The Lazy Geckos ™ · video

Hva denne videoen dekker

Brittany and Jeremiah, the owners of the yacht Calypso, renegotiated their private boat mortgage with the vessel's former owner, John, during a visit to Kentucky.0:25 The parties extended the existing loan agreement for an additional 18 months, moving away from a previous two-year term and a subsequent three-year extension.11:17 By structuring the transaction as a private note rather than using a traditional marine lender, the owners avoided standard interest rates and fees.13:38 The original purchase of the million-dollar yacht bypassed a traditional boat broker, saving approximately 10% in commission fees by utilizing a maritime attorney in Jacksonville to handle the legal paperwork for a flat fee of roughly $750.13:35 The loan structure adheres to the Applicable Federal Rate (AFR) to ensure tax compliance, with the owners finalizing the paperwork through a local notary.14:23 This arrangement allows the owners to maintain liquidity for a cruising kitty while gradually paying off the vessel.12:10

Mer fra The Lazy Geckos ™

10 Years Aboard and We're Finally Learning How To Relax! - The Lazy Geckos Ep. 365okt. 2026The Captain Put Her to Work - The Lazy Geckos Ep. 364sep. 2026Trying to Motivate The Captain! - The Lazy Geckos Ep. 363sep. 2026Downwind Sailing Never Looked This Good!- - The Lazy Geckos Ep. 362sep. 2026

Fra The Lazy Geckos ™ – se kanalens båt, mannskap og alle analyserte videoer.

The Sailing Directory Newsletter

Én e-post med flåtens beste funn – øyeblikkene, båtene og historiene som er verdt din seertid. Skriv inn din egen adresse for å få din egen kopi.