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How to Pay for a Multi-Million Dollar Vacation Home: The Power of Co-Ownership

How to Pay for a Multi-Million Dollar Vacation Home: The Power of Co-Ownership

FromReal Wealth Show: Real Estate Investing Podcast


How to Pay for a Multi-Million Dollar Vacation Home: The Power of Co-Ownership

FromReal Wealth Show: Real Estate Investing Podcast

ratings:
Length:
28 minutes
Released:
Jun 25, 2022
Format:
Podcast episode

Description

There are 10-million second homes in the US, yet, on average, they’re only occupied 8 weeks a year. That’s 440 million weeks that vacation homes sit unoccupied, unused, and unloved. But there's a new tech-driven co-ownership option that matches your vacation time with the cost to own that home. And it’s nothing like a timeshare or tenants in common.In this episode, you’ll hear from Jeff Lyman about co-ownership vacation homes as the Chief Experience Officer and Co-Founder of Ember Homes. He explains how you can own a fractional portion of a home and still reap the benefits of homeownership. That includes lower costs to maintain the home, easy transactions to buy or sell into the deal, and the capture of appreciation when it does come time to sell. Prior to Ember, Jeff worked as Chief Product Officer at Weave Communications, CPO & Chief Marketing Officer at Vivint Smart Home, and Senior Director for Mobile and Web Design at Nike+. He has an MBA from the University of Oregon. Ember Homes makes the ownership of vacation homes simple. But is it right for you? Is it something that improves your finances while also contributing to your personal growth? Having a personal vacation retreat might get you to your happy place, but If you’re unsure about your next steps in real estate, you might want to check out Rich Fettke’s new book, “The Wise Investor.” It’s an easy-to-read modern parable about creating financial freedom and living your best life. And it could help you decide if a co-owned vacation home is your best next step. The kindle book is for sale on Amazon. The hard cover and audio versions are coming out in August but you can pre-order them now. You can also read more about the book here.And please remember to subscribe to our podcast and leave a review! Thank you!
Released:
Jun 25, 2022
Format:
Podcast episode

Titles in the series (100)

Smart real estate investing will give you the time and the money to live life on your own terms! We call that real wealth. Host Kathy Fettke is Co-CEO of Real Wealth Network and author of the best selling “Retire Rich with Rentals.” She launched this podcast in 2003 to share her own secrets and those of top experts in the real estate investing field. She along with guests like Robert Kiyosaki, Loral Langemeier, Peter Schiff, Doug Duncan, John Burns, Bruce Norris and other rising real estate stars offer insights on the creation of passive income through real estate, and how to avoid costly mistakes. Learn how to build a portfolio outside the stock market with buy-and-hold strategies, single-family rentals, multi-family properties, syndicated deals, self-directed IRAs and 401ks, the highly-revered 1031 exchange, private money lending, creative financing, and much more!