Timeshare Potential? - Tilted Forum Project Discussion Community

oncetherewasabo · 06-15-2004, 06:15 PM

Am I being hopelessly optimistic or are there investment potentials in timeshares? It seems that if you can get a good deal on the initial purchase that you could rent out the space and be well ahead of the annual fees. Or am I wrong? Are you allowed to rent out your spots? I just thought I'd look into this because I'm looking to build up some assets with small startup capital. Thanks in advance.

timalkin · 06-15-2004, 08:02 PM

I've never invested in one, but I had to go through an extremely aggressive salespitch from a "timeshare salesman," for lack of a better term. I guess he was a former used car salesman. Anyway, this guy was seriously all up in my shit about how great and wonderful his fucking timeshare was.

If something has to be pushed that hard, something's got to be wrong. Tread carefully.

gar1976 · 06-16-2004, 10:39 AM

I've heard about 50/50 horror stories/love it. "Tread carefully" is good advice.

I wouldn't invest money in it that you aren't willing to lose with nothing to show for it.

Cynthetiq · 06-23-2004, 06:43 PM

I have a time share and my expenses would not be covered by the trades that I would get if i were to trade the one week into 2 weeks or if I even were to take one week and rent that out.

I would suggest buying a condo since you could buy one for little money. my first rental property was only $61k in Las Vegas and recently units have sold for 2x that amount. Not bad for a $6k downpayment and $100 positive income every month...

EDIT: I forgot to mention that my timeshare is paid in full, but I have not seen it sell or trade for what I paid for it. I do have a mortgage which is covered by the renter and I do make just a small profit off the rental after the rest of my expenses for that property.

gar1976 · 06-23-2004, 08:53 PM

Quote:

Originally posted by Cynthetiq
I have a time share and my expenses would not be covered by the trades that I would get if i were to trade the one week into 2 weeks or if I even were to take one week and rent that out.

I would suggest buying a condo since you could buy one for little money. my first rental property was only $61k in Las Vegas and recently units have sold for 2x that amount. Not bad for a $6k downpayment and $100 positive income every month...

Real estate rental - now THAT is fairly successful. I've rarely seen a client do poorly on one.

06-15-2004, 06:15 PM	#1 (permalink)
oncetherewasabo Upright	Timeshare Potential? Am I being hopelessly optimistic or are there investment potentials in timeshares? It seems that if you can get a good deal on the initial purchase that you could rent out the space and be well ahead of the annual fees. Or am I wrong? Are you allowed to rent out your spots? I just thought I'd look into this because I'm looking to build up some assets with small startup capital. Thanks in advance.

06-23-2004, 06:43 PM	#4 (permalink)
Cynthetiq Tilted Cat Head Administrator Location: Manhattan, NY	I have a time share and my expenses would not be covered by the trades that I would get if i were to trade the one week into 2 weeks or if I even were to take one week and rent that out. I would suggest buying a condo since you could buy one for little money. my first rental property was only $61k in Las Vegas and recently units have sold for 2x that amount. Not bad for a $6k downpayment and $100 positive income every month... EDIT: I forgot to mention that my timeshare is paid in full, but I have not seen it sell or trade for what I paid for it. I do have a mortgage which is covered by the renter and I do make just a small profit off the rental after the rest of my expenses for that property. Last edited by Cynthetiq; 06-24-2004 at 06:16 PM..

06-15-2004, 08:02 PM	#2 (permalink)
timalkin Addict Location: watching from the treeline	I've never invested in one, but I had to go through an extremely aggressive salespitch from a "timeshare salesman," for lack of a better term. I guess he was a former used car salesman. Anyway, this guy was seriously all up in my shit about how great and wonderful his fucking timeshare was. If something has to be pushed that hard, something's got to be wrong. Tread carefully.

06-16-2004, 10:39 AM	#3 (permalink)
gar1976 Custom User Title Location: Lurking. Under the desk.	I've heard about 50/50 horror stories/love it. "Tread carefully" is good advice. I wouldn't invest money in it that you aren't willing to lose with nothing to show for it.