PANAMA CITY BEACH, Fla. (PRWEB)
May 16, 2022
Vacation Wealth Partners has been among the pioneers of vacation rental investing since 2017, allowing partners on a large scale to invest in fractional ownership of vacation rental properties. To date the group has exclusively acquired investment properties in the United States, but as of today Stephan Piscano, CEO of Vacation Wealth Partners has announced the global initiative to begin acquiring high-end luxury homes, and villas on an international level. “We have had great demand within our membership base for years to expand internationally, and the timing is finally perfect to make that dream a reality, and develop our international properties division.” Piscano said.
What makes the Vacation Wealth Partners model so unique is that partners not only are acquiring ownership in the assets, and an investment return, but each partner gets annual usage at the property they are a partner in.
“We like to think of ourselves as the opposite of a time share to some extent. With a timeshare you have an initial cost, and then pay massive annual maintenance fees that you have no control of. With VWP, you make that initial investment, the property pays you revenue on an annual and/or monthly basis, and you still get annual use at a property you now own. The idea being to have like-minded partners not only making money together, but creating memories together as well and acquiring luxury assets we would never be able to acquire on our own.” Explains Piscano.
While 2020 had it’s share of scary times with Vacation rentals at one point being illegal to operate during the pandemic, 2021 showed record setting rental revenue, and this newfound additional stability combined with buying opportunities being created by international fluctuation all came together to make the timing right to expand in to additional markets.
The 1st location being targeted is the country of Panama, where extensive research has already begun. Vacation Wealth Partners hopes to expand in to additional markets in 2022 and 2023 as well after proving the concept has merit.
To inquire about joining a specific property partnership please visit the Vacation Wealth Partners YouTube channel for details on existing partnership opportunities.
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