I am looking into Arrived Homes, a real-estate investment site. (No affiliation.) I am trying to determine, if you invest, what happens when the home is sold. Their answer to the question "Who legally has ownership of the house?" is not clear to me.
When you purchase shares in an Arrived home offering, you are directly buying ownership in the individual Series of a Series LLC that owns that home asset. So if for example, you purchase 1% of the shares in a single home offering, you would then be entitled to 1% of the economic interests of the asset over time, which may include income from rent or property value appreciation.
Can someone please paraphrase the answer in laymen terms? Is this normal jargon, or is it intentionally unclear?