Possible Re-Sale Path to VIP Status?

[rrlongwell]

Under the member's directory and verified by Reservations apparently someone with no ownership interest in Wynhdam Vacation Resorts can buy fixed weeks contracts and they count as VIP Eligable Points.

Please check my math if this hypothetical is true:

2 fixed week contracts that are 2 bedroom - 154,000 point contracts (most likely from the Legacy resorts in the Wynhdam Vacation Resorts portfolio).

$1 dollar to buy
Seller paid closing
Seller paid transfer fee

About $2,500 to pay for the conversion to points.

Out of pocket expenses equal $5,000 or less.

Additional fixed week contracts could be purchased to increase the VIP level to whatever is desired?

 

[kaio]

About $2,500 to pay for the conversion to points.

Interesting... but understandable IMO... if you obtain a fixed week on resale but then convert to points, then you are obtaining those points from the developer. [and paying developer conversion price to do such]... definitely a cheaper route towards vip then buying UDI points from the developer tho. good information.

 

[rrlongwell]

Interesting... but understandable IMO... if you obtain a fixed week on resale but then convert to points, then you are obtaining those points from the developer. [and paying developer conversion price to do such]... definitely a cheaper route towards vip then buying UDI points from the developer tho. good information.

Thanks. I give up, I see "IMO" often and do not have a clue what it means.

 

[ronparise]

Nice idea, but it wont work. Ive tried

 

[rickandcindy23]

You can buy floating red weeks at Wyndham's flagship resorts, go to a sales presentation, pay about $15K, and become VIP Platinum pretty easily.:ignore:

 

[timeos2]

Nice idea, but it wont work. Ive tried

You're correct, Ron. Can't do it. Resale is resale fixed or points

 

[Rob&Carol Q]

Thanks. I give up, I see "IMO" often and do not have a clue what it means.

IMO = In My Opinion
IMHO = In My "Humble" Opinion

It's good to have texting queens in the house sometimes...

 

[bnoble]

Nice idea, but it wont work. Ive tried

Right. Once upon a time, paying to convert was considered a "developer purchase", whether or not you were the original owner of the week. That loophole was closed some time ago---now, you must be the original owner (and maybe not even then; I'm not sure).

 

[ronparise]

Ive looked into this and the cheapest path to gold as near as I can tell, is to buy two 3 bedroom red weeks at resorts affiliated with RCI, but not points of any kind. and PIC them into the Wyndham system with a retail purchase of a 126000 points.

254+254+126=634000 points and gold VIP...Depending on the mf for those three bedrooms units your mf per 1000 points can be quite low, perhaps even under $3/1000 points. That and the 35% VIP Gold discount and the 10 guest certificates might make this seem attractive.

However

That retail purchase will cost you $12000 to $27000 depending on where you do it. National Harbor quoted me $27000 when I was there recently and Corporate sales offered me a contract for $12000

In my estimation the cost benefit ratio is not favorable and the payback period too long

The exception is if you plan on adding several million more points (purchased resale) to your account for the VIP discounts, then I can make the argument that this makes sense

 

[WeLovetoTravel]

Thanks. I give up, I see "IMO" often and do not have a clue what it means.

It means in my opinion

 

[kalua]

quick path to vip

ronparise it is my understanding that all of your resale points can not be counted toward vip or get the discount, except the resale you buy from wyndham in your example 126,000 from wyndham,and the to pic weeks are all that counts nothing you have, or add later, except those purchased from wyndham

 

[ronparise]

ronparise it is my understanding that all of your resale points can not be counted toward vip or get the discount, except the resale you buy from wyndham in your example 126,000 from wyndham,and the to pic weeks are all that counts nothing you have, or add later, except those purchased from wyndham

No; if you are vip (say with 350000 qualifying points) and you get 5 guest certificates and a 25% discount in the 60 day window...You can add more resale points (say 650000 more) to your account and all one million will get the 25% discount. ie additional resale points wont move you to the next level, but all your points will enjoy the same discount

I suppose that could change, in fact I had a salesman tell me last week that to get vip status all the qualifying points have to be purchased at the same time....I think he was going for a big sale, and what he said was total crap...but Im not positive

 

[rrlongwell]

IMO = In My Opinion
IMHO = In My "Humble" Opinion

It's good to have texting queens in the house sometimes...

