Founder/Administrator
 Joined: 14 Feb 2005 Posts: 5730 Location: Cayman Islands
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Posted: Mon Jan 05, 2009 7:07 pm Post subject: Highly Affordable Way to OWN A Piece Of Paradise |
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Fractional Ownership
Real Estate’s Hottest New Trend!
By: Lynn M. Bodden, LL.B (Hons.) TEP Attorney–at–Law
Fractional properties are a new and exciting trend in real estate for investors who want to spend less to own property. Purchasers obtain title through a Cayman Islands company with all property costs shared by the other shareholders. Shares, typically sold for 1/8 – 1/4 interest in the company are issued to each owner.
A purchase through a Fractional program is very different from timeshare purchase! With a timeshare purchase, the buyer only obtains the use of the property for a specific period of time, which expires after a certain number of years. However, with a Fractional purchase, the buyer owns a specific unit with a separate block and parcel number guaranteed by the Cayman Islands government.
The fractional buyer obtains not only use of the property for the specified time in accordance with the shareholder’s agreement; but may also rent, will and sell the property with all the same tax free equity, appreciation and benefits as that of a full ownership real estate purchase. In the Cayman Islands there are developments that are designed specifically for fractional ownerships.
Activity Guide’s clear choice for the most respected, knowledgeable and trustworthy fractional agent is Lyall Watt, of Century 21.
Contact Lyall and mention that you are an Activity Guide member:
Phone: 1-345-916-7721
Please note my emphasis on the part about this being nothing like a timeshare, where you have none of the benefits of ownership such as appreciation. We are talking full ownership and title here, for however much you invest, only at a fraction of the cost!
Fractionals are an extremely affordable means of tax-free investment in the Cayman Islands. Basically, for the one time price of a few vacations, you can have the rest of your Cayman vacation accommodations for FREE, plus all the appreciation and tax-free gains afforded by a full investment, yet at a 'fraction' of the cost. A fractional is a PERMANENT investment, meaning you own title and can sell, trade, rent, use and even hand it down to your children. It's yours forever unless you decide to sell it and can only appreciate in value over time.
BONUS IDEA: If you can get a few close friends and family together you could collectively own the entire investment, which is in most cases a brand new property and much lower than a comparable condo because of the unique nature of the way Lyall structures the sales of his fractionals.
It is certainly worth any potentially qualified buyer's time to at least send Lyall a message requesting more information.
If you have any basic questions please just ask and anything I can't answer I will get the information for. I will also be posting some pictures soon showing some of the beautiful ocean front properties to choose from. |
_________________ Joe Stebbins, Editor Cayman Activity Guide Main Website | Current Issue Online | Money Saving Coupons | Frequently Asked Questions
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