Thank you for the information! We are planning to move our lives to Florida. It has been a dream of mine to own a yacht and I am now financially capable. Your vibe and enthusiasm is a perfect fit. I'm sure we will cross our paths soon :)
Hi Gilennium, thanks for the feedback. Glad you've made the move to South Florida - WELCOME! It's a beautiful place here and the boating is incredible. I look forward to meeting you when you're ready to embark on your journey to shop for your dream yacht!
I'd love to see you do a video for someone like me who is thinking of actually living full time on a yacht with my family and traveling the world. Please PLEASE do a video of how much it would actually cost and the truth of what its like to live full time on a boat with my family. THANK YOU!
I'm doing a special video on this soon. I plan to include some charts and actual figures to help support the claims as well so that it really makes sense. This is my business and is difficult for people to understand which is why I want to put it out there.
@@tylerr3151 I'm doing a special video on this soon. I plan to include some charts and actual figures to help support the claims as well so that it really makes sense. This is my business and is difficult for people to understand which is why I want to put it out there.
The goal isn't to rent shit...the goal is to make so much income you can do exactly what you want...buy the damn Boat...like Grant Cardone bought a damn Jet
Depends what your objective is what are you trying to do with your boat? you buy a fishing boat to go fishing you buy a flybridge to cruise, you buy a boat for the intended outcome.
I am actually looking for a live aboard for myself so I'm really happy you brought this up. Once I start the hard search for one I'm definitely going to talk about it.
I'm actually starting to film a lot more withe gopro so I can post a public vlog of all this yacht brokerage stuff. It's amazing the sh*t that happens with people I meet, deals that fall apart, other brokers getting involved, boats that come on the market as fire sales etc... I figure it would add a little more value than just some airhead girl doing walk throughs on boats. 😂 lmk your thoughts!
Hey, I'm in no way going to buy a super yacht. I'm looking for a small sailboat for my family, but a lot of what you said is very helpful. I've been around boats my whole life, but never an owner.
Hi Brian, according to Merriam webster definition of yacht you most certainly are!: noun a medium-sized sailboat equipped for cruising or racing. • [often with modifier] a powered boat or small ship equipped for cruising, typically for private or official use: a steam yacht.
Great info! I’m a first time yacht buyer and you touch in all the areas I want to know but more in-depth. 1) Putting the yacht in LLC and using it for 50% of its time for “business” chartering it etc for full write off. Is there charter companies that hand the entire charter process booking, crew, payment etc? 2) I live in California. However the Mangusta 108 we are looking at is in Miami. Should we keep it Miami or move it to California for when we charter? I am thinking we will be able to rent it more often from Miami then Let’s say Newport Beach/ San Diego. Would like to know best areas to keep charters in your opinion. 3) Also should we registering the US or George Town like most yachts for tax reasons. 4) More info on cost of maintenance and cleaning. Like how much a ft does it cost to wash a yacht and how often you should wash it. How about painting the bottoms of the yacht once a year etc. The little things like that are missed and not talk about as much.
Hi Vince! Thanks for the great feedback. I'm glad you found the information helpful - this is precisely the reason for the Mr.Yachts channel - too add value to people interested in yachting vs. just doing pointless walkthroughs on boats :) That said I love Neoprene and was on her the other day with the owner who is actually a dear friend of mine and was one of my very first clients when I sold one of the first VanDutch yachts in the United States to him. But first to answer your questions: 1) I always recommend to my clients to put their new yacht in an LLC. There are a couple of reasons for this with the most obvious one being the corporate veil with regards to liability. With regards to the tax write-off I would recommend you consult with a qualified tax attorney to give you proper advice but the short answer is that there is a structure that exists to depreciate an asset that is being rented out. I don't know the tax law well enough to get into details but I can certainly point you in the right direct of some good attorneys that can help you when you are ready. I'm not sure I understand what you mean when you ask: "Is there charter companies that hand it 100% for from crew, insurance when there client books with them etc." but if you're asking about if there are companies that handle the entire charter process then yes, there are plenty of Yacht Charter Management companies that handle everything from the bookings, the bookkeeping, crew selection, contracts, escrow, the calendar, etc...
@@vincelombardi2669 Neoprene refit is gorgeous. That yacht is actually a great value because it's way past it's depreciation curve and the previous owner put a lot of money back into it to make it perfect so essentially you're buying a yacht with a replacement value of $10m for 1/4 the price. Now all you have to do is budget your ownership costs and put her on a charter program that covers those and you'll essentially be owning a yacht for free if all is done properly!
