Fatbaby52
TUG Member
- Joined
- Mar 23, 2018
- Messages
- 53
- Reaction score
- 15
- Points
- 68
My family has been heading down to Phoenix for Spring Training for 4-5 years now, and it's become a regular thing. Last year, we stayed at SDO and loved it; I've been looking for resales for a while now, and found two separate 2BR units for free (including closing).
Maintenance is somewhere around $1200 for the 2BR, and a 1BR rents for around $1k. My thinking is that I can hopefully rent out one side and have a nice place to stay every year for about $200.
I think that the $1k rental price is a floor- it costs $150+/night for a mediocre motel in Scottsdale during March, and the SDO is much nicer than that.
The risks I see are (1) not being able to book the weeks that we want, and (2) MF increasing.
I'm not too afraid of (1); I'm pretty good at getting things in my cart on Black Friday, so I don't imagine that booking at exactly 9PM a year and a day before is going to be too tough.
My questions are really:
1. Is there anything that I'm overlooking here?
2. For those of you who are owners, if you could go back in time and not buy your timeshare, would you?
Maintenance is somewhere around $1200 for the 2BR, and a 1BR rents for around $1k. My thinking is that I can hopefully rent out one side and have a nice place to stay every year for about $200.
I think that the $1k rental price is a floor- it costs $150+/night for a mediocre motel in Scottsdale during March, and the SDO is much nicer than that.
The risks I see are (1) not being able to book the weeks that we want, and (2) MF increasing.
I'm not too afraid of (1); I'm pretty good at getting things in my cart on Black Friday, so I don't imagine that booking at exactly 9PM a year and a day before is going to be too tough.
My questions are really:
1. Is there anything that I'm overlooking here?
2. For those of you who are owners, if you could go back in time and not buy your timeshare, would you?