WALK AWAY FROM TIMESHARE

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Re: WALK AWAY FROM TIMESHARE (by Charles G.):

jayjay wrote:
I would be curious if they bought from the developer or resale. They'd have to rent for several (many many) years far and above their maintenance fees to make enough profit to pay for a developer bought timeshare plus yearly maintenance fees. I personally don't get it ... even if they double their maintenance fees in rentals.
jons29 wrote:
jayjay; They actually make money off the rentals, as opposed to most of us. The units are all paid for and after paying maintainance fees, they pocket the diff. They are probably clearing 2-2,500 annually. Not a great sum, but, Hey.

One of my relatives purchased 4-weeks in Cabo San Lucas for the main purpose of renting most of the weeks out and maybe using one or two himself. Stay tuned as I have no idea how that will work out. However, I do know that he purchased through the developer. Chuck