Breaking Free Sailing

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@johnwright6728 12 күн бұрын

Sold your house? My thought is to buy the boat with a home equity loan and rent the house out to cover the note. I should be cash flow positive. What am I missing?

@jetguy1205 Ай бұрын

Did you ever make a review of sunsail?

@rbm7101 Ай бұрын

According to IRC section 163(h) (4), a boat will be considered a qualified residence if it is one of the two residences chosen by the taxpayer for purposes of deductibility in the tax year. A qualified residence must have basic living accommodations including sleeping space (berth), a toilet (head), and cooking facilities (galley). If the boat is also chartered, the taxpayer will have to use the boat for personal purposes for either more than 14 days or 10% of the number of days during the year the boat was actually rented, to qualify for the interest deduction in accordance with IRC section 280A(d)(1).

@jaapBooij-rz1id Ай бұрын

Yes , a lot of money if a ship has these issues , everything can be solved and a lot of these issues are due to failed maintenance, design , general quality. But to repair it takes time and again money. In a boat market ,as it is now, with falling prices a difficult decision .

@svthorasailing4868 2 ай бұрын

$282 US is still a high price for a 2005 year model cat.

@jnwood8611 21 күн бұрын

With the amount of "customization" that the previous owners did, this was a $250,000 cat at best. I would have bought a much better mono, 10 years younger.

@JohnLee-im7iu 2 ай бұрын

Thank you for the honest review. Would like to know about insurance costs, coverages and company that insured the boat.

@Mordalo 3 ай бұрын

Talk about biased. The 450 is the only one with the hull issue and leopard has even more issues. In fact, they all have their histories. And comparing a plastic/glass interior to wood of any kind and expecting the wood to wear better than the glass, is just ridiculous. Wood requires more care, no doubt. Then again, an all plastic/glass interior feels like a hospital or prison cell.

@bastianhanschitz2839 3 ай бұрын

I'd be careful with adjusting bearing in bulk. You took +3 for all values, shouldn't each be corrected individually? A Mnemonic I use is "Empty Sea, Add Water" to remember: "Map to Compass, add West", "eM T C, A W"

@BFSailing 3 ай бұрын

Hi, Bastian! Thanks for the comment! I actually think you can correct them in bulk. Let me try to explain why. When the boat is on course 028°psc, you take the bearing on the reference object by sighting across your boat's compass. Compass error is specific to the direction the boat is pointed at the time you take the readings. So, if your autopilot is on and it's steering the same course when you take your bearings for all the fixes then you should use exactly the same deviation when correcting all of the bearings. However, if you chose to turn the boat away from 028°psc and point the boat at the first reference object before you recorded the bearing and then point the boat at the second reference object and same on the third then your concern is spot on! You would need to use the deviation prescribed for each individual direction. However, I don't think this is what the test questions want. If you did the "turn the boat" approach then the 028°psc would not be relevant to the question. You would be calculating all of the individual deviations after you turned your boat. Another way your concern would be correct is if you were using a hand held compass to sight your bearings. Of course, if you did that, you would need to have a deviation study done using your hand held compass while on your boat and, again, the course of the boat would be irrelevant. So, I don't think that's what they had in mind either. I appreciate you caution, however, and as I say at the end of the video, I encourage you to get out your chart and do your own practice problems to determine if the method would work for you.

@bastianhanschitz2839 3 ай бұрын

@@BFSailing Thanks for the reply! My assumption was to use a handheld compass, but it is also completely theoretical as I use navigation in airplanes and not on the water and there a deviation within about 5 degrees is mostly disregarded anyway. If you can steer within 5 degrees, that's ok and 2 degrees of deviation are mostly academic.

@BFSailing 3 ай бұрын

@@bastianhanschitz2839 I'm no longer current but I have a private pilots license, too. I used to fly Cessnas and Archers. Just like in flying, the compass work is obsolete. You're only ever going to use it if you have a total system failure. Most boats on the water have no idea what their compass error is anyway. You just need to know it to pass the test.

@bastianhanschitz2839 3 ай бұрын

@@BFSailing Same in aviation. Cool! I am a full time flight instructor and chief flight instructor training mostly future airline pilots in Germany. In Europe, the system works reversed from the US. You train for the airlines as a pedestrian, get a job at 250hrs and then at some point give back to the community by training the next generation. Most do it freelance while flying, I quit the hamster wheel when my gig went belly up in 2017. Flew 10k hours on A320 and A330.

@comesatime123 3 ай бұрын

Did your inspector and sea trial catch any of these issues/modifications?

@BFSailing 3 ай бұрын

Yes. He did a very good job and caught a lot of them. They never catch them all.

@billyehh 3 ай бұрын

I have been sailing a 2001 Voyage 380 in the Eastern Caribbean for the last 17 years where there are lots of catamarans. It seems to me that after the 2008 financial crisis, the quality of the big 3 production cats took a big hit. Even more so is the maintenance at the charter companies. I am based in St. Lucia and am appalled at the condition of boats coming out of charter. Most of the work including fiberglass is done at the dock. Buyer beware and have a good surveyor.

