It seems to me that people interested in the fractional ownership of property/real estate fall (very crudely) into two groups:
The wealthy who are looking for a convenient way to experience luxury holidays at exclusive destinations. For them the idea of making money from the real estate/property is (probably) less important.
The rest of us who would like to own a fraction of a property to enjoy cheaper holidays and perhaps get some captial growth over time.
Now for the wealthy the current crop of luxury private residence clubs or destination clubs would be ideal. They have large annual charges and (in most cases) little prospect of capital appreciation. But so what? You get a luxury holiday with little chance of having to fight for your sunbed with the working classes! This sort of “fractional ownership” is the answer to the holiday/vacation problem for the sort of people who solve time problems by hiring a butler or personal assistant!
For everyone else you would be advised to try to setup a low-fee fractional ownership scheme with like-minded people. The additional costs (over and above that for a normal property purchase) should be minimal and the ongoing costs exactly the same. This raises the prospect of getting some real capital appreciation over time, especially if a winding-up clause is included in the agreement (see previous post on this subject). Read more on the different types of fractional ownership.
But how can this be achieved?
There are a number of companies/websites offering either the chance to advertise for people to join a fractional ownership scheme or help with the legal side of things. Take a look at:
Yours2share.com
or
Fractional ownership news (my baby!)
Both of the above give you the chance to post a description of your proposed scheme for nothing.
Alternatively you could try advertising on/in mainstream property media. The advantage of this is that you reach a wider audience of people who might not have been considering fractional ownership. Disadvantage is usually higher cost.
Good luck!
Neil
