Invest Like a Boss

276: Timeshares 101 - How to Exit This Bad Travel Investment


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Johnny and Derek sit down for a 101 episode on a terrible investment - the Vacation Timeshare! Many people, especially in America, get suckered into these seemingly great vacation getaway deals only to find out they are much less glamorous than was pitched to them in their sales presentations. Besides the initial high fee to get in on these timeshares, they annual fees and restrictions really start to make you regret buying in. On top of that, when you want to get out, it's not easy to do! We go over everything in this episode from why timeshares are a bad to how to get out of one if you find yourself stuck. 

Discussed: 

    • VIDEO: Inside Timeshare Sales Staff Meeting
    • VIDEO: The Queen of Versailles Trailer

 

Where we are:

    • Johnny FD – Kyiv, Ukraine / IG @johnnyfdj
    • Sam Marks – South Carolina/ IG @imsammarks
    • Derek – Los Angeles / IG @DerekRadio

Sponsor:

    • ILAB Patreon
      Join the Invest Like a Boss Patreon now and get tons of bonus content, including additional episodes, full quarterly updates including account screenshots and more for as low as $5/month at Patreon.com/InvestLikeaBoss

Like these investments? Try them with these special ILAB links:

    • Fundrise – Start with only $1,000 into their REIT funds (non-accredited investors OK)
      *Johnny and Sam use all of the above services personally.
    • Invest Like a Boss Patreon
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Time Stamp:

    • 05:59 - How Johnny Sold Timeshares
    • 12:40 - Different Types of Timeshares
    • 24:52 - Johnny's Family Member Bought a Timeshare
    • 38:24 - How to Exit Your Timeshare

If you enjoyed this episode, do us a favor and share it! If you haven't already, please take a minute to leave us a 5-star review on Apple Podcasts and Spotify.

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Invest Like a BossBy Sam Marks Johnny FD Derek Spartz

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