We already covered that.
sells for $40K in semi okay shape (You can find one at that price
if you hunt). This boat for $12K, plus another $8-12K for an engine
+ tranny, Plus re-seating the Keel
($500 DIY) or $3K if you pay, Plus Paint
, Boat yard rent, numerous trips to Key West
etc etc etc.. Would cost around 30K.
I HAVE 20K, a buddy will pay up to 10K. Then we would have to sell the boat, buy a cheaper boat and do it again. BECAUSE we'd be to broke to sail.
Again, THAT is why we said no on that boat (again, if I had another $10K I might do it anyway). However I DID research
the boat! If you fixed it and sold it in the Mediterranean
? You could make an EXTRA $10K over U.S. value.
It just doesn't work for my budget
. Believe me, I tried!! (NO DEBT!!)