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Registered
Join Date: Sep 2015
Location: NY
Posts: 6,960
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Condotels
Apart from the 40% nut as a buyin, the you are at the mercy of the management company, and the ferocious depreciation if the complex is not maintained, are there any pros and cons I should be aware of?
Are there any advantages to running it as an S or C corp. Disclosure - I'm on vacation, the rum was flowing, and I saw the top line price of where we are. I may be less enthusiastic tomorrow when the hangover hits... |
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08-28-2017, 06:09 PM
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,219
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It sounds like one of those resorts with more financial responsibility.
__________________
Steve '08 Boxster RS60 Spyder #0099/1960 - never named a car before, but this is Charlotte. '88 targa  SOLD 2004 - gone but not forgotten
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08-28-2017, 06:12 PM
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Registered
Join Date: Sep 2015
Location: NY
Posts: 6,960
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It's a timeshare for those who don't like to share.
If you aren't familiar with them you won't be much help. |
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08-28-2017, 06:19 PM
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