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

Its called a survey and a spreadsheet. The survey will identify the condition of what's there and you build a spreadsheet for what it wil cost you for repairs. Don't forget to budget your hours of labor, which will be a lot more than you can imagine at this point. Then ask yourself do I want to spend that much on this boat.
You probably should assume that the boat has had no maintenance for more than a year and that the water intrusion is from multiple locations, not just the packing gland. Fixing rot can be a very expensive and time consuming project.
Good luck,
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Old 05-05-2012
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Re: advice on buying a boat that need work

buying a boat like this is an entirely irresponsible stupid decision rife with peril with little chance of success.
If i was 22, i'd be all over this wreck.
Hell, if i was closer i would be all over this wreck now.
I'd haggle the price down to 4 bills just for propriety's sake, point and click my way through purchasing a full complement of Don Casey's books on Amazon, pump out the water while I wait for the books to show up, and start poking and prodding the dark and murky parts and making my punch list.
Chances are it is not as good as you think it is, which is twice as good as it has any right to be, so it will still be three times as much work and four times as much money as you ever dreamed it would cost...
but it sure beats the hell out of living in an apartment, and it won't depreciate any faster than the anonymous toyota corolla you will be driving ten years from now on your way to your job in the cube farm waiting out the next 30 years until retirement and calculating your 401(k) daily while working on excuses to exlain what the hell went wrong with your life, which is exactly what will happen if you start walking away from hopeless causes and unrequited fantasy at 22.
I'm not saying these other guys are wrong, but who the hell wants to tell their grandkids stories that start, "Y'know, I almost bought a big old wreck of a boat for $500 one time,'
"Wow! What happened then, grampa?"
"I chickened out and played it safe."
"Oh. I'm gonna go talk to my other grampa now- he's gonna show me how to open a beer bottle with my teeth!"
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Old 05-05-2012
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Re: advice on buying a boat that need work


Take two hundred dollars, buy a lawn tractor and pull your " Hombre"'s head out of his ass.
Any vessel that's been partially submerged is a losing proposition since all the mechanical, plumbing and electrical will need replacement or repair. The shaft log leak may or not be the cause but any engine that's been submerged can be used as a mooring anchor.
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Old 05-05-2012
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Re: advice on buying a boat that need work

"What happened then Grampa?"
Well, I spent the next 4 years trying to make this pile of dung into a boat, but i went broke and then never did get to go sailing because i spent the next 2 years getting sinus surgery to remove the infections caused by the mold and mildew i didn't protect myself from.
"Oh, I'm gonna go talk to my other Grampa, you know, the one who bought the same boat for 12,000 and has been sailing ever since!"
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fixer upper , morgan out island , should i buy , tlc boat , water damage

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