@BFSailing 3 ай бұрын

Billy, thanks for the comment! We love the Voyages. We think they are great, rugged boats. Congratulations on yours! The Voyages we toured were in Sopers Hole in the BVI. There is a Voyage Yacht Chartesr base there that does only Voyage Cats. They were ALL in fabulous condition even after being in bareboat charter service for over a decade. I agree with the points you make and I do think that some of our observations could be related to the maintenance programs of the charter companies but we were comparing 13 year old Voyage bareboat against 4 year old Lagoon bare boats managed by Sun Sail in Tortolla. The Voyages certainly looked older and they were more utilitarian but the condition of the surfaces and equipment on board seemed to be in much better shape than the Lagoons. It's possible that maintenance contributed to a lot of this but our gut told us that, even with good maintenance, the Voyages were in remarkable condition after 13 years of charter services. That can't be all maintenance differences, can it be?

@Steve-qn8gn 3 ай бұрын

I don’t understand, you offered 290k and they accepted, then you went back with an even lower offer?

@BFSailing 3 ай бұрын

After the survey, yes. We uncovered some problems with the AirCon on some other things not represented in the listing so there was room to ask for a further adjustment.

@user-bl4hb1bq9t 3 ай бұрын

Don't worry, carry a pistol!

@PA96704 4 ай бұрын

I have 120k for a Cat and get $1500 a month residual income. Do you think I can afford it? Should I look at something around 80k or spend the whole 120k? I lived on a mono and retired Coast Guard so I can do fiberglass, electrical, and mechanical. I am looking at everything under 40' like a PDQ, Dean, Gemini, Fountaine, Admiral, Edel.. Every one that standing rigging and running rigging has been done are around $150k. I want to go around Asia and surf so shallow draft is key for me. Let me what route should I take. Mahalo,

@BFSailing 3 ай бұрын

Thank you for the comment! I don't know if I can answer for you. It depends upon so many things and many of things are things about YOU and how you want to use the boat, where you want to keep the boat, how handy you are with fixing things, and what your tolerance for things not being perfect on the boat are. I can say this, if you have a high tolerance for things not being ideal about your boat AND you plan on keeping the boat on the move and out of marinas and expensive environments then you can keep relatively little cash in reserve. The boat needs solid standing and running rigging, a solid main sail and head sail, and it needs to keep water out reliably. If you have those things, you can sail the world on any budget. It's just a question of how fast you'll go and what level of comfort you will live in. People will debate all day long about what must be done to a boat and what you should have on your boat before you set out on your adventure. You won't get that advice from me because the only person that knows what you really need is you. Don't let cautionary tales from others scare you off from breaking free. Good luck!

@gregharding7329 4 ай бұрын

Breaking free, I have not heard so much excretement and lagoon bagging for so long. So you had a "FEELING" that Lagoon was not the boat for you. Wow such factual detail. The boat you were on was a charter boat, you said yourself many of the issues were ones of maintenance, Fory crying out loud, many many charter companies are renowned for failure to maintain their fleet. In regard to water ingress, you are only guessing how this may have occurred. Once again they are a charter boat, no one, particularly the charterer's care if water gets in the boat - why - because its not theirs. Agree that I would not have a 4 head boat,it is not needed but they can be converted to storage and laundries. Finally if you are going to make these types of videos here's something you may want to consider, facts. I have owned two Lagoons, both were not perfect but I would go back to one in a heartbeat and have sailed many of thousands of miles in them in all conditions.

@BFSailing 3 ай бұрын

Greg, thanks for you comment, even if you might not agree with our preferences. I even agreed with your observations about the nature of charter vessels until we got on some Voyage charter vessels that had been in bare boat service for over a decade and they did not have the wear and tear that our chartered 4 year old Lagoons had. They Voyages definitely looked older because they were 13 years old and chartered their whole life....but they were still in better condition then the Lagoons. How would you explain that? Do people that bareboat charter Voyage yachts feel compelled to take better care of the boat they don't own than the people who charter Lagoons?? I am glad you like your Lagoon and you are sailing. I hope you are enjoying the water, I truly do. They are not for us. We would choose a Voyage and would have if there was one we could afford on the market when we purchased.

@ksmith8360 4 ай бұрын

I love my people, but I wouldn't go there and I grew up in San Juan. But if you decide to go, Remember... play stupid games you'll get stupid prizes. If cops don't go there, and locals don't go there... why would you? There are a million beautiful things to explore in PR. I would suggest you go to those instead.

@BFSailing 4 ай бұрын

Thanks for the comment! If we knew before hand we probably would not have gone. However, it was a good experience to have and we certainly saw some beauty in the community. We're glad we went. We won't go back.

@clintontaylor8904 6 ай бұрын

I keep a slip at blackhawk boatyard in bayfield for my 26ft sailboat. Best sailing grounds in the country and love hiking the islands

@BFSailing 4 ай бұрын

It was certainly worth our trip up. Thanks for the comment!