Thanks for the defination and responses to all.

 

[antjmar]

You can buy floating red weeks at Wyndham's flagship resorts, go to a sales presentation, pay about $15K, and become VIP Platinum pretty easily.:ignore:

Only $15k for VIP Platinum??? Did you forget a zero at the end?

 

[chapjim]

ronparise it is my understanding that all of your resale points can not be counted toward vip or get the discount, except the resale you buy from wyndham in your example 126,000 from wyndham,and the to pic weeks are all that counts nothing you have, or add later, except those purchased from wyndham

I bought 1,011,000 points from Wyndham. Four different contracts over about seven years. The 1 million points made me VIP Platinum. I then bought another 2 million resale points. Unquestionably, the resale points BY THEMSELVES would have not qualified me for VIP status. However, I bought them after getting VIP Platinum and I use the resale points exactly the same way as the other points. I see no difference in their utility. I get 50% discounts, lots of free guest confirmations, tons of housekeeping credits, etc.

 

[rrlongwell]

Interesting... but understandable IMO... if you obtain a fixed week on resale but then convert to points, then you are obtaining those points from the developer. [and paying developer conversion price to do such]... definitely a cheaper route towards vip then buying UDI points from the developer tho. good information.

Also, arguably, creates the "ownership interest" that appears in the membership directory. The ownership interest would be the contract where you paid Wyndham for the points.

"Ownership Interest" as defined in the Members Directory, is, "An interest in (i) a fixed or floating timeshare interval, (ii) an undivided timeshare interrest, (iii) an estate for years, (iv) a leashold/membership or "right to use" interest, or (v) other interests which may be accepted into the Vacation Plan."

It appears to me from the above, that Wyndham points in the Wyndham Vacation Resorts system are the Ownership Interest as described above under points (ii), (iii) (iv), and (v).

Fixed and Floating weeks have their own catagory under primarily point (i), although they could show up under other points as well.

It also appears to me that points associated with a re-sale fixed week contract that are subsequently converted to points bought through Wyndham for X dollars plus giving Wyndham the right to use the underlying week arguably come under a number of the points identified in the member directory definition.

 

[ace2000]

I bought 1,011,000 points from Wyndham. Four different contracts over about seven years. The 1 million points made me VIP Platinum. I then bought another 2 million resale points. Unquestionably, the resale points BY THEMSELVES would have not qualified me for VIP status. However, I bought them after getting VIP Platinum and I use the resale points exactly the same way as the other points. I see no difference in their utility. I get 50% discounts, lots of free guest confirmations, tons of housekeeping credits, etc.

Just curious, do you use all that by yourself or do you rent it out?

 

[am1]

As others have said this will not be a way to VIP. Regardless of how one thinks the member directory reads.

 

[ronparise]

Also, arguably, creates the "ownership interest" that appears in the membership directory. The ownership interest would be the contract where you paid Wyndham for the points.

No...

Points are "symbolic points" symbolic of an "ownership interest"...the ownership interest is in the deeded peoperty. Thats what has to be purchased directly from Wyndham

Bottom line (and Im quite sure about this) is that points from converted fixed weeks are not qualified vip points unless the week was purchased directly from wyndham, .

I understand that some salesmen will promise that they can get it done if you buy a new contract...they are lying. Ask them to put it in writing...and they wont

 

[chapjim]

Just curious, do you use all that by yourself or do you rent it out?

We use very few of the points ourselves. We book a long weekend now and then or a single night to break up an otherwise intolerably long drive (Wyndham Smoky Mountains on the way between Fairfax County, VA and New Orleans, for example).

One reason we don't use more points is we also have seventeen fixed or floating weeks in various places (Cocoa Beach, New Orleans, Pompano Beach, San Francisco, and some others). As a group, it's more difficult to cover maintenance fees by renting the weeks-based units so we try to use some of those ourselves. Even there, we probably only use three or four weeks a year.

