What is fractional property ownership?
Fractional ownership is not a new concept, nor is it difficult to understand. An example of this concept would be akin to you and a group of your friends going out for dinner together and then dividing the dinner check up equally amongst yourselves.
Simply stated fractional ownership is the division of any asset into portions or shares. In the case of a real estate asset, Graatify LLC will create a separate LLC entity which owns the property thereby allowing multiple owners or investors to own shares in the company. Those shares can then be purchased and owned by more than one individual. The three biggest benefits in taking this approach are to allow transfer of shares without the need to reflect changes on the title or deed to the property, to provide owners with liability protection and for tax benefits.
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