View Poll Results: is ypour boat paid off or on a loan ?
totally paid off
200
51.55%
I have a loan somewhere that helps me have it.
188
48.45%
Voters: 388. You may not vote on this poll

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is your boat paid off or on a loan ?

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Old 12-18-2006, 10:27 AM
  #41
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Default Re: is your boat paid off or on a loan ?

Mine is paid for, 10 yo, runs 84-85 mph, still looks good even if it is a Baja. Whenever I think of trading up I look in my checkbook and wonder where the payment would come from!
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Old 12-18-2006, 01:37 PM
  #42
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Default Re: is your boat paid off or on a loan ?

I owe, I owe, so off to work I go. But it is almost paid for.
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Old 12-18-2006, 02:11 PM
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Marginmn
What are you doing to earn 50% on your cash?
Bottom line..Realestate for me. Forclosures, Bank repo's, unpaid taxes or buy tax liens and so on. So many things to do in this business, it also helps if you know or understand the business and the returns are always better than in a fund account. Jeff
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Old 12-18-2006, 02:14 PM
  #44
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Pantera1
I cant buy the argument that having liguidity for investments can return dividends high enough to compensate for depreciation and interest on a boat loan. You would have to make 20% on your money to break even.
yeap
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Old 12-18-2006, 02:21 PM
  #45
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Default Re: is your boat paid off or on a loan ?

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Originally Posted by Pantera1
I cant buy the argument that having liguidity for investments can return dividends high enough to compensate for depreciation and interest on a boat loan. You would have to make 20% on your money to break even.
Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff

It help's being at the right place at the right time.
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Old 12-18-2006, 02:42 PM
  #46
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Default Re: is your boat paid off or on a loan ?

Bottom line.... I think everyone has learned (unfortunately from National Marine, and the likes thereof), that financing the purchase IS A MUST. What one does after that depends on each person's mind-set and financial options (and/or opinions ), whether to immediately pay-off or continue the finance option.

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Old 12-18-2006, 02:46 PM
  #47
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Jassman
Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff

It help's being at the right place at the right time.
20% annualy on real estate in this market ? I want in
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Old 12-18-2006, 02:47 PM
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Jassman
Realestate at 20% is a minimum. Building spec homes the margin's are at a given 20%....minus the deductions. Land purchases depending on what the anticipated value is ...300k investment will earn you 1-1.5k return in 1-2 years. Condo development deals like that all around, thats how my partner and I structure them. Jeff

It help's being at the right place at the right time.
Do you mean 1-1.5 points
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Old 12-18-2006, 02:49 PM
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Marginmn
What are you doing to earn 50% on your cash?
I would be happy with the 15% conservative that was mentioned. Do tell how
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Old 12-18-2006, 06:29 PM
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Default Re: is your boat paid off or on a loan ?

Quote:
Originally Posted by Pantera1
Do you mean 1-1.5 points
No, I mean 1-1.5 million return for a 300k investment. We are located in the deep south, MS coast. Katrina hit us extremely hard, our complete coast from Bay St louis to lakeshore is under extreme development. Hi-rise, and some mid-rise condo's are where the $'s at. We have investors, from all over the world that my partner deals with. Also doctor's, lawyer's and so on, we form LLC Co's and sell land to these larger developers, which turn them into condo's. You get paid a certan amount off each unit. The FLorida market is so saturated, sale are somewhat slow, so developers are moving West. MS also has gaming to offer along with the water, so it's a double edged sword. Also now the gaming has been approved so it doesnt have to be on the water, so everything is across the street, leaving open miles of undisturbed beachs for our tourism. We are also working on a first class marina, which means PR's for all involved, but thats down the road. This area will be a beautiful place in years to come. Jeff
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