A boat can be an investment if you know what you're doing and you can buy a boat below market value.
Example: You buy a boat below market value because the boat needs some repairs and the owner does not want to repair the boat. He sells you the boat below market value, you repair it, and you flip it.
The majority of the time... boats are a money pit and a bad investments because you're throwing money away.
Example: You buy a boat below market value because the boat needs some repairs and the owner does not want to repair the boat. He sells you the boat below market value, you repair it, and you flip it.
The majority of the time... boats are a money pit and a bad investments because you're throwing money away.
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