There is good news for investors and insightful boat owners!

A Private Equity Yacht Club Membership Program

Marina industry magazines place the current shortage of boat storage slips in the United States at over 500,000…demand is increasing at a rate of more than 100,000 per year. In Midwest markets like Mpls. it has become difficult to even sell a boat over 26’ unless slip is part of the deal. In the State of Wisconsin, many marinas now average rental of $67 (Oshkosh) to $85 (Door County) per slip foot for the summer season. Example; It would cost $3,145 to lease a slip for a 37’ boat for the season. Why rent when you can own for less money while gaining equity?

Private marinas and what little waterfront property is available for permitting is being seized by large corporations for condominium and hotel projects – eliminating or greatly reducing the dockage available for recreational boaters.

In some markets it can easily be several years before one can find a slip. Often a new slip space rental is available only when a renter passes on or moves from the area.

Stringent Federal, State, and local government, plus environmental restrictions and residents living near a project have ceased the creation of new marinas and made it almost impossible for even grand fathered marinas to expand or even dredge.

The number of available boats slips continues to plummet in the US, while the number of new boat registrations continues to increase by an aggregate of 18-20% annually. This problem is projected to continue and worsen in staggering proportions throughout the U.S. well into the foreseeable future.

The answer to these market changes are either ownership of deeded, fee simple boat slips or Equity Yacht Club Memberships. Besides the increase in equity created by supply & demand, there is a tax component. The interest component of the payment would be tax deductible if the loan for the purchase is structured as either a qualifying home equity or second home mortgage. Certain expenses of the common area fees are also deductible making it not only cheaper to own then to rent, but extremely profitable.