First Deal, Need help!!
Ok, so I'm about to get into my first real estate deal.
It's a share of Sheraton broadway plantation villas. It's 2 bed 2 bath condo. With $700 annual fees. The trick is, it's not actual property but more so a share. Which means, that share could be used on requesting any room at that resort, even at the same resort locating at different places around the US.
My question is, does anyone have any experience investing in this kind of real estate? I'm still not quite sure how this would work with renting it out. Is it like choosing a location and room and then getting assign guests/tenant?
All help and support appreciated. I'm suppose to go sign the contract tomorrow.
And also, should I bring a contract my self or just leave it up to the seller? Being sold by owner.