Mammoth Lakes - Fractional / Co-Ownership
Looking for like-minded investors and outdoor enthusiasts who may be interested in co-ownership of a SFH in Mammoth Lakes. 3-4 bedroom, 2+ bath, price range up to 1.1 mil. Looking for individuals willing to invest some capital for up front renovations if needed.
We are CA natives living and working in LA. We are also out of state investors and have spent time on Bigger Pockets, actively growing our portfolio. We have a growing family that has been spending winters and summers up in the Sierras since we were kids ourselves.
A seasonal home in Mammoth is not necessarily a cash flow play but the appreciation is relatively good as the region is becoming more accessible and Mammoth Mountain is continuing to drive more corporate (unfortunately). The region really has 4 incredible seasons and is close to Yosemite and the rest of the Eastern Sierras for hiking, fishing, camping, etc.
Considering a purchase for the right property and co-ownership set up in the next 1-2 years. Still in early phases and have yet to secure an agent in the Mammoth area to discuss regulations and zoning, but have run some numbers pretty extensively.
If anyone has insight into setting up a fractional in a seasonal home region, would love to hear good outcomes and horror stories alike!