James Branca got into the real estate business about three years after he graduated from Hunter College with a degree in Sociology. He started with a series of projects in New York City in the late 1980s. In 1995 he branched out and began investing in projects in the Hamptons on Long Island, New York, New York, and has been operating there ever since.
All real estate investing is risky, and he has learned from experience to be cautious in taking on a new project. Real estate developments, private real estate funds, fixer uppers and so on al have much higher risk profiles than do investments in an established cash flow investment property. Any number of things might go with with the property, and in an instant your investment may be lost. Many cautious investors are content to take fee simple title in their own names.
One type of shared ownership is known as Tenancy in Common. This is where two or more owners each have a share in a property. Unlike joint tenancy, where the property is shared fifty-fifty, Tenancy in Common shares can be of unequal size, and can be transferred to other owners during life or through a will. Even when the owners have unequal shares of a property, though, each one have a right to occupy and use all of the property.
Since he began operating in the Hamptons twenty years ago, James Branca has completed more than two dozen real estate projects and is active to this day.
Sources:
https://www.law.cornell.edu/wex/tenancy_in_common
http://www.investopedia.com/terms/t/tenancy_in_common.asp
All real estate investing is risky, and he has learned from experience to be cautious in taking on a new project. Real estate developments, private real estate funds, fixer uppers and so on al have much higher risk profiles than do investments in an established cash flow investment property. Any number of things might go with with the property, and in an instant your investment may be lost. Many cautious investors are content to take fee simple title in their own names.
One type of shared ownership is known as Tenancy in Common. This is where two or more owners each have a share in a property. Unlike joint tenancy, where the property is shared fifty-fifty, Tenancy in Common shares can be of unequal size, and can be transferred to other owners during life or through a will. Even when the owners have unequal shares of a property, though, each one have a right to occupy and use all of the property.
Since he began operating in the Hamptons twenty years ago, James Branca has completed more than two dozen real estate projects and is active to this day.
Sources:
https://www.law.cornell.edu/wex/tenancy_in_common
http://www.investopedia.com/terms/t/tenancy_in_common.asp
