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Is A Timeshare A Real Estate Investment?
Question: Is a timeshare considered a real estate investment?
Answer: The purchase of a deeded real estate timeshare is best seen as an alternative to future vacation costs. A timeshare is rarely an investment, and some "timeshare" interests are not even deeded real estate -- they are, instead, club memberships, vacation licenses, and vacation leases lasting as long as 40 years. Most timeshares are financed with personal loans not secured by real estate, thus the interest is not deductible. See a tax pro for details.
Written by Peter G. Miller.
© 1997 Peter G. Miller. All Rights Reserved. Rules, Disclaimers & Notices.
Copyright © 2012 Realty Times. All Rights Reserved.
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