Joint ownership on a houseboat?
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Joint ownership on a houseboat?

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    Senior Member Cat Sass's Avatar
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    Default Joint ownership on a houseboat?

    Since the board is dead quiet..............I got a question for you guys.
    14x 50 houseboat moored in the delta, 4 familys with 25% ownership, $5000 buy in and $100 bucks a month, you could cash out and quit making payments at any time, would you do it?

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    Northern CA DCB Sales Boatmaster's Avatar
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    No! Not if these are people you like at this time. I see even the best of friends turn bad weekly on joint ownership. Just my .02, on the other hand it isn't alot of money to walk away from if you get to enjoy it a few times.

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    Quote Originally Posted by Cat Sass View Post
    Since the board is dead quiet..............I got a question for you guys.
    14x 50 houseboat moored in the delta, 4 familys with 25% ownership, $5000 buy in and $100 bucks a month, you could cash out and quit making payments at any time, would you do it?
    hell ya with pre schudueled weeks - Why nOT ? pay a maid to come clean it and inncorrperate that into the monthly fee --
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    NOSTALGIC V-DRIVES DIMARCO21's Avatar
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    Thought about it, talked about it. Could we stay drunk enough not to care and get pissed off like Goatmaster said? That's a tough one.

    I think the best thing is to do your own thing and friends stay friends....Unless it has a stripper pole mounted to the roof. Then count me in.

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    IDGAF acatitude's Avatar
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    seems like a long drive from sac. You buy that 50 ftr, Ill buy the 42 ftr when I can moor it at the yacht club in sac. 3 bd 2 bath is bigger then my house lol. Can I live on it at the club??



    26HOWARD CAT

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    Never Enough Napanutt's Avatar
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    Quote Originally Posted by Cat Sass View Post
    Since the board is dead quiet..............I got a question for you guys.
    14x 50 houseboat moored in the delta, 4 familys with 25% ownership, $5000 buy in and $100 bucks a month, you could cash out and quit making payments at any time, would you do it?
    Are you the fourth wheel buying in or are you looking for three others besides yourself? Sounds like it could be somewhat interesting to me.

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    Senior Member Cat Sass's Avatar
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    I'd be the first wheel. Seems like if you found some good people, ... it would be cool to have a boat for 25% of the cost and some cool people to hang out with, or alternate weekends if you didnt want to hang out together.

    Just an idea, wondering if anyone has tried it.

    Goatmaster, seems like you know someone that tried it......I'd think if you could opt out at any time, that might solve most issues??

    What if I get voted out...................crap, I never thought of that

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    Senior Member Cat Sass's Avatar
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    Quote Originally Posted by acatitude View Post
    seems like a long drive from sac. You buy that 50 ftr, Ill buy the 42 ftr when I can moor it at the yacht club in sac. 3 bd 2 bath is bigger then my house lol. Can I live on it at the club??
    Yes, but there is a waiting list............you have to join to get on the list, this is a vicious circle.

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    NOSTALGIC V-DRIVES DIMARCO21's Avatar
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    Quote Originally Posted by Cat Sass View Post
    Goatmaster

    Goatmaster....that just cracks me up.

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    IDGAF acatitude's Avatar
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    kinda like a catch 22, you have to join to get on list but if yu have no boat, whats up with that ?? I know I know.. a vicious circle..... N-shit. I like that 42 footer... Guess The Howard is going up for no-sale again, lol



    26HOWARD CAT

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    Never Enough Napanutt's Avatar
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    Quote Originally Posted by Cat Sass View Post
    I'd be the first wheel. Seems like if you found some good people, ... it would be cool to have a boat for 25% of the cost and some cool people to hang out with, or alternate weekends if you didnt want to hang out together.
    So,the way I see it you're looking to buy said HB and split all costs with three other couples for around 20 grand down and make $400.00 payments? Does that include mooring or are all figures hypothetical? Oh and what are the stats of said hypothetical houseboat?

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    Or Seth, either one Budweiser's Avatar
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    Quote Originally Posted by DIMARCO21 View Post
    Goatmaster....that just cracks me up.
    Quote Originally Posted by DIMARCO21 View Post
    Thought about it, talked about it. Could we stay drunk enough not to care and get pissed off like Goatmaster said? ...
    You said it first, foul fingers.

    BAAH AH AH AH AAAA

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    Senior Member Cat Sass's Avatar
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    Quote Originally Posted by Napanutt View Post
    So,the way I see it you're looking to buy said HB and split all costs with three other couples for around 20 grand down and make $400.00 payments? Does that include mooring or are all figures hypothetical? Oh and what are the stats of said hypothetical houseboat?
    Its all hypathetical at this point. I have my eye on a boat that I think is a steal, nothing fancy, but functional and clean. I figured the buy in to cover the cost, and the 400 monthly to cover mooring and insurance, and hopefully a little left over for maintenance. This scenario is for a pretty inexpensive boat. I suppose you could finance a bigger nicer one for a little bit more per month??

    There are some really good deals out there right now, but I already have 2 boats. Just trying to figure out how to pick one up while the pickin is good.

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    Never Enough Napanutt's Avatar
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    Quote Originally Posted by Cat Sass View Post
    Its all hypathetical at this point. I have my eye on a boat that I think is a steal, nothing fancy, but functional and clean. I figured the buy in to cover the cost, and the 400 monthly to cover mooring and insurance, and hopefully a little left over for maintenance. This scenario is for a pretty inexpensive boat. I suppose you could finance a bigger nicer one for a little bit more per month??

    There are some really good deals out there right now, but I already have 2 boats. Just trying to figure out how to pick one up while the pickin is good.
    Sounds good! If you can get something thats mechanically sound with everything in working order and taken decent care of AND no payments you can't go wrong!

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