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Old 05-05-2012
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Re: advice on buying a boat that need work

This boat, in decent shape, and WITH a suit of sails is worth $15K-$20K.

1970 morgan (Sail) Boats For Sale

A suit of sails will run you $2-$5K

The interior cushions could run you $3K-$6K

Are the cabinets sound?

How does the rigging (running and standing) look?

How about the engine?

You make no mention of any equipment (GPS/VHF/etc.)

What do YOU plan to do with her - Sail, or use as a floating condo?

You already know that it floats (but not for long).

In your position, I would probably offer to take it away for free, and see what happens. Be prepared though, you may end up PAYING for disposal.
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USCG Licensed OUPV Captain, ASA 101/103/104/105 Certified Instructor - Also certified in Recreational Marine Electrical Systems
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