Decided to change it up a bit now that my finances have freed up and new options are presenting themselves. So, welcome to my new, happier thread.
I've been looking at a 34' cat that needs an owner. It turned turtle during WAGS (
Wednesday Afternoon Go Sailing - RQYS) in Moreton Bay, was bought by a Melbourne yacht repairer and fixed up, then he flipped it going south into a headwind. It has been sitting in a marina in Tweed Heads for 12 months.
Why would that be an interesting yacht? It's foam and glass, built in 2009 and CHEAP. I've already located a used rig for it (mast, boom, stays and full batten main and heady) and am about to make a lowball offer.
A sister yacht built the same year is currently for sale at $240k and I think I can get this one and put it back together for $110k or so. Nice margin there.
I also made an offer on a 546 sqm ABSOLUTE WATERFRONT property at $30k which has been accepted by the vendor. It has issues too, but not insurmountable ones. And with such land being impossible to find under $350k anywhere on the East Coast it would have to be the bargain of the century.
Having money doesn't suck. At all.
Photo of the cat:
The post-poverty postings
Threaded Mode
