Jump to content

Welcome to TheMalibuCrew!

As a guest, you are welcome to poke around and view the majority of the content that we have to offer, but in order to post, search, contact members, and get full use out of the website you will need to Register for an Account. It's free and it's easy, so don't hesitate to join the TheMalibuCrew Family today!

  • Recent Posts

    • One crucial point of info thats missing, is the tenth if a volt thats to the right of the decimal. Why is this so important? Because 12.0V is a 75% depleted battery and 12.8V is 100%. 

    • I have seen these work but only when one member of the partnership acted as the Owner (and maintainer) and the other partner acted more like a passive investor and occasional user.  that can work but it's got to be the right blend of personalities and styles. 

      I would put a clause in the contract that allows a partner to sell their share to the other partner at X% discount under FMV of the underlying asset in the case of unilateral termination of the contract.   You shouldn't have to take a bath just because the other guy is willing to if the market dips and he all of a sudden wants out of the investment.  screw that entirely.  

    • I did this three years ago with a really good friend.  10 months later he wanted out and now I own the boat.  Be prepared.

    • Got it - thanks for the help!

    • I don't know if there is any way to talk you out of it, but there is now way I would do a "partnership" on a boat.

      There is a reason this type of thing is know for ruining friendships and putting people in desperate financial positions. You will almost certainly be the rule, not the exception, and I hate to see that happen to anyone.

       

  • Member Statistics

    41,798
    Total Members
    8,865
    Most Online
    TommyBoy
    Newest Member
    TommyBoy
    Joined
×
×
  • Create New...