Timeshares is good investment or not.

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Original Message:

Re: Timeshares is good investment or not. (by David J.):

I actually used this site - it has a good reputation in the industry for buying/selling timeshares. There are also some links (on this site) to businesses that will assist with the closing.

However, as I stated earlier - bought (1) "Red" week from a developer in 2001(for a property in Myrtle Beach) for $10,000. Sold it for $1,000. After transfer fees and some closing costs (buyer paid most of these) I walked away with an $750 check in my wallet.

Just nice to be out from under the annual contract. Don't think I will get back in as an owner. Too much inventory on the market and easier to make a "deal" on a last minute rental.