Sinking Profits? Sell Old Boats for a Little Extra Income!
Unless you live under a rock, I'm sure you've heard of house flipping. You buy an old house, fix it up, and sell it for a profit. Sounds easy, right? A lot of people have made a killing doing it.
Well how about boat flipping? No, not putting a boat in water and capsizing it. Get an old boat, fix it up, and sell it for a profit.
Within this lens you will find some tips on how to flip a boat...
Boat Selection...
Step one: Select your boat
The Reel Reason...
Once you have found a boat that you would like to re-sell, check it out.1. How is the motor?
2. How is the hull?
3. How much is it going to take for you to put this boat back on the water?
4. Will this boat make a profit if you flip it?
Once you have found the right boat, the object is to buy low and sell high. Look the boat over and point out all of its flaws.
If the hull needs repair, note it. If the seats need replacing, mention it. If there are miscellaneous little details that need attending to, say it.
When you've picked the visual aspects apart, then run it.
1. Does the motor start?
2. Is the water pump pumping water?
3. Is there sputter?
4. Are there any leaks?
5. Is the motor missing or running smoothly?
Remember the biggest investment in a boat is the motor.
Open up the cowling and look that motor over completely. You can tell a lot by doing this.
1. Is the motor clean?
2. Do moving parts move freely?
3. Do gears work smoothly?
4. How does the lower unit look?
5. Is the prop intact?
6. Does the prop wobble when you spin it?
7. Is there any hesitation, when gears are shifted, coming from the prop?
The next issue is the legal stuff. How's the boat's paperwork?
1. Is the boat motor, hull, and trailer (if it has one), free and clear?
2. Are you going to have to do any leg work to get the papers in order?
3. Are there any liens against the title?
You have thoroughly looked this boat over and think that all repairs needed could be done reasonably, then make an offer! Take into consideration everything you are going to have to do to make this boat saleable. Then take a couple of hundred off of that. Low-ball the owner. They may counter, but they may not.
When you've made your deal, take that boat home and get to work! Do any repairs, clean-up, and detail work that needs to be done.
When the boat is ready, take lots of good pictures of it.
The Motor:

With the cowling and without it. Prospective buyers want to see details. Since the motor is the most expensive thing on a boat, make those pictures count.


Give them shots of any special details, like storage.

Also be sure to include pictures of the whole boat from different angles.



Last, but not least, include a video if at all possible. A major selling point of a boat is to see it in action, sample video.
When you are writing up your listing take care to include the size of the boat, the capacity, the style, type, and manufacturer. When it comes to the motor include the brand, horsepower, carburetor details, and any engine specifics you have.
You want to sell your boat for a profit. Get the most out of it you can by including benefits of owning a boat like yours.
For the Love of Boats...
Boat Repairs?
The Fiberglass Boat Repair Manual
Amazon Price: $19.77 (as of 10/07/2008)
Boatowner's Mechanical & Electrical Manual: How to Maintain, Repair, and Improve Your Boat's Essential Systems
Amazon Price: (as of 10/07/2008)
Powerboat Care and Repair : How to Keep Your Outboard, Sterndrive, or Gas-Inboard Boat Alive and Well
Amazon Price: $13.56 (as of 10/07/2008)
Boat Repair Manual
Amazon Price: (as of 10/07/2008)
Modern Boat Maintenance: The Complete Fiberglass Boat Manual
Amazon Price: $18.15 (as of 10/07/2008)
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| WritingforYourWealth
Sounds like a great hobby for the fisher/handy man (or woman) :) Posted August 14, 2008 |
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Eclectic_Muse
Ryan, we've almost done that a couple of times! Posted June 23, 2008 |
| RyanRE
I know a faster way to flip a boat... Wait for a big wave and take it over the side. LOL... Sorry I couldn't resist. Great lens ***** to ya! Posted June 19, 2008 |
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MiaBellezza
Great lens and great title! - 5 stars. Posted June 17, 2008 |
|
monopoly
Great lens - 5 stars! Best boat quote I've seen - a boat is a hole in the water into which you shovel money! The idea of fixing boats up and flipping them never even occurred to me! For videos about boats and boating, check out HouseOfBoats.com Posted June 15, 2008 |








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