I'm looking at a couple boats at the moment to buy one and I have been offered the opportunity to leaseback to the vendor, a charter
company. I'm not looking at making a huge amount of money
but it does solve maintenance
costs for the next 12-24 months and some issues with foreign ownership
and visa restrictions here in Thailand
I have already thought of a problem with asset ownership
and creditors in the hopefully unlikely event of the company going into liquidation.
Does anyone have experience of this type of operation. What pitfalls should I be careful of?