My buddy and I went in on a boat a few years ago....
He put up 9k
I put up 5k and my mom said I could use whatever her little outboard sold for to buy something else... which was 6k.... so sort of a 3-person ownership.... the money bought us a Supersport nautique (this was 7 years ago).
Well the last two years my buddy and I haven't used the boat more than 4 times a season so we figured it was time to sell and buy again when we have kids or work situations change (we're both just crazy busy lately). We barely used it but my brother would rack up hours like crazy on it, so we were just losing money while he had lots of fun.... it sucked.
... put the boat up for sale and had plenty of people interested, guy was going to come with a cashiers check today but out of nowhere my brother mentioned if we knock the price down $1000 he would buy us out so he could keep a boat around... meaning he would own it with my mother. Sure enough he did, so now my buddy and I get to put money in our pockets and the boat doesn't leave the lift!!!
My brother is 19 now and in college so I know the boat/he won't be leaving for summer for the next 3+ years.
YAHOOO, another summer of boating plus an extra $4k in my pocket!
Hope everyone's season is as good as mine is starting out !!!!