*PART 2* WE MADE AN OFFER on the ABANDONED Mikelson 50 Pilothouse and We Got a Response! Ep. 36
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- Опубліковано 14 жов 2024
- / thesirenslog
Last week, we explored a 1987 Mikelson 50 sailboat. Known for their luxurious teak woodwork, these Taiwanese boats have a rich history in the sailing world, and are loved by many. Only 18 were built in Taiwan for Mikelson in San Diego, and we were lucky enough to find out sitting in our back yard.
You told us to hold out, to not buy the boat, because it was too far gone and we could do better. We didn't listen and we put in an offer on the boat anyway. Today, we share with you that offer, and the outcome.
We're Siren and Captain Hal. We're surfers, we're fishermen, we're yacht brokers, we're boaters, we're captains, we're divers, we're ocean people, we're Floridians, and that's what our channel is all about!
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If you’re willing to pay the price and do the work necessary, don’t let anyone tell you that it’s not worth it. I’m a boat builder and people think I’m crazy to put in so much time on a build when I can just go buy one already built. It’s my passion and when I’m done, I’m a part of that boat and not just the owner of a boat. 😊
You give them a piece of your soul forever.
Thank you!!!! So very true. The way I see it, when the boat is DONE (ok, “done” is a silly word to use on any boat but I did it) it’ll be pretty good to go on major things for a while and will be a very solid boat again for years to come. And we don’t care about the end value. The boat would be for us, and family and business and life…. It’s all for that.
Thanks so much for watching!!!
I watched the first 12 seconds and turned it off
@RoBear-bv8ht I don't get it, we have the time and the money, is this a reflection of yourself? Are you not able to do the work so you think we can't?
@RoBear-bv8ht You have a lot of assumptions. Keep watching. We might surprise you. Remember, we have 2 surveys completed this year. Our jobs aren't normal 9 to 5s, and we work and live in the industry. Subscribe, keep watching and keep commenting. All helps the channel.
Hey guys, I really don't understand the obsession we all have of owning some old William Garden designed boat out of Taiwan, I had a Formosa years ago, which is basically what the Mikelson 50 is, leaky teaky! No matter what background in DIY you have in restoring boats, building electrical or playing with epoxy and fiberglass, you must decide one very important part of your lives, and believe me this is very important, "Do you want to hang out like a load of other UA-cam content makers providing videos on DIY, or would you rather spend your perfect aged time sailing the world, like Erik Aanderaa of NBJS"? I get it, it seems cool, "been there done that", but you guys are definitely around 35 going on 40 years old, get a boat around $100K, with minimum DIY, and SAIL!! There are hundreds of them out there! Forget the '80's Formosa, Vagabond, Garden designed leaky teaky's, you'll be playing with powertools rather than pulling lines down in the French Polynesians! But, if you're goal is to build up a charter business down in the Florida Keys area, which is where I use to sail back in the early '80's, then go to a bank with your deposit money and get some new inexpensive marine plywood epoxy sailing boats to charter for the sunsets. In fact, the government would fund your project with a SBA loan since all the idiot Dem's are throwing out our tax money to every Joe Blow with an idea. Put together a Business Plan with a strong executive summary and submit it, they'll provably go for it., up to $5m. Sweating over that piece of crap isn't wroth your time!
You are not wrong my friend, but the heart wants what the heart wants. With a little love and a lot of bad words, blood, sweat, and tears we would have what we want. We want one boat for the rest of our lives. Chartering is just a way to stay upright with her. Every boat is a loss unless it makes you money.
Yeah we’re pretty settled on what we want, unfortunately, but also fortunately. This boat has it. I just look at it like this- once we put the money and time into the boat, we have a very lovely boat for many years to come. I’d rather hunker down now and do the work while we have the time and money than buy something we don’t want and then upgrade later and still end up with the same issues.
I am 77 and my project days are past, but one has to make their own decisions. My favorite UA-cam channel is "Project Atticus" They started with little money, bought a junk 32' boat for 5k about 6 years ago, spent well over a year making her seaworthy, then sailed the Caribbean seeing some of the most scenic places in Mexico, Cuba, and Central America. I and many others subscribed when they were searching for the right boat. Between working odd jobs in marinas, UA-cam, and Patreon, they made enough money to buy Atticus II a far better 40' boat. I don't remember the builders of either boat, but they interviewed some long time sailors, and experts before selecting the new boat. I have not missed an episode since the pandemic started.
😊
Facts!
69 years old here in Sacramento. I've never Been on a boat ! But, I've lived in this house since 1992 and this Also is a 'HOLE' you throw money into ! NOTHING is free. I get to live my dreams through YOU !! Buy it, Fix it, Sail it !! And have FUN !! First time viewer. I'll be watching !
Thank you for watching. I hope you subscribed.
Hahahah Thank you!!! We’re excited to have you along for the ride! And believe me- I owned a 1915 historic home in Florida and that fricken thing…. Yeah. Same deal. Money pit. I’m trading it for a boat now. Hahahah same problem! Different money pit.
I have never heard of a bank spending money on a boat to get more money for it. They usually put it up for auction, sell it to the high bidder, and move on.
I agree. Yeah the guy still owes well over $100k on the boat and they left it in his name and started doing work on it for him. Lol 🤷♀️
@@TheSirensLog Then there is probably another source of collateral for the loan, like a personal guaranty, a second on some real estate..
No, we're not. @Rovingdog628
We aren't lying and we aren't misinformed. Now I don't understand the inner workings of what the heck is going on between the "owner" and the bank who handled the loan, but the owner isn't putting money into it, and our brokerage (I'm a broker and our brokerage- a small brokerage at that) is dealing directly with the bank, and we moved the boat and have it sitting in a marina listed at $139k, though I know they will sell for less. I've NEVER heard of a bank putting money into a boat, but I can assure you that this one did. We convinced them to pay off the debt to the shipyard where it sat as well, and they opted to do some light work to the boat in order to try to recoup some money back. I agree that isn't normal, but it's what they did. I am NOT misinformed. and I am not lying. @Rovingdog628
Hell if wasn't so broke Id come help you refit that and go off with you guys. The more I listen to you talk about your experience in work the more I am impressed and saddened you have never gotten to enjoy the fruits of those hard laborious hours so I wish you both the best and fair winds and slightly following seas Cheers for Georgia USA
Hahah Thanks Bill!!!! We could use you for the help anyway!!! Haha Stick around!!
I know what you mean about finding the right boat. My last boat was a raider 33. As I get "older" it got to big.l was looking for my last boat. I was looking for very simple small on trailer, and I found it. A precision 18.i had to go from Mississippi to Miami to get it but it's in my yard and very much happy with it. Thanks I will keep an eye out for yal because I still love to check out boats.
