We Bought A Sportfishing Yacht...And Then The Expenses Came!

Have you ever wondered what types of expenses (surprise and expected) you'll have with the purchase of a new sportfishing boat? Well, we've now been on that journey over the past few months and we've already learned quite a few lessons with respect to all the difference costs one should expect, such as:
-cosmetic repairs
-engine maintenance and repairs
-new and upgraded equipment
-general boat ownership fees (like slip rental)
-and more
But even with all the surprises, the journey has already been a blast, and we wouldn't change it for the world.
Please like and subscribe to the channel, as your support matters.
Also, find us on Facebook, Speechless Sportfishing, here:
/ speechlesssportfishing

[@williamwebberjr8045]

Thanks for the guidance

[@codybenton1869]

A boat like that is the boat of my dreams. Y’all are some pretty stand up guys. I’m from Eastern NC and I’ve never been in a sport yacht. I would love to come fish with you guys sometime! Best of luck fellas! Fish onnn! 🎣 👍🏻

[@Darth1182]

ENC. Best region on the planet

[@darrella5057]

Blackwell boat unbelievable ride..

[@saltwaterfishinguniversity]

We agree bud!

[@derekprillaman8194]

Thanks for the video guys, I have been watching all of your videos and am a big fan. I live in NC so looking forward to having ya'll here. Pirate's Cove is such a great place to be. Best of luck in the future and cannot wait to see where this venture takes ya'll!

[@saltwaterfishinguniversity]

Well dang Derek, you've made our day. Tell you what-- maybe you can go out with us one Saturday this summer when we have an extra seat, sound good to you?

[@derekprillaman8194]

@@saltwaterfishinguniversity That sounds great I would love that!

[@saltwaterfishinguniversity]

@@derekprillaman8194 shoot me your contact info sometime to [e-mail]

[@rukd8746]

So glad I found y’all’s channel. Absolute dream of a boat. Would love to check out the boat when y’all travel to Morehead City! Blackwells are truly works of art!

[@saltwaterfishinguniversity]

Appreciate that! Let's make it happen!!

[@jb4611]

Good work guys! 👏

[@saltwaterfishinguniversity]

Thanks JB!

[@blewcrew7436]

first view possible lol keep up the great work Gents! love the content

[@saltwaterfishinguniversity]

We appreciate the support!!

[@notimebusy8384]

Yea boys love it...subscribed

[@saltwaterfishinguniversity]

Appreciate it!

[@JS-sx3bl]

Nice honesty boys. I’m surprised you don’t have a hundred thousand subscribers already with quality of your production. Well I hope your Return on Investment comes this year with a great charter year. Cheers J.

[@saltwaterfishinguniversity]

Appreciate that J, very much. The channel is very, very young, but what you're describing is my goal for sure. We feel if we keep putting quality content out there, on a consistent basis, KZbin will eventually say, "Hey, I need to suggest these videos a lot more!" 😀 We shall see. Happy fishing to you J and tight lines!

[@MovieMuscle]

Beautiful lines.

[@saltwaterfishinguniversity]

Appreciate that!

[@OttoTheWeim]

What about costs like: Navigation updates/ subscriptions Generator fuel/dock electric costs Life raft recertification Running gear zincs Boat washing/wax on the hard Cost per day on the hard Just to name a few.

[@markwiebner7806]

Speechless has beautiful lines.

[@saltwaterfishinguniversity]

Thanks Mark!

[@Danjan1208]

Holes in the ocean you throw money into lol. Good video; just stumbled on your channel and the content is great.

[@saltwaterfishinguniversity]

Really appreciate that Ron, tight lines!

[@jerimahjohnson8698]

Pretty boat guy...I throw lots of money at my deer farms in the Midwest and it's 100 percent work. I'm moving to the OB and gonna chill I hope soon.

[@saltwaterfishinguniversity]

Hope you come see us when you get to the OBX Jerimah.

[@rodneyallen6038]

I look forward to meeting you all down here. Thanks for the videos.

[@saltwaterfishinguniversity]

Appreciate that Rodney!! Weeks away!!

[@rodneyallen6038]

Good deal

[@rodneyallen6038]

I would love to get your # thanks

[@saltwaterfishinguniversity]

@@rodneyallen6038 email me at [e-mail]

[@rodneyallen6038]

@@saltwaterfishinguniversity 👍🏻

[@zacharypeters1981]

This is great lol I was just thinking of a 34 topaz and now my wife said are you nuts. And I said yes why. You married crazy

[@cardio10101]

Time for more boats and partners.

[@austinhayden5305]

Very nice boat fellas! Was just riding by the marina this past weekend and didn’t see the boat, I’m assuming your down in outer banks fishing for the season?

[@saltwaterfishinguniversity]

Appreciate that Austin! Yes, boat will be in OBX for foreseeable future. Hope you make it down!

[@wchdb4476]

I bet it cost more than $3500 to paint the bottom of the boat with haul out. Bottom paint 40' boat out west would be $6000 min for prepping and 2 coats.

