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Wife say's Get a bigger boat

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Old 07-17-2004 | 12:19 PM
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Default Wife say's Get a bigger boat

Hello all
My wife saw a 2000 SST at the river and now want's a bigger boat
And agrees i have good taste
Sure i have to sell my 89 sport 190 /w5.7 first
She loves the outlaw and want's something we can spend the nite in
My question is for any advice in this kind of purchase
price ,15 year loan would that be bad ,do i get a home equity loan etc
Just any ones thoughts ,may be a dream brought to reality in the next six- 12 months
Geoff
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Old 07-17-2004 | 04:51 PM
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Default Re: Wife say's Get a bigger boat

i got a 15 year loan at local c/u at 4.99 %,i write my boat off as second home,1/3 of the interest would be tax i'd pay anyways,ITS A GREAT IDEA,besides,GET IT BEFORE SHE CHANGES HER MIND!!!!(LOL)
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Old 07-17-2004 | 07:55 PM
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Default Re: Wife say's Get a bigger boat

Looking for a 25 OL SST
With it only being a 25 can it still be called a second home?
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Old 07-17-2004 | 08:05 PM
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Default Re: Wife say's Get a bigger boat

MG--call me. 317-791-9019
I have a 25 O/L SST w/502 I'm going to sell.
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Old 07-18-2004 | 09:13 PM
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Default Re: Wife say's Get a bigger boat

Originally Posted by articfriends
GET IT BEFORE SHE CHANGES HER MIND!!
The window is open. Get one before the window closes.
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Old 07-18-2004 | 09:20 PM
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Default Re: Wife say's Get a bigger boat

Originally Posted by mg503
Looking for a 25 OL SST
With it only being a 25 can it still be called a second home?
If you have galley, head and sleeping quarters yes. I think you have to sleep there minimum 14nts(?) of the year. This is Fed IRS-each state tax is different.
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Old 07-19-2004 | 07:09 AM
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Default Re: Wife say's Get a bigger boat

mg503,
You gotta love it when wives say that. I'm in the same boat. We're looking for something bigger also. Hence, the reason we have ours for sale. It may be just what you're looking for. See here:
http://server1.offshoreonly.com/geoc....php?a=2&b=905

Good Luck!

P.S.
I've been writing it off as a second home for 3 years. Check out IRS publication 936. My advisor says no problem.
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Old 07-21-2004 | 01:51 PM
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Default Re: Wife say's Get a bigger boat

Got a nice 38 special for you / her.
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Old 07-21-2004 | 02:21 PM
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Default Re: Wife say's Get a bigger boat

Always obey the wife!
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Old 07-31-2004 | 05:37 AM
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Default Re: Wife say's Get a bigger boat

Mg, I Have A 1993 24 Outlaw That Was Redone In 2003. Real Nice Boat. If You Want More Info Let Me Know. 22,000 Buys It.
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