Lifestyle Asset Group (LAG) was honored to recently be featured in an article published by Forbes highlighting LAG’s innovative ownership model and investment structure. The article breaks down the Collective Asset Ownership model, how LAG creates true investment partnerships, and the numerous benefits that LLC owners can enjoy both financially and personally.
Minimal Investment -- Life Changing Returns
This year is prime time to invest in a luxury vacation home, according to top luxury real estate experts. Here’s what they’re saying and three reasons why shared ownership is your best option for investing in a luxury second home.
LifestyleOne LLC, our portfolio offering consisting of six luxury residences in six unique world class destinations, is the perfect second home solution for those with a sense of wanderlust, enjoying travel to a variety of destinations all while being invested in a real estate portfolio that is diversified. But it is undeniable to us, from literally hundreds and hundreds of discussions with people that considered LifestyleOne, that there is a voracious appetite for a shared luxury real estate ownership model that involves a single, remarkable residence located in their absolute favorite location. As you would expect, the variety of favorite destinations vary widely but included those coveted locations that often are cited as the top vacation destinations year after year: Hawaii, Cabo, Carmel, Lake Tahoe, Gulf Coast of Florida, Vail/Beaver Creek, Colorado, Napa/Sonoma, CA, NYC, Sea Island, GA, just to name a few.
With this benefit of meaningful insight from keenly interested vacation home buyers, we responded to this "favorite destination" appetite and created our debut product for a Single Destination LLC located in the charming and beautiful beach community of WaterColor, Florida.
In the latest Ragatz and Associates Annual Report, which analyzes data on the Fractional and Private Residence Club sectors, there are a number of data points offered and most of it does not need any real interpretation. However, there is one very significant point made in the report that begs for some discussion, as the statistics are startling. In particular:
In recent years, there have been many “game changers”in the world, defined by people or companies who are reinventing and revolutionizing long established beliefs and practices in certain industries. As an example,the introduction of automobile leasing changed how automobiles were acquired. Prior to the 1980’s, 100% of all automobile transactions were purchases. 100%! Today, nearly 40% of new automobile transactions are leased. A simple, yet great example of a "game changer”.
Why choose? You can have both a return on investment and a return on enjoyment with Lifestyle Asset Group
A breed of vacation home ownership is once again gaining steam that allows individuals to share ownership of a vacation property. Think of it like this: A whole pie may look delicious, but it doesn’t make financial sense to buy the entire dessert if you are just having a few bites. However, if you split the cost among several buyers and ensure that everyone gets a slice, then the purchase makes sense.
When it comes to real estate investing, two key factors lead to success: finding the right location and timing the market.
Lifestyle Asset group got both right with the NYC acquisition for their LifestyleOne shareholders. After months of searching, the team toured 14 apartments in NYC and rejected every one due to lack of charm, undesirable location, and many other factors. Then, in October of 2104, they found the perfect apartment in the right location and knew the time was right to buy. And good thing, because after our full price, all-cash offer was accepted, four other offers came in within the next 24 hours. This decision proved to be a very good one, as evidenced by the increases in the Manhattan real estate market in 2015.