i'm not sure if this is the correct forum for this type of thing!
what i'm looking for is like minded people that may be interested in a self managed yacht share..
i know they are out there, but bouy!! they are hard to find a place in one.
for me, i would like to spend around 20k for a 1/10 share of a 35-40 ftr.... there abouts.
somewhere on the east coast, syd to whitsundays, maybe on a swing mooring.
anyone interested?
any ideas?

IMO a self managed syndicate of 10 would be horrible. It's too many people and any written agreement cannot cover everything, there is too much potential for disagreement, factional control; and hugely wasted time dealing with so many owners.

I am currently in a syndicate of 4, and was previously in a syndicate of 5. I would not go above 5 unless there was some external management, and that's not the kind of syndicate I like anyway. In a smaller syndicate, I feel like an owner. In a 10 syndicate, I think i'd feel more like just a renter.

My experience with 4 and 5 has been excellent, but even that is not without some extended debate over various issues. You still have to negotiate numerous matters and not everyone will be 100% pleased all of the time. You need to be the type of person who is happy to give and take a bit.

I don't get your vagueness on location. Firstly, I like being close to my yacht where i can enjoy it, even just to tinker about on some maintenance. If you lived in say Sydney, why would you want a 10 share yacht in the Whitsundays? Just go and rent one for a week or two. If you had a small syndicate in the Whitsundays so you could go and spend a month or two up there or move it about, then that could be different.

Consider a smaller private syndicate in a late model production yacht. Something that might be easier to get out of if it doesn't work out. A syndicate of $30k x 5 would get a very very good 35' boat. I'd target a share at $20-40k. I think above $40k in a share is for a very small market.

Contact some of the professional syndicate management companies. At the end of existing syndicates, some members might be looking to roll into a small private syndicate.

Check out some of the boats listed for sale, you never know if an owner might be interested in a syndicate rather than selling the whole boat.

hi hg02
i have seen a few boats around, and there are plenty of cheap ones.
i'm not really after something that would require immediate work..... a couple of good years sailing first would be nice!
the time sharing of weeks would be difficult i guess, but hey.... you never know if you don't give it a shot..
25 shares is probably pushing the boundaries a little, but to be realistic, on average with trying to align holidays with my wife, 2 weeks might be all we get.

hey seabird
i'm glad to see there are others out there that share the same thoughts.... i knew i wasn't alone... (hello, is anybody out there!!)
i've been kicking this bloody idea around for about30yrs... married twice and neither wife is really up for it! (bring on number 3) just kidding.
i cant really blame my wife... i have to take some responsibility for making my dreams come true.

i live in melb,but i think heading north would be a better proposition to sail..

was it a scary thing to actually take the plunge and by your own?

have you got many hrs sailing under your belt now?

Hi Robbospy, I have found www.boatsonline.com.au/ seem to be the best place to go for share boats, they even have a dedicated section for just syndicates.. www.boatsonline.com.au/boats/boat-shares.html

I found a syndicate via boatpoint.com.au with 2 (now 3) members, it has worked well so far. I get plenty of time on the boat. Its a great way to cut costs.

We also use an awesome web based syndicate management software package for self management of the syndicate operation.. allows us to book usage, track expenses and write journals etc. Highly recommended.