- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: How to get rid of timeshare?
Posted on 7/19/20 at 9:00 am to EngTiger
Posted on 7/19/20 at 9:00 am to EngTiger
Can you convert them into points?
My grandparents were / are big into timeshares. In 2008, I think they owned around 50 / 60 of them. They would rent them out and also go on probably 15 / 20 trips a year. They made decent money off doing this of say something like $40k a year.
But then 2008 happened and they figured out it wasn’t the best financial investment, although they’ve allowed our family to take a lot of trips together. Over the past few years they’ve been trying to offload them and have sold a few of them, but have had better luck in converting to points. They still do okay with the ones they own now.
However, as a family we are pretty close to having a big problem. They are in their 80s, still own probably 40, and pretty much refuse to “teach” us how to manage these things. Soon we (mostly my parents) are going to be dumped 30 / 40 timeshares with yearly fees around $50k and have no idea how to manage them or offload them.
My grandparents were / are big into timeshares. In 2008, I think they owned around 50 / 60 of them. They would rent them out and also go on probably 15 / 20 trips a year. They made decent money off doing this of say something like $40k a year.
But then 2008 happened and they figured out it wasn’t the best financial investment, although they’ve allowed our family to take a lot of trips together. Over the past few years they’ve been trying to offload them and have sold a few of them, but have had better luck in converting to points. They still do okay with the ones they own now.
However, as a family we are pretty close to having a big problem. They are in their 80s, still own probably 40, and pretty much refuse to “teach” us how to manage these things. Soon we (mostly my parents) are going to be dumped 30 / 40 timeshares with yearly fees around $50k and have no idea how to manage them or offload them.
2
Posted on 7/19/20 at 2:01 pm to POCKET
Bless your soul.
Posted on 7/20/20 at 9:17 am to POCKET
quote:
My grandparents were / are big into timeshares. In 2008, I think they owned around 50 / 60 of them. They would rent them out and also go on probably 15 / 20 trips a year. They made decent money off doing this of say something like $40k a year.
I've always wondered about something like this. So many people are looking to dump timeshares / give them away. Get some investors together to get them for almost nothing, and then rent them out. If you get enough of them (at least 50-100) you can then offer a range to potential travelers.
There's no net worth increase potential, but if you get them for almost nothing, there is no real loss potential either. Just trying to positive cash flow.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News