@@MrYachts I am going to contact you and see if you can help us with the process especially knowing so much about one of the yacht we have our eyes on. Email on its way!
Hey buddy, great channel. Really like how you keep it Real and Blunt. Do you have videos for the Joe Schmoes like me ? I'm doing my research right now, and in about a year I'll be looking for a full-time liveaboard. 50+ feet and Sub $200K. I'll be looking for something with good bones. As far as looks, as long as it looks nice, I can update things as I go along. I'm pretty handy for an older guy ... lol I'll keep a look out for new videos. Stay Safe !!
Awesome, thanks for the feedback. I actually just moved out of my condo to move aboard a boat and so I want to do a segment on live aboards. Stay tuned!
What do you think about galeon? I want an 800 fly. I want family on the boat, charter it out, go to the Bahamas once in a while, and maybe do a little partying.
When we talk about buying a yacht, the smart play isn’t just about the sticker price. It’s about understanding the total cost of ownership, which crucially includes what you can sell it for later. This is the essence of the "OWN A YACHT FOR FREE" strategy. For instance, say Boat #1 is listed at a $1.5 million MSRP but is currently a steal at $1 million. Boat #2, with a $1.5 million MSRP, also goes for $1 million. Fast forward two years: Boat #1, thanks to its strong brand reputation, resells easily for $800,000, while Boat #2 struggles and eventually sells for only $600,000. What's the better deal in the end? You never know how much a yacht costs until the day you sell it. This shows why choosing a yacht like Boat #1 can be such a wise decision. By snagging a well-regarded brand at a significant discount, you're not just enjoying the yacht; you're setting yourself up to nearly break even when it's time to sell. This strategy aligns perfectly with our "OWN A YACHT FOR FREE" approach-enjoy top-tier yachting without the hefty financial aftermath. It’s all about picking the right boat that we can sell when you're done!
I’m interested to look for a lover price boat to glory it chartered out . Do you guys run beside the brokering also a charter ? If so I would like to talk more
There are good deals everywhere, but it’s rarely worth buying a boat overseas and bringing it back here once you factor in shipping costs, electrical conversions, import duties, refit expenses, insurance, and travel. By the time you’re done, the cost is often so close to buying locally that the simpler, hassle-free route is to go local. For example, I had a client sell his 2018 Sunseeker 95 for $6.5M a few years ago (pre-COVID) and buy a 125 Majesty for $7.5M. He had to fly back and forth to Dubai at least a dozen times, spending heavily on hotels, restaurants, and other luxuries, as you’d expect on such trips. Plus, his Colombian wife loved shiny, expensive things-so those costs added up too. When the deal closed, they decided to handle refit work at the shipyard where Majesty is built. That opened a can of worms, and the boat ended up costing around $10.5M. To make matters worse, it was an older legacy model, and they didn’t realize a newer version was being released, which devalued his boat almost immediately. By the time he brought it back, it was nearly unsellable for the price he paid. There’s a big difference between getting a good deal straight from the factory and being able to resell close to what you paid, versus buying an older boat, pouring more money into it, and taking a massive loss on resale because it wasn’t the right purchase. What seemed like a “cheap boat” turned into a bad deal. As I always say: ‘It’s not the price of the movie; it’s the price of the snacks.’
@MrYachts that is the big issue. Since the boat wasn't made in America, it is subject to the jones Act, so chartering will be a mission. Yeah, i agree with what you're saying. Just buy local if the boat will stay local. If you try to buy it overseas and import it. It always becomes a nightmare. Thanks for the info
@@choco.es.unlimited You're not far off but The Jones Act doesn't prohibit foreign built vessels to be imported and/or chartered. It stipulates the type of charter must be a bareboat charter, not a timed charter (i.e. sightseeing tours) or a passenger charter (i.e. water taxis and ferries), with a passenger limit of 12 persons plus the charterer. Crew is not included in that number. In fact, most of the charter market share of boats in Miami for charter ARE foreign built and operate in this manner. Lastly, it doesn't always become a nightmare if managed properly, my point was that there aren't necessarily significant cost savings by buying oversees because of the upgrades, shipping and insurance that's needed to bring it here usually in the range of $250k-500k for boats under 100 feet.
not sure what you are trying to get at... idk about you but I spend each morning walking up and down the docks of my. local marinas, scour the web for recent listings, constantly analyze the market, and know what the best deal is for my buyers or my sellers... I do this for free. free meaning in the event that I bring a buyer and seller together and am able to negotiate terms based on the aforementioned, I get paid based on the success of the deal. are you implyingour that yacht brokers get paid for no reason? because that's what your comment implies... let me make it very clear to you, not all yacht brokers are the same, there are some that work very hard to produce sales. it's very easy to say in hindsight that a broker wasn't needed but I spend every waking hour of my day focused on yachts. NOBODY can out negotiate me. the best you could ever hope to do is meet me halfway. that's how I EARN my commission. I want you to read that again because every time I walk through a marina everybody on every single boat says hello to me and tells me the industry goodie because that's part of the job. IDK what you do but I can guarantee that I work harder than you. If you don't believe me I'll prove it to you.
