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Own Your Dream Home

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What is Quad Ownership?

“A one-fourth undivided interest in property
held exclusively by a North Carolina Limited
Liability Company having the right of use and
enjoyment of the same for a period of thirteen
(13) weeks with a progressive rotation each
year.”
There are
350 Oceanfront & 438
Oceanside
Homes on MLS from
Corolla to Hatteras
Oceanfront
Kitty Hawk to Corolla
46 Oceanfront homes that are 2.5 Million Dollar or Higher
109 Oceanfront from 1 to 1.9 Million

Kill Devil Hills & Nags Head
20 Oceanfront homes 2 Million Dollars or Higher
82 Oceanfront from 750,000 to 1.9 Million

Rodanthe to Hatteras
6 Oceanfront Homes 2 Million Dollars or Higher
87 Oceanfront from 500,000 to 1.9 Million
Oceanside
Kitty Hawk to Corolla
5 Homes from 4 to 5.5 Million
20 Homes from 3 to 3.9 Million
60 Homes from 2 to 2.9 Million
165 Homes from 1 to 1.9 Million

Kill Devil Hills & Nags Head
5 Homes from 3 to 4.6 Million
14 Homes from 2 to 2.9 Million
38 Homes from 1 to 1.9 Million

Rodanthe to Hatteras
6 Homes from 2 to 2.9 Million
61 Homes from 1 to 1.9 Million from
64 Homes from 750,000 to 999,000
500,000 west side

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2,000,000.00 Oceanfront

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Instead of owning a 500,000.00 home on
the west side, you can own a 2,000,000.00
Oceanfront.

2,000,000.00 Oceanfront 500,000.00 West side

Which house DO YOU
want?
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Why ?
• Asset Protection through Limited Liability Company at no expense to
buyer

• Greater Investment Potential
• Instead of owning a 500,000.00 home on the west side, you can own a
¼ interest in a 2,000,000.00 Oceanfront.

• Potential Benefits from Inheritance and Estate Tax reductions
• Shared maintenance, property tax and insurance expenses
• Inherent market for re-sales or purchases of additional interests with
“buy sell agreements” and “first rights of refusal” within operating
agreement of LLC

• Exit strategy for Sellers who are unable to carry the entire Financial
burden of ownership but wish to retain an ownership and possessory
interest in their property
Your Home

Owners
John & Martha
Mauney
The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
Title Transfer
and Refinance with First South
Bank

John & Martha
Mauney

OBX, LLC (Parent LLC)
“Members John & Martha Mauney”
No Transfer Tax
The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
Registration
The Parent LLC shall serve as the “Developer” of the Quad
Ownership Project. The Parent LLC shall make written application for the
registration of the Quad Ownership Project pursuant to §NCGS 93(A)-52

Pursuant to §NCGS 93(A)-41(9) Quad Ownership, at the inception
of the program, shall be defined as a “Time Share” requiring registration.

Pursuant to §NCGS 93(A)-52(a) After the sale of all four Quad
Ownership Interests by the Parent LLC and certification to the
commission of the termination of further interest the certificate of
registration shall be cancelled.

Pursuant to §NCGS 93(A)-40 only licensed North Carolina Real
Estate Brokers may engage in the sale of a Quad.
Pursuant to §NCGS 93(A)-44 the Parent LLC shall make full disclosures in a
public offering statement of the following matters:

1. Sales Price of Quad interest
Closing Costs
Reserve estimates
Property management fees
Historical data pertaining to fixed costs

9. The identity of the Property Manager for the Parent LLC who may have
authority to alter the terms and conditions of the aforementioned fees which
may be imposed.

11. The terms and duration of the contract between the Parent LLC and the
Property Manager.

13. The transfer by deed of fee simple marketable title.

15. The rights of purchasers to cancel contracts within five (5) days of execution.

17. Notice of recordation of a General Warranty Deed in the Register of Deeds.
Second Transfer of Title
OBX

1 2 3 4

“First South Bank provides pre-approved transfers with release
provisions”

OBX, LLC transfers by deed a ¼ interest to OBX 1, LLC Mauney have
100% membership interest in both OBX, LLC and OBX 1, LLC with no
transfer tax

OBX, LLC transfers by deed a ¼ interest to OBX 2, LLC Mauney have
100% membership interest in both OBX, LLC and OBX 2, LLC with no
transfer tax

OBX, LLC transfers by deed a ¼ interest to OBX 3, LLC Mauney have
100% membership interest in both OBX, LLC and OBX 3, LLC with no
transfer tax

OBX, LLC transfers by deed a ¼ interest to OBX 4, LLC Mauney have
100% membership
The recipient interest
of this information acknowledges in both
the proprietary OBX,
interests of the law LLC and
firm of John OBX
A. Mauney 4, toLLC
and agrees with
refrain from any no
dissemination of this material.
transfer tax
Property
Listed

