[Pupil2Prodigy]

other than that I know nothing but I'm a confident self-starter and with everything online DIY is seemingly easier than ever

I expect to catch a lot of flak for this but please try to focus your attention on the boat rather than my lack of experience

the worst thing that could happen would be selling it at a loss.

That aside, what does everyone think of this fixer upper?

these other pics aren't so good

1963 Hall Russell & Co Ltd. Steel Ketch

LOA: 88 ft 4 in
Beam: 21 ft 4 in
Maximum Draft: 11 ft 6 in

Engines: Dual Gardner Diesel Inboards

Shore power inlet - 220

1,400 gallon diesel capacity in the main tank plus two day tanks

Asking..? 22,913 OBO

 

[Donna_F]

Huh.

 

[Mr. Bubs]

That's a project alright.

 

[Pupil2Prodigy]

Huh.

how bad does it look?

 

[Alex W]

That is a massive massive project to be undertaking. If you have hundreds of thousands of dollars ready to spend on it then you could get something cool at the end (but something that will be very expensive to maintain).

For the same price you could buy a much smaller boat but be sailing tomorrow.

 

[Donna_F]

how bad does it look?

Have you ever been really hungry so you just pile food onto your plate thinking you can easily eat it all because you're so hungry but then you only get halfway through the food because you overestimated how hungry you really were and you end up throwing the rest away?

That's this boat.

In my opinion, if you don't know boats enough to see how much work and money this will take, this boat isn't for you.

If, on the other hand, you have unlimited piles of money and resources available and people who know steel boats and TIME, then go for it.

 

[krazzz]

Run as fast and as far as you can unless you have a minimum $150K sitting around and can do the work yourself. Just to store it on the hard and do nothing with it would cost $6K+ a year. I can't even imagine what a slip would cost if you could find one. Once fixed up I would plan on a minimum of $35K a year in storage, slip, and maintenance.

 

[Pupil2Prodigy]

appreciate the replies folks, keep em comin

 

[Donna_F]

appreciate the replies folks, keep em comin

What are you expecting to hear?

 

[paikea]

Why does it break my heart to see this boat in such a poor condition. I can imagine its beauty before. If this boat could talk.
Alas, as a newbie just like you, I second the other feedbacks, unless you actually have some emotional attachment to this boat, which would warrant in a sense the investment in time and money, I wonder what else could possibly be your advantage here.
Also your experience does play a huge role here if this is a business decision, this would be a huge project even for a professional. Your experience or lack of it will cost you further. I doubt the investments will pay off. You also keep hearing all over about the weak market now from a seller's perspective.
You simply have to weight the pro and cons.

 

[Pupil2Prodigy]

I wouldn't dock at a marina, I'd drop anchor wherever I could

I'm an aspiring liveaboard.

For me, this is house shopping.

I don't have 150k sitting around but I could definitely throw some money around

figure atleast 12k/yr

using the typical down-payment of a house as a measuring stick, 20% amounts to a mere 4500..

 

[Donna_F]

I...

I don't have 150k sitting around but I could definitely throw some money around

figure atleast 12k/yr

using the typical down-payment of a house as a measuring stick, 20% amounts to a mere 4500..

I'm not sure I follow this, but math isn't my forte. It doesn't seem like your budget for the boat will be enough to keep up with the maintenance let alone get it back to where you could even think about having it insured or safe to live on.

It sounds like you're waiting for someone to encourage you to swan dive over this cliff. If that's the case, save yourself the time and just buy the boat, watch your DIY videos, and keep us (who think it's a really, really bad idea) updated on your progress so you can prove us wrong. We love a success story.

 

[clip68]

That looks like a massive undertaking.

I'd have to ask myself the following before taking on a project of this scope:

• Do you have had any experience working with anything related in marine environment (power boats, etc...) or is it just sailing that you are inexperienced with?
  
• Do you have a pretty good skills in terms of working with steel, wiring, plumbing. Remember this is a marine environment not your house.
  
• Will a long term project (years not months) stretch your finances or patients?
  
• Do you have a place to work on this monster?
  
• Do you have access/own all the different tools needed?

Those are the questions that come immediately to mind. I do not want to squash your dream, just trying to be semi-objective. Semi because I think it would be so cool to bring a boat like that back to pristine condition.

-Chris

 

[Pupil2Prodigy]

math isn't my forte

I think I'd rather lose a 4500 dollar down payment than not try at all

 

[killarney_sailor]

150k would not even get you started with that boat, actually ship. If you get it restored for 500k you would be doing well.

 

[Donna_F]

I think I'd rather lose a 4500 dollar down payment than not try at all

You found someone to finance this project? Go for it.

 

[Pupil2Prodigy]

150k would not even get you started with that boat, actually ship

could you elaborate?

Where are you getting your numbers from? (no hostility)

I don't know what's wrong with her, not enough information provided imo

 

[Pupil2Prodigy]

there's electric, plumbing, and steel work? other than that, it's just cosmetic right?

 

[Ajax_MD]

there's electric, plumbing, and steel work? other than that, it's just cosmetic right?

Yup, that's it. Knock yourself out.

 

[Mr. Bubs]

I think I'd rather lose a 4500 dollar down payment than not try at all

Sounds like you already bought it. Have fun, and keep us updated on the progress and lots of photos!