Shared Ownership: What are the pros and cons?
954579
When I lived in Brancaster (a small village in Norfolk) the housing association built some "affordable" housing under the Shared Ownership scheme.  \n\nWhen I looked into it a bit further I wasn't impressed.  The idea was you bought a share of the house and rented the remainder from the Housing Association - not a bad idea really but then I found out that you are responsible 100% for any repairs that occur.  Not only that but the most you could own was 80% of the house and if you wanted to sell it on you had to find a buyer willing to take on the same committment.\n\nIn the end I decided to just rent.  There is always a risk that you could have your lease terminated but if there was a major repair to be done at least you are not responsible for it!!\n\nHope this helps!
646983
Unless you will be trading on behalf of others you do not require the double protection of two entities. An S-Corporation to pass the gains and losses directly to yourself would be fine and you would be shielded from liability. If you want a separate tax vehicle, a standard C-Corporation or LLC will suffice.
321973
Yeah, if the current outlay is greater than the PV of the future benefits, there's no point in doing the project.  Also, if you don't have enough money to pay the current outlay, then you can't do the project either.
697101
From the source below:\n\nis generally applied any time two or more persons, who are not husband and wife, are entitled to the possession and use of the same property. The owners may own unequal interests (shares) and may have received their interests at different times and through different means (grant, deed, inheritance, will, etc.). The important distinction between tenancy in common and other types of co-ownership is that, upon death, each owner's interest passes to his heirs or those named in his will. There is no right of survivorship which transfers the decedent's interest to the other co-owners.
449819
Depends on the information.\n\nMartha Stewart's stockbroker got in trouble by sharing information.
1136364
Consult with your lawyer or accountant. It depends on your personal situation and how much investment property you own or plan to purchase. There are tax consequences (your accountant can delineate the advantages and disadvantages of putting your investment property into an IRA or a trust or an LLC or keeping it owned by you individually). There are also consequences for your heirs (your lawyer can advise you on this). Laws vary from state to state on this.
838681
Depends on a few factors. \n\nHow often are you able to travel in the location of your time share?\n\nDo you have the time, ability and money to make your time share worth the investment?\n\nWhat are the rules and regulations the particular time share company you are interested in lays down? Are there restrictions that inhibit your ability to use it as often as one would like? Do they have a functional system that gives the renter leeway and prevents them from wasting money on the time share?\n\nResearch all of these things and more. be honest with yourself and do not fantasize about what you would like to do actually sit down and figure out what you CAN do. ask yourself questions like  "is this time share worth my money?" Will I really be capable of making it out here as often as I would like?" "Is this company realistic in their expectations of me or are they a scam?"\n\nIf you play your cards right you will find a time share that is perfect for your situation it just takes a little research. Enjoy yourself!
998336
only if you share with someone else
951877
Depends entirely how title is held   Tenants in Common, Joint Tenancy w/ Right of Survivorship, etc.....
766095
I like the idea.  It might be better to have the contributions be like ownig shares and having everyone be some sort of corporate officer.  That way - all your donors can write off their expenses and you can still accomplish your mission.\nAlso if anything goes wrong - you can declare Bankruptcy and get a huge government bailout (like Delta does for 25 years) or Enron or Worldcom.
403439
WHY ? DO YOU WANT TO OWN IT?
1076118
I work for a firm like that.  Yes you share in the profits in the form of fees.  Fees for locating, selling, fixing etc.  Basically, learn the abc's of real estate which are locating as-is deals, valuation, and repair estimation.  Locating as-is deals are pretty easy.  Valuation requires knowing what other properties have SOLD for in the area, so befriend a Realtor (or get your license in a weekend).  Estimating repairs takes experience so befriend a good contractor.  Then approach Homevestors for starters as these guys do pay.  As you gain experience, private investors will be begging for your services.
310276
I have owned both.\n\nMy first home was a condo in Ca.  It was less expensive then a single family residence and I was able to purchase it for less down and ability to qualify.  It gave me time to gain equity through appreciation, ultimately sell to purchase a single family residence.\n\nThe con side would be lack of control.  The homeowners dues increased.  A vote was taken on a special assessment I did not agree with but had to pay anyway.  Noisy neighbors & a legal battle with the developer which was very costly to every owner in the project.\n\nThe positive side as stated above was the ability to get a start.\n\nThe positive side of owning a single family residence is pretty obvious. Complete ownership of both land and home.(with a condo you own your unit and a % of the common areas)\nAbility to landscape using your own creativity.  Unless there are master CC&R's for the neighborhood you have control about exterior color. And typically a single family residence will appreciate at a faster pace than a condominium.  Plus more privacy from neighbors.\n\nThe con side would be constant yard maintance. Yes, that too can grow old.  Responsible for exterior dweling maintance(roof,paint,etc).  Basically responsible for everything having to do with homeownership.  No short cuts here.
215744
Both. \n\nYou have to pay the owners of the company or you would have no one founding companies. You have to share the profits with the employees, or you would have no work force. You have to provide value to the customer, or you will have no customers.\n\nSeems to me that when the owner, employees, and customers are all doing well on your products and services, then you are making money AND serving the public good.
893319
A joint, or jointly owned account.
344510
Cons-Shady companies reporting 'fake' earnings to boost their value.\n\nPros-As an investor, it would surely set my mind at ease.
648846
the pros is that you can have the furniture at a low price making payments and take it home with you that day, as long as you don't miss a payment every week or month, the cons is that by the time you pay off the furniture you could have saved your money and bought three times as much furniture and its all yours, no payments and no repossessions....