Depends if they build one cheaply with a factory and then resell it for a profit. Yachts can be great ways to network and make business deals but the asset itself does not typically appreciate in value.
Great to hear you say, "It's just a consideration" and "I dont think one way is better than the other". Sign of a self assured and open minded man!
Thank you for the information! We are planning to move our lives to Florida. It has been a dream of mine to own a yacht and I am now financially capable. Your vibe and enthusiasm is a perfect fit. I'm sure we will cross our paths soon :)
Hi Gilennium, thanks for the feedback. Glad you've made the move to South Florida - WELCOME! It's a beautiful place here and the boating is incredible. I look forward to meeting you when you're ready to embark on your journey to shop for your dream yacht!
I will definitely need your services before I buy my first yacht. Great video, thanks!
Thank you!
Thank you for the knowledge. I’ll keep watching and learning.
I'd love to see you do a video for someone like me who is thinking of actually living full time on a yacht with my family and traveling the world. Please PLEASE do a video of how much it would actually cost and the truth of what its like to live full time on a boat with my family. THANK YOU!
This is good. I made a video of the yacht I was working on. Check it out!
Since most yachts are listed with a broker, is it smarter to have your own broker or go with the listing broker?
Would love to hear more detail about chartering yachts to compensate for the cost of owning one. Can you really bring the price down close to 0?
I would also love to hear more about this.
I'm doing a special video on this soon. I plan to include some charts and actual figures to help support the claims as well so that it really makes sense. This is my business and is difficult for people to understand which is why I want to put it out there.
@@tylerr3151 I'm doing a special video on this soon. I plan to include some charts and actual figures to help support the claims as well so that it really makes sense. This is my business and is difficult for people to understand which is why I want to put it out there.
The goal isn't to rent shit...the goal is to make so much income you can do exactly what you want...buy the damn Boat...like Grant Cardone bought a damn Jet
You will never hear that from somebody who owns a boat...only from somebody trying to sell you a boat.
Good lookin out. Thank you 🙏🏼
thanks for watching I'm producing more again stay tuned!
Silverton 40 convertible or sea Ray 400 sedan bridge? Which should I target?
Depends what your objective is what are you trying to do with your boat? you buy a fishing boat to go fishing you buy a flybridge to cruise, you buy a boat for the intended outcome.
Really, really great video, thank you!
thanks for watching!
Thanks, many useful tips.
Glad it was helpful!
Would like to hear you speak on first buyer liveaboard yachts
I am actually looking for a live aboard for myself so I'm really happy you brought this up. Once I start the hard search for one I'm definitely going to talk about it.
I'm actually starting to film a lot more withe gopro so I can post a public vlog of all this yacht brokerage stuff. It's amazing the sh*t that happens with people I meet, deals that fall apart, other brokers getting involved, boats that come on the market as fire sales etc... I figure it would add a little more value than just some airhead girl doing walk throughs on boats. 😂 lmk your thoughts!
@@MrYachtsLOL 😂 I know this was 2yr ago but great content and underrated channel! I am looking to start my own boat chartering business
Hey, I'm in no way going to buy a super yacht. I'm looking for a small sailboat for my family, but a lot of what you said is very helpful. I've been around boats my whole life, but never an owner.
Hi Brian, according to Merriam webster definition of yacht you most certainly are!: noun a medium-sized sailboat equipped for cruising or racing. • [often with modifier] a powered boat or small ship equipped for cruising, typically for private or official use: a steam yacht.
let me know if I can offer any advice mryachts@nickcardoza dot com
@@MrYachts I’ve been looking for 40 footers. The surveys are annoying and the hunt is ongoing. I love these things though.
Thanks man
and thank you!
I have over 30k hours on a Detroit 60 series in a semi. Runs strong still. Maybe it's different for a boat?
what's different?
Great info! I’m a first time yacht buyer and you touch in all the areas I want to know but more in-depth.
