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Timeshare Investment Facts & Myths Everyone Should Learn

timeshare investingq

September 9, 2020 – by Primo Management Group

timeshare investingq

The investment itch is something most of us get at some point in early adulthood and we cannot scratch it, especially as we get started in looking into buying homes, stocks, maybe growing a business or setting up your retirement. Real estate is a great area to invest in because it’s usually steady and you own something that cannot disappear. The rule of thumb is that you can never lose all your money in real estate, just some of that. As we learn more about investing we learn that’s not exactly true but there are always exceptions to the rules we’ve learned over the years. One of those rules is that you have to own the property you’re making money off of. Actually, that’s not true either and a great example of this is people who invest in timeshares.

These people have invested into the property and grabbed their locations at specific times of the year. They rent out these units every year for a profit and those who grabbed great locations and time could make a very comfortable living simply on that alone. Think of someone who owns a timeshare in New Orleans the week of Mardi Gras? There are advantages and disadvantages to everything and here are some facts and myths you need to know about before you get started.

Fact: People Make Money Investing In Timeshares All Around The World

Yes, this statement is true and it’s covered earlier in the article. The trick is that you have to have a very nice location near a major city or where an event takes place and you need to also own that unit during that event. Using the Mardi Gras example again, it’s great to own a timeshare in New Orleans, but if it’s the week before or after the big event, what good is it?

Myth: All Timeshares Are Scams And Steal Your Money

While we as consumer advocates do not recommend that anyone gets their own agreement with one of these resorts, there are companies that actually run things the right way and give their customers a fair shake. They are the ones who have learned how to do business the right way and their customers are happy. You should be able to tell them from the scam companies based on reviews and information you find online.

Fact: You Can Invest In Multiple Units As Long As You Want

Yes, there are no limits to how many units you can have and rent out as long as everything is being done correctly and all laws are being followed.

Myth: Most Resorts Don’t Allow You To Rent Out Your Units

Some resorts may have policies that require you to go through them if you want to rent out a unit you own. It would be the same as renting out a condo and having to make sure that the renter is approved by the association. Not every property does this as most simply do not care because it’s part of the appeal of owning a property and they do not want to interfere.

There are plenty of other myths and facts you can learn about investing in timeshares. The best and smartest thing to do is to take your time and research what you are interested in so that you know everything about the company, the area and so forth. The more information you have going in, the better prepared you will be and find a quality return on your investment.

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Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. Let us help you. Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, the resorts are loath to give back the money they’ve already taken for timeshares.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.