failed marriage

Sounds like $2K is a cheap price to pay for some valuable life lessons about friends and business partners. Your friend was stupid to go into a deal with you without the support of his spouse. Maybe you didn't know better. Recommend you scrape pennies off the floor so you can buy the thing and be done with it. Partners are only good for two things, swimming in the marina and you know the rest.
 
When it comes to boating there is an old saying... The only ship that doesn’t float is a partnership.

I bought my first boat with a friend (that I no longer have). Half way through the first season I had to buy him out. I was paying up front for everything and he was always a little short on money and said he would pay me later. I was also doing all the maintenance and cleaning, but he had other obligations and couldn’t make it. Needless to say this put a big strain on our friendship and now we no longer speak.

In your case, you seem to have been very disrespectful to your friend and his wife. He has to go home and defend why he is a friend to you and his marriage is probably a living hell right now. Your post was entertaining, but your actions were rude.

If you want to keep your friend, apologize to him and his wife and then find an amicable buyout number or sell the boat and split proceeds. This situation is only going to get worse.

Now go get some pictures for the boys! :grin::thumbsup:
 
My business partner and I bought a 23' Cobalt. It was a "company boat" and used it for business meetings. Since it was business the wives didn't go out with us. They didn't even know we had it for the longest time. Great day on the water discussing "business" while wetting a line. We sold the business and the boat. I miss both but got over it with the purchase of my own boat and I now have admiral with me. She can bait a hook and run the boat...
 
Alright..Its done. We are meeting this week and I will officially be the sole owner. I think overall everything went ok. We settled right around where I thought we would and friendship is always more valuable than money. This one still seems to be intact and his marriage will probably be better off with out me or my shananigans anywhere near it.

mphw--Most weekends I use at least 60 gallons sometimes more. We get gas caddied to the boat 30 gallons at a time. The one I had put in yesterday cost about $75 at road prices. It was the 3rd one of the weekend but it didnt get used completely. So yea im going to say this weekend we used about 70-75 gallons in 3 days time (you have to leave the dock to use gas like this ask wayne about it ;). I also never said my bank account didnt have 2k in it. I said that I didnt have the kind of account just to write a check for 2k on a moments notice. I prefer to use expendable cash on things like boats, jet skis, and other toys. When I decide I want one of those things mentioned or anything that is not neccesity I generally like to save the money for them beforehand. The money I have now was not deemed for such expenditures even though I am going to go ahead and close the deal with him this week. I ideally would of liked to have a little more time to allow me to put the money aside instead of taking it from somewhere I had not planned on. Thanks for your concern though

Thanks for all the advice and comments. I will get some pictures together here soon. So all of you older gents can live vicariously through my adventures
 
apologize to your great friend and his wife.

Ask him what he wants to buy him out and pay up.

Boats come and go, friends do not.
 
I haven't logged on in over a week, and here's the thread I read. Ugh.

I can't believe this question was even asked. I can't say anything that wasn't already said. You're 22 and single, he's older and has a wife and kids. You may be a great guy, but I would have never bought in with you based on those statistics alone. It's just a recipe for trouble.

Buy him out (half the boat costs and everything else but routine maintenance and dock costs) and respect him and his family, whether you like them (her) or not.
 
I guess most people don't read the entire thread.

He already bought the other owner out. See post #70.

Doug
 
chris5635 said:
Alright..Its done. We are meeting this week and I will officially be the sole owner.

Thanks for all the advice and comments. I will get some pictures together here soon. So all of you older gents can live vicariously through my adventures
Click to expand...

Good on you. And you have an excellent idea on how to manage your finances and "toys".

But these pictures you speak of. You keep saying you will get them together, but....I no see pictures! :huh: Oh, and don't insult those you call "older gents". Not sure who you're talking about, but I don't think it's any of us (well, except maybe Scott). :smt001
 
This post should go under the Marina Etiquette page. "What not to do at the Marina with your married friends" (And if you do....please post some pictures!).:thumbsup:
 
Rats! I already had a few days pencilled in to go check out my new boat and hang out with Chris and the cuties. :smt013
 
You must log in or register to reply here.

Forum statistics

Threads
113,188
Messages
1,428,240
Members
61,099
Latest member
Lorenzo512
Back
Top