Why a Timeshare is a Terrible Real Estate Investment

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Buying into a timeshare is not a smart way to invest in real estate. There’s probably a better real estate investing option if the goal is to earn a return on your investment. On this episode of Big Money Real Estate, Ilyce answers a question on using a timeshare as an investment to help reduce taxable income. While losing money on an investment can indeed provide a way of reducing your tax bill, it rarely – if ever – makes good investing sense to deliberately lose money. The biggest issue with timeshares is finding an exit strategy. Although it may make short term financial sense to buy a timeshare instead of a vacation property, it could turn out to be a bad choice in the long run because timeshares are so difficult to sell. Meanwhile, a vacation home that costs a lot up front could end up costing less overall if it appreciates in value and you’re able to sell it without too much trouble. So watch this video to learn more about why timeshares are among Ilyce’s least favorite real estate investing strategies. And check out Ilyce’s Intentional Investor Series to learn everything you need to know to become a successful investor in real estate. Looking for more of Ilyce’s real estate and personal finance tips? Read her blog, see her tweets and follow her on Facebook.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.