Thanks for joining us. Im bob massi, your property man. About 8 of all u. S. Households own timeshares, and the industry generated more than 70 billion last year alone, and it continues to grow. Now, a timeshare is a piece of property for which you own a specific amount of time, usually one week per year, and you use it as your vacation home. If youre thinking about buying one, well, im gonna give you some of the dos and donts and take you inside the latest project, from timeshare giant Westgate Resorts, right behind me, the old Las Vegas Hilton. But first, david siegel, well, hes the founder of westgate, and his story is amazing. In 1980, david siegel owned a small tourist attraction called the mystery funhouse in orlando, florida, and an orange grove. Well, one day a man approached him and offered to buy part of the grove. I said, what are you gonna do with it . He says, im gonna timeshare it. I said, whats that . He explained the concept to me. I fell in love with the concept. I did
Im coming to you from the worldfamous neon museum, right here in downtown las vegas. Its often said that vegas was a microcosm of the entire united states. And when it comese realestate market, nothing crashed harder or bounced back quicker. But rebuilding your dreams is not always easy. Now were going to 23 1 2year retired air force veteran grady. Thank you for your service and thank you for allowing us in your home today. Sure. And your wife, of course. Now, let me ask you, when did you buy the home that were sitting in right now . We moved in in early 2006. Boy, thats when vegas was booming with building, wasnt it . It was. It was the singlestory community that we wanted. At what point did you realize that you were gonna be faced with a problem as it relates to value and what was owed on the home . 2006, 2007 were okay all house payments made, everything made on both of the loans that we had. But then 2008 hit, and the bottom just fell out of the housing market. And so, this house t
Im coming to you from the worldfamous neon museum, right here in downtown las vegas. Its often said that vegas was a microcosm of the entire united states. And when it comese realestate market, nothing crashed harder or bounced back quicker. But rebuilding your dreams is not always easy. Now were going to 23 1 2year retired air force veteran grady. Thank you for your service and thank you for allowing us in your home today. Sure. And your wife, of course. Now, let me ask you, when did you buy the home that were sitting in right now . We moved in in early 2006. Boy, thats when vegas was booming with building, wasnt it . It was. It was the singlestory community that we wanted. At what point did you realize that you were gonna be faced with a problem as it relates to value and what was owed on the home . 2006, 2007 were okay all house payments made, everything made on both of the loans that we had. But then 2008 hit, and the bottom just fell out of the housing market. And so, this house t
Msnbc. Hi there, everyone. Im jj ramberg and welcome to your business. It is every entrepreneurs dream, business is doing so well that theres a need to expand in order to meet demand. But scaling is easier said than done. One orthodontist in arkansas found a way to consolidate overhead, plan for growth and keep his patients smiling. Orthodontist ben buress set up his first practice in arkansas, straight out of dental school. Soon several locations followed and arkansas dentistry was born. But as the company grew so did the problems. In a traditional business you have a single location with everything you need in that one location. Then you start to grow and have multiple locations but all you do ve pete your model. We were victims of unsuccess, so everything was getting out of control. They were expanding quickly but didnt build a strong backbone. At the rate they were going, dr. Buress knew the business could implode. So he brought in a ceo to help him thoughtfully scale his practice.