Fractional ownership in La Ventana

apctjb · Since 19 Aug 2007 440 Posts Obsessed

The owner of the house we rent in La Ventana is looking to sell.

We are tempted but typically spend only 4 weeks out of the year (Dec-Jan) in LV so pretty hard to rationalize the outlay on our own.

So was wondering if there are others that might be interested in a fractional ownership setup (most likely structured as shareholders in a corporation which will hold title to the property).

Ideal would be others interested in visiting at times other than the 4 weeks around Xmas.

The house is 3 bedroom, beachfront, nice beach for launching. Assuming 4-5 equal shares figure $100K each and then about $2K/year upkeep, taxes.

Curious to see the level of interest; PM me if interested.

Sella · Tue Dec 04, 12 8:40 pm

I've always thought fractional might be interesting but the deterrent was there are so many global spots I want to kite before I leave this planet why lock into just one.

I guess it comes down to what you're currently spending on renting the house for 4 weeks vs expected annual fee + cash but cost in LV still seems very reasonable to rent and people like Brenda http://www.vacationrentals411.com/vacation/33279.html

take care of all the bs so you just have to worry about drinking and kiting instead of finding 4 people that want to invest in MX real estate with Dec/Jan blacked out. Wink

Good luck with that.

Lurk · Since 04 Apr 2009 355 Posts Obsessed

Got to agree, who needs that hassle of foriegn ownership laws, negotiating maintaining a property thousands of miles away. PLus you can always rent for less. Sounds insane. Plus 4 owners?? People do this? Why?

Guy is selling for a good reason, probably bought at right time.