1) Putting the yacht in LLC and using it for 50% of its time for “business” chartering it etc for full write off. Is there charter companies that hand the entire charter process booking, crew, payment etc?
2) I live in California. However the Mangusta 108 we are looking at is in Miami. Should we keep it Miami or move it to California for when we charter? I am thinking we will be able to rent it more often from Miami then Let’s say Newport Beach/ San Diego. Would like to know best areas to keep charters in your opinion.
3) Also should we registering the US or George Town like most yachts for tax reasons.
4) More info on cost of maintenance and cleaning. Like how much a ft does it cost to wash a yacht and how often you should wash it. How about painting the bottoms of the yacht once a year etc. The little things like that are missed and not talk about as much.
And it’s funny because we are looking at Neoprene it self since it’s been retrofit and ready to go for us.
Hi Vince! Thanks for the great feedback. I'm glad you found the information helpful - this is precisely the reason for the Mr.Yachts channel - too add value to people interested in yachting vs. just doing pointless walkthroughs on boats :) That said I love Neoprene and was on her the other day with the owner who is actually a dear friend of mine and was one of my very first clients when I sold one of the first VanDutch yachts in the United States to him. But first to answer your questions:
1) I always recommend to my clients to put their new yacht in an LLC. There are a couple of reasons for this with the most obvious one being the corporate veil with regards to liability. With regards to the tax write-off I would recommend you consult with a qualified tax attorney to give you proper advice but the short answer is that there is a structure that exists to depreciate an asset that is being rented out. I don't know the tax law well enough to get into details but I can certainly point you in the right direct of some good attorneys that can help you when you are ready.
I'm not sure I understand what you mean when you ask: "Is there charter companies that hand it 100% for from crew, insurance when there client books with them etc." but if you're asking about if there are companies that handle the entire charter process then yes, there are plenty of Yacht Charter Management companies that handle everything from the bookings, the bookkeeping, crew selection, contracts, escrow, the calendar, etc...
@@vincelombardi2669 Neoprene refit is gorgeous. That yacht is actually a great value because it's way past it's depreciation curve and the previous owner put a lot of money back into it to make it perfect so essentially you're buying a yacht with a replacement value of $10m for 1/4 the price. Now all you have to do is budget your ownership costs and put her on a charter program that covers those and you'll essentially be owning a yacht for free if all is done properly!
@@MrYachts I am going to contact you and see if you can help us with the process especially knowing so much about one of the yacht we have our eyes on. Email on its way!
You got a yacht ? Noice I'm still just launching
Hey buddy, great channel. Really like how you keep it Real and Blunt. Do you have videos for the Joe Schmoes like me ? I'm doing my research right now, and in about a year I'll be looking for a full-time liveaboard. 50+ feet and Sub $200K. I'll be looking for something with good bones. As far as looks, as long as it looks nice, I can update things as I go along. I'm pretty handy for an older guy ... lol
I'll keep a look out for new videos.
Stay Safe !!
Awesome, thanks for the feedback. I actually just moved out of my condo to move aboard a boat and so I want to do a segment on live aboards. Stay tuned!
What do you think about galeon? I want an 800 fly. I want family on the boat, charter it out, go to the Bahamas once in a while, and maybe do a little partying.
When we talk about buying a yacht, the smart play isn’t just about the sticker price. It’s about understanding the total cost of ownership, which crucially includes what you can sell it for later. This is the essence of the "OWN A YACHT FOR FREE" strategy. For instance, say Boat #1 is listed at a $1.5 million MSRP but is currently a steal at $1 million. Boat #2, with a $1.5 million MSRP, also goes for $1 million. Fast forward two years: Boat #1, thanks to its strong brand reputation, resells easily for $800,000, while Boat #2 struggles and eventually sells for only $600,000. What's the better deal in the end? You never know how much a yacht costs until the day you sell it.
This shows why choosing a yacht like Boat #1 can be such a wise decision. By snagging a well-regarded brand at a significant discount, you're not just enjoying the yacht; you're setting yourself up to nearly break even when it's time to sell. This strategy aligns perfectly with our "OWN A YACHT FOR FREE" approach-enjoy top-tier yachting without the hefty financial aftermath. It’s all about picking the right boat that we can sell when you're done!
I’m interested to look for a lover price boat to glory it chartered out . Do you guys run beside the brokering also a charter ? If so I would like to talk more
I'm a yacht broker I sell boats, and then I help charter them out. Happy to talk
great video and amazing info 😁 would love to see a video on buying a boat for free and to see how that works
I was wondering if you've contacts of rich people renting their yachts? How do you do the yachts' marketing, Nick?
