Imagine a Master Bedroom, open and the freedom to move about. Two large walk-in closets, a balcony overlooking the green backyard area which has a beautiful blue pool with an attached spa, fire pit too.
Share a home with other roommates having ownership.
In this home you have rights to a Pool , Jacuzzi, Sauna, a built in Barbecue under a canopy with its own kitchenette, Pool Table, and a 35 Point Massage Chair topping it off, all sharing this living space with similar like minded people who have their own assigned room or set of rooms as their own living space and all sharing the common areas of the home.
Generally in almost all cases the Master Bedroom is the largest and will have its own private areas like a Master Bathroom and all the amenities, granite counter tops large jacuzzi tub with jets. Its own master bathroom shower area with shower jets as well.
Of course you have access to the rest of the house which is considered community zones or areas like the kitchen, the living room, entertainment areas, garages, pool & jacuzzi as well as any other areas used by anybody living in the home other than the private areas of the other tenants own assigned bedroom(s) whether it be a master bedroom or normal bedroom with or without it's own bathroom.
There is NO qualifying for a new bank loan, the buyer is solely qualified by the property owner of this project, saving time and money.
Since there is no new loan there is no down payment, zero, only an affordable purchase of a piece of the whole project.
There are no closing cost regarding a new loan, just cost pertaining to being added to the program as a party with a fractional percentage of the whole.
You are able to take your percentage of the mortgage interest deductions as well as your percentage of the property taxes paid. Mortgage principal is also reduced giving a higher equity in the property month after month.
You also get the benefit of appreciation of the property if applicable as per your percentage when the program is terminated. As a participant in the FHP Gold program, the property is protected from creditor judgments, tax liens, lawsuits, bankruptcy, probate, and legal claims of marital disputes by an ex-spouse of either party (resident or non resident).
The ability to enjoy Pride of Ownership whatever that means to you. No need to save for years just for a down payment, to then go through the trials of bank qualifying.
This is Resort Style Living.
Welcome to your new Home!
EXAMPLE: BASIC membership owns 22% Beneficial Interest : includes 190 square foot room located on the 1st floor. Great schools Nice people private Exclusive 4650 square feet of living area in total. Your bedroom space of 380 square feet makes this bedroom a delight with a beneficiary interest in the home and sharing the common areas of the home and backyard pool and BBQ.
EXAMPLE: GOLD membership with ownership of 18.2% Beneficial Interest : Your Swimming and having a great time here! Recently renovated. Enjoy the Property Tax & Mortgage Interest deductions included with membership in this room of 130 sq ft located on the 2nd floor with a home square footage of 3790 sharing the common areas of the house like this Theater room. All GOLD memberships have the opportunity to offset the monthly rent and utilities cost by having access to 4 real estate type side businesses. Any one of these businesses with 1 or 2 transactions per month will easily cover the cost and all can be operated from the comfort of your FHP GOLD membership rental.