Q: How does WallyShare work?
A. WallyShare is a program we run and accept payment for. If you choose to participate, simply let us know the dates you are willing to rent out your digs (a max of 28 nights per year), and we will handle everything. We will apply your share of the rental toward your rent for that month. Wally Living earns 40% of each rental. We advertise the home via our own system for other Wally living clients as well as AirBnB.
Q: What happens to the $500 that comes out of my monthly payment?
A. At the end of the 16 year term, the $500 monthly equity you built up, is applied to your free and clear ownership of the home.
Q: Can I use the $500 monthly equity I accrue to pay for the house payment?
A. No. It can only be used when building or buying a home with us. The ultimate goal is free and clear ownership without a mortgage, in half the time. You may use the accrued equity and borrow against it similar to a pension or 401k loan. If you stay in your home for the 16 year term, your accrued equity is released to you in the form of free and clear ownership in the home. If you leave our ecosystem, then we keep the accrued equity. Keep in mind, that we can build nationwide so that you can use the equity to hire us to build your home anywhere, even outside of our normal service areas.
Q: What happens if I miss a payment?
A: If you miss one months payment, your 16 year term starts over, and you lose the equity you built up. If you miss two months, we begin the process of removing you from the home.
Please contact us with any questions you have. We look forward to serving you.