Princ3ssgldy
Earning My Ears
- Joined
- Feb 13, 2019
Hey all!!! New member here, but as the title says, I just won a bankruptcy auction for 200 DVC Points at Animal Kingdom, and I'm very excited!!!
The total price I'm paying for the points is approximately $17,000 (including the bankruptcy judgment to be satisfied, so I'm paying approximately $85/pp (excluding closing costs). A good price, but still high enough I hope to make it through the ROFR.
My plan is to rent out 150 of my points every year (either directly or by making and selling reservations) so as to cover my MFs of $1,600 or so, and also to build up some cash to make up for my purchase. The other 50 will hopefully be used or bartered for personal vacations. I'm hoping to make back at least $2,250 each year from the rental of my points.
I know that I shouldn't get too excited before the ROFR comes back, but I can't help it! I just spent a few days at Disney as an adult with my two little girls, and honestly it was more magical then being there when I was a kid myself.
Just wondering if anyone has any advice for me? First thing I'm going to do now is order a title report and make sure that everything is clean. What else should I be doing? How easy or likely will it be for me to rent out my points? From what I understand, it's completely legit, and it is fairly easy to get $15/pp with enough time left in the UY.
Any and all advice is appreciated.
The total price I'm paying for the points is approximately $17,000 (including the bankruptcy judgment to be satisfied, so I'm paying approximately $85/pp (excluding closing costs). A good price, but still high enough I hope to make it through the ROFR.
My plan is to rent out 150 of my points every year (either directly or by making and selling reservations) so as to cover my MFs of $1,600 or so, and also to build up some cash to make up for my purchase. The other 50 will hopefully be used or bartered for personal vacations. I'm hoping to make back at least $2,250 each year from the rental of my points.
I know that I shouldn't get too excited before the ROFR comes back, but I can't help it! I just spent a few days at Disney as an adult with my two little girls, and honestly it was more magical then being there when I was a kid myself.
Just wondering if anyone has any advice for me? First thing I'm going to do now is order a title report and make sure that everything is clean. What else should I be doing? How easy or likely will it be for me to rent out my points? From what I understand, it's completely legit, and it is fairly easy to get $15/pp with enough time left in the UY.
Any and all advice is appreciated.