Quote:
Originally Posted by Lakesrider
We own at Quayside. Took out an equity line of credit to buy it. My payment is only $700.00 per month plus the $450.00 yearly fee. ($700.00 because we are paying it off faster.) Nice bathrooms, ice machine, pump out etc...
You might think about buying.....Not that I have a slip for sale or anything..... 
Our slip which is a front slip and holds a 30' boat would rent for $4,000 for the season. |
I guess I don't get the economics of buying? At $50K that's 20 years worth of renting without considering the interest paid.
What are the taxes on a slip worth $50K?