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Originally posted by rfranta
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I bought RCI membership for $30/yr ( from SA timeshare), $3000 is like 100 yrs membership to me. If something is too good to be true then you know the answer. -
O.K., So it is one time fee to joint in, and every week depends on the day the range is vary and could be $699. It is kind of confuse when you keeping tell me you just signed up, but use sentence like "we to buy a lot of time solt" and refer we as the whole club. So when you say most, I tend to believe it is for regular owner they willing to pay most.Originally posted by rfranta View Post
And I believe that price is vary.
O.k. let us try the comparison.Originally posted by rfranta View Post
None knows what this company is since this company kinds hide most of its info in the back. But let us use your data
This company you claim its model is $3,000 front cost, have to pay for each week vacation, claim 699 is max you spend. so assume avg is $450.
I will use 2 BD in my model
If I want, today there is a free week given out in this forums. It can be used for II and RCI deposit. Joint both II and RCI is less than 150 per year. RCI last min is less than $129 to $300 per year. Extra vacation is from $300 to $1000 per year. The MF is around $400 per year. assume every 10 year it has $1000 SA today's money, so it will be $650 per year that guarantee one week vacation. Then around $400 for most owner if they just use last call, extra vacation.
Use this model, there is no front cost, we do pay the week usuage, the cost is $400 per week.
Let us use resell model, since I own FF, 154k is around $3000 purchase price. The MF club due and RCI membership is avg less than $700. that guarantee me a 2BD in prime time internal exchange. Then the rest is the same 129 to 1000 but mostly will be 400 or less. If I want to play exchange, that 154k give me around 5 weeks exechange with each week now cost $300 or less, I set up the time usually around 6 month to 1 years 10 month.
Use this model, the cost is $3000. We pay week use, the avg is $350 in 10 weeks.
Now, there is another resell model that is ad in this forum, where you pay a fee to get RCI point ownership for 3 year. At the end of 3 year, you can keep RCI memebership for life by paying 100 or less membership if you want to keep it.
Finally, let us compare the retail model. retail week is around 10k to 20k. But for that, you get control of the week you will go. And if you buy fixed week, you got control the view. Since this company you mentioned buy time slot from resort, and the owners actually own these time slots, so this company has no control over what they will get. They can only get left over from what owner decided to rent out their week at the company's rent rate.
This model is 20K upfront, than the same, so the usuage is $350 per week.
Since we have several members on their HOA board, you would think they will know a company with that operation model. And since they don't know this company, what does it means?Originally posted by rfranta View Post
The fact is, most USA resorts, owner owns the week. Without owner agrees, the resort can not do anything. The resort do deposit week to exchange company on behavior of owner. The resort do rent out their weeks they own (some are unsold weeks, some are weeks returned by owner or defaulted by owner), and sometimes using RCI or II to do it, sometimes, they have their own rent site.
If a company's model is to purchase these week, it should be bounded by its potential members only. If it bought extra, it runs of danger it will have extra weeks and have to eat the cost. so if it does purchase time solt. It will have way much less selections unless it just a simple rent link site that provide by RCI and II. Otherwise, the company has no intention to survive. If that is the case, what says you deposit?
Jya-NingJya-NingComment
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This is the same kind of bogus travel club that postcard companies offer in exchange for their good week. Vacation Solutions has a website of that name that supposedly does the same. What a joke it is, too.
I think your scam is as big as any postcard company or any timeshare salesman.
You are selling this product in the wrong place.
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Shopgirl,Originally posted by shopgirlThis is the same kind of bogus travel club that postcard companies offer in exchange for their good week. Vacation Solutions has a website of that name that supposedly does the same. What a joke it is, too.
I think your scam is as big as any postcard company or any timeshare salesman. You are selling this product in the wrong place.
Try to do a google search on that company then you can look at their website. I don't think they are similar to the post card company. They are direct sale. The only part they are similar is they are working on TS owner and point that TS will need paying MF cost.
The company CEO is ex-TS saleman.
They ask $8,000 to $12,000 to become their direct sale partner. If Rob did joint, I feel for him.
The website contains some interest example, I know FF, there is a Palm Aire for $685 2BD, don't know the availability. But I think if that is the season I think, that probaly is the redweek rent value you will get.
There is one Kona Village 2BR for $799 claims to be available at March. And Morritt's Tortuga Club for $298. Both are bulk space bank last year. I doubt if it is just RCI commerical support or just some company that use maybe Bluegreen or FF to get these deposit. If it is later, then this company will have no chance to suvive in 2 month if someone want to check them.
As I say, I feel for whoever. On the other hand, I guess as direct sale, it can work if you are the first big mouse.
Jya-NingJya-NingComment
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Jya-Ning, try this link. This is a postcard company founded by a guy in Colorado.
Spence just went to one of their presentations, I believe. When you sign over your timeshare, they give something of supposed value in return. A membership in this goofy company. Same thing. They take your timeshare and charge $3,495 or $3,000 or whatever, then you rent from them. It looks similar to me. Perhaps I am wrong. I bought a timeshare from one of their salespeople, tsrecycler on ebay, and he lied and told me he did not work for one of the postcard companies.
Vacation Solutions | Vacation Resort Rentals at Great Prices in Full CondosComment
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So I did a search and found the site for this bogus company. I also found information about Karl Payne, the founder. Team NFL is on the site for the vacation program. Then I did a search on Karl Payne the man and found out he is selling people on how to sell on another site, touting the bogus travel company. He says that one sale will get you $600 and it only takes 10 sales to make $6,000.
