I looked at a couple sailboats that were listed in Florida that were owned by Canadians. On one we were told that they sailed up to the day of storage however we found out that the boat had sat for 6 years! The pictures were from 6 years ago! If you are thinking of buying a boat from the Caribbean or Florida, they will be sun bleached and warm salt water is hard on boats hence the price difference between Fresh Water and Salt Water boats. Pay close attention to pictures of Dodgers etc and they are often sun bleached. Wiring is often green and requires replacing. Many sailboat engines are not closed cooled and will have internal issues not able to be checked by a survey....Trucking a fresh water boat down south ( or sailing) may turn out to be a better option. We ended up buying a great lakes boat with no salt experience and with current prices did much better then what we found down south. Boats down south were often listed in US dollars adding additional costs.
Caribbean boats I've always been told usually have mold and mildew issues, and they're thrashed charter boats. Might be okay... but I can tell you there are places on every boat that mold can find but you can't. I think Tim's point is that you might find a great boat in a difficult to get to place, so the price is significantly lower. But be wary. I looked at some listings of boats in the South Pacific - I kind of figured out that at least some of them have problems, like engine problems, that can't be easily fixed where they are at. So you ship in a new engine, and then fly in a mechanic, Who then tells you the other parts you need that also aren't available locally.
following your steps, when I buy your boat out on international waters, the boat is still registered to Alice in Canada not me Bob in Lauderdale. As we enter Grenada, how do A & B present themselves in inmigration? Hi I'm Bob and I have this napkin with an executed sales contract and my boat was Alice's but although is registered to her it ain´t hers. You get my point 🌝
I suspect the deposit requirement is to help disqualify 'non-serious' buyers. The fact that they will just take you there if you show up at the door kinda validates that assumption. Great video and I learned a good bit!
They require deposit into escrow because they got tired of keel kickers and waterline lickers wasting 95% of their time. ( how did you like my nautical version of tire kickers and window lickers? LOL)
Most brokers are worthless. They take a big commission for little work. In any profession, there is no wasting time for any potential customer. Brokers who feel customers are wasting the time, they can kiss my rear because I do not take crap from them. Their job is to show boats. If they are professionals, they know how the business work.
I don’t know how you knew that we are down in Martinique shopping for boats, but this just came up and It was extremely helpful in figuring the taxes on the boats. Thank you very much.
I bought a boat in Grenada during the height of covid restrictions. Paid less than half what a similar model would have been priced at on the USA east coast. I fell in love with Grenada.
Some people are looking to buy the most ideal boat anywhere in the world at a cheap price, what country/area would that be, ex charter, etc? ( within places that a safe for their health & well-being) & do what's required to sail it to their area or put it in an area that's ideal for them. A friend of mine is in Australia & he is looking to find one to buy next year & do what is required to sail it to Fiji as it's only a short flight away & things are a lot cheaper there too . I know lots of people similar looking in the Virgin Islands, south America .etc Maybe do a video about this, most ideal places in the world to find world cruisers at a great price whether & where to find ex-charter boats, sites to look at besides YachtWorld , yachthub , sailboatlistings ,etc & everyone can share the sites they know of, brokers, charters details, etc ...maybe create this on your paid site
Blue…😊 Serious question…35% tax seems a bit high. How do you turn a profit if you have to pay such a high tax rate. The $40k boat just cost you $54k. What is the value of that C & C in the US?
I tried to purchase a boat in Grenada last year. The broker is an establish older gent who was worthless. Big commission for doing almost nothing. Some brokers all over the world are terrible. Personally, if I like the boat, I do not let them know I am coming. I just show up and look at the boat. After doing my homework and making sure the boat is on the hard. By looking at the boat and my experienced of years working on boats, I will be able to determine if the boat is worth paying for a surveyor. However, I do not hire anyone if the seller or broker do not pass the simple "smell" test. Some owners and brokers just flat out do not have any dignity and make up things. In a small place like Grenada, everyone knows everyone in the industry. Grenada does have many boats.
Good info on boat buying off shore. I like how you explained its not like the US or Canada, Check out Rio dulce Guatemala . Every year hundreds of cruisers go there for hurricane season. Many like me find they are too old to sail and put their boat up for sale. You can find good deals and the marinas are very reasonable. It's a short cheap flight from Florida.
Seriously useful video, Tim - many thanks. We’ve been looking for a sailboat in (and out) of Grenada over the past year. In our experience, having dealt with 4 brokers, none have asked or even mentioned a deposit pre-viewing; and neither have we come across the mid-day ‘Island Time’ thing for appointments. Surveyors are busy (so busy, that one surveyor put us off two boats without even visiting - they were Covid orphans) You’re correct about everyone knowing everyone in the business, which has its upsides. In addition to those you mentioned, Tony Gagliardo has just sailed into Grenada; a seriously experienced SAMS/IIMS/ABYC ‘mobile’ surveyor who we used in Chaguaramas, Trinidad. Incidentally, if you’re finding Grenada expensive, try Chaguaramas - costs are considerably lower, with highly qualified professionals - additionally tax-free import an option worth investigating for accessories and spares.
