Chartering out your yacht
Basically the bank buys the boat, you put it in charter for 3-5 years, the company manages the bookings and boat maintenance, you get 2-3 weeks a year to sail and if everything goes according to plan the charters pay for the bank loan, management fees and boat maintenance. At the end of the period you get your used boat back. Chartering it out helps pay for the boat and expenses, and we can also charter boats in other Dream Yacht Charter locations, so we get the best of all worlds. In my case, it is my boat and the mortgage is in my name, so if the boat doesn't break even on any given month (there are slow months) I'm writing a check.