Author: Ted Lewis
What NEED does this meet?
People today are crying about getting taken for their dollar by purchasing homes that are defective. I purchased land back in the 1980s and it’s time to develop it.If you are looking for people who are looking for other avenues of investment, you might want to look at what I’m doing in the Dorchester, MA area.
I have ‘Incorporated in Las Vegas, NV USA, for legal purposes and to show legitimate business Enterprise, with eventual expansion to the Las Vegas area in the future. I am looking to build
Two-two family ‘Condo’ units in the metro-Boston, MA area, on land I own. The units will sell for between $380,000.00 and $400,000.00, price range. These are and will be the state of the art units with many features most modern homes of a higher price range contain. I can do this because I do not have to include the cost of buying the land.
My ‘Business Plan’ is to raise monies that will aid in the procurement of a construction loan: construction is to start this summer,
your monies will go into a protected account and serve as collateral for my construction loan – twelve months, I’m looking for fast sales and pre-construction sales; when the project is sold, the account is closed, you are paid with an earned interest rate of 18% on your principle. This is a contractual Agreement.
I feel the re-payment schedules are straightforward and simple: You invest:
$10,000.00 twelve months or sooner you are paid $11,800.00
$20,000.00 ” ” ” ” ” ” ” $23,600.00
$25,000.00 ” ” ” ” ” ” ” $29,500.00
$30,000.00 ” ” ” ” ” ” ” $35400.00
$50,000.00 ” ” ” ” ” ” ” $59,000.00
$100,000.00 ” ” ” ” ” ” ” $118,000.00
$480,000.00 ” ” ” ” ” ” ” $566,400.00
Your money is never touched, but acts as collateral for the construction load.
Should the project not sell at the advertised prices, and then it is sold at market value and the investors are paid and I absorb the lost.
CEO ‘Living Life At A Different Level’
What is the APPROACH?
The financial backers money is used as collateral for a construction loan. Once the project is built and sold [by Christmas 2006]. all monies are returned as noted in a signed agreement plus 18% interest.
What are the BENEFITS to people?
This is a completely built home with all applicances and finished from basement to top floor: plans can be sent to interested parties, now!
What is the COMPETITION?
People need homes, and they need good homes, now. It has been noted via the newspapers that in the coming year there will be 50,000 new jobs, the inflow of these professional people will drive the home building market crazy.
What BUDGETS & LOGISTICS are required?