ducks33
newbie
I have a friend that owns [several Marriott weeks.]
Last year she paid around $12k to be able to trade her weeks for destination points. I think they gave her 100 Marriott Vacation Club points with the purchase. The only reason she did this was to be able to rent out the property "easier" she has no intention of using the property other then at [deleted.]
I talked to a couple people regarding this last year and they said that was really expensive. They had done it years ago when it only cost around $1000.
Anyway she just got back from Desert Villas on 12/19/15 and she called me to tell me she had purchased 1000 more Marriott destination points so she would have over 10k points and be allowed access to The Ritz Carlton properties as well as other special benefits. I said wow that sounds expensive for only 1000 points, I told her the $13000 is not the biggest problem how much is this going to cost you per year for the 1000 points in addition to what you are already paying in MF. She did not know. :dead horse: She went on to tell me that the sales person pulled up the Ritz Carlton website and showed her the 3 bedroom unit that she can reserve and then rent out for $22k+ for 1 week and it would only cost her around 2500 points. I am not a Marriott expert but my golden rule is if it sounds too good to be true, it is!
She is still inside the rescission period and I am trying to get her to rescind while she still has time. I told her you have 7 days to rescind and if you want to move forward with this deal after you have thought about it you can always go back and do it at a later time. Any thoughts would be appreciated.
Question 1- What benefits do you get for having 10k+ Destination Points
Question 2- Has anyone Rented out Ritz Carlton Vail 3 Bedroom and Rented it out for substantial money ($10k+)
Question 3- Wouldn't everyone be doing this if it was true?
Question 4-I feel like I am taking crazy pills. Does this all sound like BS to you?
Last year she paid around $12k to be able to trade her weeks for destination points. I think they gave her 100 Marriott Vacation Club points with the purchase. The only reason she did this was to be able to rent out the property "easier" she has no intention of using the property other then at [deleted.]
I talked to a couple people regarding this last year and they said that was really expensive. They had done it years ago when it only cost around $1000.
Anyway she just got back from Desert Villas on 12/19/15 and she called me to tell me she had purchased 1000 more Marriott destination points so she would have over 10k points and be allowed access to The Ritz Carlton properties as well as other special benefits. I said wow that sounds expensive for only 1000 points, I told her the $13000 is not the biggest problem how much is this going to cost you per year for the 1000 points in addition to what you are already paying in MF. She did not know. :dead horse: She went on to tell me that the sales person pulled up the Ritz Carlton website and showed her the 3 bedroom unit that she can reserve and then rent out for $22k+ for 1 week and it would only cost her around 2500 points. I am not a Marriott expert but my golden rule is if it sounds too good to be true, it is!
She is still inside the rescission period and I am trying to get her to rescind while she still has time. I told her you have 7 days to rescind and if you want to move forward with this deal after you have thought about it you can always go back and do it at a later time. Any thoughts would be appreciated.
Question 1- What benefits do you get for having 10k+ Destination Points
Question 2- Has anyone Rented out Ritz Carlton Vail 3 Bedroom and Rented it out for substantial money ($10k+)
Question 3- Wouldn't everyone be doing this if it was true?
Question 4-I feel like I am taking crazy pills. Does this all sound like BS to you?
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