Re: Crowd funding program for moondance villas
Quote:
Originally Posted by
Candyman
Hope it doesn't turn into another T-Water...
Candyman,
Moondance on the beach is for sale. The owner will want to present it in the best light.
T-Water is not for sale. The foreign owners are continuing to pay the land taxes so they technically dont have to do anything to the property.
The foreign owners got into a dispute with the local parish council for doing work without a permit and were told to cease the work in progress. After heated discussions, the foreign owners left the property as it was, put up the required zinc fences and left Jamaica leaving their blight on our beautiful beach to rot and decay. But since they continue to pay the required property taxes, the government's hands are tied. Legal solutions are trying to be found.
Re: Crowd funding program for moondance villas
Five hundred investors @ $10,000 US each, set up a condominium corp. Twenty units available for fifty weeks per year equates to 1,000 weeks rental availability. Each owner gets one week per year, remaining 500 open weeks rented out to defray operating expenses. What could go wrong?:confused:
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Re: Crowd funding program for moondance villas
Quote:
Originally Posted by
sunray
Five hundred investors @ $10,000 US each, set up a condominium corp. Twenty units available for fifty weeks per year equates to 1,000 weeks rental availability. Each owner gets one week per year, remaining 500 open weeks rented out to defray operating expenses. What could go wrong?:confused:
Attachment 38255
Re: Crowd funding program for moondance villas
Lots of good ideas. Accompong sounds like you have an interest. Why don't u step up and write the first check for $10,000
Re: Crowd funding program for moondance villas
In the 1980's, the prominent dentist, Dr. Munroe, built 2 blocks of apartments on land he owned. He then sold the apartments as timeshares to raise the cash to build the, then, Poinciana Beach Resort which since became Beaches Sandy Bay and is now Azul Sensatori.
Re: Crowd funding program for moondance villas
Oh, the good Ol'Days, Poinciana, Mahogany Inn, nothing on Bloody Bay, I understand evolution but just had a pleasant day dream of "remember when"
Re: Crowd funding program for moondance villas
The Mahogany Inn had a little walk up take out counter called ARAWAK FAST FOOD! Too Crazy.
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Re: Crowd funding program for moondance villas
Quote:
Originally Posted by
original spanky
Lots of good ideas. Accompong sounds like you have an interest. Why don't u step up and write the first check for $10,000
Thanks for the invite "original" spanky (and not any of the spankys who are mere imitations and thus not as pure spanky) :rolleyes:
I have money and have already invested it in Jamaica just not Negril. I have an "interest" in Jamaica already.
If you are looking for a fool who would risk his money on something as dubious as a Crowd Funding venture that has little chance (if any) to either come to fruition or eventually become a success, then you can count me out. I have managed to get my expenses in line to be able to live in Jamaica for around $600 US per month every month so this would be out of my wheelhouse of financial expertise.
How about you "original" spanky? Step up to the plate and do a cliff jump into the uncharted ocean!
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Peace and Guidance
Re: Crowd funding program for moondance villas
Hey - Let's stop breaking the brothers chops.. This is something EVERY one of us has dreamed about.. I would LOVE to have a second home in Negril - a place to retire and finish out this journey of life - and so would all of you.. Dreamers are what make the world go 'round - and dreams become reality - If this solidifies, I would DEFINITELY consider a blessing to be part of it! Just sayin'
Re: Crowd funding program for moondance villas
DaRev, there are many places for rent to choose from and the cost can be reasonable. Keep it simple, sidestep the headaches inherent in a business-by-committee, enjoy your time doing what you want to do. Begin now if you can...