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On the fence, should I take over Deeded fixed weeks in Ocean City MD

KanyeEast

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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
 

tschwa2

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Red week means nothing. Summer week is what is important. What week is it deeded for?
Spring and Fall weeks are nice for personal use but isn't that easy to rent out above MF's.
Both resorts are on the older side. In summer it doesn't matter. Other times of the year people are more picky.
 

KanyeEast

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21, 23, 25, 26, 27, 30, 31, 35, 38. Fall 41, 44 and 52 Christmas. Those are at Club Villas II
 

tschwa2

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25,26,27,30 and 31 are good. The rest are not. If he is selling them as a package deal I wouldn't take them.
 

5finny

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Start slow
Renting is much harder than it looks
Some on Tug have mastered it and do well
I own too many timeshares and bought them all for my own personal use
I rent out the ones I can't use-not something I either want to do or something I like to do
Took me years to do it right and I now make enough to cover my costs plus
Have you been to the resort ?
If not rent a week
If you like it and want to personally use it then maybe take weeks 26 & 27
When you don't use them yourself you can get your feet wet renting them out
Good luck
PS
It is much easier to buy a timeshare than to sell one
 

CPNY

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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
Buy to use, not rent. Also, buy where you want to go. If that resort is a place you want to be then sure pick up a week or two. I wouldn’t take all of them. Maybe you should rent around before jumping in
 

taloa

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21, 23, 25, 26, 27, 30, 31, 35, 38. Fall 41, 44 and 52 Christmas. Those are at Club Villas II
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
what did you decide to do?
 

wackymother

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We're looking to buy a summer week downstairs unit at Club Ocean Villas II, ideally a week 26, 27, or 28. Would your friend be interested in selling a week to us?
 

Mongoose

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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
VRI offers day use privileges at some locations. That would be a plus. I would only do this if you like the location and would use it yourself.
 
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