-
Please take a moment and update your account profile. If you have an updated account profile with basic information on why you are on Air Warriors it will help other people respond to your posts. How do you update your profile you ask?
Go here:
Edit Account Details and Profile
Real estate while in military?
- Thread starter BRM21o
- Start date
If you buy a timeshare, it's for only two weeks (or whatever you buy) a year. How could you rent it out?
BRM21o
New Member
The one I'm looking at is a re-sale.
You buy the rights for unlimited use of the resort and then other people buy timeshares of your ownership. It's not a specific apartment or property, (they're all pretty much the same) they just assign you whatever is available for that time period.
You buy the rights for unlimited use of the resort and then other people buy timeshares of your ownership. It's not a specific apartment or property, (they're all pretty much the same) they just assign you whatever is available for that time period.
Can you post a link? Not necessarily the one you are looking at, I'm not looking to steal it out from under you. I just don't understand this investment.
JMMH
Ugh.
I know 2 military families/couples that have time shares.
One set has a membership that's good for any time share within their program-- RCI.
The other has a standard 2 week timeshare in Vegas, but have used it more than that. I don't know the details.
They're both happy with the deals they've got and it's turned out to be a useful/beneficial investment.
One set has a membership that's good for any time share within their program-- RCI.
The other has a standard 2 week timeshare in Vegas, but have used it more than that. I don't know the details.
They're both happy with the deals they've got and it's turned out to be a useful/beneficial investment.
My in-laws liked theirs for about 6 years. Then paid WAY more than they wanted to when they couldn't get rid of it after the kids moved away.
As a MIDN (assuming you're there), I'd recommend waiting until commissioning for credit/income securities...but there isn't anything I know of that would prevent you from holding ANY investment. Short of a Meth lab, i guess.
~D
Eh, why buy a timeshare, when I can have access to RCI's inventory through AFVClub? 
http://www.afvclub.com/
http://www.afvclub.com/
Eh, why buy a timeshare, when I can have access to RCI's inventory through AFVClub?
http://www.afvclub.com/
I've never used AFVC, but I am always looking at it to find a good deal near several places I want to go in a specific time period. By the time I am ready to commit, I am usually SOL. The prices look great though.
We have used it about a dozen times. Pays to do your research online though and find a website or reviews on the property you are looking at.
No rules prevent you from making a bad investment while serving...hint hint....look at the stock market to invest in.
phrogpilot73
Well-Known Member
Timeshares shouldn't be purchased as an investment. The renting out of timeshares is going to make you at best break even. The whole idea of renting out a timeshare is to cover your fees if you didn't get a chance to use it that year.
That's why I am confused, but I think he is saying he would own it all 52 weeks, and then rent it out 52 (or whatever) different times.
Investing in TimeShare? What a novel idea!
Have rented several. Rented one for about 4 years, Vero Beach, FL in summer. Half the complex was empty each time I was there. The owner contacted me, offerred to sell to me. He had actually used his time slot once. Looked at the numbers, big time loser, as most are. Paper equity looked good but could never sell it for what he wanted. Bet he still owns it.
As several have said, do your homework.
Have rented several. Rented one for about 4 years, Vero Beach, FL in summer. Half the complex was empty each time I was there. The owner contacted me, offerred to sell to me. He had actually used his time slot once. Looked at the numbers, big time loser, as most are. Paper equity looked good but could never sell it for what he wanted. Bet he still owns it.
As several have said, do your homework.