Then I did more research on the man and found he is also a chaplain and works directly with the NFL for the Seattle Seahawks. Then, I saw some reference to a connection with him and Stewart Title in Seattle and saw his name as a salesperson on a list that is published on the net. I believe this is all the same person.
Very interesting character. I would stay far away from this scam. They will run out of inventory, unless RCI is going to continually funnel resorts their way, but I am doubting it will last. I don't really get how they do this, but the fact that Karl Payne and a person named Gala Payne both work for Stewart Title is a bit fishy.
Googling a person comes up with a bunch of stuff. I thought it was fun!
I think I will investigate a little more on the guy tomorrow. I am looking for his source for the weeks. The Stewart Title thing is a question for me.
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I notice the TS sales people don't like the Clubs
I was in TS sales for over 3 years. Fairfield and Westgate being 2 companies. There is a saying among TS sales people "Timeshare is for selling, not for buying." No TS sales person in his/her right mind would pay retail for the "property". That word is itself a HUGE can of worms. What is the main reason people join TS? The Exchange! NOT the resort. A lot of heat pitched about how great each resort is and how it trades so easily...hence the popularity of TS Relief type programs. Done intelligently, TS is great...but as far as the clubs go...they are exchanges not affiliated with resorts...I say give 'em a chance...we might all be amazedComment
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BTW ShopGirl
The average commission paid on a TS sale to a salesperson is $700+...before spiffs, and bonuses...so the fact the club is making money shouldn't surprise any of us. TS resort companies can be cash cows.Comment
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I strongly suspect that "Rfranta" is a shill that has now left this site. As Jya-Ning noted, he started off presenting himself as just a satisfied customer, but then started refering to Global Resorts Network as "we".Originally posted by rfranta View Post
For anyone who comes across this thread and is not a shill, save your money. Listen to the many comments here saying that this club sounds like a rip-off. The inventory is likely the same weeks that can be rented for just a couple of hundred dollars from II's or RCI's rental sites.
Even in the unlikely event that this club actually does have some good, discounted inventory now, how do you know that they will have good inventory in the future? You don't own anything with this sort of club, so what's to stop them from selling memberships by offering some good resorts at the beginning, and then offering only junk (or nothing at all) starting six months from now?
When considering a vacation club, always ignore what the salesman says you will save, and ask what you will own.Comment
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This is a MLM company
GRN is a multi-level marketing scheme, operated much like Amway. IF (in capital letters) you get in early enough and sign up everyone you know, you can make some decent money on commissions. If you're high up enough in the pyramid, I believe you might even get some sort of residuals. Overall, the value from this system comes in two ways - getting the opportunity for inexpensive travel (which most people on this board have already figured out how to do via timeshares) and through commissions from getting more people to sign up.
I was approached a while ago, took a close look, and then turned and walked very fast in the other direction. I already know how to get great travel deals so the first one is not an advantage. And the commission I might make is not enough for me to drive away all my friends and family as I try to hit them up to become part of the scheme. Stop and reflect for a moment - you probably know someone in your life who is a member of Amway or a similar system - don't know about you, but we cringe everytime we see them coming because they keep trying to sell us something. In fact, Amway's training philosophy is that you should sell to everyone you know. No thanks, we kinda like to keep our friends!Comment
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Own?! Own!?! Lol!!!
Many of you DON"T own anything. You were sold a bill of goods. Own points? Sorry! That's merely ownership in a "club with points" and that club owns the RE and you have a part of the "club". Doesn't sound right? Let a real attorney peruse your "deed" for legitimacy. You can bet your sweet deed the TS lawyers set things up to protect their clients' interests.
BTW...ownership implies control, not usage. If you own Disney (inside) it is a lease to use...same with any TS outside the US...just a lease...Hey! That sounds like a club, doesn't it?
As for being the middleman in a purchase - resale business as Global professes, seems to me that banks do the same thing and make mongo bucks...leasing the money from the GVT & depositors and "selling" it to use with interest. That is a much more straight forward business model than TS.Comment
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BDF,
You have no idea of which you speak. I own Fairfield points which are converyed via a real estate warranty deed to me and give me an ownership of the entire resort complex.
Go learn more about timeshares and how they work and come back when you can speak with intelligence.Comment
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Ditto. I can go look up the recorded deed.Comment
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Agreed! I have OUR deeds.
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Originally posted by BDF
Welcome, if this is how you see ownership, actualy, there is no ownership at any stuff. Today, your home can be taken by government. Most stock owner has no better say whatsoever than a TS owner. Not to mention mutual fund owner. Bond owner has no control except a few US government law about bankrupcy. Heck, none of us actually has much control about any government issue, the most we do is show up in the voting day, and a great % don't even show up although it probably better than TS owner's meeting. We just think we can control, but the fact is our life is not in any control at all, we can only increase or decrease our risk.
On the other hand, with no controlled FF ownership, I can rent out whatever I like, I can gift it to whoever I like. If I want, I can try to make issue on the FF trust and see if the local government will side with me and force them to yield to me. If I feel bad today, I can find lawyer to sue them. I can also use them. If I feel too much time and want to serve the general owner, I can try to get elected as POA. And no matter what FF do, they have to goto the local government to report to make sure the local government approve their process. Heck, with my fixed week, I can make sure none get to use that unit if I like. Don't know what kind of control one really want. There is no way I can do everything and have everything under my control.
Which bring me a question, I believe even if you plan to sell a club type of TS, you will be treated as devloper in most of the states here, and need to report to local government. Doubt if this travel/direct sale operation can skip around. Or they just ignore the law totally.
Jya-NingJya-NingComment
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