12. Boat Shares – boat shares are different than boat clubs, which give you the right to use a boat in a club’s boat fleet. With boat shares you actually own a percentage of a particular boat.
You have the right to use it for a particular time slot during the busy season, and might get use of the boat for extra time in the off season months if no one else is using it. The boat is typically held in an LLC, and you own a percentage of that LLC. When the boat is eventually sold, you receive proceeds from the sale.
The investment play is buying a resale boat share from someone who needs to get out or has no use for the boat, and does not want to wait until the boat is sold to recover some of his investment.
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