How can one purchase a boat Slip ? Is it a good investment? and why type of maintenance does it require?

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How can one purchase a boat Slip ? Is it a good investment? and why type of maintenance does it require?

2007-02-04 05:01:39 · 2 answers · asked by raclawski04@ameritech.net 1 in Business & Finance ➔ Investing

2 answers

Bob is right. I would buy a slip because you love boating, not as an investment. I suppose it is possible to flip a boat slip and make money, similar to flipping a condo, but you would have to be lucky.

2007-02-04 07:24:19 · answer #1 · answered by howardrourke 3 · 0⤊ 0⤋

Yes you can purchase a boat slip, there will be no maintainance because you will pay a monthly fee for taxes and maintenance, Just like owning a condo.

It might be worthwhile to do if you are young, have a boat and love boating...you are basically keeping your moorage rates in the future , the same as now.

For investment???I don't think so, and hard to sell as well

2007-02-04 14:48:33 · answer #2 · answered by bob shark 7 · 1⤊ 0⤋