A One-Fourth Undivided Interest in Land & Home
Is Listed by LLC with Realtor and Listed in MLS

“Offer of Sale and Purchase is conditioned upon both
parties participation in a tax advantaged sale through
conveyance of membership interests in a North Carolina
Limited Liability Company”

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
Offer to Purchase
Accepted
We now have our first contract
Purchaser is provided with full disclosure of
Quad-ownership rules and regulations identifying weeks
allocated for purchasers occupancy through
membership ownership in OBX 1, LLC

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
OBX 1, LLC
John & Martha
Mauney OBX 2, LLC
John and
Martha
Transfer Membership Interest Mauney
OBX 3, LLC
John and
Martha
Jones Mauney
Transfer Membership Interest
OBX 4, LLC
John and
Martha
Transfer Membership Interest Mauney
Midgett

Transfer Membership Interest
Basnight

Cahoon

When The Mauneys’ transfer membership interests to The Buyers it avoids
Land Transfer Tax

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
First South Bank
 Established loan program designed for LLC
and pre-arranged release provisions

 FSB lends to OBX 1, LLC and receives first
mortgage on ¼ undivided interest in real
property

 Members of LLC are Guarantors for Loan

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any
dissemination of this material.
Blue – OBX 1, LLC / Greem – OBX 2, LLC / Purple– OBX 3, LLC / Red –
OBX 4, LLC
WEEK 1 Dec.31,06 - Jan.07 Dec. 30, 07 - Jan.06, 08 Dec. 28,08 – Jan.04,09
WEEK 2 01-07-06 –01-14 -07 January 6 - 13, 2008 January 4 - 11, 2009
WEEK 3 January 14 - 21, 2007 January 13 - 20, 2008 January 11 - 18, 2009

WEEK 4 January 21 - 28, 2007 January 20 - 27, 2008 January 18 - 25, 2008
WEEK 5 January 28 - February 4, 2007 January 27 - February 3, 2008 January 25 - 31, 2009

WEEK 6 February 4 - 11, 2007 February 3 - 10, 2008 February 1 - 8, 2009

WEEK 7 February 11 - 18, 2007 February 10 - 17, 2008 February 8 - 15, 2009

WEEK 8 February 18 - 25, 2007 February 17 - 24, 2008 February 15 - 22, 2009

WEEK 9 February 25 - March 4, 2007 February 24 - March 3, 2008 February 22 - March 1, 2009

WEEK 10 March 4 - 11, 2007 March 2 - 9, 2008 March 1 - 8, 2009
WEEK 11 March 11 - 18, 2007 March 9 - 16, 2008 March 8 - 15, 2009

WEEK 12 March 18 - 25, 2007 March 16 - 23, 2008 March 15 - 22, 2009

WEEK 13 March 25 - April 1, 2007 March 23 - March 30, 2008 March 22 - 29, 2009

WEEK 14 April 1 - 8, 2007 March 30 - April 6, 2008 March 29 - April 5, 2009

WEEK 15 April 8 - 15, 2007 April 6 - 13, 2008 April 5 - 12, 2009
WEEK 16 April 15 - 22, 2007 April 13 - 20, 2008 April 12 - 19, 2009

WEEK 17 April 22 - 29, 2007 April 20 - 27, 2008 April 19 - 26, 2009
WEEK 18 April 29 - May 6, 2007 April 27 - May 4, 2008 April 26 - May 3, 2009
The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any
dissemination of this material.
Complete
Package
 Real Estate Sales with Realtor
 Mortgage Lending with First South Bank
 Property Management with Realtor
 Insurance with Farm Bureau
 Legal Services with John A. Mauney
 LLC provided for buyer’s protection at
no cost

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material
2,000,000.00
Mortgage 1,000,000.00 Equity
1,000,000.00

OBX 1, LLC sold for 500,000.00

Mortgage pay down 450,000.00 after commission, expenses and
some cash back

550,000.00 Mortgage balance

______________________________________________________________________
_____

OBX 2, LLC sold for 500,000.00

Mortgage pay down 450,000.00 after commission, expenses and
some cash back

100,000.00 Mortgage balance
The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
Retrieve the equity in your
investment property

Convert to quad ownership
Sell a portion of your investment and reduce or eliminate
your debt
No sellers remorse
You retain title and possessory rights to your beach
property
in a Quad-ownership program

The recipient of this information acknowledges the proprietary interests of the law firm of John A. Mauney and agrees to refrain from any dissemination of this material.
*Capital Gains Deferral - 1031 Exchange

*Property Management through Parent LLC

*Master Appraisal & Home Inspection Report
*Expanded Market – Fair Values

*The NOW Generation

*Summary

Refer all inquiries to:

John A. Mauney & Associates PC
252-441-8151 / 1-866-441-8151
Mauney@obxattorney.com