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I would suggest looking closely at making shared ownership easier for friends and family, rather than a complex partnership of strangers. We know of people that
by mimifriends 5y ago
I would suggest looking closely at making shared ownership easier for friends and family, rather than a complex partnership of strangers. We know of people that would buy a vacation home together, but the purchase,
management, maintenance and use scheduling is complicated enough to shelve the idea.
- rblack44 5y agoReally love this idea. We started Ancana to make this opportunity available to everyone, even if they didn't have a group of people they knew who wanted to co-own a home. But there is absolutely room to tailor a product for people who already have a group and just don't want to deal with the overhead of setting up the fractional model and ongoing maintenance. We're going to look into this, thank you for the feedback!
- liketochill 5y agoHaving an agreement which sets up the terms of the dissolution of the enterprise up front will help save relationships. I have a buy sell where the partner that wants to exit names their price and the other partner decides if they want to buy the other share at that price or sell their own. And then the remaining party is free to find a new partner or put it on the market.