Originally Posted by
crazyhorse
On a side note - has anyone evaluated the financials for these types of developments? On the face of it, it sounds nice to own a piece of Grand Cayman but after sharing ~50% of the rental revenue with the developer/management company, I wonder if the resulting revenue would even cover the mortgage, expenses, etc. A few blocks down the street there is a Hilton Curio Collection also raising money by selling the units
Investment can be tricky, so you really need to know what you are purchasing. Gone are the days of purchasing a resort property in Vail or Arizona with the hope of having renters pay off your mortgage, with little to nothing out fo your pocket. One thing you really need to watch are the association/management fees, and capital assessments. Who decides? Is there a board of owners, or does the developer decide?