Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Thank you for your perspective. Fractional ownership can encompass anywhere from 2 to 100's of owners. We are seeking 2 (maybe 3) owners total with no AIRBNB rights. We are seeking a partner(s) that takes care of their dwelling and is a good fit for the Villages.
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#17
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Not a timeshare
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Think aircraft fractional ownership, not timeshare fractional ownership. |
#18
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We have friends who did a 50-50 split on a ski condo in NH for 20 years and they use it as well as rent it out. It’s 100% about compatibility / cooperation between parties.
Of course it’s not for everyone as you can read here as most retirees on here are highly risk adverse. |
#19
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Most larger private aircraft are owned in fractional ownership situations. (NetJets, Wheels Up, Flex Jet, etc..). Most celebrities own only a fractional share of the aircraft they fly in. It works because the owners are vetted and there is a contract between the owners.
There are people out there that want a second home in The Villages that don't desire to pay for the entire home. Hopefully, this post finds those people and not the naysayers that say this won't work. |
#20
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Quote:
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Oldcoach Ed "You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken" |
#21
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To the OP, have you considered getting a reverse mortgage on your current home, to help finance the purchase of a second home in TV for just yourself?
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#22
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To sum up most of the posts this is a bad idea on too many levels.
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GO STEELERS |
#23
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One thing is for certain and I speak from experience there is absolutely no way I would partner on a house in TV with someone I had not known for years and got along with well. Even in that situation things can unexpectedly go south. If I could not afford to own a second home on my own I would rent.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#24
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Bad, bad, bad idea. Too many problems would arise. If you can't afford to live here, don't come here.
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#25
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Murphy's law is waiting just over the hill, would you consider a mail order bride? If not its a big NO
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#26
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I would definitely consult with an attorney. There has to be a contract between the parties as to who is responsible for the upkeep, utilities, deed restrictions, etc. This type of an arrangement makes me nervous. Friends may end up enemies which is the least of your worries. To be honest, I would not do it.
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_____________________ This, too, shall pass. |
#27
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#28
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#29
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#30
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Doesn’t add up.
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The quieter you become the more you can hear |
Closed Thread |
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