When People Give Up on Homeownership, Something Bigger Breaks Co-Homeownership
reSpace
The new way to own.
You already pay enough to own. Now own what you pay for.
reSpace makes homeownership in premier Seattle neighborhoods accessible through structured co-homeownership. Private suites with shared living spaces, individual ownership, and real wealth-building. Homes starting at $118,750.
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The wealth gap is real
Here is what your rent is really costing you.
Every month you rent, you fund someone else's future. You already pay enough to own. The system just never gave you a path.
$2,395
Average one-bedroom rent in Seattle. Every month. Gone.
$287K
Total rent paid over 10 years. Zero ownership. Zero appreciation retained.
$0
Wealth built from renting. Your landlord builds wealth. You do not.
Your rent could be building ownership. With reSpace, the same monthly payment builds real ownership in a real neighborhood.
See what ownership looks likeOwn the neighborhood.
What you get
Your private suite. Your community. Your neighborhood.
- Private suite with ensuite bath and walk-in closet
- Private washer/dryer in your suite
- Wet bar or coffee station for everyday convenience
- Sitting area and dedicated workspace
- Shared kitchen, living room, and outdoor spaces
- All-inclusive monthly costs comparable to renting a one-bedroom
- Individual ownership via membership interest in a single-purpose LLC
- In-house financing available for non-traditional earners
The Leschi Collection
Six suites. One community. Your neighborhood.
Premier Seattle neighborhood. Lake Washington views. Each suite is a private home within a shared home. Ownership, not renting.
The Outlook A
$118,750
Third floor. Elevated sightlines and natural light. Can be combined with Outlook B for $237,500.
The Outlook B
$118,750
Third floor. Private orientation and quiet positioning. Can be combined with Outlook A for $237,500.
The Conservatory
$159,500
Main floor. Warm, grounded, and connected to the shared living spaces.
The Gable
$187,500
Second floor. Character, light, and the feel of a home within a home.
The Promenade
$249,000
Second floor. Generous layout with neighborhood views.
The Atelier
$249,000
Lower level. The flagship. The largest suite in the collection.
Comparable one-bedroom rental in the area: approximately $2,395/month.
Hold Your Space: $250 fully refundable deposit.
Hold Your Spacere
The process
Seven steps to owning your home.
01
Find your property
Not the neighborhood you can afford. The one you actually want. Browse our current properties in Leschi and beyond.
02
Apply
Submit your application. We review your financials, goals, and timeline. No W-2 required. Self-employed? Gig worker? You are welcome here.
03
Get financed
Our in-house financing team works with you directly. Approval in 7 to 10 days. Conventional mortgage rejected? That is not the end of the conversation. It is the beginning of ours.
04
Form your group
Bring your people or we help you find them. Each co-owner reserves a membership interest with exclusive-use rights to their private suite.
05
Close
We handle the legal structure. The single-purpose LLC, the operating agreement, the terms. You sign. You get the keys. The property is owned by an LLC of which you are a member.
06
Move in
Your suite is yours. The common spaces are shared. The neighborhood is home. You are no longer renting. This is the day everything changes.
07
Own your future
Full appreciation retained as the property grows in value. Your membership interest can be sold with right-of-first-refusal for your co-owners. This is ownership, not a lease with extra steps.
In-house financing
Built for how you actually work.
Conventional lenders were not built for today's workforce. We were. Our financing is designed for gig workers, freelancers, entrepreneurs, and anyone whose income does not fit a neat W-2 box.
You qualify when conventional lenders turn you away.
Check if you qualifyYou qualify when other lenders have turned you away:
- Self-employed for 6+ months with documented income
- Gig workers with consistent 1099 history
- Multiple income streams that banks refuse to count
- Remote workers relocating to Seattle
- Credit score 620+ with consistent income
7-10
Days to approval
3%
Buyer broker commission
Who this is for
reSpace is built for you.
Remote professionals recalibrating
You can work from anywhere. Now you can own where you choose to live.
Long-distance commuters
You want stability in a premium neighborhood without the commute burden on your budget.
High-income renters sidelined by price
You earn enough to own. Just not enough for a $750K home. reSpace changes that math.
Retirees downsizing intelligently
You want to own, not rent, in the community you choose for your next chapter.
Parents supporting adult children
Help your kids into ownership alongside peer households. A path that did not exist before.
Owners wanting a second location
Already own elsewhere. Want a structured, stable second home in a premier neighborhood.
FAQ
Honest answers to real questions.
Do I actually own anything?
+Yes. You own a membership interest in a single-purpose LLC that owns the property. This is real property ownership with legal protections, governance rights, and full appreciation retained as the property grows in value. It is not a lease. It is not a share. It is ownership.
What if my co-owners are terrible?
+reSpace structures co-owner groups deliberately. The operating agreement includes governance rules, dispute resolution, and clear boundaries between private and shared spaces. Your suite is exclusively yours. Common areas have shared management. And if things do not work out, your membership interest can be sold independently.
Can I sell my interest?
+Yes. Your membership interest can be sold with right-of-first-refusal for your co-owners. You are never locked in. This is ownership with a clear exit path, not a commitment with no way out.
Is this a timeshare?
+No. Timeshares are usage rights tied to specific dates. This is real property ownership. You live in your suite full-time. You are a member of the LLC that owns the property. You retain full appreciation. The two models have nothing in common except the word "shared."
What about privacy?
+Your private suite is yours exclusively. Ensuite bath, walk-in closet, washer/dryer, wet bar, workspace. The shared spaces (kitchen, living room, outdoor areas) are communal by design. You get the privacy of your own home and the community of a neighborhood. That is the whole point.
What happens if a co-owner stops paying?
+Each co-owner has an individual membership interest and individual financing. If one co-owner defaults, their issue does not become yours. The LLC operating agreement has clear provisions for this scenario, including remediation steps and ultimately the ability to replace a non-performing member. Your ownership is protected.
Own the neighborhood.
Ready?
Create Your Space.
Co-homeownership starting at $118,750 in Seattle's most desired neighborhoods.
Live Large. Pay Small.