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You may believe that the concept “fractional ownership” is entirely foreign to you, but you’ll probably be wrong. Recall, if you can, when you were a kid and you and your siblings or friends pooled your allowances to buy a coveted, generally, expensive item—maybe a new NFL football, a Ouija board game or a pair of roller skates. Then, after you bought it, you worked out a comprehensive (convoluted?) schedule of who had control and care of your joint “prize” on specific weekdays or weekends. While your parents may have been dismayed by your enthusiasm (as in, “You wasted your money on that junk?”), you couldn’t have been less pleased with what you were able to accomplish as a group.
Fractional ownership allows you and a group of other individuals to own a percentage of an item, an investment, if you will—not of just a football, but perhaps an entire football team! Alright, that might be a bit beyond the financial means of a few individuals (unless your last names happen to be Trump, Gates or Buffet), but remember that there’s power in numbers. If you, as an individual, can’t afford the cost (or spare the time) to buy and maintain a luxury or vacation property, then you, as part of a group, can pool your resources to accomplish that goal jointly. Its only slightly more complicated than it was when you were a child, but it is something that can be worked out, if you agree to follow these ten steps:
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Author: Barbara Zigah
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