Could purchasing individual dockominiums be a good cash investment right now? Let's try to exorcise my madness with a little math. So with a simple phone call I get a list of dockominiums for-sale and for-lease. I'll keep the marina name confidential but I will say that it's in an area that has not shown a.
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The Dockominium Investment – Part 2 of 3
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Posted by John Simpson
Back in March I had the opportunity to do a Lexis Nexis search for foreclosed real estate throughout the entire U.S. Using marina as a keyword produced 76 marina dockominiums out of the first 535 records (there were several thousand and I only needed to do a random sample). That's 14.21 percent of all.
Read moreThe Dockominium Investment – Part 1 of 3
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Posted by John Simpson
Various press has stated in no uncertain terms that dockominiums have gone bust as an investment. The focus has been on appreciation. But as yours truly has been fond to point out, selling an investment is only one part of its return. The other is cash flow. So for the heck of it, I'd like.
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