Is there such a thing as “shared ownership” for like vacation homes or any other stuff?
How do these arrangments work? , and are they excellent or terrible thought or what?
I want to buy a cheap vacation home, like a secluded cabin or lodge or something, and im thinking that if im not using it all the time, why not split it?
any info please! thanks!
Have a look at these auctions on eBay:
NORMAN ROCK WELL " HOME FROM VACATION" PORCELAIN FIG DANBURY MINT
 | US $6.49 (0 Bid) End Date: Thursday May-24-2012 14:03:52 PDT Bid now | Add to watch list |
MENS JOURNAL MAGAZINE JOHNNY DAMON VACATION HOME GRILLS
 | US $10.95 End Date: Thursday May-24-2012 14:04:59 PDT Buy It Now for only: US $10.95 Buy it now | Add to watch list |
BEACH HOUSE Vacation Home PERSONALIZED Custom Wood Welcome Sign w/ Seagulls
 | US $49.95 End Date: Thursday May-24-2012 16:08:12 PDT Buy It Now for only: US $49.95 Buy it now | Add to watch list |
its called Timeshare… could be a excellent thought if you do your research!
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time share salesman
time shares are useless, do not even consider them
start finding out the property’s best
use. QUESTION different
RE agents. [buyer's agents].
u could wind up with a joint
tenancy, tenancy in common
or place it into an LLC and sell
shares of it.
This can work rather well if you have a excellent partner. I have a vacation property that I split with a very excellent friend and we split the property by even and odd weeks (Stated in a contract). This year I have even weeks and next year I’ll have odd weeks. And we split the cost of improvements with no problems. We also have a friendly agreement that the other can use the property during the other’s week, if they have no intention on using the property.
My cousin does the same thing with a vacation home that he splits with his folks.
But I have also heard of nightmares and this type of thing killing friendships and dividing families. You have to be very careful on who you choose to bring in here and place an agreement on paper.