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United States securities and exchange commission logo
January 19, 2023
Ryan Frazier
Chief Executive Officer
Arrived Homes, LLC
500 Yale Avenue North
Seattle, WA 98109
Re:Arrived Homes, LLC
Offering Statement on Form 1-A
Post-qualification Amendment No. 36
Filed December 23, 2022
File No. 024-11325
Dear Ryan Frazier:
            We have reviewed your amendment and have the following comments.  In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
            Please respond to this letter by amending your offering statement and providing the
requested information.  If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.  After reviewing any amendment to your offering statement and the information you
provide in response to these comments, we may have additional comments.
Form 1-A POS filed December 23, 2022
Incorporation of Certain Information by Reference, page xxx
1.We note your reference to the financial statements for fiscal years ended December 31,
2021 and 2020 within your annual report on Form 1-K.  Upon review of the Form 1-K, it
does not appear there are consolidated financial statements as of and for the period ended
December 31, 2021 contained in the filing, and there is no audit report for these financial
statements or for the financial statements for the period ended December 31, 2020.  Please
revise your filing or tell us why you do not believe this is required.
2.We note your reference to the interim financial Statements and accompanying notes as of
and for the six months ended June 30, 2022 within your semi-annual report on Form 1-
SA.  Upon review of this filing, it is not clear what periods the consolidating and
consolidated balance sheets represent.  The header on page F-2 indicates the balance

 FirstName LastNameRyan Frazier
 Comapany NameArrived Homes, LLC
 January 19, 2023 Page 2
 FirstName LastName
Ryan Frazier
Arrived Homes, LLC
January 19, 2023
Page 2
sheets presented are as of June 30 2022 (Unaudited) and December 31, 2021, but there is
no information specifying what balance sheets begins on page F-2.  The balance sheets
beginning on page F-16 indicate that they are unaudited and as of June 30, 2022, but the
balance sheets presented appear to be as of December 31, 2021.  Please revise your filing
to correct or tell us why you do not believe such revision is necessary.
3.We note that your Management's Discussion and Analysis in the referenced Form 1-SA
filing does not contain results of operations for the six month period ended June 30, 2021,
or any discussion of changes in operations between these periods.  Please revise your
discussion to provide this information or tell us why you believe this information is not
required.
The Series Properties Being Offered, page 53
4.Please tell us how you considered the need to provide pro forma financial information for
the properties you have acquired.  Refer to Rule 8-05 of Regulation S-X.
            We will consider qualifying your offering statement at your request.  If a participant in
your offering is required to clear its compensation arrangements with FINRA, please have
FINRA advise us that it has no objections to the compensation arrangements prior to
qualification.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            You may contact Eric McPhee at 202-551-3693 or Isaac Esquivel at 202-551-3395 if you
have questions regarding comments on the financial statements and related matters.  Please
contact Joseph Ambrogi at 202-551-4821 or Brigitte Lippmann at 202-551-3713 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:       John Rostom, Esq.