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Updated over 4 years ago on . Most recent reply

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Romina Grecu
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Looking for advise for purchasing a boat for STR

Romina Grecu
Posted

I live in Fort Lauderdale FL and I want to buy a used boat and turn into a STR. I know nothing about boats . I am hopping that boat STR will give me a better cash flow ( considering that I would not have a mortgage ) then a conventional property and my expenses can be less also. I do have 50k to spend and I hope that would be enough for purchasing a decent boat for my business adventure. I am quite nervous, but this is a NEW YEAR that calls for some massive action!:)

I truly appreciate any advice I can get on PRO VS CONS for boats STR and also if anyone can recommend any sites / sources where I could find good used boats .

Thank you so much.

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Michael Haas
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
2,640
Votes |
706
Posts
Michael Haas
#1 Real Estate Deal Analysis & Advice Contributor
  • Real Estate Agent
  • 🌧️ Seattle Investor & OG HouseHacker | 🤑 Helped 90 Clients HouseHack | 🏘️ Own 17 Rentals & 5 Airbnbs | 🏗️ Built 5 DADU's
Replied

Local laws should be the most important part of your calculations @Romina Grecu. Here in Seattle, Floating Homes have been a part of Seattle Culture (Sleepless in Seattle and many more films feature them!) but they have NOT been legal short term rentals since 2018.

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