Offshoreonly.com - Boat Co-ownership Experience/Thoughts

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I share two boats with someone that put an add on craigs list. I thought it was a joke and replied to the add. To my suprise the deal was legit.

The agreement: (Seasonal) I put/pull the boats out of the water at the start and finish of the season. I pay for the heated storage of the boats for the winter season. I clean the boats at the start and finish of the season.

For all this I get to use either boat, whenever I want, throught the season. 2001 303 Fastech and 2001 24' Rinker. The boats are on Lake Geneva, in WI. and I have my own parking spot at his home when I come up.

It cost me about $3,000.00 for last years storage and for gas up until this point in the season. I think the deal is priceless, he feels the same way. He has already asked if I want to due the deal again.

Like someone else on here stated, we did get a attorny envolved and had a contract written up. It specifies what we both bring to the table and leaves no open ends.

It can be done, where both parties win. I honestly think I may have gained a friend and partnership that will last a long time. Once I buy my Offshore boat for Lake Michigan, I can still boat in small water, as well.

Just my two cents worth.

Great if it works for you but not for me.

Never again!!!!!!!!!!!!!:drink:
I often think about my old friend.:drink::drink:

Quote:

Originally Posted by racer-x6 (Post 3197425)

Never again!!!!!!!!!!!!!:drink:
I often think about my old friend.:drink::drink:

Whatever - you know you sold your boat and use mine when it's at your place!:bsflag:

Quote:

Originally Posted by X-Rated30 (Post 3197457)

Whatever - you know you sold your boat and use mine when it's at your place!:bsflag:

Don't look like I will get to use it this weekend, Mr. I have to go kill birds.

No way, not going to share ownership with a plane or boat. I don't like people touching my stuff, much less having unfettered access.Two things I don't loan, guns and my boat. I damn sure don't want to share either with you on a regular basis.

Quote:

Originally Posted by moses0324 (Post 3196960)

I am co-owner on a formula fastech with my brother...I am just wondering what members experiences have been with co-ownership...any thoughts?

Personally their is no way I could afford a boat alone...My brother and I get along great. We are like best friends. Never fight and we split everything 50/50. It has been an awesome experience.

How have the members here faired? Any stories? Any thoughts? Thanks.

Personally I think it's a bad idea.....seems to always end up with problems. That's awesome you and your brother get along that well as 50/50 boat owners.

Quote:

Originally Posted by publius (Post 3197750)

I bet there's 3 things you don't share ..........the gun, the boat and the WIFE :party-smiley-004:

Defiantly glad I dint go this route, bought my own and have never looked back since.

Quote:

Originally Posted by C_Spray (Post 3197269)

Write up a contract, and see if you still both want to do it then...

I couldn't agree more!! My boat is my boat!!!!..My wife has no idea what I paid for it,or what it cost to run and maintain. She said if you can afford it,then go nuts.. I just wish she had the same sentiment about strippers.:drink: