"Tony, your brother is a legen
"Tony, your brother is a legend, or a burgular, one or the other,
Good on him, he has done very well making a killing like that.
I did nearly double the money I paid for my last yacht, but that was shear luck.
It is however one of the ways that I use to keep on moving up in boat sizes, I look around for a project that will go close to doubling my purchase price when I sell and I take a punt.
My current boat is my Bertram Bahia Mar 25 that is in the picture next to my post, I paid approx 16K for it and I should be able to get around the mid 30"s for it when I sell it in about 18months time at which point it should owe me around 22K.
Then I will spend around 30K, to buy something that needs some work, but will return me around the 60K mark when I sell it.
And so the cycle continues.
Cheers
Peter C"