Post reply

RESORT ACQUISITIONS WORLDWIDE (by Debbie S.):

I found this on the web, corporation wiki..

Resort Acquisitions Worldwide has a location in Henderson, NV. Resort Acquisitions Worldwide has no known officers.The company's line of business includes Apartment Building Operators, Nsk.

Phone: (888) 498-2188 Category: Apartment Building Operators, Nsk Apartment building operators Source: Dun & Bradstreet last refreshed Thursday, March 10, 2011

also here a "question and answer" regarding this company, I found QUESTION I got a call from a company called Resort Acquisitions Worldwide who wanted to buy my tiemshare for about 10 times the amount I could reasonably expect to receive on the resale market, if I was able to sell it at all. They say that Fortune 500 companies purchase timeshares for tax write offs under the 1031 exchange tax rule. Does this sound legitimate or is just another timeshare resller scam?

ANSWER Hmmmmmm under section 1031 you would have to wind up with another property rather than cash. So, I'm not sure what they were proposing, but to "buy" your timeshare in a 1031 transaction doesn't make a lot of sense to me. Any boot (cash) you receive in the transaction would be taxable, so I can't see how they are proposing to structure the deal.

http://www.justanswer.com/tax/4h27b-call-company-called-resort-acquisitions-worldwide.html

there is also a post about this company on tug...

I would proceed with caution.. I honestly don't know of anyone! getting that kind of money for timeshare on the secondary market..