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We all know how eager banks are to finance boats of all sizes. Indeed most boat owners would make their boat payments prior to any other obligations.
However, boats by and large deteriorate, lose their value over time and can be absent without leave.
There are more and more big boats and less and less big boat slips - which makes those that are available rather valuable.
So valuable in fact that they are appreciating at around 25 % per year.
Since the average boat owner who wishes to buy a slip, rather than rent one, is invariably a high net worth individual and smart enough to realize the increasing value of this scarce form of waterfront real estate, he/she would also expect to use that asset as collateral for the purchase, just as in any other real estate transaction.
Scarcity too is putting an upwards pressure on the rental market and those who do not own their slips, are obliged to pay the ever steeper rates demanded by Marinas worldwide.
Own your boat slip and benefit from the appreciation in asset value and a solid cash flow.
In the event that your bank is unfamiliar with this market, we would be pleased to explain the inherent value of this form of investment.
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