Fractional Ownership -What is Fractional Ownership?

What is Fractional Ownership? Wikipedia defines Fractional Ownership as: "the practice of dividing an expensive asset into percentage shares and selling those shares to individual owners. A fractional share gives an owner certain privileges, such as a number of hours, days, or weeks of using the asset, and may also offer a share of income from the asset. Typically, a company manages the asset on behalf of the owner, and owners pay fixed fees for the management in addition to variable (per-hour/per-day, etc.) fees for use. For rapidly-depreciating assets, the management company may sell the asset after a fixed number of years and distribute the proceeds back to the owners (who can then register a capital loss and purchase a fraction of a new asset if they wish)." The benefits: The prime advantage of fractional ownership is cost-you purchase an interest in an asset for a fraction of the price you would have to pay to buy the same asset outright. There are other benefits as well, including: You can usually sell or transfer your fractional ownership interest. You and other fractional owners determine the function of the club or management company. You have no maintenance worries, since, with most companies who use the concept for managing assets, e.g. property, supercars, jets, yachts and handbags, all this is done for you as part of the service. Fractional ownership gives you your lifestyle when you want it, particularly if you are the sort of person whose business and leisure time is always precious. It's a lifestyle decision. If the advantages of fractional ownership appeal to you in your situation, click on the Fractional Life category sections to see what opportunities there are in each sector. As with all investments, be sure to research your potential purchase thoroughly before you commit and definitely check out all of the information that Fractional Life has within each sector. http://www.housebank.org/ Click here to Contact Us