Special update on the first fractional ownership at YokoVillage.
The co-owners decided not to build a new villa at lot #4 but instead to acquire villa #1, which means they can stay in the house starting next month and for Yoko Connect this January 30.
A few more interesting changes we’ve made:
- Legal work updates. Including our self-use clause that will give co-investors more days to stay at the villa free of charge and with additional discounts.
- There is no wait time. The villa will generate rental revenue as of next month.
- This is possible quickly because Yoko will retain a larger ownership until more investors join. This also means that the villa still needs to be transferred to the JV. However, the co-investors/JV legally get exclusive usage rights and profit sharing.
- Property management agreement and integration to the property management software are all sorted out.
- Furniture is being purchased as of now.
- As of today, $550K has been deposited in the JV’s account. $50K is committed, and we are seeking $250K more.
- Minimum ticket is now raised to $100k.
We’ll soon be sending pictures of the furnished villa.
Follow our events on our Facebook and Instagram pages to stay updated on what we do in the community. As always, reach out to us if you have any questions or want to schedule a call with us. Stay tuned for more exciting developments happening at Yoko Village!