Thanks Captain Ron!! We appreciate you being here. Glad to hear that you found the right boat. That’s a dang good feeling, I’m sure!
i live in Vancouver, but kept our power boat at Canoe Cove Marina north of Victoria. I often stayed weekends on the boat doing maintenance. William Garden was quite old at the time, but he lived in a small home on a very small island across a channel from my boat. I would sometimes see Mr Garden in his small boat coming across to get to a store for provisions. He was at that time a small man, but still with a huge reputation in the marine industry. I hope you can find one of his boats.
We do too.
Awhhh... Yeah Ive always kinda wanted to go up to that island and just see. hahah
As an east coast city person, it’s really cool to see your southern vibe. Y’all are charming, intelligent and cool, wishing you all the best in your journey. Staying tuned from NYC
Haaaaaayyyyy NYC! We’re so happy to have you around! Thanks for being here!
Thanks for telling us about ya'll. I'm glad you are prepared to walk away from it and look for something else. The best thing you could end up with is the bank coming back to you though. The idea of the contract is brilliant too. Good luck!
I wish I had documented my life as well as Siren. lol
Yep! I agree!! I need to go find which person made that comment. I mean, It’s not really a foreign concept- as a broker, we write up purchase sale agreements on every sale which is essentially that! Then after survey and sea trial there are negotiations. This would essentially be the same, but kinda in a different way. Should have thought of it myself.
I'm a sucker for watching old boats being given a new lease of life so mire than happy to subscribe -!
Thank you!!!! We did another video on this boat where we sailed it
Your enthusiasm is infectious. I wouldn't be too concerned about a dodgy rudder repair. It dosen't matter too much if it fills with water as long as you eventually get on to it. To do it properly you should split it in half and check the condition of the metal inside then glue it back together. Preferably with it removed from the boat. Its a big job and the vendor is never going to do that. As long as it works it will be good for a year or so. The leaking rotting Coach House is possibly the biggest issue. If the Bank were to cost that out they may get quite a shock. It should be costed at shipwright rates. regardless of who actually does it . I do hope you get it but yes it is a big project. I have been looking at a similar boat in Australia, Formosa Peterson 46 but for me the renovation cost is going to be prohibitive and I don't have much free time . I will cool my heals for a while and watch you guys.
Awhh thank you. Glad to have you around!
Yep, this was my way of thinking on the rudder as well. I figured we could patch for now and then maybe replace in another year. I wasn’t sure if I was right in thinking that way, but we’ve now had a few comments that make me think I could probably get away with that.
Yeah, I really don’t think the bank has any idea what they’re looking at. But then they list it, they’ll start to see, I think.
❤ your eye for beautiful boats! Impressed with your patience, too! You two sound like a wealth of knowledge with plenty of skill to tweak or completely overhaul anything you want. I understand and embrace the happy median of being able to be in/use/enjoy the boat to some degree and putting in the time, energy, expense of making it comfortably your own. Looking forward to seeing what you two land on! ☮️⛵
Thank you!!! Stick around, and we will eventually settle on something. May put in another offer on this one early next year if they get all the systems working. We will keep looking and keep sharing! We’ll be working on our two VW busses a little bit too so stay tuned!! We’d love to have you!
I just watched this video, on your channel. Boy, folks are 'tough' out there now a days! I enjoyed the video and actually it was your 'talking' that drew my interest. It is pretty difficult to explain your circumstances and backgrounds with out talking. I was offered a great deal on a Hudson Force 50 years ago in San Diego and always regretted not buying it. So I am very interested in watching your journey looking for that type of sailboat (not a power boat, sorry sir). Cheers and with your attitudes there is no way you will not succeed.
Thank you!!! Nice to see a positive comment every once on a while. Sorry to hear about you not getting the Hudson force! We don’t want regrets about it either and we’ve worked up to this point in life where we can buy the boat we really want, on a smaller budget than initially expected, but with the right boat an opportunity, we can get the boat and do a lot and continue work over the next year or two. This one is obviously a lot of work but it’s not the worst. The video after this shows a Formosa 51 in significantly worse condition. That boat was a lot more than we wanted to get into. We will be busy this year with some travels and looking at other boats and may put in another offer on this one next year.
Until you guys get your boat would love to see boat tours done by you two. Your unique humor and chemistry would be amazing.
We are big fans of Nautistyles but they concentrate mainly on power yachts that are completely out of range for the overwhelming majority of us. Would love to see more yachts that are obtainable from your perspective.
Cheers guy love your videos. Hope you both and the pooch feel better soon❤
Thank you!!! We have a few more boats we want to look at locally. Stay tuned!!!
Thank you!! I believe we will do the Marine Trader next, even though it is a power boat. There are a few others around we can do that are old Taiwan builds!
Love all the details about you guys. Y’all are Super qualified ⛵️stoked on following along the boat buyin journey
Thanks Honey!!!!
Thank you girls!!!!! Magic is happening and we’re riding it out til we go back to our 500 views again. 🤪😂
If you two are up for the massive effort, go for it. As you probably know, you’re going to spend 100k. Your labor is not recompensed other than your personal satisfaction. Have at it!
That’s it! Hahah Yep. I think we’d put around $125k into it by the time we’re feeling good and settled in. Another $50k if we wanted to really make it amazing. Teak deck…. New mast… it’s all possible! That’s why we want the right boat. We don’t want to sell and upgrade later. We won’t. We need the right one now so we can do all that crazy work and make one boat ideal for us, and then keep that boat forever if we can.
Some one at the bank doesn’t understand he concept of “sunk cost” . Your doing the right thing with an offer that reflects reality. There will be the right boat out there , this time of year you should investigate boats in regions that have boats put on the hard and stored for the winter. People drop the asking price if they are tired if the boat and want to get out from under the cost of storage and yard fees . Many have to keep paying the slip fee at the marina to keep it for the next season too. These boats are often in nice shape as they don’t get the Southern sun baked look and because they are hauled every fall the bottoms are in good shape , many storage yards offer bottom work discounts to keep the core crew busy during winter to prep the bottom for anifouling before launch. Check the bug Great Lakes yacht centers for fresh water boats too , you may find some beautiful boats power and sail .
Best wishes on your journey!
Thanks for watching!!! Subscribe and see what we end up with. You are right! We are watching up North like a hawk and have a trip planned in a few weeks. We don't know what is up with the bank. The whole thing sounds insane when the broker tries to explain it to us. We aren't giving up on Serenity. Siren loves it and my requirements are met on it. We are looking at other boats and will be showing them on the channel, so stay tuned.
Thanks!! That is great info.
