Do you like to take luxury vacations? Would like to own a luxury vacation home? Has your dream to own a piece of paradise been knocked sideways along with your stock portfolio?
It may still be a reality for you! How? Fractional real estate ownership!First and foremost it is important to understand that Fractional Real Estate is deeded ownership of real estate – It is NOT TIME SHARE.
In the past there have generally been 3 options when it came to having a vacation property you could:
- Rent someone else’s vacation property every time you want to go on vacation
- Time share – where you have bought the right to use a specific amount of time, usually a condo (and not usually the same unit/property)
- You bought a vacation home of your own, spending a substantial amount of money (either in full or having to get a mortgage).
- Statistics show that on average, most people only use their vacation home 10% of the time (the rest of the time it sits empty or they have to worry about renting it out). Regardless of the amount of time that you use it you are still responsible for 100% of the taxes, maintenance expenses & the other costs associated with owning a home – vacation or otherwise.
and now there is a fourth option - Fractional Real Estate.
