Lake houses. Idea for future is to buy one, sell six or seven shares to it to others, create an HOA'ey type thing for the one house and hire maint through some caretaker. Be the one to set it all up, overvalue your share over the others by ownership %, and get what you want, where you want, when you want while six or seven other owners help you pay for it and argue over the left over share times.
Also, may be a beach condo rather than lake house, but who knows.
why not just buy your own lake house?
to do so, I would feel like I would have to spend most weekends at it. I love the lake and all, but I am not going to do that. Kids have sports, Wildwildcat games, maintaining my non-lake house, etc. Seems silly unless I am one of those ppl that has to be on the boat every single weekend and I am not.
My idea allows you to have what you want, when you want it, and probably nicer than you could afford without such an arrangement. Also, I am a contractor. I could build it, charge the holding company full market value, and purchase my share(or at least heavily subsidize it) with the profits that would equate to my fee. I mean, this is a win/win thing as long as I could sell the remaining shares.
Also, guys, the key is to sell the shares to ppl you aren't friends or family with. Otherwise, the ppl that you would want to bring with you on your weekends wouldn't come because they have their own weekends. Also, that way you can get super mean with the other owners through the HOA if they are slacking on their responsibilities.
