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T
the_clockwork
Guest
Razorguns said:
no definately not my career, I am moving out of state and would like to just sit on the land, leasing it out somehow and just letting the value rise until the area is more developed
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no definately not my career, I am moving out of state and would like to just sit on the land, leasing it out somehow and just letting the value rise until the area is more developed
BNG
New member
Water/mineral rights, easements, right-of-ways, surveys, ect. Land is a good investment although look at it as a long term. Just watch that you can cover payments, taxes, ect. while waiting to turn it. If you haven't done it already, make sure there's a contract in place with all participants with the stipulations clearly outlined. When a group makes an investment purchase they all won't have the same idea as to the outcome. If you want to divide your 50 acres into 5 acre ranchettes to appeal to yuppies and the next guy wants to put an office complex on his dirt it will have a drastic effect on each other.
T
the_clockwork
Guest
BNG said:
thank you that is very good advice.. as for the contracts, I will be purchasing the land 100% in my name and then selling the parts to a friend and transfering the deed to his name so it will be 2 sales not really going into one together
T
the_clockwork
Guest
mightymouse69 said:
land where I live is no where close to what you guys probably pay.. I'm from midwest!
bw1
Banned
the_clockwork said:
We do land development. You can take yor money and invest it in a development project:
Here's an example: One of our projects
Say you invest: $500,000
Investor rate: 15%: Annual return Paid monthly, this is paid interest on your money
Closing date: 7/31/07
Borrower: Be*** Gre*** Partners, LP
Guarantors: Be*** Gre*** Partners, LP and Bl** Su***** Development, LLC
Purpose: To provide financing for entitlment of a 12,000-15,000 sf retail center in Or***** CA
Aprraised Value: $4,5000,000 hypothetical value at a 6.5% CAP with $2.00 sf NNN lease
Collateral: The future value of the property and personally guaranteed by Be**** Gre**** Partners, LLP
Investor term: 18 months
Return Reserve: Interest only, paid monthly
Payment Guarantee: All partners of Be**** Gr**** Partners, LP
Min Commitment: $50,000
Exit Strategy: Investor lenders will be repaid once the construction loan is secured
So you can invest in a project like this or set up your land in this scenario (if development is allowed) collect 15% interst on your money monthly, still have you initial investment upon exit which you could 1031 into another project and keep it rolling. You could even take a loan to buy your property at say 10% or so, still be 5% to the good on your investment and right the interest of against your income on your investment.
PM me I'll send you some general info
yonkers weights
Banned
Where is it? Why is it available? What is the price? What was planned there? Why did it not happen? Who owns it now? For how long? What is it zoned for? Can you get it rezoned? Access roads? Overall access? Roads, water, electric, etc...
What are your plans for a site this big?
What are your plans for a site this big?
T
the_clockwork
Guest
yonkers weights said:
lol all thesse questions are answered in my first and 2nd posts
nothings been on it never planned to.. been in a family forever
Grumpy Old Man
Grumpy Old Biker Bastard
I think marijuana zoning would work, that way you can develop people to counsel.
Can you do that? I have a really nice bridge in Brooklyn you might want to consider! It was freshly painted in 1947.
Can you do that? I have a really nice bridge in Brooklyn you might want to consider! It was freshly painted in 1947.
