The other day I got to thinking about why cap rates go up and down. The typical answer, even for those that know nothing about real estate, is to just think "supply and demand". Today was different because the traditional answer wasn't good enough (maybe it was something I ate:) Let's just think about what's.
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Buying 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.
Read moreSecrets of Reviewing Marina Appraisals – Part 8 of 8
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Posted by John Simpson
Finally we come to the most important part of the marina appraisal - the income approach. Get it wrong here and the appraisal is likely a lost cause. Show Me The Money! 
The first thing I like to do when I'm reviewing the income approach.
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The first thing I like to do when I'm reviewing the income approach.