Posting ID : A1068528942
Date Posted : 2015-08-19
Category : Real Estate By Owner
Looking for fractional ownership partners to purchase a vacation getaway in the Cherry Grove/Sunset Beach area. We are open to a number of different types of properties based on the investor/owner group but are looking for the following:
-5 or 6 owner families which would give each 8 to 10 weeks a year but still spread overall costs out (or, do 10 or 12 families and cut the initial cost and monthly cost in half but allow people to buy multiple shares) - minimum 2 bedrooms, 2 bathrooms - condo or stand-alone house - either on golf course or water (ocean or intercoastal access) - access to community pool
Would like to keep the initial investor requirement to under $60k which would give a budget of $360k for purchase assuming 6 investors. Monthly/annual taxes, insurance, HOA fees, utilities and maintenance escrow would be split among the investors. Depending on the property this could be $200 to $400 per month each.
I live in the Raleigh area and will be retiring within the next 2 years. Open to buying into existing properties or starting a whole new partnership with like-minded families.
If interested send me your contact information and any comments based on the above and I'll get back to you to discuss how we might move forward.