I have bought and sold four boats in my life, and profited a small to large amount on each one. Doing this is not dependent on geography, but rather on finding a great boat at a good price
where you can add value doing work yourself while using the boat.
It wont work as a business because the only way to remove risk from the business is to have a luxury of time, much like the only way to avoid bad weather
when sailing is to not have a hard and fast schedule.
When you have a lluxury of time you can look at 100 boats before buying
your next project
- you can shop around for parts
that need replacing or upgrading -you can set a profitable sale
price and wait for the right buyer while using the boat and keeping her clean and beautiful.
But a business cannot wait. It must generate revenue on some kind of a time-dependent cycle that is enough to cover the overhead of life and business. Same whether flipping boats or houses or currencies, whatever. You must bring raw something in and produce something else that is valuable to someone else for some reason. Your work is then to make your turnover go quicker and quicker, or make your profit margin grow larger and larger, or both.
Buying, sailing, and flipping boats is wonderful. Do it where you live now. Not only can you make some money
and sail interesting boats, you also do a service
for the general boating
culture and environment