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Can you split ownership of a boat?

With fractional ownership, you legally own an asset, and you can choose to sell it or transfer that ownership if you would like. The portion of the vessel depends on you and the company. Some people own about 10% of the ship, while others have 50% ownership.

What paperwork is needed to sell a boat as is in Michigan?

If the watercraft is titled, a properly assigned title must be used to transfer ownership at a Secretary of State office. If the watercraft is not titled, you will need to complete the back of your watercraft registration and visit a Secretary of State office with the buyer to transfer ownership.

Can a boat be an investment property?

A boat can be a great investment, perhaps not in the tangible way real estate or a mutual fund can increase in value, but certainly in a non-material way. Owning a boat is about the pursuit of pleasure or adventure, of bonding with family and friends, of a passion for freedom that many people find only on the water.

How does a boat share work?

How does boat share work? You purchase equity in a boat and pay a monthly fee for maintenance expenses and running costs (excluding fuel on certain boats). Your 10% ownership in the boat entitles you to a minimum of 34 days per year and unlimited stand-by access.

Can you timeshare a boat?

A boat timeshare works much the same as a timeshare for a luxury condo or private jet. You pay a discounted price to purchase an allotment of time at a property (in this case, a yacht) which you get to use during prespecified periods throughout the year.

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