My humble opinion: On any kind of realistic discounted cash flow basis, the property is probably worth a few hundred thousand dollars US. There are four cabanas and what could be a restaurant that in a good year might generate $75K to a $100K and net at best 10 or $15K. The golf course, such as it is, in a good year might attract a few hundred golfers. The land is bush whose highest and best use is growing marijuana -- otherwise what in the world would you do with it? Run a few head of cattle, cut a little timber? There's nothing nearby other than Maruba Spa and Altun Ha ruins and some shacks. It's on the Old Northern Highway in an area that's mostly swamp and mosquitoes.

--Lan Sluder

Lan, I think you just totally contradicted your analysis of the value of the property based on cash flow with the observation that the property is good for growing marijuana.

ByWarren,
Cash flow analysis is totally based on establishment of a realistic "cash flow" if you cannot confirm cash flow from a cash crop it is not included in the analysis. Can anyone confirm "maryjane cash" if not do not include it in the long term analysis of cash flow. KBG just some thoughts in the PM>

Excellent point. Let me see if I can find similar business tax returns that will give us a basis for accurate analytical comparisons. :rolleyes:

Just a by the by for Peter, so u can get info to put in your bid: http://www.christenson-elms.com

Any info on how the auction went? Did the property sell? If yes, how much?

Tom W.

The auction was canceled :rolleyes: . Call the auction house, they are still taking offers.