Are there other places like this? I heard Panama was also a good place to go for cheap boats, but I'm not sure what complications come with buying them. Also, I live in Europe, so would probably look here first.
Helpful advice, thanks. I hired Nigel Peters of Crosstree Marine as surveyor for a pre-purchase (5-year old catamaran) several months ago. He was very diligent, detailed, extremely knowledgeable and highly skilled. I used his thorough report to leverage more repair work by the seller. I see he’s among your list of 3 in Grenada. The boatyards in Grenada are good but they are indeed pricey…. Yowza. Break Out Another Thou$…. often.
Regarding Caribbean marine insurance in addition to not covering Venezuela & Cuba, the last 3 quotes we've had from UK insurers, have changed their latitude definition of the area at risk from "named storms" southwards from 12°N to 9°N, with the south coast of Grenada approx. 12°N.
Grenadian, long time watcher and I've been in Grenadian maritime industry since 2007. Some notes: Import taxes on boat spares and equipment for "boats in transit" is only 2.5% customs duty and no VAT. Please don't blame the broker non-performance on "island-time" because none of the brokers are from the island. The deposit requirement is to weed out the people looking for free boat tours, there are people who have come on vacation and have the brokers be free taxi/tour drivers for days checking out boats, and places on the Island for days with no intention to buy, lot of fun stories there. Cruising permits are only 50XCD a month for boats under 40ft, much too low for the damage being done by the boat to the environment. There are many more surveyors than listed on that particular marketing organization's website, please remember its is a marketing organization, despite the name. Always ask for samples of the survey you will receive.
One option is to go to contract before buying the plan tickets, subject to personal inspection, survey, etc. The funds are held in escrow in the USA. At least that way you know what the price will be before you survey the boat, as opposed to buying plane tickets, paying for hotels, and finding that the seller won't move on his/her price.
Almost the same as Granada but very expensive boatyard fees. Some boatyards do not allow individuals to work on their own boat. Only management approved company workers can do repair on your boat. For a take-out or splash, you're looking about $650 each. Very expensive for being a Third World country. Sad, I do not take or go to Mexico anymore due to the price gouging they do there. However, there are many documentation about the Mexican business model on the net. By the way, I speak Spanish like a native. That does not help at all, they are an equal opportunity aprovechados.
We actually viewed this exact C&C 40 when we were in Grenada. It looked amazing, and might be a really good deal for someone else. The sellers are a lovely old couple. Our video explains why we didn't buy this boat and what we bought instead: th-cam.com/video/Nc1VwThyaLw/w-d-xo.html
Be aware!!! The problem is, the vessel will be listed as "none payed tax/vat.". A red flag for customs everywhere. Therefore a tight arrive/leave/hide schedule must be applied. A nightmare for registration. Not to mention insurance and permits. A solid information about outstanding warrants, none payed fees of any kind will be hard to get. Any not payed bills of any kind, will be added to the new owner (backward up to 10 years). From open marina fees to not payed permits. Don't be the looser, giving away your hard earned money to a scheme. Custom is collecting world wide and the data network is solid our days. Don't fall for promises, lies nor fake documentation. There is a reason for ANY "good price". Bin there, done EXACTLY that.
I may have missed it, but this doesn't seem to address what one is required to do regarding "re-flagging" the boat once you purchase it. Presumably the boat was flagged under the previous owner's country of origin, wherever that may be. Unless you keep it flagged in that country, and I'm not sure if you are always allowed to if you are not a citizen of that country, you will have to flag it in your country, U.S. or Canada for purposes of this audience. I think that would immediately trigger duty having to be paid unless the boat is already under the purchaser's country of registration. It doesn't seem that you can simply buy a foreign flagged boat in Grenada and only have to renew a cruising permit.
My favorite boat is the Nordic 44, designed by Bob Perry, and built in Bellingham, Washington in the 80s. Designed to no racing rules, it is a performance oriented sailboat with great manners. But I am biased, as I own hull #27, built in 1984. Fin keel with skeg hung rudder, and I have been told that no one was building any better boats than Nordic during this time.
Hawaii might be a good place because people have outfitted the boat, and decided they didn’t like blue water sailing. I think some places in the Sea of Cortez particularly the city at the north end that is a three hour drive from Tucson. I can’t remember the name but a lot of boats haul out there for hurricane season rather than bash back north to San Diego, or sail over to Hawaii or elsewhere
I bought one in Grenada Saves 20g getting it there Spent 3G going to look and a survey Yes bought the first 38beneteau and retired to learn to sail and sun tan start drinking again fix fix fix my boat more rum my friend Taxes oh no none of that thanks. $250 every three years to canada for registration ? Thought it was a one time thing but … Grenada is beautiful ❤
Great video and Channel! just curious if the same thing goes for Greece, Croatia, Italy and the other Mediterranean countries? My wife and I are beginning our search for a 40'-50' to spend some of our retirement on, and the availability of boats and prices seem so much better there. Any thoughts?
