Such deals are out there but not sure about the logistics of catching all of them from far away. If the OP has no time limit and can afford the travel costs and time wasted the boat may be found. On the other hand if you calculate time not used to produce
income, actual $$ spent on travel, $$ wasted on surveys (only to find that "great deal" to be a clunker), etc., one is better off working a little bit harder or saving a little bit better and getting a $70K-100K ready for
offshore boat.
In these situations something usually has to give. Most people accept shelling out more $$ to save on all the other hassles. Some with really tight initial budgets decide on shelling out
elbow grease and working weekends on a boat to make her ready. I already posted last year about a guy in his 20s whom I met helping our mutual friend bottom painting. This kid found a
Pearson 44 being
sold for the unpaid
storage fees. He haggled them down to $5K (all the
money he had) and got the boat. It needed some
engine work which he did himself being an auto
mechanic apprentice just after high
school and some carpentry
work which he also was doing himself. I met him in late September 2016 and he said he owned the boat since November 2015 and lived aboard since Spring of 2016. So he figured 5-6 months of
living aboard and saving
money on rent, which in this area would run at least $1,500/mo, he already recouped all his boat costs and more. Perhaps for OP this may be a workable solution to a limited
budget buy.
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