So you've passed the litmus test that was Part 1. This is what you want. I hope you're already in the marina management/ownership industry because this is a business and you need knowledge of the business to run it better than the last owner. The clothes fit, but do they look good on you? .
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Buying a Dark Marina – Part 1 of 4
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Posted by John Simpson
It's no secret that we're starting to see some dark marinas become available for investors. The term "dark" is a real estate term used to describe an empty property. The current news hot button for this word is "shuttered", although it's usually applied to a business. Since marinas have a business aspect, I suppose that's.
Read moreBuying Marinas for 50 cents on the… dollar?
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Posted by John Simpson
Over the past several months, we've been approached by multiple groups that are interested in buying troubled marinas. Their selection and investment patterns differ, but there are several important threads running through each deal. One is buying them for 50 to 60 cents on the dollar. They're willing to pay cash so a deal can.
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