Up&Up

Up&Up's mission is to provide a more accessible, flexible, and fair way to build towards homeownership. At Up&Up, Up&Up believes in giving renters the opportunity to make their money go further. By making every resident a part-owner in the home of their choice, Up&Up helps you build a nest egg for whenever youre ready to buy or cash out. Its a flex... ible, forward-thinking alternative to the traditional rental model that enriches you and your future. ...That's the spirit from which Up&Up was born. Four years ago, my friend came to me to chat about renewing his apartment lease. He was fed up with how much rent he had paid ($2,500/mo over 5 years is $150,000!) and that he wasn't able to benefit from the rise in home prices. He was approved for a mortgage but still couldn't buy a home because he couldn't afford the down payment. I offered to help and Up&Up partnered to buy his home together. Up&Up split the down payment, split the mortgage payments, and he paid me a percentage of what the house would rent for on the share I owned. Because Up&Up's splits were based on Up&Up's down payments and rents were defined by the market, Up&Up both knew this was a fair deal among friends. Up&Up quickly realized this was a product that could help many Americans who want to stop paying rent and get into their first homes sooner. The vision is powerful but simple let's build a business on the premise of making fair partnerships, the same type as Up&Up did with friends and family, and help as many people achieve homeownership as possible.Read More