The question" Is it possible to rebuild boats and come out ahead"
Yes if you know the boat inside out your labor is free and the equipment and
material do not cost you much and have the cash money to do it. All your
time, effort and material should be under the current value of the
refurbished boat. Otherwise it become a work of love and passion.
I am just returning from a Sailboats shopping trip in Eastern United States.
Over there I have learned that some people are buying sailboats in lot in
the United Stated.
They bring them into Canada cosmetically fixe them and sale them with a
profit.
Conversely, If you buy with the intent to fixe a boat and keep it for
yourself for years to come it becomes another story.
One of the classic financial case study used at most university is to find
out if it is worth it to refurbish a 30 -40 years old ferry boat versus
investing in a new one. The evaluation model used is called the present
value. It computes all known costs, (refurbishing, borrowing,
operating,maintenance, insurance and monetary gain) and project the value
over a period of time in the future and bring it back to today's value.
Then there are always the things that no one can evaluate with exactness.

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If you buy a fixer boat you are cutting out the money lender. Instead
of making payments to a bank you are making the payment to a materials
supplier at your own pace and as your dragon hoard allows. This
assumes you have a dry place to work and neighbors who don't mind the
smoke and roar and racket and that you don't mind being exposed to
carcinogens and being filthy and broke and bone weary for years at a
time. Not that I regret a minute of it except the fiberglass layup
part.
I believe some people could conceivably make money doing what you
propose but then those type of people would probably make money doing
anything and lot's more of it doing something else besides boat
fixing. Good luck and happy sailing or whatever.


LOL! I like that part about the "dragon hoard"

Thanks!