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11-12-2007, 09:36 PM
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| Administrator  Join Date: Oct 2007 Location: USA
Posts: 1,344
Club: DC4MS.com |  M Private Residences in Barbados M Private Residences in Barbados http://www.barbadosbarbados.com/M-Private-Residences.cfm It isn’t surprising that many of our clients often express the desire to make Barbados their home away from home. It is a truly enchanting island of diverse beauty, with friendly people who enjoy a laid back lifestyle, and there are good communication links to the rest of the world. Those dreams can be quickly dashed, however, as the reality of a two bedroom ocean front condo along Barbados' West Coast nears the US$2 million dollar and up price range.  But savvy affluent individuals and families are discovering the far reaching economic benefits of becoming members in one of the fastest growing segments of the luxury travel market – the Equity Destination Club or fractional real estate ownership. It is the same concept employed by Warren Buffett and NETJETS, the wholly owned aircraft fractional ownership subsidiary of Berkshire Hathaway Inc. When Warren Buffett, perhaps the greatest investor of all time, endorses the concept of fractional ownership, it is a wise investment move to sit up and take notice.  M Private Residences members actually collectively own an equity share of bricks and mortar in a luxury portfolio of fourteen (and growing) vacation residences in the US$2-$3 million range in locations worldwide. M Private Residences shareholders currently own a magnificent cliffside property here in Barbados at The Crane, once Rich and Famously referred to as one of the World’s top ten beaches. A West Coast residence is currently in negotiation. Fractional ownership with M Private Residences allows its members all of the benefits of owning a multi-million dollar luxury vacation home without the hassles and expenses of property maintenance, repairs and fixed operational costs. Further, its members are not saddled with the obligation that comes with individual ownership. And the value added 24/7 World Class concierge services available through a professional team of on the ground local hosts gives members an unequaled and seamless destination experience.  From a purely financial perspective, the cost of membership in M Private Residences is far less expensive and infinitely less complicated than the traditional property purchase in Barbados. The math is quite simple: As an example, transaction costs in Barbados can run as high as 13% of the purchase price, notwithstanding the ancillary fees associated with the often used method of purchasing property via the creation of an offshore company. While perfunctory, any non-Barbados resident must seek Central Bank approval and declare the source of funding for the purchase."Island time" liquidity and subsequent repatriation of the proceeds can be a troubling issue if not planned for years in advance. The cost of maintenance, repairs, utilities, taxes, and staff wages on a second home here can run US$50,000 a year on a US$2 million property.  The initial capitalization and annual dues for an M Private Residence membership are dramatically less than the outright purchase and annual operating cost of owning a second vacation home. M Private Residences will facilitate the sale of registered shares to the third newest share subscriber at current market prices less a transfer fee. The real bonus comes in the flexibility to have access to their other luxury properties in stunning locations around the World. All for hundreds of thousands less than the price of one Barbados property!  We invite you to contact us with any questions you may have about the M Private Residences concept, or please click on the banner above to visit the M Private Residences web site directly. Property visits by appointment only. |
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