KURT HACKMAN

Developer
Overland Park, Kansas

Username: fsbd

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In my own words...

For Sale by Developer specializes in developing and constructing Multi Family Investment communities in emerging markets. With over 30 yrs experience the Partners of F.S.B.D. have built over 900 apartment units , 200 four-plex units and 5 residential Neighborhoods , along with retail shopping centers and office complexes .By selling our communities before we start construction this allows optimal cost savings to the benefit of all parties. Our investors experience monthly cash flow, instant equity, growing markets, strong rental pools, and professional property management, along with pristine development locations and amenities.

Real Estate Experience

We are offering Preconstruction 4 PLEXES (2 STORY, 4 UNITS) located in Lee Mill Heights (zip code 66503) of Manhattan, Kansas. This new development is in a prime location to Fort Riley US Military Base and 1 mile from Kansas State University. With its close proximity to Fort Riley US Military Base and Kansas State University these units will be in high demand.

The Lee Mill Heights development is situated conveniently between Ft. Riley and Kansas State University, Manhattan airport and Colbert Golf Course. A very desirable location for any type of tenant (Military, Student, Employee).

Excellent On-site Property Management in place at 5%/month (industry norm is 10%-12%/month)

The location of this development, Lee Mill Heights is situated at the west end of Manhattan near the main roads (Anderson Ave. & Ft. Riley Blvd) from Fort Riley & Manhattan Regional Airport that lead directly into Manhattan

UPDATE !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Disaster Zone Benefits .... Depreciate up to HALF THE VALUE THE FIRST YEAR !!!!! IRS Rule 4492-A (July 2008)

Update !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Manhattan KS wins N.B.A.F. Facility
Population expected to double in the next 10 to 20 years

Real Estate Goals

We have manufactured a program so everyone walks away from the table with a win-win situation. By using the “buying power ”method and creative ways to market properties we can develop a property for nearly 70% of the normal costs and give that savings back to you!

Here's how it works.

The typical developer builds the properties and then sells them. They usually have a few model homes and have a real estate agent show and sell the properties as they build them. They also sell in “phases” and buy materials for only a few properties at a time. Once a property sells, the real estate agent receives 6%-7% commission from the developer or builder.

For Sale by Developer does it differently by using the “buying power"method. We build the same quality property for LESS money. We sell all the buildings before we start to build the development. This gives us leverage in many different ways.

First, there is less risk for the developer. The developer starts the property knowing that the properties are already sold, so he does not have to sit on a building, wait for it to sell, incur extra interest and fees from the bank.

Second, by us pre-selling properties and building the entire development at one time, we can purchase all the materials in "bulk". We acquire all the materials necessary for construction, carpet, lumber packages, roof trellises, toilets, faucets, cabinets, shingles, doors, windows, siding, insulation, nails, etc. Since we produce such large developments we can go to the manufactures and buy direct. By using the "buying power" method the we can save money and pass those savings on to the investor.

Third, by us not using a real estate agent, we can save the consumer 6-7% in real estate commissions that is typically built into the price of the property. You will once again have more "instant equity" in your property the day you close vs. the guy down the street. Instead of using a real estate agent to represent you, we suggest that you use a real estate attorney to overlook the contracts. The average real estate attorney costs $250-$500.

The average four-plex has 1300-1600 sq ft of living space per unit. Let say for example this property runs about $162,500 per unit or $650,000 per building.

By using our “buying power” method and not paying real estate commissions we can sell the same property for $125,000 per unit or $500,000 per building. This saves the consumer $37,000 per unit or $150,000 per building!

We have been asked “Why would you sell the property for less and make less money, if you can build the home cheaper, and sell it for full price?” Simply put "We want to become the Sam Walton of Real Estate", and with the "buying power" method we believe this will become the standard of the real estate investing future.

These properties are an investors dream come true! How many people get to purchase a new investment property with 20%-25% in "instant equity" the day they close? Bottom line it's a win-win situation for everyone.

We look forward to building your next investment property and a long term relationship.