Join Date: Jul 2001
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Cruising with Rental Condo as shore base
Planning (dreaming?) ahead to an early retirement, I have this notion that I wish to share. I hope to find out if any others in SailNet are doing something like this (or thinking of it).
How about buying a nice sloop to cruise the warmer climes (southern US and Caribbean) during the months of Nov-May, then spending the balance of the year in our condo in Florida. Yes, I know Florda is hot in the summer, but that''s my wife''s preferred temperature and I can get used to almost anything.
We''re already familiar with the Sanibel Island area (we own a modest rental condo there), so I believe that renting out the condo Nov-May would pay 2/3 of the carrying costs of the property.
A cruising budget of $2,000 a month sounds luxurious when using Larry and Sue''s figures (see their SailNet article).
Now, having a home-base offers advantages and disadvantages. Expecting to be home-bound for 5 months of the year means we''ll need a car - and storing a car for 5 months without use is hard on it. We would make a thorough plan before we get to far along, but I thought I would like to hear from other SailNet members first.