I also look in Europe specifically in Croatia and Greece for a sailboat look like the price is much cheaper what is the coast to bring it to United States perhaps Florida or Maryland is it really worse that let me know if you can do any episodes on that
Hi Tim, another great video ... thanks from the other coast. Just so happens I have been looking at a Canadian made boat in Grenada and well ,would like to bring her home. Could go on and on but "here's the thing". Retiring soon, time running out, snowing like a bastard out side "I think I need an hour of your time". Hope to get in touch soon.
Nonsense. You can buy a boat in Grenada. Easy. Cruising permits < 50 bucks Canadian. Per month. Lots of surveyors in Grenada. Very respectful. Honest. Deposit is also nonsense. Come to Grenada see the boat no problem. I had bought and sold two boats. Not problematic. You are way off base on this .
I saw a boat listed in YachtWorld with what looked like a bluish-silver hull and it was gorgeous. I told myself that I would have a boat with that color of hull at some point.
in the middle of march, my family and i may take advantage of a week long liveaboard sailing adventure in puerto rico ...any one in particular you want me to punch in the gut Tim?
I viewed several boats with two brokers in Grenada and there was no talk of setting up a deposit before viewing. The broker also assured me that there are no additional taxes when buying a boat on Grenada.
Great video, i love the way you see a business opportunity and share it for all, you rock. Just wanted to say hello and ask if your still wanting to race in the spring. Im looking forward to it and getting excited to race again and win again.
Absolutely BRILLIANT !!! Thanks 🙂 Funny enough, I was looking at flights to Grenada over the weekend, to buy a boat and keep her on the hard whilst I'm not there. It's a good option from the UK. ps: the deposit in escrow is to weed the tyre-kickers out. They probably get a lot of them otherwise.
Our boat is in Curacao a 46 ft Hunter We have been to Grenada several times. The people are nice customs and others very helpful. My heads up would be food shortages and prices. Some islands have shortages up the island chain to Florida. Many awesome places including Martinique Antigua and st martin for parts and upgrades Love the videos Cheers Terry and Tere from BC Can.
Add in the repairs almost certainly required to make sure the vessel arrives safely in Florida - and there would not be much meat left on the bones....one would have to be very careful, very good, and very lucky.
Thanks to your channel, I've been looking at the Jenneau 42DS a good bit. My favorite island at the moment is probably Virgin Gorda, BVI. Favorite color is red, but nautical blue is growing on me. Interesting concept for a business importing caribbean boats - something to consider!
How much is a cruising permit in Grenada? When you say import to Grenada and just pay 35%,...of what? Sale price? Appraised Value? estimated value? Can give a real world example?
Favourite colour is green. 😂 Thanks, Tim for making your vids, I learn so much. I have a little 1981 Kelt 7.6 in our shared Nations Capital. I appreciate my boat but I would like some headroom since i am a little over 6 foot (183cm) and see the bigger 30 footers on the river and their ability to offer the ability to stand erect. Anywho, if you were looking for video ideas (I know, unsolicited advice), talking about smaller 25-27 footers that offers height, weeklong tank capacity, and finally what kit to put on your boat to make life better on small boats (bbq, lagun table, bimini, chairs, inflatable toys, etc...). Finally, thank you for reading this comment. Signed, a big fan.
We bought our last boat, Beneteau Sense 50 , in Trinidad. Similar number of boats available as compared to Grenada. Easier process. No international waters deals. I did have to place a deposit. The local surveyor was excellent, but only one of 2 options. All paper work was handled by the broker.
Hi Tim. Good videos. I have a Jeanneau 46 for sale in Grenada. I Agee with most your points. But I don’t think it is all that complicated. Like anything it’s just the process you have to through. The escrow process would be the most onerous but I think a good one for the points you made in weeding out the tire kickers and making the purchaser accountable for any possible damage that might happen. Doing the sale off shore is easy just a little time consuming but having fun doing that shake down cruise to Union and back. Cruising permits are cheap. 75 EC a month, a small price to pay to use their beautiful waters. One last point is that there is a big European presence in Grenada so the USA is not the only market. And flights from Miami can be cheap and are direct.
Our first, dream boat we found was in Grenada, a Hans Christian 33. We followed that boat for a year, and contacted the broker. Eventually, someone else put in a bid, right before we did of course, and paid for a survey. The prospective buyer backed out after seeing it. So we talked to the broker again, who shared the survey with us as well (saving us that expense). We still considered buying it, despite the flaws revealed, and mad a reasonable counter offer. As it turned out, someone beat us to her. We were able to find what we considered a better boat local to us in Florida, saving all the flights, taxes, moving the boat to Puerto Rico, etc. Thank you so much for the consult and survey review to help us out!! We highly recommend your service. We love you too, Tim
I'd like to know what you think about a pilot house boat for cruising, as opposed to, say, a centre cockpit. My parents lived on a Fisher 34 for years, which sailed like a brick but was extraordinarily comfortable. I once toured a Hans Christian 44 pilot house which made me go weak at the knees from first sight. Would love to know what cruisers think of these. Pete H
This is not the kind of business you try figuring out for the first time. There are so many possible pitfalls (jurisdictional, bureaucratic, not apparent) that it's best to learn by working for someone who's already been doing it for many years. Or if you find your dream boat in Grenada, hiring that experienced person to handle it. You could wind up with a boat with a dodgy title, that can't be landed anywhere, or resold, or you're lied to, sail it to the U.S. or Canada where there's a huge tax lien on it. I know what a leak looks like, I can fix that. I don't know what the wrong title looks like.