[@Gardis72]

Really enjoyed your video. We grew up on Long Island Sound here in CT, and had boats, did a lot of blue fishing. I'm familiar with the amount of work that goes into a boat's maintenance. I'm wondering, when you purchased the Speechless, were you aware that you were about to drop another $57K on it, and did you adjust your offer price accordingly? Do you guys run charters out of :VA or NC? Pirate's Cove is in NC, isn't it? Regards, Gardis - CT

[@saltwaterfishinguniversity]

Hey Gardis72, thanks for asking. We didn't expect to do the aftercoolers as quickly as we did, but simply chose safety over stretching the lifetime of the units...but as far as buying it, we did not deduct those expenses. This is partly due to the fact the boat wasn't officially for sale when we bought it, thus giving the seller more leverage.

[@Firewoodmaninvirgina]

You got to have piece of mind if you are out there on the water. I would like to do a trip this October I will be back down to my house.

[@saltwaterfishinguniversity]

Would love to have you out Curtis!

[@Firewoodmaninvirgina]

@@saltwaterfishinguniversity how is best way to connect y’all?

[@saltwaterfishinguniversity]

@@Firewoodmaninvirgina just email us at [e-mail]

[@outlaw565]

Then there is boat insurance, and fuel.

[@williamavery9185]

With all those expenses ill have to remortgage my house to have a days fishing with you.Think ill look up a Quint type.

[@zacharypeters1981]

I wish I knew what everyone does professionally to afford these costs

[@cantbuyrespect]

The first expense...the floor fix cost more than I have into my bass tracker pt175 that I restored. I dont have the money but even if I did I dont think I have the heart to buy one. The way they said $2500 wasn't that bad would still make me cringe if I was a millionaire. Guess I am just too frugal lol.

[@flemingmattox2128]

I wish everything you said was bs, but it is totally TRUE. Bought my boat a two years ago and everything is spot on. The engines, the deck/fiberglass, toilet, navionics, life vests/raft, boat slip, annual haul out-- all true. You didn't even get into insurance, or holy cow, rods and reels/lures and what not tackle. All said, when you charter a boat, all this is included, not to mention the skill of the captain who is putting you on fish. Take care of these guys and their mates and they will take care of you, whatever the price, you are getting a great deal. But if you don't like to charter, by all means--buy your own boat!

[@saltwaterfishinguniversity]

Great thoughts Fleming, tight lines!

[@VernBigDaddy]

The Expenses will leave you SPEECHLESS.

[@dallasstang2818]

You gotta change the oil every 200hrs? Damn. What’s that like 4-5000 miles? Yeah I guess that’s right. I’m thinking long distance driving

[@saltwaterfishinguniversity]

Yep, gets up there quick!

[@jpmc271]

How many years do you expect to run before breaking even and or profiting, assuming you're financing the boat? Will you be earning more than your outlays within 3 years?

[@saltwaterfishinguniversity]

Honestly, we expect to take a huge loss in 2022, hopefully break even in 2023, then turn our first profit in 2024...the success of the channel, frankly speaking, will dictate much of this.

[@jpmc271]

@@saltwaterfishinguniversity Cool, that's faster than I would have anticipated! If you can consistently, comfortably, and safely put people on some fish, and continue to make quality content, you should do well! Best of luck!

[@saltwaterfishinguniversity]

Really appreciate that! Hope to see you around!

[@scaifefab4585]

B O A T Brake out another thousand

[@saltwaterfishinguniversity]

This is true!😄

[@michaelantony3818]

Not a first or a millionth...welcome to boating

[@saltwaterfishinguniversity]

Indeed Michael, tight lines!

[@michaelantony3818]

@@saltwaterfishinguniversity thanks I sincerely hope the best for you..ive been right in your shoes..mine is a size 12..🤣😎 so I know the PAIN!!

[@saltwaterfishinguniversity]

@@michaelantony3818 LOL!

[@theislandsc]

Thoes Yanmar 6CX Intercoolers are a terrible design. The steel end caps just rot. That’s why they put 500 zincs on this motor. Injection pump is another poor design.

[@saltwaterfishinguniversity]

Yep, our mechanic stated similar. 👍

[@waywardspirit7898]

Come on. I did the lettering on my boat for $100.

[@saltwaterfishinguniversity]

Happy for you. Ours was not $100.

[@fejaber1]

Well it's like the old cliché "A boat is a hole in the water where you trow your money"

[@saltwaterfishinguniversity]

Very true Felix!

[@Pilotc180]

Nice little fishing boat; ill measure my pond to see it it fits before I make an offer

[@saltwaterfishinguniversity]

LOL, that would make a good video Murry!

[@tomallen2351]

Rich man toy for rich people. Boat is just a hole in the water that you pour money in to.

[@saltwaterfishinguniversity]

Sure, it's expensive Tom. But I've also made memories of a lifetime with my son on a boat, something can't you can't put a price tag on. Every person is different when it comes to boats, and I understand they aren't for everyone.

[@warlordop713]

I did my own lettering for $60. 😂 Y’all screwed yourselves. Why would you hire someone to do something so simple? Was your goal to spend as much money as possible?

[@saltwaterfishinguniversity]

Glad you saved the money. That’s great 👍