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Re: Partnerships to Own a Cat in Charter
[Re: ligot]
#162781
06/06/2018 08:59 PM
06/06/2018 08:59 PM
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Joined: May 2011
Posts: 1,215
JAX
jphart
Traveler
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Traveler
Joined: May 2011
Posts: 1,215
JAX
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Have you checked out the Moorings or Sunsail owner information? Cash positive for first five years.
But most loan amortizations for 10+ years. So main issue is what you do after the 5 year phase out.
I know two Moorings ownership groups. Formed LLCs with +-10 members. Good results, but must be structured properly.
JPH
I spent my money on booze, broads, and boats...the rest I wasted.
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