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to give you guys a little more background on me without a 1st huge long winded post....

i hold a BBA from Southern Methodist Universtity in Accounting and Finance as well as a Master of Science in Accounting and MIS.

During and after my college years, I have always been involved with real estate as there is nothing else to do in Dallas besides own a restaurant or dig for oil and gas...I was even a securities broker for some time.

speaking of which I have had experience in dealing with Mineral rights and Natural Gas exploration.

I have worked for the "big name" real Estate companies here, and have learned what the big boys do and how to implement those strategies on a smaller scale.

I just hope that I can provide you guys with some more insight not only to how do to stuff and the things to look out for...but to help you all understand all of the relationships and the variables that affect and effect them.

KG

I pretty much have to agree with ryan here....well put my man.

Also, always always always always always always, If you are ever in doubt about ONE deal, line a few more others up and see how they all shake seperately, don't limit yourself to one deal because you will not be able to guage the market or even the quality of the investment at ALL!

and trust me when I say that you would not be loosing out on anything by not jumping on it.

there are always the bigger better out there, you just need to fish em out.

Once you get pretty good at the due dilligence you will be able to pick out the good from the bad in your sleep...just takes experience and you'll get there.

true...i tried it last night and i think it is supposed to be

www.realtydata.com

Is the excec summary for a loan package?

If so, just simply write out the highlights for the project.

i.e. Enclosed, with this summary are detailed schedules, cost estimates and revenue projections for "my big bad *** project name" that is XXX acres featuring XXX Lots that will generate $XXXX over the next X years.

Then go into the size of the lots, how much of a loan you will need for the entire project...how it breaks down per parcel, what the FMV is after build out is, what the bank's LTV rate would be, etc...make it short and to the point...you want to grab their attention not bore them with details...the details should be in your packet.

Maybe highlight the fact that it is contracted to purchase during pre-construction. tell them who the purchaser is and what sort of projects that they have done, etc.

But before you can even write this sort of summary you need to be able to prepare a cash flow projection over the life of the project that can capture all of these variables and to be able to address any and all equity requirements, loan requirements, etc. the last thing you want is for the bank to start asking you questions, you know nothing about...makes them real hestitant in providing a loan, even though it still might be a good deal for them

Hope this helps.

thanks for the warm welcome!

KG :D

developer here...whatcha need??

Hello all,

I have been into Real Estate for most of my life and have been in the profession for the last 8 years...done many things from single family raw development, residential high-rise projects, golf course development, custom and semi custom homebuilding, light to heavy remodeling, flipping, leasing, multi-family development and management, acquisitions of real estate portfolios and companies and so on. Unfortunately my free time isn't spent, reading books and taking long walks on the beach....I have currently found myself consulting real estate companies to build a stronger foundation that can generate growth.

Most of us know what kind of issues rise out of these type projects. So, if there are any questions that I may be able to answer, just feel free to let me know.

We are located in Dallas, Texas and serve the entire DFW metroplex.

Hope to get to know you all!

KG :mrgreen: