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Buying first boat w/ 3 partners ?
I know with a partnership, I will easily have as much time to use the boat
as I desire. (Realistically, 2x a week) And there is a 100% chance my costs will be lower..... What gameshow? Lower, Bob! Higher, Bob!! LOWER, BOB!!!! YAAAAAAAAH!!! "Curtis CCR" wrote in message om... "BooBoo12321" wrote in message v.net... Don't go into a partnership think that it will reduce the cost of ownership to a small fraction of sole ownership. For exmaple - If I bought a boat with two other parties, I would expect (off the top of my head) to save 40% (maaaaybe 50%) off the total cost of owning the boat alone. 50% is a large fraction!! But to save that 50% you are sharing with two other parties. Some may go into a partnership with one other party and think their cost will be cut in half. Or go in two other people and think that their cost would be on third that of sole owner ship. A successful partnership may have higher overall costs that need needed to be divided - that was my point. certain maintenance items that many owners may do themselves might be better "contracted" out in a partneship. ALL work would be contracted out, b/c we have no boat knowledge. |
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