|Initial Capital Contribution (range)||$476,000 - $1,250,000|
|Annual Dues (range)||$0 - $25,000|
|# of homes||8|
|# of locations||4|
|Average Value||$1.0m - $5.0m|
|Investors per Home||4|
|Number of investors||NA|
|% Homes owned||100%|
If you're seriously considering joining a destination club or residence fund then download "Destination Clubs: A Guide for Prospective Members". We do ask you to register prior to downloading it. The Guide will give you an in-depth view of the different funds and clubs including their homes, services and questions to consider prior to joining.
GoForth gathers together groups of four individuals or families who collectively co-own a vacation home. The four individuals or families are the sole owners of the LLC that owns the home. So, in addition to enjoying the homes for their vacations, the investors can also benefit if the value of the homes increases.
With just four owners it means that each family can potentially have 12 weeks (84 nights) of vacation time each year. Owners can also exchange for nights in other homes, enabling them to enjoy a variety of locations, or can place unused nights in the rental pool with proceeds offsetting annual shared costs, which could result in free vacations every year.
This model enables each owner to choose specific weeks, or potentially months, each year that they use the home.
GoForth handles the acquisition, home set-up, legal, accounting, and property management. This includes ensuring the home is furnished to high-end standards, owner’s closets are set up for personal storage, along with electronics, games, and daily items needed for a fun vacation.
GoForth recommends that each owner group sets a 10-year period to own and enjoy their home. However, owners may decide by a majority vote to sell the home at any time.
The founders and management team of GoForth has a long history in shared luxury home ownership and usage.