Go Back  The Hull Truth - Boating and Fishing Forum > BOATING FORUMS > The Boating Forum
Reload this Page >

Freeman Boats purchase makes financial sense

Notices
Like Tree392Likes

Freeman Boats purchase makes financial sense

Old 03-28-2019, 10:24 AM
  #41  
Senior MemberCaptains Club Member
 
Join Date: Apr 2007
Location: Miami, FL
Posts: 2,519
Default

Originally Posted by Sarasota Line X View Post
This is why the Freeman is the perfect investment vehicle! You can drive it to your new house and even in the last recession the rich were still buying...
100% false statement. The rich cut out the fat just like everyone else.
Pipo6007 is online now  
Old 03-28-2019, 10:29 AM
  #42  
Senior Member
 
Join Date: Jun 2017
Posts: 103
Default

I just put my deposit down. Thanks for showing me why this was a good idea..
dnh2 likes this.
MonarkBoats is offline  
Old 03-28-2019, 10:29 AM
  #43  
Senior MemberCaptains Club Member
 
Join Date: Apr 2007
Location: Miami, FL
Posts: 2,519
Default

Originally Posted by Perf40 View Post
Look at the photos of LineX and his family on the boat.
Good for him and I am always happy for business owners to make money and be successful that's what this country is all about. Just crazy not to take a clean 200K when its sitting on the table. I would do it every time and retire early.
BCPD199 likes this.
Pipo6007 is online now  
Old 03-28-2019, 10:36 AM
  #44  
Senior MemberCaptains Club Member
Thread Starter
 
Join Date: Jan 2002
Location: Ocean Isle Beach, NC
Posts: 1,611
Default

Originally Posted by Pipo6007 View Post
Good for him and I am always happy for business owners to make money and be successful that's what this country is all about. Just crazy not to take a clean 200K when its sitting on the table. I would do it every time and retire early.

There are many Freeman owners who turn down six figure profits on their boats because they enjoy the great boat and enjoy fishing.
And they know they can get it the next year or two.
Kendall is offline  
Old 03-28-2019, 10:40 AM
  #45  
Senior MemberCaptains Club Member
 
Join Date: Jan 2007
Location: Tampa Florida
Posts: 4,941
Default

Originally Posted by Pipo6007 View Post
100% false statement. The rich cut out the fat just like everyone else.
while agree, but they dont always cut the fat! it really depends if the economy down turn effected them or not. i am not rich by any means, in my line of work, the economy did not really effect me!
Rolandt03 is offline  
Old 03-28-2019, 10:53 AM
  #46  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2014
Location: South Ga
Posts: 144
Default

All I know is I have a close friend who purchased a 37 and two years later sold it for close to 200 grand more. The secret was buying two build slips, spaced out correctly. His next build slip is this October so hes only down for a few months without a boat until the new build begins. So basically 200k of his next build is paid for scott free. If he gets really ansy about a ride, he can use that 200k to buy a "fill in" used mono hull to scratch his itch and turn around and most likely break even on selling the fill in boat after the new Freeman is built. I wouldnt call it an investment plan but a damn solid way to pay for a new boat. .....As long as your pants arent at your ankles when the economy turds out again, youre all good.
bad behavior is offline  
Old 03-28-2019, 10:55 AM
  #47  
Admirals Club Admiral's Club Member
 
Join Date: Feb 2017
Posts: 818
Default

Originally Posted by MacCTD View Post
Skeptical, seems like lots of people buy new high end expensive boats and then sell them less than a year later for the same boat, I think there is some financial stuff going on between the builders and some of these short term "owners" that is not being disclosed to the public.
There is..
joshd472 is offline  
Old 03-28-2019, 10:56 AM
  #48  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2013
Location: Miami, FL
Posts: 1,853
Default

How many Freemans do I have to flip till I have essentially ended up with one for free? Anyone done that math yet?
dnh2 and Muggin Mullet like this.
305seahunter is offline  
Old 03-28-2019, 11:05 AM
  #49  
Admirals Club Admiral's Club Member
 
Join Date: Jul 2014
Location: South Ga
Posts: 144
Default

Originally Posted by 305seahunter View Post
How many Freemans do I have to flip till I have essentially ended up with one for free? Anyone done that math yet?
3, with money on the bank...
bad behavior is offline  
Old 03-28-2019, 11:14 AM
  #50  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2016
Posts: 203
Default

Originally Posted by offroadr View Post
Then recession hits and theories are just that.
Makes financial sense for now until this happens.
ZMAN617 is offline  
Old 03-28-2019, 11:17 AM
  #51  
Senior MemberCaptains Club Member
 
Join Date: Feb 2006
Location: North Texas
Posts: 683
Default

Originally Posted by bad behavior View Post
3, with money on the bank...
assuming that’s correct it would take roughly 10 years to do it if you didn’t buy consecutive build slots....if you bought consecutive build slots your capital outlay would be roughly $2mm(give or take)

10 years ago there was no competition. There is now. The impact of that, along with the economy is to be determined.

