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The properties displayed above are in all 7 locations numbered on the world map. Florida, Las Vegas, California, Panama, Bulgaria, Romania, Poland, Portugal, Goa, Cape Verde,Australia, New Zealand.

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Some basic answers to Frequently Asked Questions

Q: How is the Club to be formed?

A:It is similar in all respects to any Club with a Committee comprising of a President, Vice President, Secretary, & Treasurer. The Company is limited by shares in English Law, and all shareholders have clear access to Company documentation and accounts, and minutes of Directors meetings. As Club assets are held in a Limited Company, this will ensure no members will have any personal liability if the Club ever became insolvent.

Q. Why are there two Companies, (Ltd and .com)?

A: There is only one limited company, but our lawyers have suggested that we link the web site domain within the document, so it makes things clearer. So the registered UK company is MakeMeaNestEgg.com Ltd, and the domain is www.makemeanestegg.com

Q: Is this a timeshare?

A: Absolutely NOT! A timeshare gives you a specific week either for life or a fixed period, with an initial investment followed by annual maintenance charges. With this concept it is a one off lifetime Club subscription with all committee officials and members having equal ownership. We believe no other Club in the world exists using this concept, the club buys the properties and all members have free usage of the properties in off peak seasons. This means that we can rent out the properties in high and medium seasons so that we can get maximum return on the properties. We also advertise our properties on various rental portals and include it on our sister web site www.globalrentalvillas.com

Q: Responsibilities of all Club Members?

A: It is the responsibility of all club members, to provide the club with up to date mailing and email addresses. In order for the club to minimize costs all documentation and notices will be sent by e-mail, except where the law requires us to send printed material. We also wish to hear from all club members their suggestions of new countries and/or developments that the club should consider purchasing. Always remember the club belongs equally to us all, and even though the Directors are experts in foreign property we do not confess to know every single corner of the planet, so please let us know!

Q: Who will own the properties?

A: All the properties are owned by the company, and in turn the company is wholly owned by its shareholders, up to a maximum of 250.

Q: Who will decide when properties are sold?

A: The decision will be made between the Committee and the Project Manager. Details will be published in the minutes prior to any sale just in case any members have any objections, which will be addressed before any action is taken.

Q: Can I own multiple shares?

A: The decision has been made to limit the total amount of shares that an individual or a single company can hold to 5.

Q: What is the short and long term exit strategy?

A: The shareholders agreement allows that on the 3rd anniversary of owning your share certificate you have the ability to cash it in, but only if the club has the monies to be able to buy it back off you at face value. Unfortunately if you need to cash the share in before the 10 year period, the company can only pay back its face value (i.e. what you paid for it, as it would be to expensive for the club to undertake a full valuation of the company and its assets in order for an individual to cash there share in) But if you do fall upon hard times and subject to finding a buyer the share can be sold at any time. The long term strategy is to call an AGM on the 10th Anniversary of the start of the fund, were all members will vote on whether to sell the complete fund off and settle all accounts or whether to carry on buying properties and renting them out. The default is for the whole property portfolio to be valued and sold after the AGM held on the 10th Anniversary of the closing date of club membership.

Q: What about management, maintenance and other running costs?

A: These costs which include rental agent fees, insurances, club employee wages, stationary, travel and accommodation etc, will be met from rental and equity profits. However, a charge to cover your usage of for personal telephone, electricity, linen and other individual costs whilst using one of the properties, will be passed over to each member after use, once it has been calculated from the monthly bills from that property. You will have the right to see any bills at any time.

Q: When does the weekly period start?

A: It starts from 12 noon on each Saturday, ending at 12 noon the following Saturday. However, this may vary in some resorts depending on available flights and cleaning rotas.

Q: What if I take 2 or more consecutive weeks?

A: You would simply make arrangements with the resort management or property management agent for a suitable time for the cleaning and linen service. You can only take more than 2 weeks at any one property if no-one else requires it and if it doesn't role into a medium/high season week.

Q: What about flights and transfers?

A: Flights are every members responsibilities, but we do encourage use of the special arrangements that we have setup with some internet/telephone travel companies, as this helps us to keep the travel costs down for when we go on inspection trips, as we have a stronger negotiating stance.

Q: Will expenses for Club officials be limited?

A: Most certainly Yes. The number one aim of the official is to keep all associated club costs to an absolute minimum. All travel, accommodation etc, will be sourced through online booking services and will always be 'economy' unless free upgrades can be sorted. Our aim is to retain as much capital as possible for the benefit of the Club that is why there are no flashy brochures and limited exhibition/advertising material.

Q: How much will employees be paid?

A: There will be only three employees, full-time Director / Project Manager / Club President. The other Club officials are unpaid. The employees will receive monthly payment from rent and equity profits, which will partly compensate for time spent away from their own businesses. Payment will be £20 per hour with weekly hours capped, All Directors will keep accurate records of times spent on company business and will be paid in accordance. And in return for running the Club, the committee officials will receive membership of the Club having agreed to carry out their appointments for a minimum of 10 years. The Club founders will not be taking a substantial stake of 51% + which is the norm in most ventures like this, they will receive equal membership for committing to the Club for at least 10 years.

