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I was reading a recent issue of Robb Report premier travel issue and was looking at some of their featured vacations. What caught my eye was the lease rates a luxury yacht can command. $500,000/week in one instance for a 250 ft. yacht in the Mediterranean. A luxury yacht like this can be picked up for $20 million. If it can be rented out 10 weeks a year for $500k/week, that's $5 million which should more than cover the payments and other expenses. Seems to me like yachts can be a great cash flow investment.
It appears a lot of super wealthy folk own yachts and when they're not using them, they have it leased out. The yacht ends up paying for itself and a liability ends up becoming an asset.
I figure one can use this same strategy for private jets and luxury mansions too.
It appears a lot of super wealthy folk own yachts and when they're not using them, they have it leased out. The yacht ends up paying for itself and a liability ends up becoming an asset.
I figure one can use this same strategy for private jets and luxury mansions too.
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