What would you buy for $195,000?

[PerryM]

20/20 hindsight is wonderful

PerryM;215629 If someone were to give me $195k (plus enough to pay the taxes) and stipulated that it MUST be spent on something for family vacations I’d immediately buy into BelleHavens for $200k Link: www.bellehavens.com.



If these were the rules, I would just get a couple of nice beachfront TS in San Diego and put the rest in the bank to collect interest and pay for the MF.

Otherwise, I second the "Pay off my mortgage"!!!

Well, if those were the rules I’d do exactly what I stipulated at the time.

However, taking 20/20 hindsight into account, I’d buy a condo-hotel in Orlando and use it and put it into the rental pool. I have a deed, guaranteed usage, and a little cash income to pay the MF’s.

I've seen many condo-hotels in this price range in the past 2 years. Now they can be found on the MLS for close to the original purchase price.

P.S.
Thinking about it for 1 minute I'd stick with my original choice - the BelleHavens for $200k. We already own 2 condo-hotels and a lot of timeshares so I'd take the gift as BelleHavens. I just assumed the membership fee had increased since then, but it's still $200k.

 

[Steamboat Bill]

As a condo-hotel owner....I can't reccomend them to anyone. I just have not seen the promised revenues and the capital appreciation....so far has been NEGATIVE.

We all know about NOT buying a TS in Orlando due to the glut of units...I hightly doubt the condo-hotel market will be different and doubt it will ever gain legs. This to me seems like a great way to loose money. I, of course, will change my opinion if some owner submits a PROOF of concept in the form of their year end REAL (not projected) statements.

I also think BelleHavens is a fantastic DC....this to me represents much better value than Exclusive Resports and the homes make HCC properties look tiny.

However....there is a catch....price!

BelleHavens
$200,000 deposit + $17,500 MF for 30 night use
$333 (lost opportunity per day @5%) + $583 daily MF = $916 per night

Why does BelleHavens only rebate memebrs $275 per unused night?...nice built-in profit....but at least they offer a rebate when other DC offer nothing.

Now compare that to HCC (my DC of choice) that costs about $300 per night and you can see why I bought HCC.

Thus, if I had $195,000...I would NOT choose ER (the current DC champion)and buy BelleHavens....but the $17,500 MF per year would be a killer.

I still choose HCC! and pocket the cash.

 

[PerryM]

Location...

As a condo-hotel owner....I can't reccomend them to anyone. I just have not seen the promised revenues and the capital appreciation....so far has been NEGATIVE.

We all know about NOT buying a TS in Orlando due to the glut of units...I hightly doubt the condo-hotel market will be different and doubt it will ever gain legs. This to me seems like a great way to loose money. I, of course, will change my opinion if some owner submits a PROOF of concept in the form of their year end REAL (not projected) statements.

I also think BelleHavens is a fantastic DC....this to me represents much better value than Exclusive Resports and the homes make HCC properties look tiny.

However....there is a catch....price!

BelleHavens
$200,000 deposit + $17,500 MF for 30 night use
$333 (lost opportunity per day @5%) + $583 daily MF = $916 per night

Why does BelleHavens only rebate memebrs $275 per unused night?...nice built-in profit....but at least they offer a rebate when other DC offer nothing.

Now compare that to HCC (my DC of choice) that costs about $300 per night and you can see why I bought HCC.

Thus, if I had $195,000...I would NOT choose ER (the current DC champion)and buy BelleHavens....but the $17,500 MF per year would be a killer.

I still choose HCC! and pocket the cash.

Bill, my suggestion was for using the gift of $200k. I'm fearless with other people's money. I'm assuming you would have to buy 4 HCC's for that $200k and make the 4 MFs (HCC is $50k a mermberhip). It's the ENTIRE $200k to be spent on some sort of vacation ownership.

A friend of mine did buy a condo-hotel right next to the convention center in Orlando - the condo is still being built and they have reservations for 3 years already. It's an IntraWest (Playground) at The Orange County Convention Center is booked up 15-25 years in advance and this condo-hotel is a stone's throw away. I believe it is branded a Westin. So it's location, location, location like any business venture.

 

[TomCayman]

If someone were to give me $195k (plus enough to pay the taxes) and stipulated that it MUST be spent on something for family vacations I’d immediately buy into BelleHavens for $200k Link: www.bellehavens.com

This is the ONLY $200k fractional investment anywhere (except maybe 1) that appreciates with real estate. Assuming a 10% real estate appreciation for 10 years, (very hot locations) that $200k will be worth $472k of which you get 90% or $425k - $200k investment = $225k selling 10 years from now.

MFs are $16k per year and if you compound them at their 5% then the 10 year MF cost is $201k.

That means I make a $24,000 profit over 10 years and you get 4 weeks of usage a year or 40 vacations to boot.

Caribbeansun, would you like to chime in and correct the statement in bold, knowing as you do another fractional that appreciates with real estate and costs about $200k ?

 

[Breezyone]

I agree with Shagnett and Geekette.

It is nice to dream about that kind of money. In PEI, Canada, I could build a mansion of a new home, or pay off the mortgages on my cottage(summer home), my house and the duplex we own plus all my credit card debt. Put the timeshare we bought last year from a developer on credit card and I would still have money left over.

 

[PerryM]

ooooppppppsssss

Caribbeansun, would you like to chime in and correct the statement in bold, knowing as you do another fractional that appreciates with real estate and costs about $200k ?

Of course I meant DC and not fractional; sorry. I will to 20 pushups later tonight as a punishment.