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re: Hunting LLC shares for sale?

Posted on 11/1/22 at 7:37 pm to
Posted by Ben Dare
A sandy beach with cold water
Member since Nov 2012
106 posts
Posted on 11/1/22 at 7:37 pm to
If you like living in a high end neighborhood with a HOA and all the drama that ensues you may be okay. It really depends on the club but in my experience, the larger the buy in, the larger the egos and drama.

I believe the Diamond Island share referenced above has a $1500 every 3 months fee for maintenance on top of the buy in. I leased a share at an equity club in Arkansas until they had a $12k/ member assessment for a new ferry and landing. I'd ask for an accounting of all assessments over the past decade to get a feel for what you might face.
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