In 2011, we did weeks at Wyndham Santa Barbara (right after nine days in 2010 at Ocean Walk in Daytona), Quarter House, Lake Placid Club Lodges (an exchange), and Quarter House again. Plus long weekends at Governor's Green in Williamsburg and Skyline Tower in Atlantic City.

Barring some work complications that might arise, we're planning on hitting Quarter House for a week starting 12/30 (New Years Eve and the Saint-Carolina game on New Years Day, then watch the Sugar Bowl crazies make fools of themselves), then a night at Wyndham Panama City Beach on the way to a week at Wyndham Santa Barbara. I'm going to try to see some Washingon Nationals spring training and have two March weeks at The Resort on Cocoa Beach for that, if I can pull it off. If not, we'll probably go to ROCB for Memorial Day week. It gets fuzzy after that. Maybe Santa Barbara (one of our favorites) in late July, our annual Thanksgiving Week at Quarter House. Something like that.

 

[ronparise]

When I grow up I want to be just like Jim; Renting enough timeshare points and weeks to pay for what I use myself and to make a profit

If Wyndham is my vehicle, my analysis tells me that platinum or gold is needed to make this happen. Thats why I have looked into possible paths to VIP as closely as I have. I 'm certain it can not be done without a retail purchase. And it dosent make sense (to me) without 3 million or more points, most with arp for special event weeks in various cities (Bike week in Daytona, Mardi Gras in New Orleans, snow bird weeks in Pompono etc)

Thanks Jim, for sharing

 

[ace2000]

When I grow up I want to be just like Jim; Renting enough timeshare points and weeks to pay for what I use myself and to make a profit

If Wyndham is my vehicle, my analysis tells me that platinum or gold is needed to make this happen. Thats why I have looked into possible paths to VIP as closely as I have. I 'm certain it can not be done without a retail purchase. And it dosent make sense (to me) without 3 million or more points, most with arp for special event weeks in various cities (Bike week in Daytona, Mardi Gras in New Orleans, snow bird weeks in Pompono etc)

Thanks Jim, for sharing

Ron, if you ever figure out the best method, please PM me!

 

[rrlongwell]

No...

Points are "symbolic points" symbolic of an "ownership interest"...the ownership interest is in the deeded peoperty. Thats what has to be purchased directly from Wyndham

Bottom line (and Im quite sure about this) is that points from converted fixed weeks are not qualified vip points unless the week was purchased directly from wyndham, .

I understand that some salesmen will promise that they can get it done if you buy a new contract...they are lying. Ask them to put it in writing...and they wont

What you said in the last paragraph is not a total lie, I know of at least one case where this has happened. I did not mean to upset the staus quo on the company line on tugs. Sorry about that. Everything is not necessarily as it appears in the World of Wyndhamland.

P.S. In my experience Wyndham Sales Staff does put things like this in writting, if you are insistant that it be part of the sales process and is necessary to complete the purchase. If anyone out their has actually purchased re-sale a fixed week and converted it to points, can they give Wyndham Owner services a call and see if they are VIP eligable points and post the answer, it would be appriciated.

 

[kaio]

Also, arguably, creates the "ownership interest"

I think the reasoning has logic for sure... but I know little to nothing regarding the developer process and everything involved. It leaves me pondering in different unrelated aspects tho ... Wyndhamland... lol...

 

[kalua]

vip status

ronparise with what you said about once vip status is achieved , all resale points added is treated as vip ,if i understand your post correctly, that is contrary to every up date i've attended in the last 3 year's ,even with purchasing a new annual contract of at least 154,000 or so , at MB 2 weeks ago i was told they would not count .this is interesting ,one time i pressed the issue of them telling me they would count i told them that if they put it in writing and i would sign ,they reneged,then so did i.have you done this? we all know how to tell when a wyndham salesperson is lying !! and even if they had put it in writing wyndham could always say that the person did not have the authority to do that.,just look at the way they keep changing things and taking away benefits .