Well… I never thought that mass picture taking was a profitable model. I went to their presentations and did not “buy” any territories. There is no profit model especially since real estate gets changed, knocked down, etc. Here is the press release. Although they don’t say they are closing their doors exactly, it certainly appears that . . . → Read More: Zaio Appears to Have Imploded
Court Orders Marina to Tear Down Slips OR Don't Build If You Don't Have A Permit!
One of the hardest parts in marina due diligence (appraisal, lending, acquisition) is determining if what you are buying is actually legal. Many would assume that if it exists, then it is legal. NOT SO!
I recently read this article in the Capital Online site, http://www.hometownannapolis.com/cgi-bin/readne/2008/08_25-16/TOP. I don’t know enough about the case to render an opinion. . . . → Read More: Court Orders Marina to Tear Down Slips OR Don't Build If You Don't Have A Permit!