Time-share mogul Siegel's assets open to the public

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Open houses planned in sale of David Siegel’s assets - OrlandoSentinel.com


They are talking about the assets he is auctioning at the end of this month.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

I think I'll offer full price for all of his properties to be paid in a like kind exchange of Westgate timeshares valued at full developer price. How much would that cost me out of pocket? Couple thousand dollars?

[mshatty Super Moderator Find all posts View Profile Close mshatty]

As a real estate invester you need to know the repairs needed and After Repair Value. I'd start at 70% of ARP and then deduct repairs, all closings and other expenses and possible carrying costs to get into the properties and then determine a real price to offer.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

But how do you remove the taint of greed.