Yes I do have contacts that's why I'm in the business ;) I have many forms of marketing from direct marketing, digital, events, social, etc...
Sailboat vs power boat for ocean day charter
coffee or tea to serve at a cafe?
Great content
thanks for watching! just getting back into the game here stay tuned!
Is Okean a good brand?
sure why not?
Dubai has a lot of cheap yachts. You can get some great deals
There are good deals everywhere, but it’s rarely worth buying a boat overseas and bringing it back here once you factor in shipping costs, electrical conversions, import duties, refit expenses, insurance, and travel. By the time you’re done, the cost is often so close to buying locally that the simpler, hassle-free route is to go local.
For example, I had a client sell his 2018 Sunseeker 95 for $6.5M a few years ago (pre-COVID) and buy a 125 Majesty for $7.5M. He had to fly back and forth to Dubai at least a dozen times, spending heavily on hotels, restaurants, and other luxuries, as you’d expect on such trips. Plus, his Colombian wife loved shiny, expensive things-so those costs added up too.
When the deal closed, they decided to handle refit work at the shipyard where Majesty is built. That opened a can of worms, and the boat ended up costing around $10.5M. To make matters worse, it was an older legacy model, and they didn’t realize a newer version was being released, which devalued his boat almost immediately. By the time he brought it back, it was nearly unsellable for the price he paid.
There’s a big difference between getting a good deal straight from the factory and being able to resell close to what you paid, versus buying an older boat, pouring more money into it, and taking a massive loss on resale because it wasn’t the right purchase. What seemed like a “cheap boat” turned into a bad deal.
As I always say: ‘It’s not the price of the movie; it’s the price of the snacks.’
@MrYachts that is the big issue. Since the boat wasn't made in America, it is subject to the jones Act, so chartering will be a mission. Yeah, i agree with what you're saying. Just buy local if the boat will stay local. If you try to buy it overseas and import it. It always becomes a nightmare.
Thanks for the info
@@choco.es.unlimited You're not far off but The Jones Act doesn't prohibit foreign built vessels to be imported and/or chartered. It stipulates the type of charter must be a bareboat charter, not a timed charter (i.e. sightseeing tours) or a passenger charter (i.e. water taxis and ferries), with a passenger limit of 12 persons plus the charterer. Crew is not included in that number. In fact, most of the charter market share of boats in Miami for charter ARE foreign built and operate in this manner. Lastly, it doesn't always become a nightmare if managed properly, my point was that there aren't necessarily significant cost savings by buying oversees because of the upgrades, shipping and insurance that's needed to bring it here usually in the range of $250k-500k for boats under 100 feet.
Bigger is always better
that's what she said.
He asks what are you going to do with the boat...me: I have NO fucking idea yet I'm just motivating rn...
Never forget, brokers are just commissioned sales persons.
not sure what you are trying to get at... idk about you but I spend each morning walking up and down the docks of my. local marinas, scour the web for recent listings, constantly analyze the market, and know what the best deal is for my buyers or my sellers... I do this for free. free meaning in the event that I bring a buyer and seller together and am able to negotiate terms based on the aforementioned, I get paid based on the success of the deal. are you implyingour that yacht brokers get paid for no reason? because that's what your comment implies... let me make it very clear to you, not all yacht brokers are the same, there are some that work very hard to produce sales. it's very easy to say in hindsight that a broker wasn't needed but I spend every waking hour of my day focused on yachts. NOBODY can out negotiate me. the best you could ever hope to do is meet me halfway. that's how I EARN my commission. I want you to read that again because every time I walk through a marina everybody on every single boat says hello to me and tells me the industry goodie because that's part of the job. IDK what you do but I can guarantee that I work harder than you. If you don't believe me I'll prove it to you.
What is a M.O.A.?
Do billionaires make a profit on super yachts? I.E, is a super yacht a good financial investment?
Depends if they build one cheaply with a factory and then resell it for a profit. Yachts can be great ways to network and make business deals but the asset itself does not typically appreciate in value.
@@MrYachts thanks for the response
sounds like if you're not going to be on it everyday, just rent one
you can do that too. you can also rent girls, jets, cars and homes. But some people like to have their own that nobody else uses.
watching this as if imma buy one in this life time tf
If you like boats and don't know how to generate the money to buy one then maybe you should look into working in the industry!
@@MrYachts bro im in maritime right know acually im looking for jobs a deckhand
Lose the sunglasses it undermines your credibility
is that so? I'm pretty sure I know just as much with or without them. 🤣