Knowledge is the Map to Greater Wealth,
Real Estate is the Easiest Path.
Equity Share
What is It?
The Beauty of this concept of ownership is that multiple individuals pool their resources to purchase real estate. By joining together they are able to buy into more profitable properties than if they were to go it alone. This idea has been around for many years but has traditionally been used in Commercial Real Estate. Because of the appreciation rate of the last several years it is becoming more attractive in the Residential Arena.
How Does It Work?
It's easy! Two or more individuals band together to
purchase a property. Each individual is entered on the Deed and an
enforceable legal agreement is entered documenting all aspects of the
use and responsibilities of each party. This can be set up with any
percentage of ownership and or use mutually agreed upon. The IRS even
has a section about this type of ownership which allows each party to
receive Tax Advantages on their contributions.
Basic Methods of Residential Equity Sharing.
The Possibilities of Residential Equity Sharing are limited only by your imagination and needs. It can be used for anything from individuals wanting a better Vacation Home to Investors wanting to help others become Home Owners. All the while you retain the opportunity of a great return from an investment in what has Traditionally been recognized as the BEST Long Term Investment Method; and that is Real Estate.
Links to More in depth description of the 3 Basic Methods
and 1 Very Powerful Variation.
Sample Transactions of each method are available on the linked pages above
Call Us to Discuss the Opportunities
954-566-3225
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This information is supplied by Great Condos, Inc. for educational purposes to introduce you to how this form of ownership may be used. All Deed and agreement documents will need to be written by an Attorney. It is also best to have your Tax Professional go over your specific Tax liabilities.