CoVista is a New Way to Live that is a hybrid between renting and owning your home.  Get the flexibility and convenience of renting while also being an owner of your share of the home – the best of both worlds!

Co-ownership means our homes are jointly owned by you, as a CoVista member, other CoVista members plus other shareholders.  There is a legal and financial partnership amongst all shareholders where if the value of the homes goes up, everyone wins together!

CoVista gives you all the conveniences of renting plus more as you build wealth as a real estate investor and move towards home ownership and your financial goals.

1. As part of the CoVista program instead of a security deposit you will make your initial purchase of shares of the owner of your home.  Unlike rent-to-own you actually own a portion of your home starting at move-in and continue to grow the value ofyour ownership over time through appreciation and additional share purchases.
2. If you decide to purchase your home, the purchase price will be based upon the then current market value. Our core values are fairness and transparency.  By providing the tools and methods to track your home’s estimated value over time, you have the data to make the best decision for you and your family of when or if to purchase your home outright.
3. In addition, if you decide to move-out, CoVista gives you the flexibility that the gains in your investment are yours less a 10% transaction fee and any unpaid charges.

Your home is owned by a fund managed by CoVista of which you will be a shareholder.  Legally you do not own the home directly and your name is not on title or any mortgages.

The fund that owns your home will also own additional homes in your area.  You, as an investor, get the benefit of diversifying your investment into a group of homes to weather any unexpected storms.  Your neighbors might be some of your fellow investors.

1. As an investor in your home and a shareholder of the fund, the value of your investment can go up and down due to various reasons including but not limited to market conditions and circumstances at the specific portfolio of homes such as a significant repair.
2. If you choose to move-out and not transfer to another CoVista home you will be subject to a 10% transaction fee which may limit or negate any prior gains.
3. We encourage you to make contribution decisions carefully and to get personal advice from a professional tax and financial advisor.

We currently serve the Dallas-Fort Worth metro area with plans to expand to many more.  Be the first to learn when CoVista is coming to your area by signing up for updates.

Yes. During your application, a small application fee will be charged. This fee covers our costs and is non-refundable.

Start by searching the CoVista website or third-party portals for CoVista branded homes for currently available properties.  If you don’t find your next home today, sign up for CoVista updates and be the first to know as we continue to add more homes.

At this time CoVista is currently not purchasing homes brought to us by future residents.  By CoVista purchasing the properties first, as a shareholder you get the benefit of our team’s years of experience purchasing for some of the largest landlords to find the best properties.

TBD

1. We evaluate rent-to-income and debt-to-income ratios, and credit, housing, employment, and criminal history, in addition to other considerations:
2. Annual household income of at least $75,000, or monthly income 3 times the rent
3. No open bankruptcies
4. No felony convictions with the last 6 years

TBD

No.  We will only make a soft credit inquiry (a “soft pull”) and thus your credit will not be impacted.

No. Instead of a traditional security deposit you will make your initial investment into your home.  Why earn close to nothing on a security deposit when you can be sharing in the home appreciation.

TBD

1. There are two main parts to your experience with CoVista.  First, as the tenant in the home and second, as an investor in the fund.
2. Once your application is approved you will sign a lease agreement that covers the terms of your stay in the home just like in a regular rental home.
3. In addition to the normal lease there will be an additional lease addendum that includes the terms covering your option to purchase the home in the future.
4. As an investor, instead of a security deposit you will purchase the initial shares in the fund that owns your home.  You can continue to buy more shares over time to build up towards your financial goals.

Your monthly payment will consist of your rent as per the terms of the lease plus any optional additional share purchases into the fund you choose to make.

On a monthly basis CoVista will provide an updated value for the portfolio of homes and a price at which you can purchase additional shares.  The choice to purchase more is yours but we encourage our members to experience the power of compounding by making regular investments to build towards your goals.

While you are renting CoVista will pay for property taxes and property insurance.  You will pay your portion of those expenses as a shareholder, but it will not be paid directly by you.  You are required to have and pay for renter’s insurance during your entire rental period.

1. We both do.  While CoVista is responsible for major maintenance items such as roofing, electrical, HVAC and plumbing, you are responsible for regular maintenance and identifying and coordinating with us any of these issues which may arise.
2. Once you purchase your home, you are then responsible for all maintenance going forward.

You are responsible for the transfer of utilities and the payment for services by paying the provider directly.  If an owner account is required, the resident is still responsible for paying the utility directly and CoVista will provide the relevant ownership documentation.

Yes, we love pets!   That said we do have a limit of 2 pets per home and breed restrictions may apply.  

Yes. You are required to demonstrate proof of personal liability insurance and renter's insurance. Additionally, if you have a dog, your liability insurance will need to cover dog bites. We can help you get the insurance you need if you'd like.

At the end of your lease the options are:
‍

1. Renew your lease
2. Buy your home
3. Transfer to another CoVista home
4. Move-out and cash-out

If you choose to move-out and not transfer to another CoVista home you will receive the then current CoVista price for your shares in cash less a 10% transaction fee

We make it easy!  Find another CoVista home that you’d like to apply for and then reach out to our customer success team who can walk you through the process.   The value of your investment will be transferred at the then current CoVista price.

No, you are under no obligation to purchase.

The price of your home will be set at the then fair market value as determined by CoVista. This price would also be the price that CoVista would repurchase your shares less the transaction fee.   

If you disagree with our assessment there is an option to appoint a certified independent third party appraiser.

Yes, you can purchase the home at any time after the initial 2-year lease term.   Just simply reach out to our Customer Success team to learn more.

TBD