As a seasoned investor (of many things from Real Estate to cars, to antiques to boats, cars, motorcycles) I think after seeing your previous walk thru video, that your offer is absolutely fair. -- Don't take the "laughed at" personally. They'll come to a realization later on. Make the same offer after someone (from the bank?) checks it out OR take video and pictures (printed) and send it in with the offer along with a letter describing it's un-seaworthiness and estimated rehab cost. --- If it's turned down again, wait a couple of weeks and send in that SAME offer. MEANWHILE....keep searching as if you are still looking. Your "perfect for you boat" is out there and it will pop at you at the right time. Even if it's this one. Don't force anything. Just go with facts and the knowing that you'll find it. ---- My most amazing wishes to you folks. -- Nelson, Sebastian Florida
Thanks Nelson! Yeah we actually did that with the bank. It complicates matters slightly that I work for the brokerage that is dealing with that bank, so… I won’t get into that but it actually doesn’t help me. And honestly, we’ve been looking for a few years, so we haven’t just started. I know everyone keeps saying to wait and keep looking and that it’ll pop up at the “right time” but the truth is that we’re running out of time. This window of time we have is only so big, and we’ve already extended it. If we don’t have a boat ready to go by next year sometime, the lifelong dream and plan is off the table for us. That or we just don’t have kids. Either one is a big decision and majorly life changing. We’re backed into a corner now and the right boat better start showing itself or we don’t get one.
@@TheSirensLog Having dealt with brokerages in both the SE US and here in the BVI, having purchased 4 different cruisers over the past 10 years (my upgrade and the kids keep growing up and moving out onto their own) I think the same rule applies. Older cruising boats in solid but not pretty condition sell for 50% of the original asking price, and as a broker I'm sure you see that as well.
There is also the "derelict" formula in the SE US - find an interesting boat, talk to the yard manager and offer the owner exactly the amount owing to the yard...you'll likely get it once the boat has been there more than two years.
My examples, and all of these I simply cleaned and loaded and drove away with no significant work:
Morgan 461 - asking 135k, paid 65 in BVI.
Catalina 30 - ask 30k, paid 9k in Savannah,Ga
Islander Freeport 38 - ask 75k, paid 38k, New Orleans
another Islander Freeport 38 - ask 65k, paid 42k in Pensacola...BUT that included the owners pulling and doing a full engine rebuild as part of the deal.
Yes, all of these have had significant work afterward to change them from bare cruisers to comfortable, but keep looking for those with solid glass hulls and decks, skeg hung rudders, engines easy to rebuild and a boat you're happy to be seen in. Rigging, canvas work, rewiring, replumbing, adding solar/lithium, electric galleys and watermakers, will keep you busy for years as you make your home a happy one. Just don't make the mistake of thinking what you sink into it to make it "perfect" for you will ever translate to a much bigger resale value. Boats are homes, happy travel places...not investments.
This is something we try to explain to people- that boats are not investments. I deal with it a lot as a broker with people expecting to buy a boat as an investment to use as an Airbnb or something, and even with sellers who want more for their boats because they’re adding up the maintenance they’ve had to do. It just doesn’t work that way and we know that well. Unfortunately with the yard, the bank is paying what they owe for the boat to sit there, even though it still belongs to the owner.
I noticed a full keel and full rudder. . . . . . . She looks like a Morgan . I like the stern line going around the frame of the stern .
I epoxied our wood work 👍
Great wood work on both sides .
She's worth it 👍
Your prop being protected by the full keel and rudder is protected 👍
We also made leather headboards for the bare bulkheads .
Sounds nice. Leather headboards. Mmmm good idea.
I like her. I think, no make that a certainty, that she is in possession of a reliable and up-to-date survey and depending upon the results of said survey bearing up would be very interested indeed. 😊
My first new sailing vlog channel of 2023! I can always tell the ones that will make it. Knew it about Uma, know it now. Good luck guys.
Thank you. I believe we will if we can find a boat. That is going to be the challenge. Thank you for watching and I hope you subscribed.
Thank you Damned Spot! We’re happy to have you here! Subscribe and we have a new video out tomorrow!
Really happy I found your channel! I love boats. I have always wanted to be a boat broker. I search boats all day and night online anyway. Unfortunately I am in Canada not Florida. 😢
Look forward to watching ❤
Hey! Thanks for joining us! Well, there are a TON of great boats in Canada. You can totally be a broker there.
I think the bank is going to be tough to convince (because the bank see’s $$ & not the boat how it truly is) of the realistic value of the boat given its’ systems, sails, fixtures, fittings, keel, hull, engine, generator, electrics, deck, stanchions, wheel-house, windows and lots more - are in the state they’re in - and so I think probably 1 of 2 things will happen; you’ll either (& not in order) 1) Find another boat which ticks the most if not all of your requirments boxes which is likely far closer to being “ready to go”, listed at a far more reasonable price, saving you $ and time in work over the Mickelson - or, 2) You’ll reach a somewhat comfortable/uncomfortable compromise agreement (as your heart is partly set) with the bank on the Mikelson which may be perhaps a little more than you want to pay to acquire it - which will take time, perseverance and effort in negotiations. In the long run, you’ll have a beautiful, asset of boat either way - but that’s my gut. By the way, if the boat was mine, the number one job I’d want doing - is the ridding those roaches!! Hate them!
Hahaha Amen!! The is THE first order or business before I can get in there and even track down the interior rot. I quit looking in the honey holes because I kept seeing roaches. I know the rot is there though. Lol it’s gotta be. We pay make another offer in a couple months!
Just for fun, there is a 1975 Boothbay Challenger, 58 feet long, in Maine listed at $109K. If you want to charter, it is a larger boat with a better layout - and it appears in much better condition. Made in the USA by craftsmen.
Thanks! Yeah I am familiar with the boat. I’m keeping it in the back of my mind for now.
Good luck. Just started watching enjoying the videos. I'm going to keep watching. I am in the Chesapeake, and I will keep an eye open for boats. I have a 1992 43 legend.
Nice! Thank you! Glad to have you around!
Yep as a broker I've dealt with bank owned boats and as you said some pencil pusher looks up values, i can't believe a surveyor put 130 on that.
A good friend of mine bought a Katrina boat a Hudson force 50. I thought he bit off more than he could chew but he had worked in yards before and rebuilt it himself. Was very nice but still a little project till perfect. But he did sail it from New Orleans to Tacoma WA.
My advice is look hard for a deal in New England boats are just so much nicer. Check in with Mass Maritime and other nautical training schools to find out about what they have as donated in inventory.
That’s true. We are half planning to go up north soon and poke around, we just have to be careful with that as well because we don’t want to spend all our money looking when we could be here working and saving it. Haha there’s a balance in there somewhere. We are lucky this one is at our home yard, so very convenient, and our brokerage is dealing with it which actually makes it more complicated. I know the boat is bad off, but I think it’s very doable and not nearly the project people are making it out to be. Thanks for the comment! We will likely offer more.
Just happened upon your channel!!! I’m here for it. Boat looks like an epic adventure and refit ❤❤❤
Thanks for watching and following along. We just released a video today check it out.
Thank you!!! Please subscribe. Happy to have you!
I did subscribe:)
@@Ms_Princess_Zelda Sweet!!!!
Glad to see the progress of evaluating your potential boat(s). Time we’ll spent. Have you considered in your contract with the bank you hire your own surveyor and they pay half then do final negotiations after dissecting your survey report?
