The Buyer's Magic Number Reaching into my magic hat... Presto... we've got the buyer's magic number. No sleight of hand tricks here. The buyer must buy the property for no more than $2,125,000. This is the amount that pays off the seller’s mortgage or assumes it, gives him/her $625,000 in equity at closing and yields 8.
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Recent Posts by John Simpson
Solving the “What’s the Cap Rate” Dilemma – Part 1 of 3
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Posted by John Simpson
Many deals for marina acquisition just don't happen. I'm not just referring to deals in the current recession... I'm addressing all market cycles. "Meetings of the mind" don't happen as much with marinas as they do with other common property types because there are greater perceptions of value differences between sellers and buyers. ![]()
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Read moreJohn Simpson Wins Big Marina Tax Appeal Case!
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Posted by John Simpson
Who says I can't think up catchy headlines? Since it's now a matter of public record, I can now comment on the particulars of a case my marina tax appeal appraisal helped to win. It's the story of the Osprey Point marina in Rock Hall, Maryland and it was for tax year 2007. ![]()
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