Hey everyone,
With so many people only using their second home part-time, we are looking into a new program that allows for fractional ownership. It would make buying a second home much more affordable too, as you would only being buying a portion of it. The difference between this and buying with a partner is that it allows for you to be able to sell off just your portion....similiar to a time share. The home is also managed by an approved management company. We are just beginning to get info on the loan programs, appraisals and management info.
Would love to hear some opinions and if anyone has already done this .... please share...
Thanks!
Mimi