Chris-Craft Caribbean 40 ft. is a beautiful S&S design. But you don't see many of those anymore. I like Leopard 44. It's a nice, stable ride and a tough little boat fit for big passages. Do you see abandoned boats down there that you can get for a song, too?
4:25 In fact, the Global Solo Challenge is in progress right now. I don't know how they handled the checking-out issue. But that falls in the category of "not my problem".
Gets way more expensive if you have to visit several boats over several months before finding what you want... by which time you may discover you no longer have the funds to purchase :
First, we gotta get in touch with the owners of those yachts for sell and see if it’s a worthy investment to hire one of us to sail their boat to Florida. I think I’d rather get paid to sail the boat rather than a commission on the sale. A ton of money could be made if you wanted to buy the boats in Grenada and resell them in the US. Personally I’d rather be apart of a “refit” team that makes these boats fetch top dollar.
Thanks for sharing so much info. I learn more on every vid you put out. By the time I'm financially ready to buy a sailboat I'll know exactly what to look for and where to look for it.
I had no issue setting up a video viewing for free at first with a broker in Grenada, and then I visited. I would never pay a deposit before see the boat live
My favorite colors are black and dark gray and red and orange. I really want to get a steel boat that I can single hand all over the world, including the arctic but is big enough for me to put a proper office with a big gaming monitor and editing station and have a super comfy berth and a bathroom with a tub. A woman can dream...
Can you do a video on navigation of the erie canal and the intercoastal water way. Covering cost, time, marinas, and other requirements requirements? Thanks
Grenada wasn't exactly The Falkland Islands in winter Devil-Dog ;) Ronnie had it tougher than you did, when Maggie woke up to find that you'd invaded a Commonwealth country without even a call to Her Majesty Queen Elizabeth II ! Very naughty!
I can’t pick my favorite island as they are all great in their own ways. You want to shore dive? Bonaire. You want gin clear water? Long Island Bahamas. You want laid back, small island life? Utila (or really small…Cayos Cochinos) The Beaches in the Virgin Islands are all great. Drift diving your thing? Cozumel is the place to be.
![ลองสั่งของจากแอพ temu ถูกจริงหรอ?? [โกงไหมครับ ep.88 ] | DOM](http://i.ytimg.com/vi/RTcZSQTiDZw/mqdefault.jpg)
I looked at a couple sailboats that were listed in Florida that were owned by Canadians. On one we were told that they sailed up to the day of storage however we found out that the boat had sat for 6 years! The pictures were from 6 years ago! If you are thinking of buying a boat from the Caribbean or Florida, they will be sun bleached and warm salt water is hard on boats hence the price difference between Fresh Water and Salt Water boats. Pay close attention to pictures of Dodgers etc and they are often sun bleached. Wiring is often green and requires replacing. Many sailboat engines are not closed cooled and will have internal issues not able to be checked by a survey....Trucking a fresh water boat down south ( or sailing) may turn out to be a better option. We ended up buying a great lakes boat with no salt experience and with current prices did much better then what we found down south. Boats down south were often listed in US dollars adding additional costs.
Caribbean boats I've always been told usually have mold and mildew issues, and they're thrashed charter boats. Might be okay... but I can tell you there are places on every boat that mold can find but you can't. I think Tim's point is that you might find a great boat in a difficult to get to place, so the price is significantly lower. But be wary.
I looked at some listings of boats in the South Pacific - I kind of figured out that at least some of them have problems, like engine problems, that can't be easily fixed where they are at. So you ship in a new engine, and then fly in a mechanic, Who then tells you the other parts you need that also aren't available locally.
Great information, thank you!
I typically like the color red
NEVER trust a Canadian.
Just landed in Prickly Bay in Grenada in December from Spain. The Budget Marine at Spices Island Marina is duty free. Saves a bit of cash.
following your steps, when I buy your boat out on international waters, the boat is still registered to Alice in Canada not me Bob in Lauderdale. As we enter Grenada, how do A & B present themselves in inmigration? Hi I'm Bob and I have this napkin with an executed sales contract and my boat was Alice's but although is registered to her it ain´t hers. You get my point 🌝
I suspect the deposit requirement is to help disqualify 'non-serious' buyers. The fact that they will just take you there if you show up at the door kinda validates that assumption.
Great video and I learned a good bit!
Thank you for doing this episode. Exactly my plan in a few years!
They require deposit into escrow because they got tired of keel kickers and waterline lickers wasting 95% of their time. ( how did you like my nautical version of tire kickers and window lickers? LOL)
Most brokers are worthless. They take a big commission for little work. In any profession, there is no wasting time for any potential customer. Brokers who feel customers are wasting the time, they can kiss my rear because I do not take crap from them. Their job is to show boats. If they are professionals, they know how the business work.
