CoHome is the worst real estate investment ever
This is a service for an investor to be able to have co-ownership of vacation homes and rental properties. I was promised these great returns, everything sounded amazing. Once you sign the contract, you are basically screwed and bound to a contract where there is no way out, unless you and the other partners agree to sell the property. In our case, it will take months as we invested in a new building in Miami and after all the hotel management fees (15% plus common hotel fees) and CoHome deductions (another 8%) with very low returns, we will be emptying our pockets having to pay for the investment. These people at CoHome are very inexperienced, they are learning as it goes with our money. They are doing a very poor job in managing our account, asking for wrong contributions and making late payments on our mortgage, LLC, utilities, etc. They opened a bank account with a very high monthly fee, where none of us owners have been able to log in or manage after 8 months into the investment. This is the worst investment you can possibly do, it’s a scam and it enrages me the CEO Mao will get more money out of it when we finally sell the property. DO NOT USE THIS COMPANY for any of your real estate investments!