Looking for advise for purchasing a boat for STR
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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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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