I don’t know how you knew that we are down in Martinique shopping for boats, but this just came up and It was extremely helpful in figuring the taxes on the boats. Thank you very much.
I bought a boat in Grenada during the height of covid restrictions. Paid less than half what a similar model would have been priced at on the USA east coast. I fell in love with Grenada.
You are my favorite how to sailing channel.
Some people are looking to buy the most ideal boat anywhere in the world at a cheap price, what country/area would that be, ex charter, etc? ( within places that a safe for their health & well-being) & do what's required to sail it to their area or put it in an area that's ideal for them. A friend of mine is in Australia & he is looking to find one to buy next year & do what is required to sail it to Fiji as it's only a short flight away & things are a lot cheaper there too . I know lots of people similar looking in the Virgin Islands, south America .etc
Maybe do a video about this, most ideal places in the world to find world cruisers at a great price whether & where to find ex-charter boats, sites to look at besides YachtWorld , yachthub , sailboatlistings ,etc & everyone can share the sites they know of, brokers, charters details, etc ...maybe create this on your paid site
If you want to make real money sail them to Australia
"Red . . . I mean blue." - - "Aaaauuuggggghhh"
Blue…😊
Serious question…35% tax seems a bit high. How do you turn a profit if you have to pay such a high tax rate. The $40k boat just cost you $54k. What is the value of that C & C in the US?
I tried to purchase a boat in Grenada last year. The broker is an establish older gent who was worthless. Big commission for doing almost nothing. Some brokers all over the world are terrible. Personally, if I like the boat, I do not let them know I am coming. I just show up and look at the boat. After doing my homework and making sure the boat is on the hard. By looking at the boat and my experienced of years working on boats, I will be able to determine if the boat is worth paying for a surveyor. However, I do not hire anyone if the seller or broker do not pass the simple "smell" test. Some owners and brokers just flat out do not have any dignity and make up things. In a small place like Grenada, everyone knows everyone in the industry. Grenada does have many boats.
Good info on boat buying off shore. I like how you explained its not like the US or Canada,
Check out Rio dulce Guatemala . Every year hundreds of cruisers go there for hurricane season. Many like me find they are too old to sail and put their boat up for sale. You can find good deals and the marinas are very reasonable. It's a short cheap flight from Florida.
I have heard about Rio Dulce a lot and I hope I will be lucky when my time comes.. I would just want a simple 24ft sailboat for under $3k
@@mugumyapaultheafricannomad9488 Good luck finding professional surveyors there. However, Guatemala does have some deals in fixer-uppers.
Seriously useful video, Tim - many thanks. We’ve been looking for a sailboat in (and out) of Grenada over the past year. In our experience, having dealt with 4 brokers, none have asked or even mentioned a deposit pre-viewing; and neither have we come across the mid-day ‘Island Time’ thing for appointments. Surveyors are busy (so busy, that one surveyor put us off two boats without even visiting - they were Covid orphans) You’re correct about everyone knowing everyone in the business, which has its upsides. In addition to those you mentioned, Tony Gagliardo has just sailed into Grenada; a seriously experienced SAMS/IIMS/ABYC ‘mobile’ surveyor who we used in Chaguaramas, Trinidad. Incidentally, if you’re finding Grenada expensive, try Chaguaramas - costs are considerably lower, with highly qualified professionals - additionally tax-free import an option worth investigating for accessories and spares.
Beneteau 473 or something like an old Morgan with a cutter rig, those are my dreams, but my wallet says Highfield… Bwahahahaha.
Are there other places like this? I heard Panama was also a good place to go for cheap boats, but I'm not sure what complications come with buying them. Also, I live in Europe, so would probably look here first.
If it's on the wrong side of the canal, that could be a huge complication.
Helpful advice, thanks. I hired Nigel Peters of Crosstree Marine as surveyor for a pre-purchase (5-year old catamaran) several months ago. He was very diligent, detailed, extremely knowledgeable and highly skilled. I used his thorough report to leverage more repair work by the seller. I see he’s among your list of 3 in Grenada.
The boatyards in Grenada are good but they are indeed pricey…. Yowza. Break Out Another Thou$…. often.
Regarding Caribbean marine insurance in addition to not covering Venezuela & Cuba, the last 3 quotes we've had from UK insurers, have changed their latitude definition of the area at risk from "named storms" southwards from 12°N to 9°N, with the south coast of Grenada approx. 12°N.
Grenadian, long time watcher and I've been in Grenadian maritime industry since 2007.
Some notes:
Import taxes on boat spares and equipment for "boats in transit" is only 2.5% customs duty and no VAT.
Please don't blame the broker non-performance on "island-time" because none of the brokers are from the island.
The deposit requirement is to weed out the people looking for free boat tours, there are people who have come on vacation and have the brokers be free taxi/tour drivers for days checking out boats, and places on the Island for days with no intention to buy, lot of fun stories there.
Cruising permits are only 50XCD a month for boats under 40ft, much too low for the damage being done by the boat to the environment.
There are many more surveyors than listed on that particular marketing organization's website, please remember its is a marketing organization, despite the name. Always ask for samples of the survey you will receive.
Is that 35% of the boat's price?
Garcia 45, BVI's, blue. Thanks for the info in this vid.
Another solid episode packed with useful, real world knowledge. Mahalo 🤙
One option is to go to contract before buying the plan tickets, subject to personal inspection, survey, etc. The funds are held in escrow in the USA. At least that way you know what the price will be before you survey the boat, as opposed to buying plane tickets, paying for hotels, and finding that the seller won't move on his/her price.
Wish this were way longer
We need a part 2
Wow Sailor, your channel is what we need to prepare us for sailing one day
Could you make the same video but on mexico ?
Almost the same as Granada but very expensive boatyard fees. Some boatyards do not allow individuals to work on their own boat. Only management approved company workers can do repair on your boat. For a take-out or splash, you're looking about $650 each. Very expensive for being a Third World country. Sad, I do not take or go to Mexico anymore due to the price gouging they do there. However, there are many documentation about the Mexican business model on the net. By the way, I speak Spanish like a native. That does not help at all, they are an equal opportunity aprovechados.
We actually viewed this exact C&C 40 when we were in Grenada. It looked amazing, and might be a really good deal for someone else. The sellers are a lovely old couple. Our video explains why we didn't buy this boat and what we bought instead:
th-cam.com/video/Nc1VwThyaLw/w-d-xo.html
Be aware!!!
The problem is, the vessel will be listed as "none payed tax/vat.". A red flag for customs everywhere.
Therefore a tight arrive/leave/hide schedule must be applied. A nightmare for registration. Not to mention insurance and permits.
A solid information about outstanding warrants, none payed fees of any kind will be hard to get. Any not payed bills of any kind, will be added to the new owner (backward up to 10 years). From open marina fees to not payed permits.
Don't be the looser, giving away your hard earned money to a scheme.
Custom is collecting world wide and the data network is solid our days.
Don't fall for promises, lies nor fake documentation.
There is a reason for ANY "good price".
Bin there, done EXACTLY that.
Great Idea, That would be the thing to do, buy the boat, sail the Caribbean and then head to Florida and sell it, then repeat if you are lucky enough.
Really interesting video, money, taxes, voyages, sail ....
I may have missed it, but this doesn't seem to address what one is required to do regarding "re-flagging" the boat once you purchase it. Presumably the boat was flagged under the previous owner's country of origin, wherever that may be. Unless you keep it flagged in that country, and I'm not sure if you are always allowed to if you are not a citizen of that country, you will have to flag it in your country, U.S. or Canada for purposes of this audience. I think that would immediately trigger duty having to be paid unless the boat is already under the purchaser's country of registration. It doesn't seem that you can simply buy a foreign flagged boat in Grenada and only have to renew a cruising permit.
My favorite boat is the Nordic 44, designed by Bob Perry, and built in Bellingham, Washington in the 80s. Designed to no racing rules, it is a performance oriented sailboat with great manners. But I am biased, as I own hull #27, built in 1984. Fin keel with skeg hung rudder, and I have been told that no one was building any better boats than Nordic during this time.
Just a comment to say thanks for the video and to help your algorithm 🤙🏻
Cheers headhuntersailing
Are there any countries that don’t have a tax on boats when you register them?
Hawaii might be a good place because people have outfitted the boat, and decided they didn’t like blue water sailing. I think some places in the Sea of Cortez particularly the city at the north end that is a three hour drive from Tucson. I can’t remember the name but a lot of boats haul out there for hurricane season rather than bash back north to San Diego, or sail over to Hawaii or elsewhere
@@kenmcclow8963 what does any of this have to do with my question?
@@kenmcclow8963Rocky Point/Puerto Penasco
I bought one in Grenada
Saves 20g getting it there
Spent 3G going to look and a survey
Yes bought the first 38beneteau and retired to learn to sail and sun tan start drinking again fix fix fix my boat more rum my friend
Taxes oh no none of that thanks.
$250 every three years to canada for registration ? Thought it was a one time thing but …
Grenada is beautiful ❤
Great video and Channel! just curious if the same thing goes for Greece, Croatia, Italy and the other Mediterranean countries? My wife and I are beginning our search for a 40'-50' to spend some of our retirement on, and the availability of boats and prices seem so much better there. Any thoughts?
I love the C&C boats! Raced my 25’ Balboa sang keel to Mackinaw island race came in 5th not bad for a 25’ with flushing toilet?
Hoping to buy later this year. Or early next. Keep up the good work!
I also look in Europe specifically in Croatia and Greece for a sailboat look like the price is much cheaper what is the coast to bring it to United States perhaps Florida or Maryland is it really worse that let me know if you can do any episodes on that
Swallow yachts bay cruiser, suckers are pricey though 26ft 120k made somewhere in Europe.
Sound like you have a way to cruise full time in the carribbean 🤔😉
Is it the same for power boats? I’m not much of a sailboat guy but am interested in cruising/ living on maybe a 40ft SeaRay or similar.
