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Forums » Rental Property Questions & Landlording Issues » foreclosure timeshares

foreclosure timeshares Subscribe to foreclosure timeshares

5 posts by 5 users

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Donnell Mulligan

Wholesaler · Seabrook, South Carolina


Forum_avatar_avatar-donnell2012

Feb 21, 03:16 PM

How to profit from foreclosured timehares?


Thomas Handy

Real Estate Investor · Fort Polk, Louisiana


Forum_avatar_avatar-tchandy

Feb 22, 05:36 AM

I would stay away from this market. I just sold a timeshare back to the company this past December. After we bought the place we found out there were so many things wrong with the timeshare. The seller kept telling us it was possible to stay at other timeshares across the country and they had an affiliation with other timeshares across the world.

After looking back on the timeshare, it was like I bought a used car from a used car salesman who talked the talk but didn't walk the walk. Everytime I tried to book a place they would tell us it's in the wrong color, we're full, or you need to upgrade your timeshare. Plus the monthly asociation fees didn't help. A timeshare may be good for some but there are many who wish they never bought one.

I would seriously stay away from this market. I wouldn't even put it in the category of real estate investing.

Tom


Eric Michaels

Real Estate Lender · Chicago, Illinois


Forum_avatar_avatar-eric3

Pro Basic

Feb 22, 09:16 PM

I have looked at this on and off for a few years. The math just never works. I have had offers for people to give me their timeshares for free and the numbers still don't work, so I think there is no hope. Only people who make money on timeshares are the sellers and developers.


George P.

Real Estate Investor · Baltimore, Maryland


Forum_avatar_avatar-sniper

Feb 28, 08:04 AM

What exactly are you going to do with them?


George P.

Real Estate Investor


Forum_avatar_avatar-mi

Mar 01, 07:54 PM

i have a time share (hilton). it makes me take more vacations. i like it.




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