Had a client approach me with with opportunity to buy TS

[CPNY]

Well...I got in touch with the office of the resort and I can buy my own 2 bedroom unit (instead of a 1br) for less than the guy was offering it to me for. Their published price was $3500 and that included the 2020 fees. I could buy one of the 1br units for $1000 including 2020 fees.
Obviously I’m not going to pay 4 times market value for something. I may offer him the fees for the year to try the resort out.
I also found the last minute rental board on this forum and we may just travel around to different places for the next couple of years to find where we like. All those posts under $800 feel like a steal.

Congratulations. You just learned many valuable lessons in “thinking about buying a TS”. Rent around and see what you like. You may find out you want higher end accommodations. Then take a look at other systems, learn how they work and get to learn their destinations. Buy into a system with resorts you like in destinations you want to frequently visit.

 

[jabberwocky]

While the TS isn't worth anything sometimes the client is. I know I have over paid for clients things to help them out but the over payment was made up in the services I provided . Often times the client brought in more clients. Even so, a timeshare isn't something that can easily be disposed of so I wouldn't do it. I would pass and maybe tell them about TUG so they could learn how to get rid of it.

Bill

Depending on what field you are in, a financial advisor may be governed by professional regulations. This could pose quite a problem if you overpay for something with the expectation of future benefits. The same would hold for getting something for “free” from the client. Given the inherent perceived conflicts, I wouldn’t get close to this deal, but that is just me.