FOR IMMEDIATE RELEASE
Ellen Paris, Lifestyle Asset Group
Lifestyle Asset Group Enters Los Cabos’ Luxury Second Home Market With Real Estate Partnership Offerings
For Sellers, Brokers, U.S. and Canadian Buyers
(Fort Collins, Colorado—July 11, 2019) Lifestyle Asset Group Lifestyle Asset Group
a rapidly growing innovative industry disruptor of luxury second home ownership recently entered Los Cabos’ luxury second home market. Lifestyle Asset Group offers a smart solution for sellers, brokers, U.S. and Canadian buyers with its real estate partnership offerings.
Lifestyle Asset Group has joined forces with Andrew Lemke, Partner at Engel & Völkers | Snell Real Estate www.snellrealestate.com. Mr. Lemke is representing the seller of Casita 382 located in the luxurious community of Villas del Mar in Cabo. This is Lifestyle Asset Group’s entry into the Cabo market.
Lifestyle Asset Group creates exclusive real estate partnerships for families to affordably own luxurious second homes in exceptional destinations. Through a proven LLC structure, Lifestyle Asset Group assembles a small group of member/investors who share equally in the purchase costs and operating costs, providing the opportunity to own and enjoy a multi-million-dollar home.
“What Lifestyle Asset Group brings to the luxury real estate market in Cabo is a true game changer. Given the requirement here in Cabo for a U.S. or Canadian buyer to purchase a second home in all cash since no traditional financing is available, that requirement keeps the vast majority of would-be buyers firmly on the sidelines,” observes Lemke. “With the innovation of Lifestyle Asset Group’s real estate partnership option, buyers can now own an interest in an extraordinary Cabo villa at a fraction of the cost and enjoy exactly the amount of time here in Cabo they seek. I believe this will open up the floodgates for would be Cabo buyers who have been waiting for something like this for years,” Lemke adds.
Richard Keith, co-founder and Senior Partner stated, “Andrew understands and appreciates our vision in bringing a smart and sensible second home partnership model to the Cabo market, a destination which presents strong potential for our business model to both sellers and especially for U.S. buyers. There is a definite lack of traditional mortgage or financing options in Cabo for U.S. and Canadian buyers that make good personal finance sense.” According to Lemke, 100% of his closings with United States and Canadian buyers are all cash which translates to a buyer putting $3,000,000 U.S dollars or more into Cabo, on average, for a property they will most likely only be using 30 to 90 days a year at best. In addition, Lifestyle Asset Group handles all management and operation of the property. A plus for owners who often live thousands of miles away.
When looking at Casita 382 as a real-time Lifestyle Asset Group example, if purchased traditionally through single ownership, the buyer would pay $4,250,000 – all cash. To own this villa through Lifestyle Asset Group’s partnership offerings the price point is around $450,000, which carves out a 10% ownership interest providing each LLC partner with around 28-35 days of annual use.
Each Lifestyle Asset Group LLC has a defined exit strategy in 6 to 8 years, wherein the property is sold, the initial capital investment capital is returned, and appreciation shared. Lifestyle Asset Group has assets currently being offered from Maui to Aspen to St. John USVI and other luxury vacation destinations throughout the United States and the Caribbean.
About Lifestyle Asset Group
Since 2013 Lifestyle Asset Group has created exclusive real estate partnerships for families to affordably own distinctive properties in exceptional destinations and cherish transcendent experiences together.
Lifestyle Asset Group has developed a game-changing second home solution offering transparent and genuine investment opportunity. Under a limited liability company (LLC), a small select group of investors come together to collectively own and enjoy a luxury property debt-free. Each LLC has a defined exit strategy in 6 to 8 years, wherein the property is sold, the initial capital investment capital is returned, and appreciation shared.
Lifestyle Asset Group currently has 85 shareholders and more than $70 million in assets currently being offered. https://lifestyleassetgroup.com/