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 moreTag Archives: recession
The Dockominium Investment – Part 1 of 3
Comments are closed
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.
Read moreBuying a Dark Marina – Part 4 of 4
Comments are closed
Posted by John Simpson
Time for some fundamentals. The Cents on the Dollar Test As I indicated in Buying Marinas for 50 cents on the... dollar?, this is a risky way to justify an acquisition price. It seems to be used almost universally by those few players interested in buying marinas in today's mortgage-less marina financing environment. Just the other day.
Read more