Nonetheless.......one of the badest hardcore fishing boats ever built.
bad behavior likes this.
txtightline is offline  
Old 03-28-2019, 11:17 AM
  #52  
Admirals Club Admiral's Club Member
 
Join Date: Dec 2011
Posts: 1,347
Default

If it’s a side effect, I don’t like them as much as I used to.

Last edited by THT Mod 11; 03-28-2019 at 01:05 PM. Reason: removed insult
oldbrowndog is offline  
Old 03-28-2019, 11:24 AM
  #53  
Admirals Club Admiral's Club Member
 
Join Date: Apr 2009
Location: Florida
Posts: 16,840
Default

This thread reminds me of the life lesson regarding the nouveau riche and the real rich. LOL.

Peppered with a bit of bullshit for extra seasoning. LOL.
OldPete is offline  
Old 03-28-2019, 11:24 AM
  #54  
Senior Member
 
Join Date: May 2016
Posts: 256
Default

There is a recession on the way. It will be driven not only by underlying economic markers, but by the media before the 2020 election. Now that the Mueller report is out of the way, the media is going to pivot to the economy. You will then see a chicken and egg phenomenon as to what causes the economic collapse running up to next fall. It will happen and there will be boat owners across the spectrum, from War Eagles to Freemans that are left in a lurch.
Gulf is offline  
Old 03-28-2019, 11:26 AM
  #55  
Admirals Club Admiral's Club Member
 
Join Date: Feb 2017
Location: Ponce Inlet, FL
Posts: 1,359
Default

Im not sure why some get upset about people being proud of what they own here on THT. Freeman, Yellowfin, Yeti, etc. Its their life, their money. Why does it bother some ? It has zero affect on your life. I love seeing these guys posting Freeman build threads. But I guess not everyone can celebrate someones success.
Muggin Mullet is offline  
Old 03-28-2019, 11:29 AM
  #56  
Admirals Club Admiral's Club Member
 
Join Date: May 2013
Location: Clearwater Fl
Posts: 5,281
Default

Kendall seems like the type of guy to yank it while looking himself dead in the mirror.

I feel bad for anyone that feels the need to stroke their ego this much
dcgator, BSpot, C BISHOP and 9 others like this.
linesider 159 is offline  
Old 03-28-2019, 11:32 AM
  #57  
Admirals Club Admiral's Club Member
 
Join Date: Feb 2010
Posts: 843
Default

Originally Posted by Muggin Mullet View Post
Im not sure why some get upset about people being proud of what they own here on THT. Freeman, Yellowfin, Yeti, etc. Its their life, their money. Why does it bother some ? It has zero affect on your life. I love seeing these guys posting Freeman build threads. But I guess not everyone can celebrate someones success.
I think that many people become frustrated that there are apparently THT "influencers" posting things favoring certain brands. That negative comments about certain vendors or brands get deleted while negative comments about other brands or vendors are allowed to go viral. Then there are those who are just negative or bitter in general. But I think any perceived disdain toward the brand being discussed in this thread is based on the former.
Muggin Mullet likes this.
dnh2 is offline  
Old 03-28-2019, 11:40 AM
  #58  
Admirals Club Admiral's Club Member
 
Join Date: Nov 2005
Posts: 871
Default

Originally Posted by oldbrowndog View Post
If it’s a side effect, I don’t like them as much as I used to.
Preexisting condition.

Building the World's Greatest Center Console-Freeman 37VH-Boat finally got Bloody!
dcgator is offline  
Old 03-28-2019, 11:56 AM
  #59  
Formerly AnthemCaptains Club MemberPLEDGER
 
Join Date: Jan 2005
Location: West Palm Beach, FL
Posts: 2,871
Default

Before Kendall receives the THT wrath, he actually is a good and decent guy; spoke to him on the phone a few times where we discussed the 35st, work and family stuff. It is funny, I was a communication major and his post(s) remind me of an editorial you would read in a newspaper. I don't always agree with how he presents things but he speaks his mind and he is entitled to that especially on this forum.

Hope all is well Kendall...please tell me you are using that beautiful Freeman of yours more often as last time work had the best of you.

Cheers!
johndoe031181 and Gulf like this.
LivingWaters22 is offline  
Old 03-28-2019, 12:06 PM
  #60  
Admirals Club Admiral's Club Member
 
Join Date: Jun 2012
Location: Sanford, Fl
Posts: 3,063
Default

How much of the backlog is from new clients or just repeat buyers?
J Lightning is offline  

Thread Tools
Search this Thread