SailNet Community - View Single Post - shared ownership- trade equity for upkeep and fees?
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post #8 of Old 12-10-2009
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Join Date: Jun 2000
Location: CT/ Long Island Sound
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Buzzy bee here. For several seasons an owner at our club allowed me to race his C&C 35 on Wednesday nights (with my own crew, and without him on board) for the whole season because I painted the bottom and kept the teak looking reasonable. He couldn't get out of work for Wednesdays, and I had other things on weekends. My point is that just getting someone to share operating costs with you might be worth it to them, and make it more economically feasible for you, without any skin off your teeth, since there's no way you're going to be able to sail every weekend anyway. Asking around won't hurt. If there's no equity "buy-in" on their part, they can't expect to control everything, but if it's cheaper than if they were to charter something, they come out ahead, along with you.
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