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#21
12-21-2006, 05:21 PM
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Re: Ask me about timeshares
[ QUOTE ]
Okay, I own a Marriott gold week at their biggest Orlando property (Grand Vista). Memorial Day is the only holiday weekend that is 'gold' so I always book my week for that one. Then I drop it into II and exchange away. The only place I've ever had trouble exchanging to is Hawaii. Is there a secret that I have missed or am I working the system properly? [/ QUOTE ] With Marriott,you go to the front of the line if you book between 12-13 months out from when you want to go.Once inside of 12 months you compete with everyone else in II.Many Marriott owners get up at the earlist possible time EST EXACTLY 13 months before to get a shot at Hawaii.call your Marriott contact person and they can give you more details.Grande Vista is a sweet resort. 
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#23
12-21-2006, 05:25 PM
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Re: Ask me about timeshares
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how is buying a timeshare better than just renting a week someplace? cheaper? do you sell your shares of the timeshare or something? [/ QUOTE ] Better is in the eye of the beholder.I think a Herman Miller chair is worth the loot because I play poker.Many of my non-poker playing friends think I'm insane for spending hundreds on a computer chair.To me,it is worth every dollar.It's all relative.
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#24
12-21-2006, 05:27 PM
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Re: Ask me about timeshares
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spartan, Why do you hate whitespace and is this your first time using a computer? J [/ QUOTE ]What is whitespace?And yes!LOL.Help.if it ain't too late.
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#25
12-21-2006, 05:27 PM
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Re: Ask me about timeshares
My goal in poker is to some day use my winnings to buy a vacation condo. I figure I could use it maybe ten times a year and try to rent it out the rest of the time. I plan on paying cash for the condo because I don't want to take on any debt in addition to what I already owe on my mortgage and student loans.
My research on the area I'm looking at (Galveston, TX) has indicated that I can get a really average condo for around $100k or I could go another route and buy a 25% deeded interest in a really great condo for about $40k. Then maybe I could buy more later on (greater interest in same unit or some other comparable one). What are your thoughts on buying in chunks versus waiting until I have the cash to buy a condo outright? Obviously I will get to $40k faster than $100k.
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#26
12-21-2006, 05:35 PM
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Re: Ask me about timeshares
[ QUOTE ]
[ QUOTE ] There are exceptions ,but usually you should get about 20-30% of what you initially paid. [/ QUOTE ] is there any benefit at all to buying directly from you, rather than from the resale market? [/ QUOTE ] It depends what you are looking for.If you are looking to go to the same resort at the same time every year and you want it guaranteed,then you may have no choice but to buy retail to get exactly what you want.With the major hotel chains they allow you to convert your timeshare into hotel stays if you buy from the developer.Some also have right-of- first-refusal clauses to control the resale market to a degree.If none of that is important to you and you just want a TS to trade and you are very flexible when you use it ,then you may be better off buying resale.
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#27
12-21-2006, 05:46 PM
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Re: Ask me about timeshares
[ QUOTE ]
My goal in poker is to some day use my winnings to buy a vacation condo. I figure I could use it maybe ten times a year and try to rent it out the rest of the time. I plan on paying cash for the condo because I don't want to take on any debt in addition to what I already owe on my mortgage and student loans. My research on the area I'm looking at (Galveston, TX) has indicated that I can get a really average condo for around $100k or I could go another route and buy a 25% deeded interest in a really great condo for about $40k. Then maybe I could buy more later on (greater interest in same unit or some other comparable one). What are your thoughts on buying in chunks versus waiting until I have the cash to buy a condo outright? Obviously I will get to $40k faster than $100k. [/ QUOTE ] What you are referring to is a "fractional".That's a fancy name for a longer use timeshare.They can be a great alternative to outright ownership,especially if you want to use it in Galveston every year.The great thing about fractionals is you don't have to fuss with them and worry about renting them out the rest of the year.There is also a decent chance for true appreciation if they are deeded in perpetuity.I would expect the chances of building up equity in Texas to be pretty good since the real estate there is generally undervalued. I'm decently familiar with the Texas market so if you want to email me with the company name I may be able to give you an idea about them.
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#29
12-21-2006, 07:08 PM
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Re: Ask me about timeshares
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What are the advantages/disadvantages of buying a timeshare from a hotel company? [/ QUOTE ] Advantages:credibility,very nice resorts,hotel exchange,internal trading,no hard sell Disadvantages:Usually more expensive and higher maintenance fees I'm speaking in general terms here.The hotel programs differ from each other in some ways and are similar in others.Generally though,owner satisfaction is very high amongst all owners of hotel-based timeshares.Usually,a very different experience attending a prsentation than some of the smaller companies.
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#30
12-21-2006, 07:16 PM
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Re: Ask me about timeshares
[ QUOTE ]
[ QUOTE ] What are the advantages/disadvantages of buying a timeshare from a hotel company? [/ QUOTE ] The hotel programs differ from each other in some ways and are similar in others. [/ QUOTE ] Details? (p.s. if you're wondering after my PM's why i'm asking, it's because i honestly don't know the first thing about them)
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