Dalton Skach – Gold Gate!
In this episode of The Millionaire’s Lawyer, JP and Dalton Skach discuss:
Dalton Skach is the founder of the worlds first real estate change corporation
When purchasing “shares” you are actually purchasing months in the location and destination of your choice – be it the Hamptons in the summer, and Tokyo in the fall.
You only pay for your percentage (%) of the property tax and maintenance fees.
- If you only own 2 months, you would only pay 2/12 of the expenses.
Gold Gate releases the shares in a hierarchy – first, they look for purchasers who what 6 months, then they look for purchasers who want 3 months, and so on.
- If you purchase 3 months (“shares”), but will only be in the area for two, you can sell the other to someone else who is interested in that month.
Liquidity in your shares happens fast!
Gold Gate does have the regulations in place and generally deal with accredited investors
KYC – the regulated bank customer identity verification practices to assess and monitor customer risk
SEC – (Securities and Exchange Commission) has a three-part mission: Protect investors. Maintain fair, orderly, and efficient markets. Facilitate capital formation.
Dalton Skach is disrupting the market with his new and innovative way to do luxury real estate, and it is the perfect time to come to market especially with the rise of Airbnb like corporations.
Gold Gate issues a bill to the purchasers about 3 months before the end of the year to collect their percentage of the fees for the following year
If you list your luxury home with them it is at zero cost you the seller themselves, whereas if you go with a broker you have to pay them a percentage.
- Gold gate takes a percentage (2%) from what the purchasers spend.
It is technically an LLC that owns the property, and then each purchaser purchases a share in the LLC in which they are given a “token”, a month in the home.
Gold Gate is partnership-driven – from the brokers, lawyers, concierges, and transfer agents.
Saves people a lot of time and money in working with a brokerage, and owning a home that they only use for vacation.
Offers a credible problem to the current housing market, with the possibility of it disrupting the market and making real estate more affordable
Invest in yourself, life is short
From this episode of The Millionaires Lawyer with Dalton Skach:
- New ways of doing luxury real estate
- Worlds first real estate exchange
- Purchase shares in the form of months in the destination of your choice!