Hi Tim, another great video ... thanks from the other coast. Just so happens I have been looking at a Canadian made boat in Grenada and well ,would like to bring her home. Could go on and on but "here's the thing". Retiring soon, time running out, snowing like a bastard out side "I think I need an hour of your time". Hope to get in touch soon.
Nonsense. You can buy a boat in Grenada. Easy. Cruising permits < 50 bucks Canadian. Per month. Lots of surveyors in Grenada. Very respectful. Honest. Deposit is also nonsense. Come to Grenada see the boat no problem. I had bought and sold two boats. Not problematic.
You are way off base on this .
Not worth the headache. I have done business in the "islands" (Bahamas) The graft and outright theft is staggering. I stopped doing business there.
I saw a boat listed in YachtWorld with what looked like a bluish-silver hull and it was gorgeous. I told myself that I would have a boat with that color of hull at some point.
in the middle of march, my family and i may take advantage of a week long liveaboard sailing adventure in puerto rico ...any one in particular you want me to punch in the gut Tim?
I viewed several boats with two brokers in Grenada and there was no talk of setting up a deposit before viewing. The broker also assured me that there are no additional taxes when buying a boat on Grenada.
Very interesting. I always wondered how that worked with cross border sales
Great video, i love the way you see a business opportunity and share it for all, you rock. Just wanted to say hello and ask if your still wanting to race in the spring. Im looking forward to it and getting excited to race again and win again.
Absolutely BRILLIANT !!! Thanks 🙂
Funny enough, I was looking at flights to Grenada over the weekend, to buy a boat and keep her on the hard whilst I'm not there. It's a good option from the UK.
ps: the deposit in escrow is to weed the tyre-kickers out. They probably get a lot of them otherwise.
Why do you think it's a particularly good option from the UK?
I'm a year behind you.
So where can you find a list of these “Cheaper” boats
I am off to bed I will catch up with you to morrow sleep thanks mate .
Our boat is in Curacao a 46 ft Hunter
We have been to Grenada several times. The people are nice customs and others very helpful.
My heads up would be food shortages and prices. Some islands have shortages up the island chain to Florida.
Many awesome places including Martinique Antigua and st martin for parts and upgrades
Love the videos
Cheers
Terry and Tere from BC Can.
That is awesome! Thanks for watching!
With broker fees being what they are, is there still meat on the bone to sail boats back to the US?
Add in the repairs almost certainly required to make sure the vessel arrives safely in Florida - and there would not be much meat left on the bones....one would have to be very careful, very good, and very lucky.
I went to grenada in Oct 83...I like how much it seems to have changed.
Amen brother...thanks for your service
Thanks to your channel, I've been looking at the Jenneau 42DS a good bit. My favorite island at the moment is probably Virgin Gorda, BVI. Favorite color is red, but nautical blue is growing on me. Interesting concept for a business importing caribbean boats - something to consider!
Hi Tim!
Great Video!!
My favorite island is Antiqua!
My favorite boat is any two cabin boat with a fully encapsulated keel with a skeg hung Rudder!
Do the same issues apply to Trinidad?
You have a wonderful and informative channel for us newbies !
Thanks
Thanks for watching!
How much is a cruising permit in Grenada? When you say import to Grenada and just pay 35%,...of what? Sale price? Appraised Value? estimated value? Can give a real world example?
Favourite colour is green. 😂 Thanks, Tim for making your vids, I learn so much. I have a little 1981 Kelt 7.6 in our shared Nations Capital. I appreciate my boat but I would like some headroom since i am a little over 6 foot (183cm) and see the bigger 30 footers on the river and their ability to offer the ability to stand erect. Anywho, if you were looking for video ideas (I know, unsolicited advice), talking about smaller 25-27 footers that offers height, weeklong tank capacity, and finally what kit to put on your boat to make life better on small boats (bbq, lagun table, bimini, chairs, inflatable toys, etc...). Finally, thank you for reading this comment. Signed, a big fan.
I sold my house 6’ ketch in Mexico as a US citizen. I sold to a Canadian. All went well. No broker involved. No problem. No extra expenses. \
We bought our last boat, Beneteau Sense 50 , in Trinidad. Similar number of boats available as compared to Grenada. Easier process. No international waters deals. I did have to place a deposit. The local surveyor was excellent, but only one of 2 options. All paper work was handled by the broker.
My favorite color is green!!! Especially the greenback shade. Thanks for the business idea Tim.
Hi Tim. Good videos. I have a Jeanneau 46 for sale in Grenada. I Agee with most your points. But I don’t think it is all that complicated. Like anything it’s just the process you have to through. The escrow process would be the most onerous but I think a good one for the points you made in weeding out the tire kickers and making the purchaser accountable for any possible damage that might happen. Doing the sale off shore is easy just a little time consuming but having fun doing that shake down cruise to Union and back. Cruising permits are cheap. 75 EC a month, a small price to pay to use their beautiful waters. One last point is that there is a big European presence in Grenada so the USA is not the only market. And flights from Miami can be cheap and are direct.
