All Forum Posts by: Account Closed

Hello @Russell Brazil.  I'v actually been to a few of the CAZA meetups and a Baltimore social hour event for real estate.  I'm still fairly new to the area so I try and make it out when I can.  Are there any other good ones that I should branch out and experience?

@Upen Patel That is right around the corner from me.  My favorite place there so far is Plaka.  It is a good thing knowing that other individuals nearby are also networking out and meeting others as well.  Maybe we'll be able to work together on something in the future.  It's a pleasure meeting you sir.  

Thank you @Renea Steward.  I look forward to continuing to grow as well as connect with others on here.  I find myself more on here vs other medias such as FB and Twitter as this provides actual content we can use and input in our daily lives.  I'm finding the tools that you mentioned very helpful as well and will continue to utilize.  Best wishes on your success as well.  

Here are the current terms we are looking to match or beat.  We are seeking commercial lenders/private investors.  Please no brokers.  Thank you

• 70% or more LTV (current appraisal value $22.5million)
• Interest Rate not to exceed 7.5%
• Term: 4-5 yrs. - Interest Only Payments for first 12 months
• Repayment schedule after Interest Only term amortized schedule 20 yr.
• 100% Equity Secured first position (balance of current land paid off at closing 2.5 million)
• Perfectus is direct owner Agent requiring share agreement to introduce Barons CEO directly with Lender.
• All offers for funding must have initial Terms Sheet.

My name is Richard Hairston. I'm a military brat. I was born in Germany but raised in a small town called Valdosta, GA. I've been in Real Estate since Oct 2009 when I purchased my first home as a rental shortly after getting out of the military (Air Force). I've also done a handful of rehabs and am currently hoping to finish my last one with a partner of mine in Nebraska. I went on to do contracting work overseas in 2011 and have finally settled in VA with my fiancé who is currently still in the military.

During my work abroad, I met my mentor Sean Carroll who I immediately realized was very business savvy and began talking to him.  He opened the first Thai/American real estate company in Thailand back in 2002 and recently asked me if I would like to come on board with him helping him find funding and putting deals together.  Although I wouldn't consider myself an expert in this field, he's doing a good job giving me the tools and information I need in order to get the knowledge he has.  

I have always envied seeing big apartment complexes and developments being created.  I've always told myself I want to get to that point one day and when I do, I'll know I've succeeded in my goals.  For now, I'm just looking to continue working with Sean and assisting him and in the meantime, looking for deals to continue to add to my portfolio such as multi units starting out small and slowly doing more and more.  This is another reason I've decided to join BP because I read a blog about the positive feedback and all the resources they had to offer.  One thing I've come to know is, you can never stop learning and the more you continue to grow, the further you will go.  

We currently have a few offers on the table.  If you're interested, we're only accepting initial terms at this time.  If you have additional questions, please forward them along with your offer as we are trying to narrow down the list of candidates.  Again, thank you all for your interest 

Thank you everyone.  I will send you the Executive Summary of the development along with an information pack of the area and investment.  My partner Sean Carroll is in direct contact with the CEO and Business Manager of the project so I will also include him in the email should you have any specific questions or details you are looking for.  Again thank you for your interest.  

They are also open to Shares, Bonds, Warrants and Debt instruments.

Seeking an investor for a commercial development in Dickinson, N. Dakota (the 2nd fastest growing micro-city in US).  My company (Perfectus) will be acting as the broker consultant and will perform all due diligence to coordinate the performance.  Here is the project brief:

Project Brief

Project: Barons Vista
Location: Dickinson, North Dakota, USA (2nd fastest growing micro-city in US)
Area: 250 acres, Mixed Development
Zoning: Commercial, approved on 6th April 2015

Land Appraisal: "As Approved" US$22.5m
By Sept 2016 - "As Developed" estimated value at $49m

Gross Development Value: US$196m 

Development and Land Cost: US$143mProfit 

before Tax: US$53mEquity Share Value: US$22.5m

Returns on Investment(ROI): 135%

Development Tenure: 4 years

Cash flow and Exit Sales Strategy

1st year(July 2015/Jun 2016) Revenue/Profit: US$6m / $2.5m
2nd year(July 2016/Jun 2017) Revenue/Profit: US$35m / $14m
3rd year(July 2017/Jun 2018) Revenue/Profit: US$58m / $20m
4th year(July 2018/Jun 2019) Revenue/Profit: US$43m / $15m

We have all the relevant documents; Titles, Feasibility Study, Environmental Reports, Cash flow, Schematics, Design, Master plans, etc for due diligence.  For more information please contact me and I will also connect you with Sean Carroll (President Perfectus) who is in direct connection with the CEO of the developer.  Thank you

Seeking a JV partner for a development with high ROI and close to the golf club in upscale part of Pattaya Thailand. If you are familiar with international markets and are interested please contact me for more information and I can set you up with my colleague (Sean) and his team who are located in Lop Buri. If you're interested, send me a message and I can connect you with my colleagues company (Perfectus Real Estate) who specialize in distressed projects. Thailand is a great opportunity and safe to invest. If you're looking for a great investment or to diversify your dollar from the next upcoming crash look no further.