As a first time share hopeful, we are interested in owning RCI property (we live in Dallas, Texas) and use that to exchange and visit other places every 2-3 years.
Any one done some home work and help me point to some threads here that discuss this in depth and pros/cons of this idea.
I am thinking to take ownership of some one else RCI week at a heavy discount price. Am I thinking right? Thanks and regards.
I'll put in 2 cents:
If you're only going to travel every 2-3 years, you probably expect to have a 'great vacation experience' for your investment. That being said; you might appreciate rentals (which can be a good bargain) as opposed to owning, at least for a while. After you've made one or two rentals, you might find that you really like one style/brand/location for your vacation spot. If this is so...then maybe you'll know what and where to buy.
If you've already rented/toured and have some ideas, consider buying an 'every other year' (EOY even or odd) time share. Also consider buying a good/better quality timeshare with great locations that you'll use (either nearby or at your favorite watering hole!). Good/better timeshares don't have to cost that much up front, but they all have ongoing commitments that must be honored..
Also, anytime you vacation (TS or not), consider stopping by for a quick look/tour of the nearest 'posh' timeshare resort to see what you really find attractive.
Two favors for me:
Don't get suckered into buying from a developer (timeshare tour/pitch/offer). Do your research first! and...
Don't buy something before you understand what you want/need/can afford. The devil, as they say, is in the details.
cheers and welcome to TUG.