rblack44

6 ms·

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by rblack44 5y ago
Absolutely! Your comment and another on this thread inspired us to explore extending our product offering to include people who already have their co-owners in mind and are just looking for help with a property search and setting up of the
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by rblack44 5y ago
Agree, this is our biggest hurdle on the buyer side. But thanks for the feedback and support!
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by rblack44 5y ago
Yes, the trust remains in place and the legal rights of all the owners are unaffected. The co-owners can simply find another property management company. Even in the event Ancana is still in business but the co-owners are unhappy with our s
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by rblack44 5y ago
Yes! We have started focusing on areas that appeal the most to US buyers (Cabo, Tulum, Puerto Vallarta, etc). Most of our marketing to date has been geared towards the Mexico market but we are starting to reach out to US buyers as well!
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by rblack44 5y ago
I'd say we are streamlining the decades-old co-ownership model more than we are reinventing timeshares :)
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by rblack44 5y ago
Really 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
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by rblack44 5y ago
Curious why you think this is awful. The order rotates each year so for a home sold in 1/4 fractions, every owner would get 1st choice once in a 4 year period. Then it starts over again. All buyers pay the same rate, the priority selec
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by rblack44 5y ago
Love the creativity! Fortunately (or maybe unfortunately from your perspective), Ancana creates the LLC for each home so people can't game the system. We do allow people to buy more than 1 share of any home, so that would get you acces
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by rblack44 5y ago
haha love it
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by rblack44 5y ago
Love some of these ideas! We are getting a lot of interest from digital nomads looking at this not just as an investment in a vacation home, but as a remote office for a few months a year. We are looking at how we can better serve that mark
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by rblack44 5y ago
One area we differ from a timeshare is an Ancana home is an investment in real estate. If the property increases in value, you capture the appreciation and if you decide to sell you make a profit.
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by rblack44 5y ago
demand for this model of ownership is exploding. From a buyer's perspective there is no functional difference between the primary and secondary market. It is certainly more liquid than a timeshare and in most cases easier to sell than
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by rblack44 5y ago
Ancana steps in and takes over the share and finds another buyer. Other co-owners are protected in this case.
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by rblack44 5y ago
We want people to use the home! Our goal in founding Ancana was to open up the vacation home market to more people. We see these homes as places to make lifelong memories with friends & family. A net benefit of our model is that your ho
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by rblack44 5y ago
The fractional ownership model is taking off, look at Pacaso's success in the US. Just as there is strong demand for the primary sale, the secondary market will also likely see a a big uptick. An owner is free to sell anytime after own
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by rblack44 5y ago
Hmmm, is the dropdown in the upper right showing "EN"? We realize there is some bugginess on the site, we are non-technical founders haha. We have a new site launching in a week or 2 that will resolve all of these little issues. T
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by rblack44 5y ago
Our investment trusts are legally binding and created by attorneys. Each prospective buyer is more than welcome to have these agreements looked at by their own lawyer if they'd like.
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by rblack44 5y ago
This is a top focus for us from a product perspective. What's interesting through our research is the overlap is probably not as big as we assumed. Some people want to use the home for special occasions (bdays, anniversaries), which ca
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by rblack44 5y ago
this is really great feedback, thanks!
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by rblack44 5y ago
We actually think we'll have the opposite effect! Single-owner vacation homes are used less than 60 days a year and often sit vacant. With Ancana each owner purchases the number of shares that corresponds to how much they'll use
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by rblack44 5y ago
A majority of owners need to agree before moving forward (so 3-1 or 5-3 in the examples you gave). The threshold increases for more costly expenses
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by rblack44 5y ago
Thanks for the feedback, this is an embarrassing oversight and was not meant to mislead. The testimonials are from actual Ancana buyers but we did use the Wix stock photos. Andres and I are non-technical founders and tried our best to stand
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by rblack44 5y ago
oh nice! I grew up in El Dorado Hills, off of Highway 50
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by rblack44 5y ago
Right, the fractional ownership model has been around for decades. We are making it more accessible and streamlining an otherwise complicated process. As you can see from this thread, the assumption by many is that we are a new take on a ti
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by rblack44 5y ago
This is great feedback, perhaps our explanation wasn't clear. The scheduling system isn't automatic, each owner has the flexibility to book stays whenever they'd like (the booking window is 2 days to 1 year out). What we try
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by rblack44 5y ago
Friends and family have been entering into these type of agreements for years. If you have a group that agrees on the same property we think that's awesome. Our solution isn't for everyone. But we are trying to make this co-owners
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by rblack44 5y ago
Thanks for the feedback. One of our biggest challenges is in overcoming the gimmicks timeshares use to hook customers. My parents have had a few different timeshares, some of which were great, others complete scams. They've been incred
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by rblack44 5y ago
Your name implies otherwise :) We started this company with a mission of making the vacation home market more accessible to people who are typically priced out. We're excited to see where Ancana goes, but pivoting into a timeshare comp
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by rblack44 5y ago
Thanks for sharing! The co-ownership model has been around for a while, but usually has been limited to friends & family. Really great feedback on some of the challenges you've faced. - Rentals: this is property dependent. Some of
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by rblack44 5y ago
Ya financing in Mexico is a big challenge. We do offer a financing option, but not for the entire amount unfortunately. We are actively looking to partner with banks and funds to be able to offer longer financing options. Stay tuned!

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