Arn Cenedella

Fractional Purchase of Vacation Resort property

I purchased a fractional interest in a beautiful townhouse at Old Greenwood near Truckee about 1.5 years ago.

Fractional interests are like time-shares but only better. You actually own a deeded piece of real estate. And I deduct interest and property taxes paid on this property just like my personal residence.

At Old Greenwood, owners get the use of their residences (beautiful townhomes or cabins ranging from 1200sf to over 3000sf) for three weeks per year. One week is fixed the other two are scheduled via a registration system.

I have had a great time with family and friends every time I have gone.

 Here is an analysis of the re-sale potential of fractionals compared to time shares.

 It’s a good life ! Cheers

This entry was posted on Thursday, August 16th, 2007 at 2:30 pm and is filed under Real Estate, Vacation Property. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. Daniel Giannini said at January 9th, 2008 at 6:07 am

   Fractionals are the wave of the future in gaining access to luxury assets. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the world’s first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.

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