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.
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Buying a Dark Marina – Part 4 of 4
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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 moreBuying a Dark Marina – Part 3 of 4
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Posted by John Simpson
Remember the old stories that date back decades about great prices for land in Florida? They're not making any more land! Get it while it lasts! The problem was it was just swampland. Actually, let me rephrase... the problem wasn't that it was swampland... it was just that the people who bought it didn't do.
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