I would advise you to NOT NOT NOT sell the real estate!!
During our cruising we met a number of people who were "trapped" on there boats!! They could never sell it for what they paid for it, and didn't have the $ to return.
That depends. Do you want to go cruising, or live on dirt? You can't sail a house. Sure, a boat is a bad investment, but you need one to cruise. What to do?
We sold our home and went cruising. Got rid of everything that wouldn't fit on the boat. No storage building. Many others that we have met the past two years did the same thing. Others have a home, and cruise part time, so they have both.
We owned our boat before we sold the casa. Free and clear. Got the title here, tucked away. There is no way I'd go cruising if there was a note on the boat. Also wouldn't want to be dealing with the hassles of home ownership, with repairs, upkeep, and paying property taxes. I could not afford it, combined with maintenance on the boat.
*If* you own the boat outright, sell the home, settle any credit card debt, and have retirement income, you can sock away plenty for when you need to go back to living on land. Even now, tied up to a dock in Galveston, our cost of living is super cheap. $342.00/month for the slip...plus food and booze. Go cruising, take away the marina fee and spend on some diesel.
Not sure what your options are on acquiring the boat you want, which is the question, isn't it? You'll figure something out. You never know....you might find a private seller (no brokers) who would carry the note with a biggish down payment. That's what I did.
Thanks for buying us lunch in Marathon, David! It was great meeting you two. Now, get with it! We've been to the Bahamas twice, gone up to Georgia, and now back in Texas for a year since that lunch. Good luck man.
Adult pool | sailing away with R & B