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birchhaven · 07-01-2010, 01:16 PM

I asked a friend about the marina I thought was doing the perpetual lease, I was wrong or sort of right, it turns out if you buy some land it comes with the perpetual right to lease a slip at a locked in rate. So I guess it is kinda what I thought it was, but you still have to shell out some cash, +-150k for the land and then you get to lease the slip for as long as you own the land. So I guess it depend on your mental state, you get a slip and land for a little more money. I guess it beats buying land and then buying a slip on top of it.

07-01-2010, 01:16 PM	#34
birchhaven Senior Member Join Date: Mar 2009 Posts: 132 Thanks: 14 Thanked 54 Times in 30 Posts	I was wrong I asked a friend about the marina I thought was doing the perpetual lease, I was wrong or sort of right, it turns out if you buy some land it comes with the perpetual right to lease a slip at a locked in rate. So I guess it is kinda what I thought it was, but you still have to shell out some cash, +-150k for the land and then you get to lease the slip for as long as you own the land. So I guess it depend on your mental state, you get a slip and land for a little more money. I guess it beats buying land and then buying a slip on top of it.