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Thread: PLEASE help.... buying a timeshare for the first time. need honest advice

  1. #41
    Quote Originally Posted by JLB View Post
    Don't use your real name on the Internet.

    I know you are winking but gotta say,, I respect the comments made by folks that use their real name more than those that hide behind a made up name

  2. #42
    Hi Ron ! I know you have both wm and wyndham and I was wondering what do you feel is easier to use.

    LLIB

  3. #43
    but that he should rent from someone that is no doubt making money with timeshares.
    That you make money renting timeshares is not evidence that most do. I'm quite convinced that most people who rent---particularly those who rent casually, which describes the vast majority of "landlords"---do not. Just look at the rental prices on TUG, Redweek, etc. There are lots and lots of resorts available in great locations and at great times for right around MFs and sometimes less. Factor in the cost of acquisition? Most of these are under water.

    I respect the comments made by folks that use their real name more than those that hide behind a made up name
    I always post under (some version of) my real name, on any board. It is useful to remember that even pseudonyms are easily traceable to real people.

  4. #44
    Quote Originally Posted by easyrider View Post
    Hi Ron ! I know you have both wm and wyndham and I was wondering what do you feel is easier to use.

    LLIB


    Neither one is difficult to use. Dont get me wrong, you have to spend a little time learning how either one works, but its not rocket science. I would liken them both to the game of chess. You can learn the rules and make the moves in an afternoon. but it takes a lifetime to master.

    There is an website put together by a Worldmark owner that does an excellent job of teaching you the Worldmark system from the basics to the more advanced topics. http://www.wmtsinfo.com/

    There is nothing like it for Wyndham (although Ive been tempted to do one myself) except the Wyndham Primer that you can find on the Wyndham Owners website. Its more of a history book than a how to manual
    http://forums.atozed.com/index.php
    http://forums.atozed.com/download/file.php?id=2946
    This is well done but a little outdated You should completely ignore anything here dealing with RCI exchanges.


    To the advice I give prospective timeshare buyers like the op.....The reason to buy a timeshare has, in my opinion nothing to do with the ease of use. Rather its all about the resort(s) You can always learn how to use it.

    Wyndham has a lot on the east coast and some in the west. Worldmark more in the west and only a few in the east.
    Wyndham is cheaper to buy, Worldmark is cheaper to use, but the way I run the numbers; over time the expense evens out (just dont buy from the developer)

    I bought Wyndham initially because they are the only timeshare system that has resorts in the DC metro area, and they also have a ton of properties within a few hours of my home in Florida. I bought more to fuel my vacation rental business in New Orleans. I bought Worldmark because they have resorts near my daughter and grandkids in California. and because they also have units in New Orleans that I can use for rentals.

    So you can see I followed my own advice, Buy something that works well for your own use that also has good rental potential just in case you cant use what you own yourself. Your needs will be different than mine. The ops first job will be to define his own needs, before he gos shopping. (but he must always remember that the buy nothing option is one of his choices.

  5. #45
    Quote Originally Posted by bnoble View Post
    That you make money renting timeshares is not evidence that most do. I'm quite convinced that most people who rent---particularly those who rent casually, which describes the vast majority of "landlords"---do not. Just look at the rental prices on TUG, Redweek, etc. There are lots and lots of resorts available in great locations and at great times for right around MFs and sometimes less. Factor in the cost of acquisition? Most of these are under water.


    I always post under (some version of) my real name, on any board. It is useful to remember that even pseudonyms are easily traceable to real people.
    Sorry I didnt mean to suggest that what I do is everyone's experience. I know you are right most that rent dont make money. but most rentals are offered by the few of us that do. (And by the way I can routinely offer rentals for less than my mf and still make money)

    I think if the op decides to rent on a regular basis he probably will develop a relationship with a professional that is making money

    And now for my rant.....I dont like unsolicited advice....If I had listened to the advice I got when I started my timeshare adventure, I never would have started. "its to hard", "its too risky", its too expensive" "you will lose money", "you cant compete with the big boys" etc etc. So now I neither advise anyone to rent or not to rent. but if someone is interested Ill answer questions from my experience and help in any way I can...Im not going to prejudge anyone's ability, drive or determination, I could advise the op to rent and then send him a note soliciting his business. but I didnt do that. I would rather answer his questions and stay away from giving unsolicited advice. (rant over)

  6. #46
    Please excuse me, I'm a Dick. Not a moron just a Dick
    Join Date
    Jul 2005
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    15,346
    Quote Originally Posted by ronparise View Post
    I know you are winking but gotta say,, I respect the comments made by folks that use their real name more than those that hide behind a made up name
    It's not about respect; it's about the occasional crazy internet psycho cyber stalker that comes along every now and then. Of course, some of us here have been more victimized than others. What the cyber-stalker actually did in my case would shock most folks here. No sense making it easy on them, like using your real name, or the same handle on every site

    (Hi, how ya doin today? )

    Then there was the guy last year using his real name, and he freaked when I posted enough so that he knew that's all it took for anyone to know where he lives, and where he had two other "locations".
    - - - - -
    Also, if folks care to pay attention, there's lotsa others saying things very similar to what I say.

    For me/us, the renting thing goes back 25 years. I remember us talking about getting exchanges and then renting them out in what was called newspapers, and making money. We were talking about that right in front of the sales people, and, strangely, none of them corrected us. We were shocked when we found out you can't do that.

    Last edited by JLB; 07-09-2014 at 04:42 PM.
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  7. #47
    Please excuse me, I'm a Dick. Not a moron just a Dick
    Join Date
    Jul 2005
    Posts
    15,346
    Quote Originally Posted by JLB View Post
    Cottage cheese was $3.98 yesterday.

    Sure you know what a cow is?
    I looked yesterday when I stopped by to visit where we deposit most of our money. Hiland was $3.98 and Great Value was $2.98.

    We normally get Great Value, even when the prices are closer, because we don't like the taste of Hiland. But they fooled me with that similar-looking packaging. I'm getting easy that way.

    Fortunately with my summer cold, the Hiland is tasteless.
    RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dick

  8. #48
    Quote Originally Posted by Glitter Brunello View Post
    Sally asks good questions.

    Whatever you do, don't borrow money to buy a timeshare, and don't plan on making any money at it, that is extremely rare
    Agree with this. They will tell you how you can rent them to make money but in my experience it's difficult at best.

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