Should I ???? <Buy this fixer upper boat>

[Geiger41]

Thinking about buying, fixing, and flipping ??



97 Yamaha Exciter asking $2000 Here is the ad.. ???Boat also has a refurbished title ????

"Yamaha exciter 220 hp exciter jet boat super fast and lots of fun. the one moter needs something in the starting department the other runs great. priced to sell doing some research everything is telling me its a bendix gear about $35 on ebay but the motor has to come out I don't have the equipment of time to do it"

 

[Julian]

Looks like it could be a good deal....but impossible to tell from the photos...

(edited the title to be more specific)

 

[Geiger41]

Im waiting for more pictures and more info.... Im thinking if I got it for $1000 then that's a pretty good number.....not sure what these models are going for nowadays.. Does anyone know.. So even if I got for 1k, put 1k into it...would I get any profit?

 

[txav8r]

Not wanting to be too conservative here...but even considering getting it for $1K is 50% off of his asking price, which is already reduced a good bit. Sweat equity is sweat equity. You can turn a nickel or two on it, but your going to have to get your hands dirty and know what your doing. But it does look like a fun project! Myself, I would consider what the value of my time was worth and put it towards something I could generate that kind of return. If you can generate that with this, then it is a good project. I don't really look at these boats like there is room in them for several middle men, not at that age...but again, I am pretty conservative on these things. And remember, opinions are like assholes...everybody has them, and rarely is everybody right!

 

[Geiger41]

 

[GiddYupJoe]

@geiger41 did you see this post in the other world? 99 exciter, complete rework. It may give you some insight into the work that may be required.

http://yamahajetboaters.com/forum/viewtopic.php?f=224&t=62143&start=0

 

[Geiger41]

Man this one looks like a P.O.S. lol

 

[Julian]

Yeah....she's in poor shape....

 

[Chadrock]

Makes me wonder whatever happened to this project...

http://yamahajetboaters.com/forum/viewtopic.php?f=224&t=37478

 

[cane.mba]

Lot's of dirt and rotted vinyl, makes me wonder what else is hidden. The buckets look like they aren't aligned, so steering cables are probably hosed. Might be a fun project boat to keep and enjoy, not sure I would buy it as a flip project.

@geiger41 I think you'll want the boat to be too perfect before you sell it, and that eats profit.

 

[Geiger41]

Yeah im going to have to pass on this one. Spoke to the guy and he said he cant find anyone who fixes those type of boats so I referred him to a place by me that does all waverunners and jet boats. http://www.jetekperformance.com/#&panel1-1

 

[SCSTWG]

Good call to walk/run away from this deal. In a former life, I had a side business buying and selling used ATV's and if the cosmetics are in terrible shape, it is almost a certainty that the mechanical end is even in worse shape. Many people think they take good care of their equipment because they wash it and make it look good, but completely ignore the mechanical side. When the cosmetic side is ignored, you know they just don't give a crap.