was this a good buy, and what should I spend on it?

[mountainmariner]

Hey all,
I have posted these pics before, but didn't get much info, probably because I didn't ask properly!
I bought this for $800, did I do ok? I am trying to figure out what to restore on it, and to what extent, so I don't lose money on resale. I really bought this to make a quick buck, and then buy another and do the same.
Any thoughts?
Thanks!
Jim.

http://s649.photobucket.com/albums/uu216/mace1530/boat/?action=view&current=edab2d66.pbw

 

[WizeOne]

Re: was this a good buy, and what should I spend on it?

Boat looks pretty nice for $800.00. That patch on the floor looks suspicious. It could have meant that there was a rot problem. If so, you could be in for a floor and stringer job. You need to check out the transom for any rot as well.

Also you should check out the mechanicals. Pull the outdrive, check the ujoints, gimbal bearing and the alignment. Check the OD lubricant for any water contamination, hook it up to the MM ears and run it.

IMHO it is pretty hard to do much work on these boats and make any money on them.

 

[Fingernip]

Re: was this a good buy, and what should I spend on it?

Looks good! If that motor is in decent shape alone you got a good deal. I guess just go through the normal routine.... check for soft spots and keep an eye out for patchwork done by any previous owners.

 

[mountainmariner]

Re: was this a good buy, and what should I spend on it?

sorry, here's a little more info...
chevy 350, runs great! no smoke, etc.. . .
new gas tank(that's why the carpet is pulled up there)
1 soft spot on the starboard side, 1'x1' to be replaced.
all else seems well.

 

[tashasdaddy]

Re: was this a good buy, and what should I spend on it?

you did well, watch what you spend if your intentions are to turn it over. i hate carpet, but would recarpet and sell it. this is a bad time to be flipping boats. i know, i'm a flipper.

 

[jonesg]

Re: was this a good buy, and what should I spend on it?

Looks like the floor under the driver side console sags,
the top edge of the windshield doesn't line up.
A quick fix, spit and polish and then sell it.

 

[matt9923]

Re: was this a good buy, and what should I spend on it?

Looks great for $800. I would have taken it in a blink on an eye. New carpet, outer hull polish and check the floor and transom for soft spots. Tap with rubber malet and see if it sounds like soild wood. If you know how to i would put new fabric over those seats, old ugly color to me. Not that bad though, some clean up and you should get 1500-2000. Maby more bad market for anything. I had a good run with fliping mopeds over the sumer but even that slowed down i was getting up to $1000 for mopeds i put a few 100 into.
Matt

 

[Mark42]

Re: was this a good buy, and what should I spend on it?

From a buyers perspective, the upholstery looks faded and dry. Detracts from the overall appeal of the boat. Try something like Armor All cleaner and treatment for the vinyl and see if some life comes back.

I think its really neat, has that 70's diner look to the upholstery work. Rather unique and a big part of the appeal, so the better it looks, the more the perceived value will be.

 

[mountainmariner]

Re: was this a good buy, and what should I spend on it?

Thanks for all the help, it does have the 70's look. Any ideas where I can put a disco ball? Ha ha,lol.
I'm thinking vinyl paint. I have had a lot of luck using that on seats, and interior parts. Should run about $70 total for interior paint/dye, $100 in floor repair, and $70 for carpet. The trailer needs painted, and a few pinstripes here and there wouldn't hurt. . .
I'm thinking I'll have $1500 total invested, so will plan on $2000
and hope to have some fun with it before I sell it.
Any ideas where to get cheap carpet in Columbus Ohio???
...tashasdaddy.. thanks for the response especially, I have posted a few times in the past week, and you have replied to all of them, thanks for looking out for us "greenhorns"! you too mark42

 

[Robj]

Re: was this a good buy, and what should I spend on it?

Good Luck. It is not that easy to make $$ on old boats, especially if there is any rott. Just wondering if you would make more by parting it out. Maybe someone else can comment.

Have a great day,

Rob.

 

[mountainmariner]

Re: was this a good buy, and what should I spend on it?

I hear You there. My only "advantage" is that it gives my Father and I something to "tinker" with, and a reason to escape the girlfriend for a while!
..for some reason, she doesn't like my new 20' Girlfriend. lol!
I own a small repair business, so on my days I don't have work(which may increase now that I have a new toy!) Me and Captain Pappy will work on this, and our other boat together. Memories, right?
Quotealmost)..:it's not living forever Jackie. .. it's living with Yourself forever. . .
--- Keith Richards to Johnny Depp(Father to Son), Pirates of the Caribbean. . .

 

[matt9923]

Re: was this a good buy, and what should I spend on it?

That's dangerous, if you take it out for some fun you wont want to sell it! Happens to me all the time that's why my barn is packed with toys
Matt

 

[Benny1963]

Re: was this a good buy, and what should I spend on it?

clean put some carpet down center and resale around here it would fetch 1500 or better,we boat all year, i could be parted out and money made
just the alpha 1s make good money round here 500$