Originally Posted by Rockyscience
Have I stepped out of reality trying to find partner(s) to buy a $150,000 USD used multihull
?? Yes, I have read most of the threads on CF on “Partners Wanted” and all have valid points but is this quest I am on just too much of a risk for people even with due diligence on everyone’s part? OR am I just dreaming of something that’s not going to happen?
Thanks for any opinions on my delima.
A boat partnership
has been on my mind for a few months, I think the key is the partners needs and wants have to compliment each other. Most people would think a partnership
would be to buy a better boat than they could afford but in my case that is not necessarily so, I would want partners to limit the cost of storing the boat when I'm not on it. It seems very expensive to lease
a comfortable 42 foot catamaran
for 2 to 4 months a year, It doesn't seem very practical in my opinion. It is also very expensive to store a 42 foot catamaran
for 8 months a year of non use especially if desired periods of use are 30 to 45 days with a couple months of non use in-between. I think if 2 to 4 people formed a LLC. and agreed to well thought out terms with regards to partnerships it could work. I think it would be important to have a home port at a full service
marina that can provide cleaning
regardless of cost to avoid blaming previous users for leaving the boat dirty, broken, not ready to sail etc. The biggest drawback that I envision is not having the boat personalized with ones own decor, furnishing, bedding, kitchen utensils etc. It would seem like chartering a bare boat. All partners need to agree to detailed terms if a partner wants out or can't meet terms of the partnership. I think it could work. Annual maintenance
, slip storage
, haul outs, hard storage
, boat cleaning
and maintenance and initial purchase price
all divided by 3 or 4 partners sounds pretty good if I still get the usage I want. Um--- there could be some problems also.