Is buying a boat condo a good investment?

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Is buying a boat condo a good investment?

What is a boat condo you ask? Down in Florida, you can buy a space at a marina in a 3 story warehouse where a forklift drags our boat out of the water and lifts it into your "condo" boat slot. Your boat stays dry and out of the elements. Some sell for $30K, others up to $90K. It sounds crazy, but if I buy one cheap before a new marina gets built, maybe I could resell it later when they run out of room and prices go up. What do you think?

2006-09-20 15:57:17 · 2 answers · asked by Wait a Minute 4 in Business & Finance ➔ Investing

2 answers

nope, it is like renting a store house, i pretty sure they charge for maintenance

2006-09-20 16:09:04 · answer #1 · answered by Henry W 7 · 0⤊ 0⤋

I would. I always am investing. Never hurts you know you will sell of what you have in it. Can't hurt

2006-09-20 16:06:21 · answer #2 · answered by creature 2 · 0⤊ 0⤋