I bought a 40-foot boat for a $1 that has changed my life
Briefly

The 1970 Morgan ketch was sold for $1, with a history of previous owners who also bought it for the same price. After a former owner partially sunk it, another restored it, making it too old to insure. The current owner embraced the boat's dated interiors and restored it with minimal investment. After repairs, the boat was ready for sailing adventures from Oriental, North Carolina, after three months of preparation, reinforcing the idea that a low-cost boat can offer remarkable experiences despite potential hidden costs.
Bill was friends with a couple who had aged out of sailing and needed to get rid of their 1970 40-foot Morgan ketch, and I happened to be in the right place at the right time.
The dated interiors and worn surfaces were just right for us, though. The boat even had the tiny cast-iron wood stove I'd been coveting.
We repainted the interior in sunny golds and oranges, leaning into the 1970s vibe.
We set to scrubbing off a few years of dust and grime. After changing the oil and replacing some filters, she was ready to sail.
Read at Business Insider
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