Ok. So when do I get to buy one????

Hello?????
 

ECHO Echo echo...

I wish I did..:p

So Pat, back to the question at hand.....when will the new 33AVH be ready??:D

Sounds like the 33 will be finished when someone pays for it. AT isn't gonna finish on their nickle.

What do you mean Todd, whats the deal.

Jassman,
The first two buyers didn't come up with the cash or had a boat to sell. Pat put the project on hold, rather than finishing it. The priority shifted to the backlog of 37s.

You gotta go for the best bang for your buck, right.
However, you gotta think the 33AVH would be awesome
right out of the box, giving you a backlog of 33 and 37s.:D

Pat, call me tomorrow on the 33, I've got some TMP 750's, same motors that are in my boat that would fit nicely, thanks Jeff.

Todd-
I think you are a little misinformed I must say.
The buyer did not back out, and the cash is in the bank with a cert. bank note pending completion of the boat.
No bank is going to "pay for it" when it's not complete.....;)

Thunder 32, that doesn't make any sense, doesnt it all works on a draw system, unless you know something different.

You pay a deposit, work gets started, you pay draw 1, more work gets done, and so on, its not the responsibility of the boat builder to fund the project before getting paid, thats the banks job....

Its like building a house, I collect 10% upfront, go through the permits, get slab up and poured, I then get 15%. Once framed in (black in stage we call it) windows, doors, etc, I get 25%. Sht-rock hung, outside1/2 done, another 20%, cabinets and trim finished, another 20%. all flooring down, 5%, and before move in and customer is 100% satisified remaining bal of 5%. Been the same practice for 17 years, BOTTOM LINE IS I don't use my money to build their home, thats the banks job. The bank needs to know whom they are dealing with. Jeff

I think Thunder32 may be the one that would know what is going on based on these threads.

http://www.offshoreonly.com/forums/s...ighlight=33avh

http://www.offshoreonly.com/forums/s...ighlight=33avh

Pictures on Post 39-44 on this thread

http://www.offshoreonly.com/forums/s...ighlight=33avh

But then again, I know nothing of the situation with this boat or builder. Any inferences as such will be categorically denied based on lack of real knowledge concerning the situation herein described as"The 33AVH".
Thank you for your understanding:)

Kevin you little thread whore:p :rolleyes: :D Thunder 32, could you explain how the process works when getting a loan from a bank, and how payments go out to the builder, thanks Jeff

What the heck did Kevin say???

Thunder32,
When we bought our 37. We did similar to what Jeff layout. Progress payments.

No problem Jassman.....
when my builder built my house in VA, we made a deposit before the start, and paid nothing until closing
when the house was finished. The draw system you refered to above is used by some builders that do not have the cash or credit when building a custom home, so they work on such a draw system with the banks so they may (and hopefully) pay their subcontactors, as they must sign lien releases.
I was forturnate enough to do my homework and deal with a good local builder that has alot of equity and reserve cash flow. All he needed was a deposit and certified letter from the initial mortgage company.

As for the boat issue, Pat built me a 2000 32' AT in which I traded a 26' Velocity in on. I aquired a loan for the balance of the deal, made a deposit on the new boat, and waited for it to be built. When the boat was completed, I contacted my lender, and they in turn wired the monies to Active Thunder. Deal done. They would not release any funds for a boat that was not complete and documented for lien purposes. Most of us do not have say $150K or more in our checking accounts to work on your draw system, or would I. I have seen to many horror stories on this system when building a boat. And I believe their are multiple treads on various builders about this. The most recent I believe was Powerplay. They build a fantastic boat, but I would not work on a draw system with them due to their financial situation right now. Bottom line is everyone purchases boats differently by cash or credit, and when credit is concerned, no bank that I have delt with will work on a draw system with a boat builder. I will be glad to fax you loan notification form that I am referring to for your info. and by the way, great looking Nor-tech .

That is simple smart business, progress payments...We do the same thing on most of our renovation/pool build projects.

Maybe I need to look into this progress payments....
I could be wrong on my whole approach, and if I am I am sorry if I offended anyone;)

I am not sure what I said and I categorically deny saying it:D

Thunder32.....is the 33AVH on the floor at AT your boat or not:confused:

Have you noticed since H2O moved to the hills he's been in denial.....?

all i know is my buddy just bought a new 38 top gun 80 k down balance when boat was done and we inspected it and sea trialed it then he knew what he was paying for. you want to sell a new model of a boat you need to have one ready to sell if the boat was done it would sell itself and then others would have one to actually get info on from the 1st owner. rather than wait to se how it turns out after your money is spent, thats why business have a line of credit to build now sell later. thats my o2 and how i do business and do well.

good question H2O....i guess you know just about as much or more than i do....;) :D

Oh No...........I know nothing....noooooothing.......And if I did, I would deny it:D :D

I guess inquiring minds may never know about the subject matter in question.:D:(

Rick,

Not arguing with you one bit. However we have a perfectly good 32 and 37 available now. Today. Proven.
Should I really tap into my line of credit for this project? No. And this project has been funded by me personally with no guaranteed sales or deposits. So it is debt free. I am motivated to a degree. A return would be nice.

