|Initial Capital Contribution (range)||$395,000 - $1,1950,000|
|Annual Dues (range)||$0 - $45,000|
|% Membership Refundable||Equity|
|Refund Basis||1 in 1 out|
|# of homes||5|
|# of locations||5|
|Average Value||$1.0m - $6.0m|
|Investors per Home||4.2:1|
|Number of investors||NA|
|% Homes owned||100%|
If you're seriously considering joining a destination club or residence fund then download "Destination Clubs: A Guide for Prospective Members". We do ask you to register prior to downloading it. The Guide will give you an in-depth view of the different funds and clubs including their homes, services and questions to consider prior to joining.
My 5 Homes gathers together groups of 21 individuals/families who collectively invest in 5 vacation homes - referred to as a "Homeset". The 21 individuals/families are owners of the company that owns the 5 homes. So, in addition to enjoying the homes for their vacations, the investors can also benefit if the value of the homes increases.
With just 21 members for 5 homes, it means that each family can potentially have 12 weeks (84 nights) of vacation time each year. Owners can also exchange for nights in other Homesets, enabling them to enjoy a variety of homes.
This model is closer to second home ownership, as each owner will have their primary vacation home where they can store personal belongings and potentially have their favorite week or weeks (including holidays) every year.
Each homeset has a unique theme such as:
- City, Beach, Ski
- All Beach Condos
- Outdoor Adventure, and more
If owners don’t use any of their 84 nights, they will automatically be placed in the rental pool with proceeds offsetting annual shared costs, which could result in free vacations every year.
The founder and management team of My 5 Homes has a long history in shared luxury home ownership and usage.