They wouldn’t pay half. I’m happy to pay for another survey in a few months if we haven’t found anything. It we’d HAVE to get another survey to prove anything, but at that point, they may have already proved the systems Do work. 🤷♀️
Nice to see some people with a maritime background posting sailing videos
Hopefully it will make our channel stick out.
Hahahah Thanks!
All hail the ski bunnies in life. 😂😅😮 cheers🥃
Beach bunnies are better. 🤣
Hahahaha Hey, y’all leave my vest alone! I like that thing! I’m gonna wear my leather vest next time.
Didn't I tell you that not less than 100k, well yes, that value is just that.
You must rely on the offer for major repairs, engine, sails, rigging. the rest, including navigation instruments, today with a tablet and navionics and an AIS in radio communications TODAY, THE MISCELLANIA WILL ARRIVE.
THE ISLAND TRADER'S OPTION IS ALSO GOOD AND I HAD ALREADY TAKEN A LOOK AT THAT BOAT. VERY GOOD
You looked at the one in Ft Pierce???
I believe the designer was William Garden. He died a few years ago, but donated all his architectural drawings to the Mystic Seaport museum in Connecticut. If the drawings are there, they will print copies for a nominal fee. They had eight of the eleven drawings for my boat, a Truant 37 pilothouse. Good luck.
Thank you. We contacted Mikelson and one of the owners told us the designers name.
Thanks Paul! Yes, and the list of William Garden designs is online and easily accessible. Nice to know they will print them though. How cool. Big blueprint size and everything??? One spec sheet said WG was the designer, but one of the owners told us he wasn't. We will investigate.
Yes, the drawings are to scale.@@TheSirensLog
We have official flyers from the factory that have his name listed as the designer. However, the owners of the company themselves told us the designer was Aldo. @Rovingdog628
Great project, however, the first thing is the bottom has too many coats of paint on it and it may be covering up some problems hiding under it, if you are going to really renovate this boat, remove the bottom paint and put barrier coat on the bottom. good luck with your renovation going to be a long project but you are young!
Thank you! I agree and that was a concern. Be sure to see our next episode- we look at that.
Yep, and I would rather be young and stupid, than old and smart! (I'm old and smart now!)
You are about the 10th channel I’ve watched this year trying to buy a used boat. NO ONE has found what they consider a good deal. Good luck on your search.
Thank you for watching! We are looking for the right boat. Not necessarily a deal.
Yeah, we’d love to find a deal, and we do have some good insider deals on the table, honestly, but it’s more about getting the right boat in a way we can afford it. The Mikelson would be a deal if we could get it cheap because of the systems we can likely get going again.
I like your viewpoint and the way you view a project boat is refreshing. My wife and I have cruised from Pensacola to the Keys , and in the Bahamas down into the Exumas. We had boats from a Compac 16 up to a 34. All needed work and we loved knowing the boat systems stem to stern. I think that's what you are doing , and to have a well found boat to visit the world is a great thing! Keep at it!
Thank you!!! So nice to hear from real sailors to see it like we do. We like this boat, Hal just thinks it’s a bit much. We actually have another video after this one where I sailed it around to the marina and Hal put his foot down and doesn’t want it. I’m the one buying the boat- I sold my house to buy it- which was the loose plan for over a decade. BUT Hal is my mechanic so he needs to love whatever I buy and it’ll be our boat. We’ve contemplated circling back to the Mikelson, but we have some things to see first.
Brill new channel! ⚓️🌱🌿 thx from Denmark - really looking forward to viewing, totally enjoying every minute ✌️🥳
Welcome aboard!
Thank you!!! We’re stoked to have you here!
There’s a couple sailboats at Dentons boat yard on bushy park rd in goose creek South Carolina. I work next door at that facility. I know one is listed for sale but there’s others that’s been there for a minute, I heard that that boat yard was closing down . Not sure. There’s two Dentons , one In Charleston and this one on bushy park rd. It’s on the Wando river.
Oooh NOTED! Thank you!!
Just something to think about folks, the Great Lakes. The boating season is short so the boats tend not to get beat to death and they are in fresh water. That said, you would have to get it to Florida which will either be through the St. Lawrence or on a flat bed truck, if it can even be done due to height. Just something to think about. Good luck guys.
Yeah we had planned to look there but I think we will explore locally more first
Just found your channel and well, I know nothing about boats, I always wanted to learn but those days are gone. I really appreciate the craftsmanship that goes into older boats including repairs and maintenance. Can't wait to see how things pan out.
Thanks so much!!!! Stick with us!
While watching your walk-through of Serenity in the previous video, I was in the nope, walk away camp. After listening to the backstory of your life experiences, though, I can appreciate how this boat might be right for you. Only if the bankers find their way to reality, though.
Have really been enjoying your personalities in the vids. No doubt you'll find your boat!
Thank you for watching! I hope you subscribe. We are still looking at boats and have more to come.
Thank you so much Terry!!!
Maybe a shout out on here to see if you could get a couple of independent surveys done.......... Contract sounds good. Best wishes
If they would have countered the offer or played with the idea we would have got another survey. Now its a waiting game.
Yeah we’d have to get our own survey just to prove a thing or two. We will see!!
You offered a very good price. If the bank has a problem with that, turn around and move on. There are too many problems on this ship. If the bank contacts you after a certain time, just offer 10,000. Even that's a good price for the bank. Banks are rich and have endless money. You don't have infinite time. Keep looking. Someone mentioned a Bristol 45.5s I'd be interested in.
Good point. If by spring they get into a pinch, we might get it less than $30k. 🤪
Very excited for you two super-capable, well-experienced boat people. I hope this boat works out to become yours.
If we can even get it! We have experience but this would definitely be a learning experience. There will be things to figure out and learn, but in sure we can, and where we can’t, we have good friends who can do it or guide us. Stick around!
Outstanding video, I look forward to watching you all grow and prosper. Oh, I almost forgot, You just got a new sub. May the Lord bless your hands and endeavor.
Awhhh thank you!!! Thanks so much for staying with us! May the lord bless you right back! ❤️🙌🏼
Thank you and I pray every night that we get the right boat.
you all have confidence in your abilities and have made a decision that will provide an oportunity to learn and grow more in the marine maintenence industry bravo , i hope to do the same soon with my kids ,i have done it most of my life professionally for marinas and feel it is time to retire my family to cruising ,best of luck to you all
For the dream brother. 👊
Good for you!!!! Go get it! I love hearing this stuff. I truly hope you make it happen.
Good for you!!!! Go get it! I love hearing this stuff. I truly hope you make it happen.
thank you for the kind words of encouragement my children are still quite small and ive been left single with custody so working out the logistics of school and other things has become a chore but im actively in planning phase as i type @@TheSirensLog
It sounds like the deal I would have made, and the kind of project I would have taken on in my twenties. But in my sixties, I know better.
