William Miller
Member
I have a good friend who I recently caught up with.
He has non SR boat (1995 Carver Mariner 330) that he owns with his brother-in-law for 4-5 years.
Like many of new boaters the experience has been less than pleasurable. Supprisingly the only complaint that I didn't hear was about the boat itself. Now that they've tried the boating "thing". The have realized that it's too much work vs. reward.
They are doing very well otherwise.
He suggested to me that if he could just give the boat away, he would. He mentioned this in front of his wife and they are both on board.
His contract at the marina is beyond the contract date and he techicanally owes transient slip fees.
I may pay him something for the boat, but need to get it hauled and surveyed just so I don't end up with a big problem.
I also don't want to end up with something that might have e lien on it. (Is it possible that if I buy the boat that I could be stuck with some old bills from the marina or others?
Not enough money for a broker to want to help. I know Boat US has a settlement department that helps with transactions.
Looking for advice on the process.
I especially want to avoid any issues that could mess up our relationship.
Thanks!
He has non SR boat (1995 Carver Mariner 330) that he owns with his brother-in-law for 4-5 years.
Like many of new boaters the experience has been less than pleasurable. Supprisingly the only complaint that I didn't hear was about the boat itself. Now that they've tried the boating "thing". The have realized that it's too much work vs. reward.
They are doing very well otherwise.
He suggested to me that if he could just give the boat away, he would. He mentioned this in front of his wife and they are both on board.
His contract at the marina is beyond the contract date and he techicanally owes transient slip fees.
I may pay him something for the boat, but need to get it hauled and surveyed just so I don't end up with a big problem.
I also don't want to end up with something that might have e lien on it. (Is it possible that if I buy the boat that I could be stuck with some old bills from the marina or others?
Not enough money for a broker to want to help. I know Boat US has a settlement department that helps with transactions.
Looking for advice on the process.
I especially want to avoid any issues that could mess up our relationship.
Thanks!