Interesting Idea: More buyers are turning to fractional ownership of upscale vacation properties. Unlike timeshares, fractional ownership divides ownership among fewer people, allowing each owner to stay in the unit for three to four weeks per year, instead of a timeshares one or two weeks. Through fractional ownership, investors pay property taxes in the form of annual dues, which also include concierge services and utilities. Its like having multiple second homes.They can also sell their portion of the home, leave it to heirs, or place it in a trust.
Posted on: Fri, 05 Sep 2014 13:24:01 +0000
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