In our 30s we want what we want. I've been practical my whole life. At sometime I just want the thing I want.
Hahah I hear ya! I’d be the same in my 40’s even, and that’s why it’s now or… we just save for two more decades. 😂
Excellent video guys. Really like your overview. Clearly you're both very qualified (more than most out there that are already sailing). Wonderful editing and overview of your journey so far.
I hope the best for you guys on getting this boat. Agree with you 100% that the boat shouldn't go back into the water in the current condition.
Have you considered a Catamaran to purchase. It's all about the room and being comfortable. As you know when living onboard, you spend about 80% of your time @ Anchor or tied to a pier.
It's a beautiful boat, the master cabin is great size. Your offer of $30K, knowing what you know now was a fair offer.
Most of the systems onboard are old and need to be replaced (so if the bank/owner are going on that for additional value l, it's pennies on the dollar)
I would get back to the bank and tell them you're still interested and that you're also actively searching and ready to buy within the next 30 days (have you checked on insurance yet? That's a fun ride.
Love your channel - Best wishes for you guys. Look forward to following your channel.
I'm looking for a Catamaran and will let you know what I see on boats up North.
Travel safe.
I have mentioned a cat, and Siren shut me down instantly. She's barely entertaining the idea of the Marine Trader. She wants a William Garden sailboat, so we're getting a William Garden sailboat. At least a Taiwan build of this Era.
Thanks for the comment!!!
Catamarans are a little out of budget for anything super nice, and I’ll admit, it’s just not really what I want but I could *look*. I do want us both to love whatever we end up with, though. I know I’m the picky one and it’s been my dream for literally decades, (of course so has buying property in Puerto rico and GBU seems to be a few steps ahead of us even though I’ve already been down to see property) but my dream may not be Hals dream. Apparently it kinda is, though, so that’s lucky, but I know there are some things he’d do different. Ultimately, I just want us to meet in the middle and feel good about whatever we buy because it may be our home for many years. If you don’t feel good about the boat, and you don’t love it, you don’t care for it the same. The boat needs to be loved.
We have about $100k to work with at the moment. Can’t put the whole wad into the purchase, obviously, or we don’t have anything left for the shipyard or the work. It’s tough and tight!
We have until spring to find something for us, so we’re not super desperate yet! Hahaha
I will need to find a boat on the West Coast... Best of luck on your search!
Good luck!
I lived in Destin back in the mid 10's. I played guitar at the Hilton and Baytowne Warf. I've seen that boat on Marketplace.
It’s for sale now for $139k
Your heart is sat. No matter what. So good luck. There are endless videos on YT of people drilling, hammering, sanding, painting.... 😢
If you get it you're going in for one hell of a ride if you're going to do her up from the ground up or just patche her up and keep fixing while on the go.
Yeah they didn’t like our offer so we will see what else is out there for a while and circle back to it later.
We have a plan. Our plan is a bit different, but ya. A lot of working on a boat is in our future.
Hey guys just found your channel and I’m interested to follow and see how it goes with your search for a “leaky teaky”. Love these boats and their look good luck we’ll be watching.
Welcome Aboard. Thank you for watching!!!
Thank you!!! So happy to have you here! New video out tomorrow morning. Every Sunday!
Michael dropped a big oak tree on my boat as well. It destroyed a 22 Catalina next to mine but fortunately my 17 proline was laid up strong and it was all damaged that I could repair. The odd part is I’m in Virginia. The center of the storm got small and moved all the way from the gulf just to drop a tree on my boat.
Micheal sucked. Followed directly by shut downs. It sucked.
Ahhhhh dang. I’m sorry to hear that! Yeah Michael ruined a lot of lives and businesses down here. Definitely changed Hal’s life.
Buy a smaller or cheaper boat, and head to Grenada, Trinidad, Guatemala, and Panama, Sea of Cortez /Mexico, and San Andres Columbia, there are boats that aren´t even listed on the market. Due to extensive work, but comes with a bargain pricetag. So if you buy a sailboat around 20-30 grand. its a smalls step to take you to the destinations.
Don´t take loans, if you cant afford it, dont buy it. Be self sustainable.
As Sailing UMA said. "dont buy a coach". No loans, no debts. Thats one key before heading offshore or circumnavigating. If you need to finance a boat, by selling everything you own, then thats necessary to stay out of loans and debts.
We don't want the smaller. We've looked and won't fit with our plans. Thank you for watching. Hope you subscribe and see what we do.
Yeah there are no plans to get a loan! I don’t even own a credit card.
When I hauled out I used a mallet and a couple of wide, shallow fishtailed gouges to scoop out the gel coat blisters almost entirely eliminating the need for grinding and sanding.
That is a good idea.
Noted. Stick around!
I would make another offer, 25,000. You can end up spending 100,000 on this boat without blinking an eye.
I’m working through one of our other brokers so he has to be realistic about what he presents to the bank. It also doesn’t work in my favor that I work for the brokerage dealing with the bank.
@@TheSirensLog Yes, bank examiners don't like that sort of relationship.
In NZ a substantial refit of a vessel this size would set you back 300K in Materials, components, Yard fees, Professional Services etc (even on DIY projects its hard to do it all yourself) that would include the rig but not sails. its likely to be substantially cheaper in the US. One thing about this type of project is that the cost is spread over time and at the end of it you know the boat and its systems back to front.
Pretty much forget about bank owned anything they get more on tax right offs by keeping it. Keep looking lots of boats on and coming on the market especially if you can do the work yourself. Awesome video!
Been looking for a few years.
You'll notice that a boat that's made out of wood has a mast that goes all the way to its keel for leverage since it's the keel and the mast together that create that leverage that go leverage. Wood boats need water otherwise they die.
This is a fiberglass boat.
Yeah it’s a wood and fiberglass deck but it’s not a wood boat.
Salt water is a mild disinfectant and helps preserve wood, fresh water is the devil that will eventually rot wood.
Another great video! Good luck!
Thank you Andy!!!
Thanks Andy!!! Hope you’re doing well!
For the adventurer at sea now renamed for the adventurer at the boatyard!
🤣😂😂🤣 Omg you’re right!!!! Lol
I hate how right you are right now. 🤣🤣
I am alreafy subscribed to too many sailing channels...but ok...one more. Subscribed....Shi is a lovely boat for sure, and can be restored. I never for a minute thought you would not be able to do the work, either. You are correct, it would be a lot of work, but worth doing if the starting price is right....which as a number is something only you would know for yourselves.
The bank knows how to get hold of you...if it is meant to be your boat it will come back to you.
I think you are onto a good thing...if they can prove everything works then it's worth more for sure. Keep looking....
Nice video...well done.
Welcome aboard! Glad to have you! You’re right. We will keep looking and circle back!
There is no such thing as the right boat only the one your on matters I hope you love your experiences on yours
Thanks Bill!!!
