Hi Everyone!
I'm not to the forum and I need your PRO help as the amount of info I need to read to be versed in this will probably take forever.
We are looking to do full time TS living. I spoke to someone that does it and they could get the weeks very cheap, like 200-400/week for 2 bedroom.
(Unfortunately I don't have their contact anymore)
As far as I know they have couple of cheap off season use TS bought on eBay for $1, that they use to access RCI and II.
I also assume they use Last Minute and Getaways to get cheap weeks.
I've looked around and seems like I can get just one TS - Worldmark that will have acees to BOTH - RCI AND II. Are there any others that can access both exchanges?
Also, I'm battling a dilemma of getting a "free" timeshare, which most likely wouldn't be too desirable even if I would want to give it away for free or get something desirable and pay some money for it, so it can be sold/traded/given away later.
What would've desirable vs not desirable?
Also what's better points or property?
Any other advice you would give us?
I think you're approaching this in a way that is confusing to most of us. Try posing this question instead:
I understand there is virtually unlimited excess timeshare inventory in Orlando. I want to move to Orlando and live in timeshares, but I will have flexibility to move every week. I'm also willing to travel to Williamsburg, VA, a desert in summer, or a ski resort during mud season, if we ever get to the point where Orlando timeshare weeks are not obtainable. I know I will have to find somewhere else to live the week of Christmas and New Years. My minimum requirement is that I need a 1-BR unit at all times, but I prefer a 2-BR unit.
What is the absolute cheapest way I can do this, using last-minute bookings if needed? What are cheap properties that can pull lots of cheap weeks, and what other tools and tricks that are available?
For my answer to that revised question: Here is what I know about Interval. I know almost nothing about RCI.
1. I also know whenever I deposit a week with interval, I get a free week certificate that can be used for a week in Orlando for $300-ish. Everyone gets random free week certificates for no reason a couple of times a year.
I *think* a lot of people let those expire, if you wanted to buy them for $50 or $100, you might have some takers on this board. Of course, you would pay $300 in exchange fees plus maybe $79 fee for a guest certificate, so your cost per week might be closer to $450-500. Against T&C to sell certificates, see post below
2. Getaways - I can search August in Orlando and see a ton of weeks available for $300-$400. I'm sure Arizona and Palm Springs are similar in August, and in winter, look for cold wet places no one wants to visit. Cape Cod? Rural Maine?
3. Some properties allow owners to book cheap extra weeks that can then be deposited to Interval. I'm not sure what that's called (maybe right-to-use?) but that can be a source of cheap weeks that doesn't require annual maintenance fees.
You just have to get in there and use the tools to see what is available.
As far as what property to buy, when you search for "good trader" threads, you run into TUGgers who are looking for a property that can exchange 1:1 for a nice property, not a property that produces cheap weeks that you can deposit and trade for any excess inventory at 60 days out.
I suggest looking for a property that has a known easy deedback program, or is known to not pursue collections if you default. That should cover your "What if I need to get out?" issue. After that, you're looking for the lowest price that has the lowest maintenance fees. Bonus points if the owner says they have banked points you can use, and they will pay the closing costs.
I will say there's a thread on Mt Amanzi in South Africa, where the owner pays like $200 per week per year in maintenance fees and it looking to sell for basically closing fees. Apparently they can't do collections from South Africa if you default, so minimal risk to try it out. It trades in RCI, so I don't know what you can do with a couple of weeks of unknown "trading power" weeks in RCI. At a minimum, you would get access to their last-minute inventory.
Good Luck!