Join Date: Jan 2009
Location: Wilmington, NC (for now)
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Buying a sunk boat...
New to the site, new to the sea (sailing-wise). I'm considering buying an O'day 272 to serve as a liveaboard. I hardly know a thing about sailboats really, and even though I intend to learn it all real soon here, at the moment it's really about a means to an end for me. I want to rent a slip at a marina and stay there while I fix this boat up and get it sea-worthy. Renting a slip is cheap and I think I can handle the lifestyle for a while, being the wild man I am.
Anyway, I found this boat in Wilmington, NC where I live and it's in my price range, ...$1400, cause it's pretty beat up. The guy told me it sank when the through-hull came out recently which is my main concern about it. I also noticed about a foot long crack in the hull high above the water line where its been bumping the dock. What I need to know is what the perils are, if any, of trying to restore a boat that's been to the bottom. If I could make slow deliberate progress on my meager budget and have it turn into a real boat one day, this would be worth my while. But if a sunk boat is a no go, I need to know before I spend pretty much everything I have.
I can imagine how many people are going to cringe reading these details, but I don't mind doing a lot of work, and I really do sort of love the thing, if that counts for anything.
Hope you can provide me with some good advise.
Thanks very much
Last edited by panamade; 01-28-2009 at 07:14 PM.