Fractional Ownership in Watersound

[csamps]

Hi everyone. I'm up here in Atlanta.

I too have been interested in this fractional concept for those of us who really know we're not going to get down as much as we'd hope or originally think.

Heard that big condo tower project (Destin?) just sold out fractionally, but I myself feel better in single family.

Anyone know the firm structuring these fractionals. I was considering doing that on my lot in Cyperss Dunes at 1/6 or 1/8.

 

[Smiling JOe]

Hi everyone. I'm up here in Atlanta.

I too have been interested in this fractional concept for those of us who really know we're not going to get down as much as we'd hope or originally think.

Heard that big condo tower project (Destin?) just sold out fractionally, but I myself feel better in single family.

Anyone know the firm structuring these fractionals. I was considering doing that on my lot in Cyperss Dunes at 1/6 or 1/8.

The big one on the Destin Pass is a Peter Bos project. You should also check with Cypress Dunes to see if they allow such a thing, and if so, hire an expert, read attorney, to set it up. As noted in the posts above, it would be easier to create an LLC as an owner and have people buy into the LLC.

 

[sweet]

Re: Fractional Ownership in Rosemary Beach

Rosemary Beach has a nice fractional that is suppose be complete by spring 06
I purchased lit last year. It has gone up 100,00. I think they might have a few left.
If you or anyone esle is interested I might be interested in selling
send me a private message

 

[Cork On the Ocean]

Regarding Bos' project, Harborwalk, when did it sell out? The only thing that I heard is that they were having problems selling the fractionals and so they converted some of the fractionals to whole ownership. I talked to them last week and it sounded like they still had quite a few fractionals left.

Also, does anyone have a lender that 's willing to finance fractionals? A good friend is a mortgage broker and he says he doesn't have anybody that will lend on fractionals. Watercolor and Rosemary fractionals did quite well but financing is a concern for some buyers and also from a resale standpoint after initial developer offerings.

 

[SHELLY]

I think the wheels are about to fall off of the "condo/fractional ownership" wagon in Florida--that fad has pretty much run its course. Raising interest rates, tighter lending, Hurrincane Dennis and the publicity of more and stronger hurricanes in the coming years are unscrewing the lug nuts a bit sooner than anticipated.

 

[sweet]

I guess you are another person who does not understand investing in the market. This not fad. It is a business as long as you know when to buy and when to sell. If you have purchased a condo/house to enjoy the beach and make a little money to go along with it I think that is wonderful. Don't worry about the wheels falling off.

 

[Renee2]

http:/www.30Acondosandhomes.com :clap_1: Fractionals are an alternative to whole ownership in that you don't have the headache of managing your property from another state or area. The major advantage is that you can own a property, share the expenses with others, maintain a luxury lifestyle during your stay and a credible company tends to all the details. Many Entrepenuers and Business Executives find they have less time than they have money and choose fractional ownership. I personally am not inclined to purchase fractionals at this time but will consider it it as a viable means for a second home in another location for the winter months and a great escape when I make the time to travel.

 

[Renee2]

Scenic 30-A homes Debbie, Financing for Fractionals
BankTrust, Contact Name: Bebbie Burns is financing fractionals. Bebbie Burns is located in the Sandestin BankTrust branch and is financing Emerald Grande on the Harbor.

 

[Renee2]

Re: Fractional Ownership in Rosemary Beach

30-A homes and condos I would be happy to add your Rosemary Beach Fractional to my website. Mind you I am still working on this site and plan to include all the Fractionals on 30A. And yes. the prices have increased with each new release.

 

[sweet]

Thank you for the offer
I sent you an e-mail through your website