Comments on: Scotland Golf Vacations: Private Home Overlooking the Old Course for Sale

By: Craig Better

Craig Better — Tue, 03 Nov 2009 23:23:48 +0000

Wow, Marguerite. I posted this tongue-in-cheek, but now you’ve got me thinking we might have something here.

By: Marguerite

Marguerite — Tue, 03 Nov 2009 21:17:52 +0000

So here’s a plan,
Each of the 365 owners gets their one night a year with 2 bedrooms to use. Someone living nearby runs a B+B for us using the other 3 bedrooms. When we come for our 1 night, if we wish to stay longer, we pay reduced B+B rates to stay as long as we want and we can use 1 to 3 of the 5 bedrooms, paying for each. Premium rates for the rooms looking onto the 18th green and the 1st tee box. Extraordinary rates for important events. Anytime that the owners leave a bedroom free, it can be rented out as a B+B room on a first come, first served basis. I expect that there will be very few nights that all 5 bedrooms are not in use.
I figure after allowing for the B+B person, maintenance and a Property Manager, we would be looking at a profit on our original investment within 6 to 7 years. With a tidy little cash cow earning for us thereafter.
Each of the owners has the right to give, sell, bequeath, rent or loan their share
When someone kicks off, they can leave their share to anyone they want as long as the recipient signs the same partnership agreement as the rest of us. Failure to sign the agreement within 90 days results in the share being sold at auction and one half of of the auction price goes to the benificiary of the Will, the other half goes into the house operating fund.
Dying intestate means the share is treated as part of the estate and the same events take place as described above. There are 90 days to resolve the issue of ownership and sign the partners agreement. Failure to do so results in the auction with the 1/2 sale price going to the estate.
Anyway, I’m in no matter what!!

By: Craig Better

Craig Better — Wed, 21 Oct 2009 16:36:04 +0000

Mmmm. Tough to estimate. With a few hundred “partners” in the house coming and going every few days, there would be some wear and tear on the abode. Ok, let’s budget another couple thousand for fix ups.

By: Bill Gosewitz

Bill Gosewitz — Wed, 21 Oct 2009 16:33:33 +0000

definitely need to know the cost for annual maintenance – but i would be in – we would likely need to co-ordinate 2-3 day ventures every 2-3 years….would make more sense.

By: Ken

Ken — Wed, 21 Oct 2009 16:29:10 +0000

Whoa!!!. Count me in!!!

By: Craig Better

Craig Better — Wed, 21 Oct 2009 14:14:31 +0000

Beautiful! Can you feel the momentum building? Let’s do this thing!

By: Bradley H

Bradley H — Wed, 21 Oct 2009 02:30:36 +0000

Count me in too! I’ll take the Sunday of the Open Championship in 2010!

By: Craig Better

Craig Better — Wed, 21 Oct 2009 01:34:11 +0000

Awesome, Jason. Start thinking about what night you want. First in gets first pick!

By: Jason Krick

Jason Krick — Tue, 20 Oct 2009 22:16:59 +0000

I’m in. Let me know when you have the additional 363 people lined up.