I just jumped in here and watched for the first time any of your videos. And I'll be back. But my head exploded! Reminds me of the irwin 42 I bought out of charter years back. I still have nightmares. There's too much to say, so I'll just say good luck!
Hahah You should see the last video where we splashed the Mikelson
Keep shopping and you’ll find something just right. 130 is a bit crazy . In a few years I bet they’ll wish they took the 30 lol. I personally think they are doing you a favor. Happy hunting
Yeaaaah, I know it. We’re happy to do the work! Thanks for being here with us!
Just a wee bit high. lol
"There's no such thing as bad press." ;)
I enjoy watching builds and refits. However, I have never been along for the ride during the initial search . I'm looking forward to it
Thank you. Glad you're here with us.
Nice! Well thanks so much for joining us on the hunt!
Ketch, huh? Good taste - far better than a yawl, especially for a cruising boat.
I taught inland cruising on a 53 foot steel ketch off and on for a couple of summers. Lots of fun - even had a full size bathtub (moored use only) and full size washer and dryer. It also had the quietest genset I have ever seen. Nav aids were RADAR, LORAN and GPS - even had a plotter for track. I am far too old for that any more - it is hard work to teach beginners some things, especially reefing or dropping sails. Yes, it had Lazy Jacks, which simplified at least getting sails down quickly if necessary.
Yeah lazy jacks sure are nice. Better than whatever this system is! Hahaha
raised very sound questions and concerns. This is going to be a good learning curve for me and reassurance as what you are contemplating is on my bucket list
Hahah Thanks Alan! Subscribe and stick around!
It sounds like that beautiful boat deserves you two.
Thank you! We hope that we can get it. I’d love nothing more than to give this one life again.
One thing to consider about older boats. They have what I would call a value ceiling no matter what condition they are in. A 1987 boat refit to new in all respects may sell for that value ceiling, but what it brings will not be anywhere near the cost of the refit. Consider that when looking. A boat like the one you are looking at likely is worth $150K-$175K for a perfect boat.
One thing, there is a huge difference between owning and working on a small open boat and a 50' sailboat. From listening to your earlier video on this boat one thing that struck me was that you don't really know what you don't know about boats like this one. I say that as a person who has owned larger sailboats for 30+ years. Get a survey before making an offer on a boat like this and then get price estimates from yards for the work you can't do yourselves based on the survey. Any offer you make must include contingencies that allow you to back out of the offer if the survey shows major issues you were not aware of.
I assume you have considered where you will keep the boat. It can be hard to find a slip for a 50' boat. Many marinas have wait lists. Don't buy a boat until you have a firm place to keep it because transient costs will kill your budget quickly. You mentioned Panama City. It was hard to find rates there for long term dockage, so I am guessing $1K up per month for a 50' boat.
As far as the Island Trader trawler goes, the big issue is the engine(s). Repowering a 40' trawler is going to cost major money. A friend paid over $40K to replace one engine on his 35' Egg Harbor. Anything over 5,000-6,000 hours on the engine(s) would be a concern to me. If you are looking at a powerboat of that size you need an engine survey in addition to the standard survey.
350k would be the ceiling. Formosa 51s and Hudson Force 50s go for that now. Granted, not many of these boats have sold in the last 20 years because they only made 18. Some have been lost to storms, grounding and disrepair. Seeing as this boat is very similar to the Formosa and Hudson's, I think this is a very fair comparison. You have to think, A new boat this size would be a multi million dollar boat.
Yeah, we have great resources here. We know a lot of people, are good friends with the shipyards, I’m a local broker and know marina owners, etc. That certainly helps, and we know we always have the option to keep it on the hood if push ever came to shove. Florida has no anchorage laws.
The Marine Trader is the trawler version of the island Trader. The Marine Trader we’d be looking at is one I know well it’s actually one of my listings and it’s absolutely gorgeous and it’s in almost completely original interior condition, very well preserved. Had a refit in 2021 so lots of new on the exterior all the way around. The boat has a lot going for it but with a price tag to match, at $150k. The engines are good to go and I have no concerns with them, plus a survey was just done on it and the owner is doing even more work to make her better. That boat is a dream. Honestly, I’m sure we won’t buy it because we do want sail, but it would be great to feature it on the channel.
You’re right about the Mikelson. We’d have to get another survey done but I’m going to give them some time to sit on it a little while longer.
you have to love it!!! lots of work focus on the finish line i like where you are coming from good luck i will follow your journey! have the boat serveyed before buying and then negeotiate cost into purchase price!! good luck!!
Thank you Tom!! I agree. If you don’t love the boat you’re pouring all your money into, corners get cut and you don’t treat it the same. Gotta love it.
We had the survey at the time of filming these episodes, but to make another offer later we’d absolutely have to have our own survey done. Their survey values the boat quite high.
the buyer orders the servey you did the right thing cool!!@@TheSirensLog
You two are doing what I planned to do twenty years ago. But like most plans , life happened.
I’ve seen a few nice live aboards on Yachting World for less than a hundred grand but few of them are in the States. That boat needs way too much work to be worth much more than $30K
In any case best wishes.
They're splashing her to test all the system in a couple days. We will see.
Thank you! If the systems work, it is worth more. I think they’re going to try to get all systems going so they make their money back. We will see how that goes.
Yeah, I know the feeling of life happening as well. I had a long delay in my late twenties through basically this year, and I’m 36. No kids yet, but if we’re going to do this, we have to do it now. It’s time. And I like this boat!
I applaud ur grit. I look forward to viewing ur progress and then ur victory. 🎉 congratulations
We hope. They didn't accept our offer. Now it's a chess game if we don't find a better boat.
ahahah Thank yoU!!! Follow along. That Mikelson is going in the water next week.
Your welcome.
I take it they accepted your revised cheaper bid ?
No, I am a broker for the brokerage that will represent the boat so I have a little access, luckily. The bank is still doing work to the boat, and they want to put it in the water next week. We will see how that goes! I'm glad they're doing some work to at least make it ok to put in the water. Stay tuned! I'll be there for it. @@chuckthomas8176
Another year or two and that boat is worth the cost of a big dumpster and the Sawzall to get it in the dumpster. 30k is generous. Bankers are not sailors. Send them a list of actual known needs with costs and a lists of what ifs. Sails and a repower 40-60k easy... hidden hull problems behind that new bottom paint? Oh well. Good luck!
All reasons to AVOID old boats unless the fool before you already dumped 100k into it and now needs to recoop a tiny portion of his life savings back ,,,,,
@SailProMarina to be fair, a 100k won't even get you a good used Grady White. That's what a brand new Flats Boat cost.
Yeah we’re prepared for all of it! But the cheaper we can get the boat, the better
A Morgan Out Island 42 ketch, if you're thinking about the Bahamas is a good choice. Shallow draft and full keel. Suggestion for a shopping holiday, cruise the ICW looking for boats for sale. Make it two cruises, Norfolk south then Norfolk north. Good luck !...
