How to buy your cruising boat cheap-NOW!
There are times and places where unique opportunities arise to buy your boat cheap.
You want a world sailing yacht but you don’t have an extra half million to spend? That is why this book was written. For the last twenty years my wife and I have repaired, worked and delivered boats around the Pacific. We have lived in 16 countries, on our 42ft sailboat that we bought for ten thousand dollars. We don’t pay rent, or house payments, or interest on a bank loan...
This book is based on the idea that every boat owner goes through a series of cycles. We have all heard people say "I would have given the boat away that day". This book shows you how to identify the series of events that lead to those special deals...
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Excerpts from "How to Buy a Boat Cheap"
Looking for Jed
Ah, the big question, how do I leave now? It seems everyone sitting around the marina wants to go cruising, but they all have a few more projects to complete. I hear it every day If I buy a boat how do I know how to fit it out? When can I leave?
To give you the answer I’m going to tell you about my friend Jed. Jed wrote me every time we cruised our boat to a new country. I would get these long emails about how he was just about done with his boat. He always had just a couple more projects and he would catch up with me somewhere. Jed spent thousands in upgrades. He bought a $5,000 dollar fridge and put it next to the six thousand dollar water maker. Every time I looked at his boat I would say “Jed, this boat is ready. It’s you that is not ready. You have to just set a date and leave. The rest will take care of itself”. Finally Jed decided the time was right. He bought a new set of sails, an expensive max prop, and filled the diesel tanks. With that Jed left San Francisco for his big adventure.
Off Point Conception he got beet up and scared, then he found himself becalmed and board on the Baja. Finally he arrived in Mexico. He put the boat in a slip and went back north to “visit his grand children”. Jed stopped sending emails and soon a year passed, then two, then five. His new sails sat comfortably under the new sail covers and his new Pro Furl system waited for Jed to return. Finally Jed decided the whole idea had been just a dream and it was time to sell the boat. Jed listed the boat with a broker, but nobody traveled to Mexico to look at a boat. Weeks passed, then months, and finally Jed sold his boat for eighteen thousand dollars. He spent more money on his new sails!
Steve bough Jed’s boat and simply became Jed, in boat usage anyway. Jed spend years, almost a decade fixing up his boat and then sold it on the cheap. Steve spent six months looking for a cruising boat and set sail with Jed’s broken dream three weeks after the purchase was complete. Last I heard Steve took the boat to New Zealand , then on to Europe, and back to the US east coast where he sold it for near eighty thousand.
That is the secret. Find a boat that someone has already set up to cruise and then decided the lifestyle was not for them. It takes time to collect all the special gear. Storm sails, para-anchors, light weather gear, sun awnings, and everything else needed to be comfortable on the water. If cost were no option it would still take a couple years to put a boat together, so buy one someone else has already done all the outfitting for you.
Thing is the boats hanging around the marinas mostly don’t have all the special gear needed to cruise. Often a boat sitting in the third world has everything you need to step on and sail away.
That is what this book is about, looking for Jed.
Here is a simple method of locating boats for sale before the word has gotten out. This system works excellent if you’re already out on the sailing circuit or crewing on boats. Use a plastic almost indestructible business card and have printed on it: “I am interested in buying your boat. Please call me at XXX-XXXX, or email me at email@example.com”. Punch a hole in one end of the card. Walk the marinas, boat yards, and storage areas looking for boats that meet your boat need. Each time you find a boat you like wire tie on boat card. Keep a running notebook with a little information about each boat and maybe a digital photo so when you do get the call you can refer back and jog your memory about what you saw.
If the boat looks exactly like what you are looking for you can always ask around and see if you can find the owner. The idea here is to locate a special opportunity. When the owner or crew returns to the boat he will find the boat card and may act on it.
This is not a business, you only need one opportunity you can afford.
You never know who it is that will return to the boat or what state the crew will be in. The owner may have passed on and the next of kin may be arriving to “dispose of the vessel” not concerned with it’s value. Sometimes a boat becomes more of a hassle than it is worth to the current owner. Robust boat projects seem too big to face on returning to a hot climate and the owner may just want an easy way out. The idea here is to find a way to get yourself in the loop when people start to feel stuck and be available for a win/win solution.
|© Team Yachtwork 2007|