Success Stories

“I had been looking for a way to move money from my 401K to a Roth IRA without the tax consequences of a conversion. Then I found the “Boat-as-a-Business” model not only allowed me to move $234,750 tax free to my Roth IRA but it has produced a net operating profit for 2013 before any further depreciation was taken…to top it off, I have had ample opportunity, between charters…In fact I’ll be sailing all March 2014 in the Virgin Islands.”

— J. Bateman

“I am very pleased with the Business Yacht Ownership Program. At first, I was very skeptical since it sounded “too good to be true.” So, I engaged my accountant to fully review this program and was very pleased to find that it was based on sound accounting principles. I have used this program and am pleased to say that my tax refund in my first year has allowed me to pay for 2.6 years of financing and operating costs. This has allowed me to purchase my yacht years earlier than I expected. Also, by combining this program with using the yacht in chartering, I am generating enough income to make double my monthly finance payments and thus will own the yacht free and clear when I am ready to exit the charter fleet. I am very pleased by this program and would recommend it to all that it makes sense for.”

— A. J., Centreville, VA

“I wanted to let you know how pleased and excited we are with the purchase of our 40 foot Summerland Fountaine Pajot cruiser named WINE KNOT… last spring we relocated the boat to Marsh Harbor, and placed it in Cruise Abaco fleet owned and operated by Mark and Patti Gonsalves. We had chartered from Mark and Patti the past few years and Mark suggested that we talk so I could better understand the tax and business opportunities with Owning and Chartering a boat. Well after our first year I am very pleased and excited with the results. It is turning into a very nice cash flowing business that allows us to enjoy the boat as well. Thanks for the education and making the purchase of an FP painless and enjoyable. Happy Cruising!”

— F. Kirley