We have to go through there in the next couple of months.
You’re not wrong. Cool idea!
I know of a 41' Morgan Out Island Ketch , freshwater boat in perfect condition for $35,000.usd.
Word is around the Marina that a boat is a hole in the water that you throw $$ into.
!
To quote the great woody, so is my ex
Hahahahahahahah Oh Woody.
Nice content.....i hope you guys make the desl..........this boat needs you
Thank you!! And we’d love to have it and bring it back. Stick around!!
I come from a family who has a long long association with the water (sea/lakes) and I watch a few channels where people buy boats that need work, the majority of "internet experts" say run, too much work, too much money, it's not perfect blah blah blah, they call some channels all sorts of names on other forums and generally act as if the world is falling apart if the channel buys that boat. I have then seen them change their tune completely and start sucking up when the channel buys the boat and works on it and gets the boat looking real nice. You don't need to justify yourselves to anyone, you buy the boat you want and if it needs work so be it, if the "internet experts" don't like that then tough for them. You obviously have a can do attitude and experience in the nautical world so I'm sure you will succeed.
Thank you so much for this comment, Berty!! Please stick around. With all the crazy comments we get, comments like yours are refreshing and keep us going, honestly. If we didn't hear something positive occasionally, we'd probably just quit UA-cam altogether and keep it all to ourselves. Thanks!!!
@liamsmith-jx6yt
0 seconds ago
Without Prejudice : Please Do!
Your Two Video's on your Negative Comments, making Assumed comments, in some kind of False Yacht purchasing Expertise, which Yacht Experience you lack in bucket loads, amount to some of the most annoying wannabe videos, i have had the displeasure of viewing.
Objectivity is required in a Yacht seller and or, a purchaser.
Just because you were a crew member on a Private or a Charter Yacht, does not make you an owner Qualified to instruct, or, Experienced enough to talk about any Yacht.
If you were a Captain, you would attach your Qualification's. In general, a Yacht short of Crew, The Real Captain will be forced to appoint an assistant, but without Qualifications, you returned to crew member. Without Qualification.
Frankly, after listening to you Prattle on, without a grasp on Fact, over two Videos, which you say are Parts, was Torture to my Ears. Either Learn not to complain, or, find some other job on shore, at something you are Qualified to talk about.
It is Testimony, a yacht broker selling a yacht to herself, which Sinks.
It does not matter the subsequent details, because you were planning to purchase a yacht without Qualifications or Objectivity!
Give your man a rest from your constant Flow of NEGATIVE Comments. The Poor man , you have no control on your Negative comments.
THANKFULLY I have enough Objectivity not to employ negative crew. One Negative unqualified crew member, would infect the Good Crew!
Do you even listen to your own playback on Audio? It is Annoying !
@@liamsmith-jx6yt Geez louise, ain't nobody got time to read that diatribe from a nobody on the internets, you need to get outside more.
lol Thank you
@@MegaDirtyberty
You are by FAR the most negative person we've heard from yet. lol And somehow WE were negative? Forgive us for not putting our CV's in the fricken description, but we don't owe you that. By the way- to your comment about a yacht broker selling a boat to herself which sinks- you'll feel silly to know we moved that boat to the marina a few days ago and it did not sink. In fact, nearly all of the systems worked beautifully. The bank is listing it at $137. So... we were completely real in our video. We can't pay for something without knowing if the systems work. We made an offer based on that. So please take your absurd negativity elsewhere. We don't love it on
our channel just like you don't love it on your boat. @@liamsmith-jx6yt
Ok ok your offer shows me that you guys arent completely crazy. That was a very smart offer. Agreed if you could buy the boat for that range you would be in good shape. I also agree I would rather u guys make a deal before that boat gets wet again. The bank needs to consider just how much time and money it will take to drop that boat in the water and get the systems working only to have to haul it again for the new owner. Good luck......great idea for a youtube channel.
Make no mistake. We are crazy. LOL
Thank you! You’re right. I don’t think there’s any way around them putting it in the water. It scares me but… I guess it’s good for the boat if the systems work! Either we will offer more or someone else will buy it.
Siren and Captain Hal,
This is a beautiful Vintage Motor Sailer. I am a very qualified Welder Mechanic ElectricalContractor a Ham Radio Operator and Pilot.,Pilot. I also have a Small Power boat,which I completely re built. This boat is a Huge amount of work and with the visable amount of water intursion it's a big risk! Looking at the Mast Mount into the bilge, all of the floor boards would need to be removed to see exactly what going on in the Bilge. That would expose all of the wiring and systems which you can not see with it like it is.
A consevative Restoring Estimate would be well over $150,000 dollars,maybe more? I know your both very capable persons to restore this boat but with the time and work to do it,would your investment pay off in the long run? With water damage and rot that is a major concern, but again with the unknown factor of the systems and wiring and mechanical not being able to be tesed thats is a Big Gamble. What you will find in the Bilge is totally Unknown! I would NOT take a project on like this! I wish you the Best in finding a boat which is sea worthy and doesn't have these problems.
I mean 150k buys a good used Grady White. So for 150k and my spare time I get a floating house? Kinda sounds like a deal.
Well, we were fine with the unknowns at $30k but now that they’ve turned that down, they will have to prove systems work before we can offer more, and like you said, it’s still a gamble!
I think you are wise with your offer. I purchased a Beneteau 361 for 1/2 of the ask 10 years ago and sold it for double after 5 years of use, and reasonable maintenance. I purchased another boat with the same ratio to ask in BVI- 4 years ago, and Did a good refit- I think it is a great boat and hope to go down soon and sail. Nice to see you both with sensible dreams! Try and eat heathy non- processed food as much as possible- meat and vegetables, plus lots of fruit! Not worth to overpay, I have worked in aircraft most all of my life, and found that I need to budget 50% more than I calculated on most projects, as we always find additional hidden issues to address!
Thank you for watching. I usually double my estimate just to make sure. lol
Thanks for the comment and for following along!! Yeah, I think if they get the systems going we will re-asses and offer again in January and see what happens. Right now, I like this boat the best.
Hey guys, prices are coming down. I’d wait a little longer and let the cold weather hit. If I was in the market for a sailboat, I’d go to the northeast. They spend half their lives on the hard or indoors. The boat in the south are worn out by the sun every summer. Ask me how I know. I’ve been sick for 3 weeks. 👍👍👍
We have plans to head up there after thanksgiving. We aren't scared to travel to see one.
Daaaaaaang Everyone is sick!! I’ve been sick for well over a month now and it’s literally not even trying to get better.
@@TheSirensLog hey if you been sick for while, maybe you need to try some real good herbal remedies. I was sick for the most part of yrs. after an accident where I drown in a chemical tank. Long story, I got a really good herbal company herbs. In a few days all was gone and I haven’t had a problem since. I do get a head cold sometimes but I clear it up with this companies echinacea and Vitimans C. American owned and operated company
In Utah. Natures sunshine products. I can even send you the phone number.
