A vacation cabin we rented in Tennessee.

Follow up explanation to what is Timeshare. Explaining the basics of points. eMidsouth, Inc. Wholesaletimeshare.com

If someone could please explain the point system ( ike diamond resorts uses) why it is good or bad. I have heard why the regular timeshare is bad, but the point system seems different. Anyone with personal experience would be great.

I am looking in to purchasing raw land on a lake with the plans to build a log cabin for a vacation property.

However, with the requirement for 50% down on land loans and the current housing market (buyers market) and interest rate plus the fact that the down payment can be as low as 10%, I wonder if it is more cost effective to buy a used cabin on a lake. I am thinking of renting out the property (new or used) to weekly vacationers while I am away in order to help offset the additional mortgage. I am looking for some advice from someone who has expereince in vacation rental property.

Point snatchers: Please don’t waste my time with your simple “build” or “buy” opinion – that doesn’t help. Tell me WHY.