This page provides information on the concept of fractional ownership. Please also view this
ABC news cast
on the topic. The following New York Times
article
is also very informative. Vacation Ownership Magazine produced a number of good articles on
the topic. Click here
for one of them.
Many of us have the dream of owning a vacation home on or near a beautiful beach, and for years,
hundreds of U.S. citizens have come to the beaches of San Felipe to fulfill that dream.
However, now that dream is becoming more and more costly. Beach front homes range from
$700,000 on the low end on up to $2,000,000 and sometimes even higher. The majority of
these homes in Mexico are offered at “cash only” terms. Even for those who can afford
these prices (in cash) one must ask; how often can I really make it down to San Felipe to
enjoy (and justify) this substantial investment?
Maybe the answer is two weeks a year, maybe it is four weeks a year, whatever the answer you
also must ask yourself some other important questions. What is a Notario, Fideicomiso,
Federal Zone, and how will I pay the bills, keep an eye on the home, perform regular
maintenance, clean the house, etc. etc.? On top of all of this you will also have to
have the time and the money for all these responsibilities, and see if you still have time
to truly unwind and enjoy the beach.
There is an alternative to sole ownership in a beach vacation home, and it is called a
Fractional Ownership vacation home. This is how it works: Each home has eight
owners. * Each owner has the use of the home
every eight weeks for a total of up to six weeks a year. And
because the home is closed every year for up to five weeks (last week of July, four weeks
in August) for maintenance, the calendar automatically “shifts” the rotation of owners by a
few weeks. This guarantees that if one owner has Thanksgiving week, for example, that next
year the holiday automatically rotates to another owner and so on.
The Owner's Rotation schedule page shows the rotation schedule.
If an owner can not use all of their six weeks per year, it is their option to let family
or friends use it, or rent out and keep the proceeds. Each owner also receives an owner’s
storage locker on the premises in order to keep clothes, personal items, beach toys, etc.,
etc. on site so as to not have to cart such items back and forth.
Management services are paid for quarterly in an all inclusive fee of no more than $275 per
month to be paid quarterly. Writing a quarterly check is our owners only commitment
“to work” for beach living! All other hassles, work and worry are taken care of for them.
While some people dream of Paradise, Our owners prefer to own a piece of it!
We truly believe that Fractional Ownership solves the problems associated with the second home
ownership, and allows the owner years of trouble free pleasure and excitement.