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Mailbox Money ShowAuthor: Bronson Hill
Are you looking for ways to grow your income without costing you more time? Many people think that to invest in real estate or other assets, you have to be involved on every level. In the Mailbox Money podcast, we explore new asset classes to invest in as well as tools that will make you a better passive investor. You wont want to miss an episode because theyre packed full of life-changing wisdom from thought leaders. Hit subscribe and prepare to have your financial life changed! Bronson Hill is the host of the Mailbox Money podcast and the founder and CEO of Bronson Equity. Language: en Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Josh Conley - Passively Investing in Marinas
Tuesday, 18 November, 2025
Get my new book: https://bronsonequity.com/fireyourselfDownload my new special report - How to Use Inflation to Your Advantage - www.bronsonequity.com/inflationIn this episode of The Mailbox Money Show, host Bronson Hill and co-host Nate Hambrick dive into one of the most unique—and overlooked—real estate asset classes in the U.S.: marinas. With over 10,000 marinas nationwide and less than 5% consolidated by major operators, this niche offers remarkable opportunities for passive investors seeking strong cash flow, high occupancy, and compelling returns.Joining the show is Josh Conley, COO of New Haven Marinas. Coming from a successful background in oil and gas, Josh now leads operations in a rapidly expanding marina portfolio backed by private equity partners. He grew up around marinas, understands the culture, and now helps investors access an asset class that behaves like “multifamily on the water”—with year-round demand, surprisingly low turnover, and impressive IRRs.Josh shares what makes marina investing so attractive, how it compares to more traditional real estate categories, what risks operators must navigate, and why this sector is poised for significant consolidation and growth.If you're curious about alternative real estate opportunities, want to understand the economics of marinas, or are looking for ways to diversify beyond multifamily and self-storage, this conversation opens the door to a whole new world of mailbox money.TIMESTAMPS00:42 – Season 4 kickoff of the Mailbox Money Show01:16 – Buying insurance contracts as an investment02:38 – Guest Intro: Josh Conley03:36 – Leaving corporate after repeated layoffs04:41 – How Josh entered the oil & gas world05:54 – Transition from oil & gas to buying marinas07:18 – Marinas as “multifamily on the water”08:31 – U.S. marina fragmentation: only 5% consolidated09:28 – Typical slip sizes, occupancy, and pricing10:21 – Evictions and turnover dynamics in marinas12:40 – Why marinas maintain near-100% occupancy13:37 – Underpriced, mom-and-pop marina opportunities16:59 – Typical marina deal structure and leverage17:40 – Cap rates: marinas vs multifamily18:44 – Target returns: 30%+ IRR18:56 – Major risks: weather, flooding, drought22:41 – Marina revenue mix: slips + ancillaries24:36 – Private equity entering the marina space27:39 – Comparing marinas to other niche asset classes33:38 – How to connect with Josh and New Haven Marinas35:03 – Why investors should learn the marina space now36:50 – Final takeaways on high-cash-flow marinasConnect with the Guest:Website: newhavenmarinas.com#MarinaInvesting#AlternativeAssets#CommercialRealEstate#RealEstateInvesting#CashFlowStrategies#PassiveIncome#MarinaOperations
