Do dockominiums meet the requirements for 1031 tax-deferred exchanges?
As rental costs continue to increase, boaters are looking for an acceptable alternative. Wet dockominiums become a home for your boat on the water. Ownership in slips is more than a place to park your boat! Rather than the old saying that BOAT means “break out another thousand”, your dock now becomes an asset. Not only do you own your slip, you have an equally proportional ownership in the management control of the common areas of the marina.
