Fluid Equity

Built carefully · Legal first

Ownership is
out of reach
for too many.
We fix that together.

Residents need a path to build a real stake. Investors need a structure they can underwrite. We're putting both in the same dual-class model — and finishing the legal foundation before any offering.

Talk to usKeep reading

Who

Residents, owners & investors

What

A capped stake from living there

How

Two share classes, designed carefully

When

Legal foundation before scale

Rent that builds somethingNot a 30-year trapInvestors keep controlResidents build a capped stakeSecurities done rightNo rushing the foundationRent that builds somethingNot a 30-year trapInvestors keep controlResidents build a capped stakeSecurities done rightNo rushing the foundation

What's broken

Owning a home turned into a privilege.

Plenty of people rent for years — some for most of their lives — and walk away with nothing. Not because they failed. Because the system never gave them a real shot.

Some rent on purpose for flexibility. Most rent because down payments and 30-year mortgages are the only door to ownership — and that door stays closed for a lot of good people. We think both paths should exist: keep renter benefits, and build equity while you live there.

The problems we're solving

01

Rent is a one-way street

You pay for years. Someone else owns. You leave with no equity to show for it.

02

Ownership has one door

Down payments and 30-year mortgages keep millions from ever getting a fair shot.

03

The gap keeps widening

Owners build wealth over time. Renters help fund that wealth without sharing in it.

04

This has to be built carefully

Dual-class interests sit where securities law and housing law meet. The foundation has to be solid.

“Some people have been renting for decades and have nothing to show for it. A lot of people rent for life. Some want the flexibility of renting — most are stuck because they never got a fair shot at ownership. Down payments and 30-year mortgages should not be the only path. Our model keeps the benefits of renting and a real, capped path to build a stake.”

Andrew Lee · Co-Founder · Vermont

How it works

Two share classes.
Same property.

Investors provide the capital. Residents build a capped economic stake by living there. Both sides are structured as securities so the model can scale cleanly.

A

Class A

Investors

  • 6% preferred for the pilot, paid when the building earns it
  • No lender ahead of the preferred
  • Governance stays with investors
  • A path back over roughly 10–12 years. Not a market on day one
B

Class B

Residents

  • A capped stake in that building, once Regulation A+ is qualified
  • Part of the pilot. It starts once Regulation A+ is qualified
  • Economic participation only. Management still runs the building
  • No large down payment, and no mortgage

Dues Ledger

Keeps taxes, insurance, and real upkeep funded

Securities path

Counsel sets the exemption or registration. This site is not an offer.

The token

The economic interest in that building. Not a coin, and not liquidity.

How money moves

The closed loop.

Read clockwise: capital buys the building, residents pay rent, operations come first, and Class A is paid when the building earns it.

Fluid EquitySponsorREAD CLOCKWISE01Class A CapitalInvestors fund the building02The BuildingAll cash. No mortgage.03Resident RentMonthly payments in04The SplitOps, then preferred05Class BIn the pilot, after Reg A+06A Path BackNot a market today

Capital → Building

Class A funds the building LLC. The building is bought all cash. No mortgage.

Rent → Ledger

Operations are paid first. Class A preferred is paid when earned. Class B accrual starts only after Regulation A+.

A path back

Over roughly 10–12 years, cash flow and a sale can return capital. That is a path, not a market.

If you rent

Renter benefits. A capped stake.

Keep the parts of renting that work — flexibility, managed upkeep, no full-ownership headaches. Once Regulation A+ is qualified, a capped stake in that building can build while you live there.

If you invest

Put capital behind people who live in the asset.

You keep governance. Residents can build a capped stake in that building once Regulation A+ is qualified. When people have skin in the game, they tend to care more about the place — and the preferred is paid when the building earns it, with no lender ahead of it.

FAQ

Straight answers.

No. Residents don't take on a traditional 30-year bank mortgage. They live in a professionally managed property and can build a capped Class B economic interest through a structured portion of rent.

Class A is a 6% preferred for the pilot, paid when the building earns it, with no lender ahead of it. Investors keep governance. There is a path back over roughly 10–12 years. It is not liquidity on day one.

Once Regulation A+ is qualified, a capped Class B stake builds from a defined slice of rent. That stake is part of the pilot. The claim is on that building. It is not a deed.

Operations first: taxes, insurance, and maintenance. Class A preferred is paid when the building earns it. The slice that builds Class B starts only after Regulation A+ is qualified.

Dual-class housing sits where securities law and housing law meet. Legal architecture and issuance rails come before property capital for a pilot.

No. This site is informational only. Any offering will use formal documents and the exemption or registration counsel recommends.

Where we are

This is new.
We are not rushing it.

Dual-class housing with a resident economic stake sits where securities law, housing law, and real operations meet. That takes careful design. We are finishing the legal and technical foundation first — before property capital and a pilot building.

  1. 01

    Legal structure

    Dual-class securities path, built carefully

  2. 02

    The token

    The economic interest in the building. The platform is chosen.

  3. 03

    Issuance

    Documents and counsel before any offering

  4. 04

    Then a pilot

    First building once the structure is ready

This stage is legal work and platform rails — not buildings yet.

Who's building this

Two founders. One clear idea.

Based in Vermont. The pilot is Boston, New York, and Miami.

Andrew Lee

Andrew Lee

Co-Founder

Vermont native. Resident structure, partnerships, and the day-to-day build.

Peter Stevens

Peter Stevens

Co-Founder

Twenty-five years in capital markets. Equities trader, Series 7, and co-founder of Poulos Advisors.

Contact

If this resonates, write us.

We are putting the legal and issuance foundation in place first. Happy to talk with counsel, operators, and anyone who cares about this problem.

[email protected][email protected]