I am not a timeshare owner (Yet) but have read up alot and undersand most aspects. I live about an hour from OC and was searching for vacation property. I Came across an individual who is trying to unload his timeshares, I would pay lawyer fee to tf deed. 8 of his are fixed red weeks at Club Ocean Villa II in OC. 2 bed 2 bath, indoor and outdoor pool, boat dock. Maint. fee $645. Besides getting some use since wife and I are teachers, are people successful keeping their weeks full and making passive income using Air BNB? They are all booked during red weeks for rentals going for 225-275 a day from what I have researched (not his units as he has only rented through company and wasnt aware of other ways). The Company , VRI, allows you to split week if you need to for shorter rental periods. Any thoughts? He also has other weeks and a few at Sea Time, Ocean Front spring and fall weeks 3 bed 2 bath units. Sea Time is privately owned by a family but uses RCI. One spring week is spring break and same timeshare back to back 2 fixed weeks. Many of them I would have to cover MX fee for this year as part of sale with lawyer fee. He is needing to unload these for personal legal reasons, thoughts? Would I be crazy to take alot of them and try to rent and use a few here and there? Honest feedback appreciated!
TIA
TIA