investment in fractional property?
- Wanderer
- Offline
- Moderator
- Posts: 1265
Replied by Wanderer on topic Re: investment in fractional property?
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic Re: investment in fractional property?
Pinky wrote: I guess you and me both, Centsiblesaver. Born to be in the poor house because my risk tolerance is just about nil. I just can't seem to bring myself to put money into something that is not guaranteed to some degree or another. Just means that I'll never be rich except in family.
I would agree, with the exception of my retirement savings. I am so far off from retirement, I am willing to ride the waves of the stock market and believe over time they will go up.
- Pinky
- Offline
- Junior Member
- Posts: 53
Replied by Pinky on topic Re: investment in fractional property?
- CentsibleSaver
- Offline
- Junior Member
- Posts: 43
Replied by CentsibleSaver on topic Re: investment in fractional property?
Sort of like a timeshare maybe? I have some CDs and bonds which were given to me. For investments, I'm sticking with ETFs. Like Wanderer, I'm leery of risky investments. I'll never get rich and I'll hopefully stay out of the poor house too.Goldbug wrote: I know there are places that sell individual hotel rooms through this type of scheme. People buy them and then get most of the fee when it is booked.
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic Going back to the question...
- Wanderer
- Offline
- Moderator
- Posts: 1265
Replied by Wanderer on topic Going back to the question...
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic Going back to the question...
Goldbug wrote: Just going back to the original question, where one company recruits people to buy a property as joint owner. Does the company just take a matchmaking fee, and then leave the owners to sort things out, or do they also manage it (presumably for a fee)? I'd be very wary of this if they weren't managing it, because if one member drops out, dies, or goes bankrupt, there is always a risk the property could be seized or frozen as an asset.
My understanding is generally they will help manage, but they take a high management fee and most of the times its not worth the charge.
- Goldbug
- Offline
- Junior Member
- Posts: 103
Replied by Goldbug on topic Going back to the question...
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic Re: investment in fractional property?
- Goldbug
- Offline
- Junior Member
- Posts: 103
Replied by Goldbug on topic Re: investment in fractional property?
If you want a safe way to invest in fractional property the safest and cheapest way might be to buy into a property fund or trust on the stockmarket.
- Lexie
- Offline
- Junior Member
- Posts: 241
Replied by Lexie on topic Investment in fractional property?
- FrankN
- Offline
- Blogger & Researcher
- Posts: 1208
Replied by FrankN on topic Re: investment in fractional property?
- Moneyes
- Offline
- Junior Member
- Posts: 261
Replied by Moneyes on topic Re: investment in fractional property?
Goldbug wrote: I know there are places that sell individual hotel rooms through this type of scheme. People buy them and then get most of the fee when it is booked. It never seemed like a great idea to me because you're relying on the management company of the hotel for so much, and if you take advantage of the free stays you don't earn for those days. A few schemes rotate the room bookings, or split the earnings across all room owners, to avoid having some rooms not making much.
I don't why, but the first thing I thought of when I read that was, "That sounds like something a gambling addict would do". That just sounds so desperate.
- Goldbug
- Offline
- Junior Member
- Posts: 103