Our first, dream boat we found was in Grenada, a Hans Christian 33. We followed that boat for a year, and contacted the broker. Eventually, someone else put in a bid, right before we did of course, and paid for a survey. The prospective buyer backed out after seeing it. So we talked to the broker again, who shared the survey with us as well (saving us that expense). We still considered buying it, despite the flaws revealed, and mad a reasonable counter offer. As it turned out, someone beat us to her. We were able to find what we considered a better boat local to us in Florida, saving all the flights, taxes, moving the boat to Puerto Rico, etc. Thank you so much for the consult and survey review to help us out!! We highly recommend your service. We love you too, Tim
I'd like to know what you think about a pilot house boat for cruising, as opposed to, say, a centre cockpit. My parents lived on a Fisher 34 for years, which sailed like a brick but was extraordinarily comfortable. I once toured a Hans Christian 44 pilot house which made me go weak at the knees from first sight. Would love to know what cruisers think of these.
Pete H
Thank you Tim. Great video, tons of useful hints :)
I wonder is any similar pattern in Europe? Love you here abut...
This is not the kind of business you try figuring out for the first time. There are so many possible pitfalls (jurisdictional, bureaucratic, not apparent) that it's best to learn by working for someone who's already been doing it for many years. Or if you find your dream boat in Grenada, hiring that experienced person to handle it. You could wind up with a boat with a dodgy title, that can't be landed anywhere, or resold, or you're lied to, sail it to the U.S. or Canada where there's a huge tax lien on it. I know what a leak looks like, I can fix that. I don't know what the wrong title looks like.
Chris-Craft Caribbean 40 ft. is a beautiful S&S design. But you don't see many of those anymore. I like Leopard 44. It's a nice, stable ride and a tough little boat fit for big passages.
Do you see abandoned boats down there that you can get for a song, too?
4:25 In fact, the Global Solo Challenge is in progress right now. I don't know how they handled the checking-out issue. But that falls in the category of "not my problem".
Fun video thanks. Can I ask, how much cheaper are boats in Florida say anywhere on the west coast? just roughly (percentage). Thanks
Is the process / red tape similar for boats listed in Dominican Republic.
Do not buy in the DR.
Gets way more expensive if you have to visit several boats over several months before finding what you want... by which time you may discover you no longer have the funds to purchase :
First, we gotta get in touch with the owners of those yachts for sell and see if it’s a worthy investment to hire one of us to sail their boat to Florida. I think I’d rather get paid to sail the boat rather than a commission on the sale. A ton of money could be made if you wanted to buy the boats in Grenada and resell them in the US. Personally I’d rather be apart of a “refit” team that makes these boats fetch top dollar.
Sound advice thanks . Looking at buying in the us , I am Canadian . Any rules there ( maybe do a show if you have not already
Island Packet 465
Very relevant, Tim ;) Thanks for distilling this knowledge all in one place!
i am from Nassau,Bahamas, been wanting a boat now for years, so far the older Morgans 60s,70s,80s are my favorite
Thanks for sharing so much info. I learn more on every vid you put out. By the time I'm financially ready to buy a sailboat I'll know exactly what to look for and where to look for it.
Perhaps my new job? Sounds good to me… great idea/video Tim!!
I had no issue setting up a video viewing for free at first with a broker in Grenada, and then I visited. I would never pay a deposit before see the boat live
My favorite colors are black and dark gray and red and orange. I really want to get a steel boat that I can single hand all over the world, including the arctic but is big enough for me to put a proper office with a big gaming monitor and editing station and have a super comfy berth and a bathroom with a tub. A woman can dream...
Can you do a video on navigation of the erie canal and the intercoastal water way. Covering cost, time, marinas, and other requirements requirements? Thanks
having family from Trinidad, they definitely operate differently down there and walk to their own drum beat.
Great perspective. I;m gonna have to watch this a few times. Thanks!!!
How much os that cruising permit for a C&C 40?
Fav color is blue
I’m one looking too… but in PR. Of which I hope to see one in a couple weeks.
I might play that risk game if I knew exactly what I was doing.
Favorite boat is a Cape Dory, and my favorite colour is blue!
What is the cost difference between a cruising permit and being parked on the hard?
Particularly interesting to me, as I was a US Marine in 1983 that liberated Grenada in Operation Urgent Fury.
Thank you for ur service. I was with HMH 777 on standby to deploy evacuation if needed. Never made it. You're a hero
Thank you both for your service!
I remember that well. Reagan announced we would just "swing by." Cool now that cruisers like to go there.
Grenada wasn't exactly The Falkland Islands in winter Devil-Dog ;)
Ronnie had it tougher than you did, when Maggie woke up to find that you'd invaded a Commonwealth country without even a call to Her Majesty Queen Elizabeth II !
Very naughty!
Like liberating Iraq, Libya, Afghanistan...? 😂
Understood clearly
And thanks for the information
Comment
Sky blue…..
I can’t pick my favorite island as they are all great in their own ways. You want to shore dive? Bonaire. You want gin clear water? Long Island Bahamas. You want laid back, small island life? Utila (or really small…Cayos Cochinos) The Beaches in the Virgin Islands are all great. Drift diving your thing? Cozumel is the place to be.
That's my new favorite color "Gin Clear Water"