Just curious if anyone still makes a living fixing up old sailboats - Page 3 - SailNet Community
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post #21 of 41 Old 08-12-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

If I were trying to make money fixing up and flipping sailboats, I would stick with boats less than 23' with an active, established one design racing class. Avoid any boat with electronics or an engine. Stick to detailing, gel coat repair, sandblasting and painting the trailer, and getting the trailer lights working. Running rigging and hardware should be fully functional. The new owner should be able to tow it away and start racing Sunday. A high-energy friend with good skills did four per year. He probably cleared $9,000.
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post #22 of 41 Old 08-12-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

I've flipped condos and I can tell you TV has given people a warped idea of what's involved "it only takes a 1/2 hour I saw it on HGTV !

If you're going to make money you have to turn it FAST. That means any work has to be completed quickly AND you have to be able to sell it fast.

Boats fight you on both counts. Every boat project takes longer than you think and leads to other projects, marine parts are expensive and it's nearly impossible to sell boats fast.

Not exactly an easy gig.
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post #23 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

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Originally Posted by Hudsonian View Post
If I were trying to make money fixing up and flipping sailboats, I would stick with boats less than 23' with an active, established one design racing class. Avoid any boat with electronics or an engine. Stick to detailing, gel coat repair, sandblasting and painting the trailer, and getting the trailer lights working. Running rigging and hardware should be fully functional. The new owner should be able to tow it away and start racing Sunday. A high-energy friend with good skills did four per year. He probably cleared $9,000.

I agree.. though I wonder.. ...

take a Laser.. which is well know during an Olympic year. You can guy a new one for under $7,000.

I would think if you were thinking about racing one....


well say I bought one for $1,000 flipped it for $2,000...

a) if you were a racer, would you go budget and old, or would you go new

b) would that boat be competitive



that said.. even if you sold it for $3,000.. and profited $2,000

you would have to flip 25 boats to make $50,000 a year.


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post #24 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

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Originally Posted by JimMcGee View Post
I've flipped condos and I can tell you TV has given people a warped idea of what's involved "it only takes a 1/2 hour I saw it on HGTV !

If you're going to make money you have to turn it FAST. That means any work has to be completed quickly AND you have to be able to sell it fast.

Boats fight you on both counts. Every boat project takes longer than you think and leads to other projects, marine parts are expensive and it's nearly impossible to sell boats fast.

Not exactly an easy gig.

My theory about 'reality tv' is I will believe it when someone dies.

that said, maybe what reality tv should do is have a couple people who have people suing them because their business is bankrupt and they struggling to get out of debt




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post #25 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

No way. I mean mabe a few lucky and skilled people make a few bucks. Most could never cover their labor costs. I can't think of a worse idea to make money or a better one to waste time.
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post #26 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

I have a friend that gave up his Catalina 30 for Irwin 38 CC. it's pretty luxurious.

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post #27 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

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You've just defined a reputable boat yard with a history of satisfied clientele. There are a few examples of this in my area. They charge honest rates, make an honest profit, and have highly skilled people happily working for them.

For the yards with this type of history, they don't have to look for work, the work comes to them.

Even though they have all the parts and potential hulls, I don't see these yards rehabbing boats for spec. But some will build new and make a profit.

Boats are tough!
Any names of boatyards you can recommend? I'm looking at a boat in ME that needs some work.
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post #28 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats


I would guess ownership is the problem.. if you own ---as it was pointed out --- you must then work fast and turn over the ownership.. or you are just a storage facility.

I live in an area that wouldn't be considered a boating mecca (Adirondacks), but where there is water.. there are boats

There are boat repair businesses (i.e. non-ownership) and they are pretty busy.. year around. and I think if they have a good business sense.. the make a good profit.
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post #29 of 41 Old 08-13-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

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Any names of boatyards you can recommend? I'm looking at a boat in ME that needs some work.
I've known several reputable boat yards, up and down the coast. There are too many to mention here.

In my area there's good yards in Camden, Rockport, Rockland, Belfast, Thomaston, to name some of the bigger yards.

If I knew what kind of work you expected to need, I might know of a specialist.

Then there are boat yards inland that get their work delivered on hydraulic trailers. Some of these yards can be a better deal than those right of the water.

If a yard does low quality work, word gets around - fast. They don't last.
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post #30 of 41 Old 08-15-2016
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Re: Just curious if anyone still makes a living fixing up old sailboats

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Originally Posted by archimedes View Post
Any names of boatyards you can recommend? I'm looking at a boat in ME that needs some work.

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