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Buy timeshares to rent

Discussion in 'Marriott Vacation Club' started by Gemini Chica, Mar 12, 2019 at 5:04 PM.

  1. Gemini Chica

    Gemini Chica TUG Member

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    Location:
    Spain
    Resorts Owned:
    Marbella Beach Resort
    Do any of you have units purchased solely to rent and cover MF of them plus the weeks you use? We currently use one week and use one week elected to points so have one week to rent but would be just as easy to have two to rent and if so will cover more MF provided I can get them rented!


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  2. buzglyd

    buzglyd TUG Member

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    Location:
    Carlsbad
    Resorts Owned:
    HGVC Lagoon Tower
    HGVC Carlsbad Seapointe
    Gaslamp Plaza Suites
    Carlsbad Inn
    SVV Bella
    I’ve got two in the San Diego area that I rent every summer. My rentals cover my maintenance fees for four out of the five places I own.
     
    Gemini Chica likes this.
  3. Gemini Chica

    Gemini Chica TUG Member

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    Location:
    Spain
    Resorts Owned:
    Marbella Beach Resort
    This is what I am thinking, 1 covers itself and a bit of another, but 2 would cover 75% of all fees..... trying to justify to myself


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  4. rickandcindy23

    rickandcindy23 TUG Review Crew: Expert TUG Member

    Joined:
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    Location:
    The Centennial State
    Resorts Owned:
    Wyndham Plat,RCI pts,Shell,WorldMark,OKW,SSR pts; Marriott's Willow Ridge;Val Chatelle; Hono Koa; SBP; Blue Ridge Village.
    Just don't buy developer because you will never get your money back on that deal.
     
  5. Gemini Chica

    Gemini Chica TUG Member

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    Location:
    Spain
    Resorts Owned:
    Marbella Beach Resort
    No would be a resale, a developer purchase would get me to presidential level but perks aren’t enough for me to do it. The units here in Spain are always in demand so would be going for one of them.


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  6. TheTimeTraveler

    TheTimeTraveler TUG Member

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    Keep in mind that if one of the units go vacant (unrented) then that can throw all your profits out the window; i.e. it becomes an expense and not an income source.....

    Unrented units become alligators and will start eating into your assets.




    .
     
    RX8, TXTortoise and Gemini Chica like this.
  7. vacationtime1

    vacationtime1 TUG Member

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    Location:
    San Francisco
    Resorts Owned:
    MAW & MKW (Kauai)
    WKORV-OFC (Maui)
    WKV x3 (Scottsdale)
    How do you cover (or better, recover) your upfront cost -- the purchase price?

    That's the dirty math in most financial analyses of timeshares.
     
  8. Gemini Chica

    Gemini Chica TUG Member

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    Location:
    Spain
    Resorts Owned:
    Marbella Beach Resort
    Purchase price is 3.500€ inc. cost so not a huge outlay. MF just under 1.100€, rentals for that season go for approx 1.800-2.100€ so would take a few years to recover alright.
     
  9. easyrider

    easyrider TUG Review Crew: Expert TUG Member

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    Location:
    Palm Springs of Washinton
    Resorts Owned:
    Worldmark * * Villa Del Palmar UVCI * * Vacation Internationale*
    I like timeshares that I can rent or easily use if I don't rent it. So far it hasn't been a problem. I also liked old contracts with lower maintenance fee's. The problem with these are often the flexibility factor. Currently I like multi-destination systems with destinations in areas that provide sun and sand when it is cold up north.

    Bill
     
  10. vacationtime1

    vacationtime1 TUG Member

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    Location:
    San Francisco
    Resorts Owned:
    MAW & MKW (Kauai)
    WKORV-OFC (Maui)
    WKV x3 (Scottsdale)
    Those are good numbers -- a profit of about 900€ on an "investment" of 3500€ -- about 25% ROI. The reason it could work is the purchase price is low (unlike those who purchase expensive Hawaii TS's to rent).

    Your risks are being able to consistently reserve the good weeks for renting and general economic conditions.
     
  11. DeniseM

    DeniseM Moderator

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    My suggestion: Complete a few rentals and then decide if it something you want to do on a regular basis.
     
    CalGalTraveler and Gemini Chica like this.
  12. suzannesimon

    suzannesimon TUG Member

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    Location:
    Destin, FL & Bethany Beach, DE
    Resorts Owned:
    Marriott Frenchman's Cove, Hyatt Sunset Harbor, Harborside at Atlantis, Marriott Aruba Surf Club, Marriott Grande Ocean, Westin Kierland Villas, Westin Lagunamar
    I have 10 timeshares. I clear more money from the rent than I get on my social security. I use the money to travel. We rarely stay in any of the timeshares I own, but use the money to rent from others rather than dealing with trades. Our timeshare visits are usually in spring or fall and I own summer and Christmas weeks so it is more lucrative to rent what I own and rent an off-season week from someone else. Sometimes we take a cruise instead or rent a big house for my kids for a family vacation during the holidays. I find operating with cash is a much better deal that using points or trading in Interval.
     
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  13. cwtkm3

    cwtkm3 TUG Member

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  14. Gemini Chica

    Gemini Chica TUG Member

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    Location:
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    Resorts Owned:
    Marbella Beach Resort
    Always a gamble I guess, but feel I would rather buy a European week than a USA one.
     
  15. suzannesimon

    suzannesimon TUG Member

    Joined:
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    Location:
    Destin, FL & Bethany Beach, DE
    Resorts Owned:
    Marriott Frenchman's Cove, Hyatt Sunset Harbor, Harborside at Atlantis, Marriott Aruba Surf Club, Marriott Grande Ocean, Westin Kierland Villas, Westin Lagunamar
    If you are buying to rent, don’t get emotionally attached to the resort. Check various resorts to see how much the week is renting above what the maintenance fees are. You may prefer European resorts but if the rental demand isn’t there, you might do better buying somewhere else.
     
  16. Quadmaniac

    Quadmaniac TUG Member

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    Location:
    Calgary, Alberta, Canada
    Resorts Owned:
    Marriott Willow Ridge (x2.5) Harbour Lake EOY, Ko Olina week 51 (x3) & 52(x2)
    I was going to say the same. If your goal is rental income, buy where you can make the most per transaction to make it worthwhile, while balancing what it costs to get in. I would rather do 5 transactions than 15 to make the same.
     

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