what is vacation home joint ownership?

Copyright © 2010 AZ Joint Ownership, LLC

Vacation Home Joint OwnershipWhat is it all about and what's in it for me?

Powered by www.azjointownership.com


Vacation Home Joint OwnershipWhat is it?

Vacation Home joint ownership is a partnership in the ownership of (Title To & Equity In) a house or condo or apartment.




This is NOT time share or fractional ownership......





95% of families do not have or do not want to commit large amounts of available capital in a vacation property and take on the burden of the monthly operating costs.





95% of families do not have or do not want to commit large amounts of available capital in a vacation property and take on the burden of the monthly operating costs.

But most wish they could......


Vacation Home Joint OwnershipWhy purchase now?

Today is a great time to invest in real estate!




Unless you have been under a rock for the last 2 years we are in one of the worst real estate slumps in modern history. US Home Prices Continue to Tumble…with over a 70% decrease in property values.





Instead of the real estate crises being a negative, now is the time to invest in well located properties in areas that have been hardest hit, the vacation and retirement centers of North America like:

Hawaii~California~Nevada~Arizona~Florida

Plus the rest of the U.S. and Canadian markets where people want to go to relax.





Instead of the real estate crises being a negative, now is the time to invest in well located properties in areas that have been hardest hit, the vacation and retirement centers of North America like:

Hawaii~California~Nevada~Arizona~Florida

Plus the rest of the U.S. and Canadian markets where people want to go to relax.

'Decimated housing market may get considerably worse before it gets better, according to housing-industry professionals, who expect foreclosures and home-price declines to continue pressuring the sector through at least the first half of 2010.'

According to Time.com Jan. 2010


Vacation Home Joint OwnershipWhy joint ownership?

Lets say you are interested in the opportunity and possible returns real estate can generate for investors.....

Plus.....




Plus.....

You would love to purchase a vacation property you and your family can use and enjoy while it increases in value.




Plus.....

But.....





Plus.....

But.....


The capital investment is too much to take on by yourself and the monthly operating costs are too much!



How do you take advantage of the real estate opportunities and fulfill the dream of owning a fabulous vacation home??????



How do you take advantage of the real estate opportunities and fulfill the dream of owning a fabulous vacation home??????

The answer is .... By bringing together a few friends, family or associates you can make the purchase of a vacation home a reality.....


Vacation Home Joint OwnershipHow does joint ownership work?

As an example ~ Purchase a vacation home for $150,000 cash, add minor improvements & refurbishment, clean up, closing costs and joint ownership set up fees, along with

furnishing the property at an executive level and there will be a total investment of approximately $200,000.

A big single $ investment for anyone!






With Joint Ownership it is simple math

$200,000 divided by 4 partners








$50,000








$50,000

$50,000

+








$50,000

$50,000

$50,000

++








$50,000

$50,000

$50,000

$50,000

++

+



$50,000 for a dream real estate investment that you can use and enjoy!!!!!


Vacation Home Joint OwnershipWhat could go wrong in a joint ownership model?

Not every shared ownership situation works out well.How do family and friends that participate in Joint Ownership stay that way?




There are a number of pitfalls that can occur after the joy of purchasing a new vacation home wears off.




There are a number of pitfalls that can occur after the joy of purchasing a new vacation home wears off.

Once the honeymoon stage is over you and your partners better have things in writing or the chance of a war between family and friends is imminent, it is only a matter of time.



Here are just a few things that can strain the joint owners partnership, friendship and ultimately your financial investment.

Issues Solutions




Issues Solution

Competing for peak vacation times 5 year usage calendar




Issues Solutions


Partner disagreements USA or Ownership Agreements




Issues Solutions



Partner financial troubles USA or Ownership Agreements




Issues Solution




Marital status changes, death... USA or Ownership Agreements




Issues Solution





Usage issues (pets, kids, damage...) Usage Agreements




Issues Solution






Guest & family usage Move in Move out Instructions




Issues Solution






Guest & family usage Move in Move out Instructions

Furnishing, Budgets and Planning Templates and Spreadsheets


Vacation Home Joint OwnershipWhat does AZ Joint Ownership provide?

AZ Joint Ownership has spent 2 years refining the vacation home ownership program and package.




We provide the following for groups looking to start down the road of joint ownership or those who have purchased a property and want to get everything in writing prior to an issue evolving:



1. Ownership Agreements or a United Shareholders Agreement which includes:

Parties involved and how title is taken Financial commitments by the partners Ownership obligations and addressing breaches or responsibilities Disposition of interest prior to and after set time frames Dispute resolution Termination or sale of the property Other...


We provide the following for groups looking to start down the road of joint ownership or those who have purchased a property and want to get everything in writing prior to an issue evolving:



2. Usage Agreement which includes:

Rights of usage and timeframes Booking policy Who and how the property can be used Roles in the partnership Guest fees and third party rentals Usage and damage responsibilities Accounting and book keeping roles Voting procedures Cleaning Bylaws Other...



3. Five Year Usage Calendar




4. Cleaning Service Checklist





5. Detailed Home Furnishing and Household Supplies Purchase List & Budget






6. Home Move In Checklist







7. Home Move Out Checklist







7. Home Move Out Checklist

8. General Home Maintenance & Service Checklist Free


Vacation Home Joint OwnershipWho is AZ Joint Ownership?

AZ Joint Ownership is dedicated to the pursuit of affordable vacation property ownership

AZ Joint Ownership focuses on joint ownership vacation property strategies & consulting, vacation property turn-key acquisitions, education and partnering on the Joint Ownership methodology.

AZ Joint Ownership works with individuals, developers, lenders, investors, real estate agents, teams and brokerages enabling them to leverage the current soft vacation destination real estate market and assists the real estate community in increase their sales by providing Joint Ownership packages, mentoring and consulting for their clients.


Vacation Home Joint OwnershipWho is AZ Joint Ownership?

Contact us today to learn more about these programs, current investment opportunities and other exciting vacation home and real estate investment opportunities!

Michael Kuhbock [email protected]

Susanita de [email protected]

AZ Joint Ownership, LLC

www.azjointownership.com

Or on Facebook at http://www.facebook.com/azjointownership

Dedicated to the pursuit of affordable vacation property ownership!

mailto:[email protected]

mailto:[email protected]

http://www.azjointownership.com/

http://www.facebook.com/azjointownership


Thank you !

what is vacation home joint ownership?

Real Estate