Puerto Vallarta Fractional Property Ownership Revealed: Interview with Nik Valcic of Coldwell Banker

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Puerto Vallarta Fractional Property Ownership Revealed: Interview with Nik Valcic of Coldwell Banker

Рет қаралды 862

Күн бұрын

For more information:
Email: garyshirkcb@gmail.com
Join me, as I interview Nick Valcic from Coldwell Banker about an exciting investment opportunity in Puerto Vallarta. We're discussing fractional ownership at the One Beach Street condo development, located in the Zona Romantica area of beautiful Puerto Vallarta, Mexico. With prices starting at just $20,000 USD, fractional ownership allows you to own a real estate asset without the high upfront cost.
The building offers stunning views and amenities like a pool and gym. Plus, the location is unbeatable, just blocks away from restaurants, clubs, theaters, and the beach.
Here's a recent video I did with additional information and examples covering Fractional Ownership at One Beach Street: • Puerto Vallarta: Fract...
Don't miss this chance to invest in paradise. Enjoy :)
🎬 Check Out My other Fractional Investment Video:
• Puerto Vallarta: Fract...
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Please note that availability, pricing and fees such as monthly HOA shown in the video are subject to change.
The content provided in this video is for informational purposes only and should not be taken as investment advice. Investing involves risks, and it is important to conduct thorough research and seek professional guidance before making any investment decisions. The content presented here is based on the available information at the time of the video, and market conditions may have changed since then. The views and opinions expressed in this video are those of the speaker and do not necessarily reflect the official policies or positions of any organization. Always exercise caution and consider your individual financial goals and risk tolerance before making any investment choices.
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NOTE: INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE
The creator of this content is not a CPA, attorney, insurance agent, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction or financial advice. DO NOT make buying or selling decisions based on this content. Tax laws and immigration/residency policies in Mexico are subject to change and should be discussed with a qualified Mexican accountant. Always work with local experts when considering a foreign property investment. Any use of other media is by fair-use only.
#FractionalOwnership #InvestmentOpportunity #RealEstate #PuertoVallarta #ZonaRomantica #PropertyInvestment #LuxuryLiving #BeachLife #Interview #travelvlog #airbnb #vrbo #puertovallarta #romanticzone

Пікірлер: 17

@GaryShirkPV Жыл бұрын

Link to the latest One Beach Street information, availability & pricing: 22010288.hs-sites.com/onebeachst

@helderdacosta5451 Жыл бұрын

what happens when a fridge, stove, tv, etc needs to be replaced ? Who picks what make of appliance, how pays for the appliance? This questions applies at all furniture

@GaryShirkPV Жыл бұрын

Contents of One Beach Street condo units are covered by your monthly HOA payment. So for example, say you owned the fractional months of March and April in a unit, you would owe 2 months of HOA payments per year. Your HOA payment along with the other fractional owners in your unit pays for your common area amenities, property tax, cleaning in between rental stays, checkin & checkout, utilities, contents of the units that need replacement, as well as other items. For investors, One Beach Street is a completely turn-key purchase. For a full list of what the HOA covers, please send me an email at gary.shirk@cblacosta.com

@kathywillits351 4 ай бұрын

What are the dates for OBS Fraction 8?

@dovygoodguy1296 Жыл бұрын

This is very interesting, but could you clarify exactly how time sharing differs from fractional ownership?

@GaryShirkPV Жыл бұрын

Thanks for your comment. Your question is an important point that needs emphasizing, this is not a time share. Firstly, as a real estate agency Coldwell Banker does not sell time shares. Unlike a timeshare, when you buy at One Beach you are purchasing a deeded portion of the property, much like if you and your brother or cousins were to buy a boat or aircraft (or condo). Each of you are listed on the deed and it never expires. Unlike a timeshare, your fractional portion of the property is a real estate asset that you own. You can lease it, and you can sell it at anytime. You can also name a beneficiary and bequeath your portion to your heirs. When that person inherits the portion, it is theirs for life or until they choose to sell it. Timeshares have none of these characteristics. Also critical to note is that this property will continue to appreciate in value (as per local market conditions), something that timeshares do not do. You can also choose to sell your portion at any time and enjoy the profits from the increased equity. Please feel free to reach out if you have additional quiestions.

@dovygoodguy1296 Жыл бұрын

@@GaryShirkPV So in timesharing you don't own anything of value, the property is owned by someone else. All you own is say a month's access every year, sort of like a guarantee of one month's renting? But in both cases neither the time share owner nor the fractional owner has alot of responsibilities, correct?

@GaryShirkPV Жыл бұрын

@@dovygoodguy1296 Yes, that's correct, and you make a very good point. Unlike a timeshare, fractional investing gives you all the advantages of ownership, but lessens the responsibilities and expenses you would have if you owned the entire condo. Additionally, in One Beach Street, your HOA fee will cover many expenses that owners are normally responsible for: Utility bills including electric, internet, property tax, common area upkeep, cleaning service, checkin/checkout of guests, and unit upkeep to name many of the items that are covered

@nikvalcic1875 Жыл бұрын

@@dovygoodguy1296 This is Nik, Gary's colleague, yes you are correct. In this particular fractional everything is covered and you don't have almost any responsibilities.

@Victoria-cq8tz Жыл бұрын

Based on some previous comments, it seems that ownership applies to the specific time period of the year, e.g. Apr 1 - Apr 30. Is this correct?

@GaryShirkPV Жыл бұрын

Yes, roughly, the fractions are divided into months. Specifically there are 13 fractions, each is 28 days long. Let me know if you’d like us to send you all of the available fractions and their associated price

@Victoria-cq8tz Жыл бұрын

@@GaryShirkPV Yes, please.

@GaryShirkPV Жыл бұрын

@@Victoria-cq8tz Perfect. I will send. Could you send an email to gary.shirk@cblacosta.com or WhatsApp/Text: +52 322 172 3508

@hunterfitch5951 Жыл бұрын

A lot of the reviews of One Beach Street mention it's a bit dated and needing updating. Are there any plans for this? Would owners be hit with a fee for this?

@nikvalcic1875 Жыл бұрын

Thanks for your question. Yes a scheduled update of appliances and kitchens is scheduled for next year. Repainting of the building is scheduled for as soon as the rains stop.

@hunterfitch5951 Жыл бұрын

@@nikvalcic1875 Will this be an additional fee for owners or the Association has saved the funds to do it? How would they choose the timing of, for instance, a kitchen renovation? Obviously that would have the potential to hurt whomever owns the time-frame when renovations are being done. Thank you in advance.

@nikvalcic1875 Жыл бұрын

@@hunterfitch5951 There is no additional fee scheduled for this update. The reno´s would be timed so that the work was done when no rental was scheduled.