07-29-2011, 10:24 AM
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Confirmed User
Industry Role:
Join Date: May 2001
Posts: 8,313
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Quote:
Originally Posted by TheDoc
Ever looked at investing in the offshore charter sail boat industry, with your years on the island?
The idea sounds great: Fork over a ton of cash up front, yet start making returns on charters instantly. Or put 25% down, wait 2 years, then get your monthly payouts, saving some cash for later. Both ways you get 6 weeks on the boat, or exchange weeks for other boats around the world, your only cost being plane tickets. That part is like a time share basically.
The boat's are refurbished after 5 years and can be sold or sold to a smaller fleet. Either way, your money is made back, and then some, before this point.
I'm rather interested in doing this, so the question is. Do I do it sooner, while the eco is down and boats are cheaper, but forcing me into the 25% buy unless I have partners, or wait a few years, save my pennies, and buy the boat outright so I make it all up front? Both directions end benefits are pretty much the same.
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Interesting. Never looked into that. So it's a market that's limited by capital requirements and not a lack of need? The companies they had in bahamas looked like they were doing well (but not killing it) or dying. The problem with Bahamas in particular I think is that if you aren't careful you'll get killed with a bad reputation from staff not giving a shit lol. |
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