awesome thanks! I thought thats how it would be or Disney would be mailing out 1099'sMB is identified in the contract documents as a rebate, not a refund, so it’s not considered income. My come t shouldn’t be considered tax advice either.
If it’s a 100 point contract, and you have have 100 points left over from the prior year (2023), and 200 in the current year (2024), then 100 of those 200 points had to be borrowed from the following year (2025). Assuming you didn’t have to pay/reimburse for 2023, you’d still be paying dues for 2024 and 2025.
Oh no! Sorry!
Sorry, I had meant in 2023 use year they'd have 100 pts banked from 2022 and in 2024 use year they'd have 100 points banked from 2023 plus the regular 2024 points, so you'd still have all your 2025 points too. It's a strategy I've used as well when selecting the contracts I'll make an offer on and then I rent out all the excess points to lower the effective buy-in cost. You are right that they're hard to find, but I've just been patient and selected when the deal really felt like a steal to me. In one case I found it was owners in their 80's who had been unable to keep making trips, so they had been banking their points.
You lost me. There’s no way you can have 2 UY’s worth of points banked. I have a December UY for my Aulani contracts (the best case for your scenario). At best I could have 2022 points banked because I’m in my 2023 UY. If I want to get 2024 points I need to borrow them. If I wait until 2024 is the current UY, the 2022 points expire at the same time. Points from 2 years prior expire when the current UY starts.
Well, I'll give you a real life example for one of the contracts I bought. It's an AKV contract with 110 points. It has a june use year. I closed on it in February 2024. When I received the contract there were 110 banked points in the 2023 use year, 220 (110 banked) points in the 2024 use year, and 110 points in the 2025 use year, and 110 points in the 2026 use year. Now, those 110 points were expiring fast in 3 months, but I was able to get all of them rented out. So when I got it, it was triple loaded, there were 330 points I was immediately able to rent out before I take my first trip in 2025 with those points.
Same. I've been wondering what in the world BPK is for days... finally decided to search around and figure it out. It's Big Pine Key... still slightly confused... I think it's part of VGF.
There is a way… for example with a Sept UY:
Looks like you got a helpful answer.
Nope. On August 31, those 2022 points expire before you get the 2024 points. Doesn’t matter what your UY is. You can never have two years worth of points banked.
You may be the most acute case of addonitis ever observed by medical science. Disney and the resellers will want to do an in depth study on how to recreate it
On loaded points from 2022 and 2023 the dues have already been paid by seller so renting these out is 100% profit. If renting 2024 points then yes MF must be subtracted.
I literally just bought a contract with the 2022 UY points banked and the 2023 UY points banked in exactly that form… maybe I’m missing the point you are making. I get you can’t bank 2 years worth of points in to the same UY, but you can get a contract with 3 years worth of ‘free’ points if 22 is banked in to 23 and 23 banked in to 24 (and seller pays MFs for 2024)
Again, that makes no sense. You can’t have all of your 110 2022 points banked into 2023 AND have 220 points banked into 2024 at the same time.
Well, the money I got from renting the points sure isn't complaining about it making no sense
And that can’t happen. And to add, in February that June contract was still in its 2023 UY, not 2024, so there would only be the 110 from 2022 and 110 from 2023. To get any 2024 June UY points in February (to get to the magical triple-point scenario), the 2024 points would have to be borrowed. If they waited until June 1 (5 days ago) to get those 2024 points without borrowing, the 2022 points are scrubbed from the contract and you're back to 220 total points unless you borrow from 2025 (110 from 2023, 110 from 2024, and 110 from 2025). There's no way to get triple points without a combination of banking and borrowing.
SAB is my fave in this listOh man.... this is me every day on these forums.... it's agonizing trying to figure out all the acronyms. Some of my biggest fails that took me days/weeks to figure out:
- SAP is supplemental annual points? Nope, that's sleep around points, which still doesn't help me because I don't know what that means either.
- SAB is ... a misspelling of SAP? Nope, it's the water park at Beach Club called Storm Along Bay
- BCV is Boulder Creek Villas? Nope, there is no such thing. I was confusing Boulder Ridge with Copper Creek, and BCV is completely unrelated anyway because it's Beach Club Villas
- AP is ... I guess a high school class.. how is that related to DVC? Nope, that's an Annual Pass
- MF is Multi Factor ... authentication maybe? Nope, maintenance fees.
