On Tue, 06 Nov 2007 01:13:44 GMT, Short Wave Sportfishing
wrote:

I've seen a couple of insurance boats that would make good candidates
for this approach.

If you want to end up with a great boat at a reasonable price
(reasonable is relative), I'd start out with something better than an
insurance boat so that you can spend most of the money on cosmetic
stuff. The Berts have great electrical systems so that's not usually
a problem. The 8V92TIs can be completely refurbed for $30K each, a
new genset for another 20K. Figure another 30K for new controls,
instruments and electronics. A good awlgrip job will run about 30 to
50K, complete interior refurb 50 to 100K, new canvas 10K, new props
and shafts 10K.

So let's add it up, taking mid point of the ranges:

Engines 60
Genset 20
Cntls, etc 30
Awlgrip 40
Interior 75
Canvas 10
Props 10

Loooks like about $245 give or take, maybe $300 for top shelf
everything.

Decent used 46s are about $200, so you end up with a $1M boat for less
than half. You could easily spend another 20 or 30 for new helm
seats, fighting chair, ice maker, out riggers, etc.