Q: What security do I have?

A: members will be issued with an equal shareholders agreement and share certificate allowing a 14-day 'cooling off' period. Your security is equal ownership of all properties through the Club, which will be stated, in the legal documents. You will also receive references from our accountants and commercial bank HSBC.

Q: Will I be able to leave the Club if I get into financial difficulty?

A: Yes. Having established that you have financial difficulty, you will receive your initial membership fee back once it can be released from the property equity. Your membership will be advertised for sale on the web site and in various publications. The price will be determined by the value of the portfolio.

Q: When will the exit package commence?

A: After 3 years of ownership. your membership will be advertised on our Club web site and in publications such as 'Hot property Alert,' 'Property Auction News,' Property Millionaires Club,' and other property magazines and web site forums.

Q: When is the subscription fee due to be paid?

A: The subscription fee of £30 per month is to be paid as soon as you receive your shareholders agreement and share certificate. You will also get a 14-day 'cooling off' period where your fee will be returned to you if you decide not to become a member. The fee will be paid by monthly direct debit. It is hoped that after 3 years we should be self financing so the monthly fees will stop.

Q: Does the Club plan to sell properties in the future?

A: Yes. If certain properties have made a substantial amount of equity, another property will be purchased using the equity to pay the deposit, and the remaining monies will re-invested into other property.

Q: What will happen to excess rental & equity at the end of each year?

A: Any excess rental and equity at the end of each financial year which is not needed for Club running costs will be used to buy more property.

Q: Will we have Club functions?

A: These will be informal gatherings where future ideas for the Club can be discussed. Also it will give the members an opportunity to network and meet fellow members.

Q: If Club membership is 250 how will shares be divided?

A: The Company is divided into 1,000 shares; therefore each member will receive an equal amount of 4 fully paid up shares. Maximum share ownership is 5 per person or company.

Q: How will the properties be managed re-allocation of 'free' weeks when you have 250 members vying for their use?

A: Initially every member will get 2 weeks allocated once the properties have been purchased, for use only in off peak season. A web page will be given for each property with a booking sheet for the weekly usage. Members will contact the Club having seen a free week(s) on the web site, this will be amended and will be allocated on a 'first come first served' basis, however members will not be able to book the same location twice unless they come to an agreement with another member to swap.

Q: What if the Club doesn't recruit 250 members?

A: We will continue on a smaller scale. Since the launch at the beginning of April we have issued 68 reservations, and are now in the process of advertising the remaining Club vacancies and are hopeful our target will be reached. We are considering advertising this on eBay and other such auction sites but we feel confident that we will sell or shares within the 24 month period.

Q: Who are the other members of the committee?

A: Membership was first opened to friends, family and colleagues, then committee members were chosen for their experience in property, and their promise to commit to at least 10 years in office. The President (Project Manager) and Vice President are the founders of the Club.

Q: What happens if any Director is no longer able to run the company?

A: The Club is run by a team of Directors, all of whom are committed to the long term future of the Club. Each Director is capable of filling one another's roles.

Q: If we bought one £10k share, in who's name would it be (as we are not yet married)?

A: It doesn't’t really mater at this stage as this is a Willable company share, so either party will do, but there could be some tax advantages if it is put in the lower earners name, but please take professional advice. Shares can be held in individual, family, company or trust names.

Q: What happens with the initial money currently in the Company?

A: We have already identified various off plan, conversion and land acquisitions in Bulgaria & Cape Verde and UK, so this is where we will buy first.

Q: Are people who joined from day one and people who joined end of year two treated the same, (the 1st group have had their 10K invested longer)?

A: We are currently experiencing high demand for Club membership, and expect to allocate all shares in well under the 2 year allowed period. If we have not allocated all shares after a 6-9 month period we will look at the Club and make recommendations to shareholders to readdress the imbalance.

Q: What is the max share holding?

A: In order to open this up to the majority of club members and there friends and family, we have decided to limit the maximum number of shares per individual or company to 5. Obviously this can be got round by multiple people or individuals within a company or family buying 5 shares each, but only at a maximum of 5. You hold one share in the company for every £10,000. The company total share capital is 1000, so if we have a maximum of 250 shareholders each shareholder then each member holds 4 shares(i.e. 1/250 of the company, up to a maximum of 5/250 of company).

Q: Finally some people have asked me what's in it for the Directors?

A: As there are only three paid Directors Mr Andrew Purnell (Managing Director), Dr Drew Smart (Director) and Mr Bipin Shah all receiving 1 free share, with up to 10 bonus shares for the Directors to allocate in accordance with strict objectives and targets. One of these shares will be automatically allocated to Mr A Purnell in compensation for creating the idea and setting up this scheme.. The Directors will be rewarded in the conventional way by drawing a small salary from the company, which is capped as per the shareholders agreement, and is paid at an hourly rate.