It been selling herbs for years. In house production and quality control. About the only herbal product that is American made now days. Really dood vitamins and minerals also.
You know your stuff, I think your offer is fair.
We do too. To bad they didn't take it.
We'll be watching the boat! They're going to do a bit more to it and then maybe put it in the water. I'll be there for it! Stay tuned!
Con toda esa experiencia este barco es para ustedes el dia de mañana van a ganar plata con el es un negocio muy bueno saludos desde Argentina
.
Gracias! Si, es verdad. Por seguro. Creo que podemos tener un barco por un negocio, y para nuestro familia en la futura.
You both are likely correct , there is a loan associate who sees the listed value and knows zip about boats, especially wooden ones. Without a complete survey being presented, they won't alter the price down. ( question is , who pays for the survey ) If you can get them to verify systems work, it will be their money doing the survey to prove the justification of there holding to price or dropping it. That there the title is not fully in the name of the bank may complicate things. ( it also may partially explain the holding to $ 130,000 ). Keep an open mind and keep options open. Your search not only keeps your dreams alive but, helps others to keep their's alive. All the best, Hal
Thank you. We are still looking at other options. We're on the road to look at one now. Stay tuned
Thanks for your comment! Yeah it is a complicated situation, for sure.
New subscriber, look forward to new videos.
Please please, stop the background music when you are talking. It's only some of the time but for oldies like me, very annoying.
Otherwise good luck.
I passed it on to my editor. She said she would be careful about it in the future. Thanks for subscribing.
Hey Geoff!! Thank you for subscribing and watching!! Yeah, I sometimes go back and forth in editing about when to put music. It was a looooong video and a lot of talking and I kept thinking I needed some background sound to tie it all together in parts. I’ll be more aware of this in the future and take that into consideration!
Thanks for being here!!!!
lol well good luck to you. sometimes good dreams can turn into a freedy kruger type nightmare and in the case of a friend of mine their dream turned into a texas chainsaw massacre nightmare lol
Yes they can.
Oh boy. Lol
That's wierd the bank 🏦 putting money into it
Usually they just write the asset off
Prolly going off what that servey said, and someone at the bank 🏦 having a personal stake in it
Hope it works out
Yeah I can’t figure it out!
Agree, banks are usually ruthless about disposing of distressed assets, something is a bit off with this situation.
I'm gonna go to SailBirds and drink after this video.
Good Luck!!
Hell yeah! Nearly 3000 subs. Absolutely stoked for u both. This is for hal to make a perspex box for kennel coughs head. Breathing holes optional 🤣🤣.
I'll get right on that, buddy
Ok. I see the giant pink thing now. Thank you woody.
Hahahahhah Thank you Woody!!! Yeah, I’m still hacking. I agree on the breathing holes. 😂 I could be put out of my misery by now!
Anyway, we appreciate you so so much!!! Thank you! This goes into the boat fund. ❤️
@@haltarpley9237 on what?? Frikkin hell I'm a dickhead!! 🤦♂️
Good luck to yall. I think it's gonna take some work. Can't wait to watch yall fix her up.
If we can get it! Stick around!
its a shame, that boat needs you guys, that beauty is doomed eesh bankers
Yeaaah I agree. I want to save her. ❤️
You two are lucky got each other ! The boat going to be unbelievable journey get a second Survey.
Thank you!! We ended up not buying this one and we have an episode after this that shows us sailing it to the marina where it’s now listed for $139k. Hal didn’t feel good about it so we didn’t do it. However, we’ve content the search, and I highly recommend subscribing because we’ve got big news!
@TheSirensLog the right one will come along there's a million of them just be Patient
I wanna see the bankers face when he sees this boat. 130k? Its worth 10-15k. Your time is not free and the parts and materials to bring her back will be staggering. Even if the little stuff works, like the air conditioner and auto pilot, its still about shot.
Yeah sandpaper cost isn’t what we’re worried about. Much more worried about the price of major systems.
I see the beautiful lines. I see the beautiful interior. My boatistic side sees the sails up on a fair day and flying.
Thank you! Stick around! New video tomorrow
I'm 100% with you on the Shannon
Me too!!! Walts a genius
Yeaaah such pretty boats and well thought out.
I love your patience. Most boat buyers are in such a rush to buy…..
I wouldn't call us patient as much as experienced. LOL We want one yesterday.
Well I’ve already spent that last several years looking. We’re in a window of time to do it and the window isn’t open forever. If we are going to hunker down and put time and money into a boat on the hard, we’ve gotta get something quick. But it’s not like we just started. We’re just running out of time.
Thanks for the comment. stick around!
Glad to see you put an offer in, bad to see they laughed at y'all but hey like I said before they can only say No, that was a brillant idea about the contract with the bank contingent to things working, I didn't even think about that! I know this may be a little small but I saw a Morgan 462 on sailboat listings for 10k. It's not a Formosa but it is a full keel boat though. I live out here in California and I'll keep my eyes looking for something in that 50ft range, I would love to have something that size but I'm solo so my Columbia 41 is alright for now! I'll be watching each week to see if y'all found something and hopefully soon I'll become a patron for y'all! Happy hunting
I've mentioned Morgans and she shot it down. LOL . Is there a link to the boat?
I'll see if I can get the link, I know it's a Morgan 462 ketch rig, from what I can see it needs some love, I'll see if I can get the link
I just added the link to the Morgan 462
Thank you so much!!! Happy to have you around! I bet your Columbia is great. Those things are tanks. I almost bought one when I was about 21 years old but a guy had died in it and that smell still haunts me. It was a 30’ and so roomy.
It's good to be here with y'all, I can't wait to see what y'all finally end up buying! Yeah the smell of death never completely goes away maybe in time but not for a long time! I'll keep my eyes open for y'all out here in California
Just started watching your channel today. Love that I set here to the end. ❤. John T
We appreciate it. New episode comes out tomorrow. Feel free to watch previous episodes.
Awhhh thank you John!!! We’re so happy to have you. Subscribe and stay with us!
I think it’s fantastic y’all. Really like that one but I hope ya find the perfect fit for you 😊🔥👍👍
We do too
Thank you!!! Yeah this isn’t actually a terrible boat. We will see what happens.
Yes, you can get addicted to boats. Work hard for a couple of years, safe all your money, buy your tools for a restoration and after saving a 100.000 dollar come back. Never ever borrow money for a boat. Being independent from banks gives another dimension to life
Ya. Screw loans. I don't even use credit cards.
Yep! But if we don’t buy now, we will be out of time. The time is now!
Thanks for the video. You said the boat has been there for 18 months.
If you don't mind saying, what does that cost the bank per month storage?
I’m not sure exactly what they’re paying but I’m sure it’s well over $1k per month. They’re doing more work to it now.
Everything happens for a reason. Best of luck!
It does
We’re keeping our eye on it though