Want to buy a vacation rental property? Just think of it. Having your little spot of luxury that you could use or rent out to make some passive income. The problem? With high home prices, vacation rentals are becoming more and more expensive. And if you don’t have millions of dollars to drop on your dream property, you might think you’re completely out of luck. But, thanks to some real estate investing ingenuity, there’s now a new option to buy a vacation rental for cheaper than ever before. And no, we’re NOT talking about timeshares.
Jeff Lyman, Co-Founder of Ember, has been revolutionizing how people find and invest in vacation homes. Through a fractional ownership system, Ember lets you co-own a vacation rental anywhere so you can surf in Southern California, ski in Utah, or snorkel along the coast of Florida. But this isn’t just an option for residential homebuyers. You can rent out your timed portion of the property nightly, allowing you to lock in the high revenue of a five-star short-term rental. Even better, you can finance your share of the property too!
If you’re a new investor who doesn’t have a ton of money or experience, this strategy of co-ownership could be the perfect chance for you to get into a traditionally high-priced industry. In this video, we’ll get into EXACTLY how you can get your piece of the vacation rental pie!
00:00 Co-Ownership Explained 03:16 A "Turnkey" Vacation Home 04:40 The "Anchor" Ownership Model 08:56 NOT a Timeshare 10:50 Financing Your "Share" of the Home 12:00 Ember vs. Pacaso 13:43 New Shared Rental Regulations? 19:19 Ready to Get a Piece of Paradise?
