Just a dream?
Is owning a second home in the mountains only a dream? Because:
Wake up! We've got the answer!
You can buy more house and pay less than you would for a condo! You can actually own the home with a deed, but pay only for the amount of time you actually spend there!
How does 4,000 sq- ft. -plus of luxury sound?
You can own a luxurious six-bedroom home with over 4,000 sq. ft. for the two to four weeks you'll actually use it. You can even enjoy the home any other time on a space-available basis.
If you go it alone.
If you bought the house all by yourself, you'd pay $240,000 down, have a 30-year mortgage for $960,000 and your payments would be $6,387 a month. You'd also have to pay the taxes, insurance, utilities and maintenance. Whoops, that's only $1,200,000, not even enough to buy the house yourself!
If you buy what you use.
How much to own a four weeks? $300,000 for a condo? $275,000+ for a luxury timeshare?
Own the house for four weeks for less than you could rent it for one week!
Buy your share of the house for $160,000. Use it at least four weeks and space is available the rest of the year. Just pay your share of the taxes, insurance, utilities and maintenance. You also get the appreciation in the home's value.
If the house is also rented, your investment could be eligible for depreciation and deductions for upkeep payments. Your interest in the house can be sold, willed to your family or gifted to your family. You can also donate your unused time to your favorite charity for auction.
Is it better to pay $14,022.00 a year plus maintenance for at least four week’s use - and not worry about the house when you're not there . . . or pay $10,500.00 to rent for two weeks?
On the average, any house like these luxury homes rents for at least $750 a night. That means four weeks’ rental = $10,500.00. If you finance $130,000, your payments will be about $14,022.00 a year. If you rent, your money's gone and you're left holding a memory. If you buy, you own the house and at least four weeks’ worth of glorious memories!
So what four weeks do you get?
Time is allocated by lottery. Holidays are rotated so everyone gets an opportunity. Only 12 shares are available in any property and usually only 6.
What if . . .
. . . you want to vacation someplace else next year?
Our goal is to have properties in a number of different locations: Colorado, Utah, California Wine Country, Mexico, etc. The destinations will be those that our owners request. If a property you don’t own is available, you'll be able to use it for a small fee to cover the costs of cleaning and operations.
Live the dream!
If you or a friend would like to learn more about how to get your dream second home in the mountains, call us. There's absolutely no obligation. Call toll-free (866) 692-5032. The number is a 24-hour recording. So please leave your name, email and phone number. We'll get back to you by phone as soon as possible.
We look forward to hearing from you soon. Happy dreams are meant to be reality.
Jim Montgomery was graduated from Duke University and received his doctorate in Jurisprudence from Southern Methodist University. A successful trial attorney since 1978 with numerous multi-million dollar recoveries, he dissected many business transactions in the courtroom that were improperly structured. That experience caused clients to ask him to structure transactions before there was conflict, saving them time and money. This experience has lead to his present endeavors in buying and selling businesses, forming and restructuring businesses, and planning corporate strategies to maximize income for the owners.
He has advised and participated with real estate investors on income producing property and raw land investments. He is a business owner in the smoked meat (http://www.texashillcountrybarbecue.com ) and the food distribution business.