The 33 project was only pushed ahead because of promised sales. With troops in 2 countries and an election coming up the economy is only rebounding to the optimists and bullshippers. To dump a 100k+ on a new model for a small company is only prudent if there's an immediate return in the future. Otherwise, why do it?

As far as your buddy buying a T/G, atleast he put down 80k. That's motivation to build. And if he backed out the builder didn't get hurt. He kept the coin.

Interestingly enough, I have started to build boats for clients based on small deposits and when the time came for more money, guess what? They couldn't get financed or just didn't have the dough. You never hear that side of the story on OSO though.

So I guess the moral to the story is settle for a Fountain or a Baja if you can't afford to roll the dice for something a step above. It's safe and secure. Atleast on the trailer or a lake.

Pat.

Hey Pat, After exhaustive research it appears you may (or may not) have a 33AVH completed (or not) at the factory . If that is true (or not) I know someone who has a lot of cash and is looking for a poker run boat.

Please let me know (or not) if the boat is available (or not):D

show me the $$$$$$

I was really hoping for an "Or Not":D

Show Us the BOAT!!!!!!!!:crazy: :crazy:

pat im not questionig the boat it is a awsome product and in my opinion no comparison to a baja or a fountain.
i understand where your coming from being a small company, i just think that if you had one done ready to go it would sell in no time alot of people dont want to wait to have a boat built.

just my o2 keep building them as you are they are a awsome boat.

Thunder 32, in reference to how things are done in VA, are very different from other parts of the U.S. It sounds like the area you live in had some slow times, and problems with builders and customers. I've heard of this before, and even read about it, but thats not the type of market place I deal with, I have higher end customers, 2nd time home owners, customized to the max. My deal is plain and simple, you want something, I provide a service, if you can't pay me for my service, thats where the lending institute comes in, they make their money on closing costs and interest. Why would I want to pay your interest, closing costs, as well as use my money for something that you want. And then when you change your mind cause your wishy washy, or can't make a decision, who gets stuck holding the bag, the contractor. When you go to Burger King (not pickin on Too Old) you pay first, then you get your food, if it doesn't taste to your expectations, you complain, and hopefully will get serviced. When building a home, after the dp, when work is finished, checked by the bank and title co, to make sure their are no liens, the contractor gets paid on that particular draw, he has allready paid his subs, (I have a 35k per week payroll) and the majority if not all the suppliers bills that might have come in before the draw. So if a contractor didnt have a sizeable amount of funds in his checking account, do you really think I would have the same employee's very long, or be able to be in business. Has it happened, sure, I too here the horror stories, but.... there are more good builders out there than bad, same thing goes with boat co. The only way I would build homes, like in VA, would be... collect a 20% downpayment, (just like the majority of banks) charge upfront closing costs and have interest figured in, (Now Im the Bank) this will only work in entry level housing, low cost, low risk, its a market place in which is relatively easy to sell, spin, roll over or rent, to get paid. Its a market place the majority of people can afford. The reason why Im not in this market place is, you need to do volume, their is no customization at all, not to many changes, same boring homes, day after day. Thats not enough of a challage for me, I would rather do 15 high end homes a year, vs 45 lower priced homes to make the same money. It takes a little more effort to build 1 larger home vs a smaller one. There is a market place for everything, and a customer to fill that niche, its better to work smarter, than harder, I've done it your way, and couldnt make it work, and now have a happy balance between work and family, and have alot more time for poker runs, and thats what is all about for us. I wish you good luck, thanks for the compliment on the Nortech. Jeff Jassby

best of luck to you also...;)

Now that we've got all that settled, can I buy a boat...
please? :(

<Gordo pecs on computer screen...>
Tap Tap Tap
Hello? This thing working? Hello?

Gordo, I'll sell you my 28 and maybe I can get Pat to let me demo a 33 here in the offshore mecca of central Indiana.:D

Ok Gordo, tell me what options you'd like 33.:p :D I'm listning brother, Some TMP 750's, w/#3 drives, Iv'e got those allready started for you, all you need is the boat, call me thanks Jeff:D 228-216-0900 cell

I think gordo is looking for a 28, right Mike?

Yup.
 

That's what I've been hoping for. But I want something I can race when the urge hits, so it has to be capable of more than the average everyday off the showroom floor boat.

Are you saying I have an average everyday off the showroom floor boat.:( :D

Not at all !!!
I didn't mean to bag on your boat at all. In fact, you've got a beautiful 28. Sorry, maybe I should have been a bit more specific...
I want to build a new boat to test/showcase a specific GM Vortec power. The boat will be ran hard and probably raced on occasion, so I would also rather have a very sparse cabin with few, (if any) amenities.
Because of our success with the 25 Thunder, and after looking at a couple of 28's on the floor, the 28 Thunder was my first obvious choice.

I understood, I was just kidding you a bit.;)

BF28 so is your boat on the market. 01, whats it got for power, etc....

BF28 so is your boat on the market. 01, whats it got for power, etc....