FORT COLLINS, Colo., Nov. 23, 2016 /PRNewswire/ -- Lifestyle Asset Group's game changing collective ownership product called 'My Vacation Home LLC' announces its second offering, a luxury 6,163 square foot lodge-styled home located in Mountain Village at Telluride.
Participation is limited to 8 shares for accredited investors to own and enjoy this majestic property debt-free. Only 6 of the 8 shares are still available at $591,000 per share or $295,500 per half share.
Learn all the details here: LifestyleAssetGroup.com/Telluride
"With annual fees of $15,500 for a full share, the cost to have as many as 14 family members and friends vacation in a sumptuous $4.5 Million residence comes to an astonishingly low $440 a night," says Karla Jones, a senior partner in Lifestyle Asset Group. "With the potential that the residence increases in value over the term, we like to say this is the perfect investment product for those who are half Warren Buffett and half Jimmy Buffett."
Highlights of the 'My Vacation Home LLC' investment product:
- only 8 shares own the property free and clear
- each full shareholder is entitled to 35 nights use per year
- reservation system is arguably the simplest and least restricted in the industry
- defined exit strategy at the end of the 8 year term of the LLC
- at sale of property each shareholder's capital contribution is repaid
- and 100% of the profits above basis are split equally among the shareholders
Lifestyle Asset Group debuted 'My Vacation Home LLC' with a $2.8 million property in the WaterColor resort on Florida's Emerald Coast. That transaction closed in just eight weeks, even though prior to being offered by LAG, it had been on the market for 300 days. Other planned offerings for late 2016 and through 2017 include Alys Beach, Fl, Carmel, CA, Hawaii, Vail/Beaver Creek, CO, Napa/Sonoma, CA, Outer Banks, NC, Cape Cod, MA, and many other coveted destinations.
For those who simply cannot justify the economics of acquiring a home on their own, only to use it one month a year, Lifestyle Asset Group's new collective ownership product creates a sensible and affordable way to own a dream vacation home in a dream destination. As one member of the WaterColor, LLC Offering said, "Its a no brainer."
PHOTOS: A lodge-style resort home in Telluride's ski area, being offered in a novel purchase arrangement by Lifestyle Asset Group, LLC.
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SOURCE Lifestyle Asset Group, LLC