Join Date: Nov 2013
Location: Southern Tier, NY
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Re: Anyone ever sold at a profit?
really depends on the deal. For example, the Hurley 22 that my brother and I picked up, even if you include the cost of the trailer refit to strengthen it, plus the few missing rigging parts, we could still turn a decent profit on. That's only because there are no other issues with the boat, other than it needed a very good cleaning, and some turnbuckles replaced. But I'd say it's safe to assume that it's a minority case when that happens, it's really a hit or miss. You basically need a boat that needs almost nothing, that you bought for almost nothing, and can find someone to pay a bit more than nothing.
edit: to elaborate: If you aren't picking it up at well below market value, it'll be almost impossible to resell for a profit. Even doing the labor yourself on projects, you still have material costs. And unless you are in it for way under market, the odds of recovering the cost of the boat + the materials is going to be very hard, and that's assuming you value your time at free.
1970 Islander Excalibur 26 - Constant Resto
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