Bertram31.com General Bulletin Board

Re: Condo slip financing?

Posted By: lobsta1 (Al Lupone)
Date: Monday, 7 March 2005, at 12:45 p.m.

In Response To: Re: Condo slip financing? (Ed C.)

Jon, I own my dockominium in Beverly. In Ma. there are NO real estate taxes on a docko. There will be maintenance fees. None of those are tax deductible. Depending on your finances & personal beliefs, you could take out a home equity loan. The interest on that would probably be tax deductible. I think most banks will be a little gun shy about loaning money on a patch of water.

If you are buying privately, do a search at the Registry of Deeds. Also, if you purchase, make sure you get recorded at the Registry.

Al

Messages In This Thread

Condo slip financing?
Jon Wagner -- Sunday, 6 March 2005, at 3:56 p.m.

Re: Condo slip financing?
Tom Annulli -- Sunday, 6 March 2005, at 7:16 p.m.

Re: Condo slip financing?
Jon Wagner -- Sunday, 6 March 2005, at 7:23 p.m.

Re: Condo slip financing?
Ed C. -- Monday, 7 March 2005, at 11:38 a.m.

Re: Condo slip financing?
lobsta1 (Al Lupone) -- Monday, 7 March 2005, at 12:45 p.m.

Re: Condo slip financing?
Jon Wagner -- Monday, 7 March 2005, at 5:09 p.m.