Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Wholesaling
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 11 years ago on . Most recent reply

User Stats

123
Posts
35
Votes
Eddie Starr
  • Specialist
  • fremont, ne
35
Votes |
123
Posts

What can I do with these? Can I wholesale? Lots of help!

Eddie Starr
  • Specialist
  • fremont, ne
Posted

I came across the following items. I really could use help trying to figure out what to do with them:

1] Gold & Silver Mine

FINANCIAL DETAILS
Asking Price: $20,000,000
Gross Revenue: $65,000,000
Cash Flow: $50,000,000

2] RICH AND ABUNDANT GOLD MINE

Asking Price: $40,000,000
Gross Revenue: $50,000,000
Cash Flow: $45,000,000

3] RICH GOLD MINE

FINANCIAL DETAILS
Asking Price: $25,000,000
Gross Revenue: $478,800,000
Cash Flow: $60,000,000

4] Gold & Silver Mine

Asking Price: $7,000,000
Gross Revenue: $50,000,000
Cash Flow: $43,000,000

5] VERY RICH PLACER GOLD MINE ( 80 ACRES )

Seller Financing Available!
Asking Price: $80,000,000
Gross Revenue: $90,000,000
Cash Flow: $85,000,000

I don't mind giving most of what is made off of one, to help make something of it, so that I can work through the others. Besides the mine, this could be a huge new construction deal, making mining towns, and working to be able to make the towns be able to stand, independent of the mines. I think wholesaling them [maybe the ones without seller financing, to get those with?] would be the best, but I don't know how to go about it with items this big. Any help?

Most Popular Reply

User Stats

23,418
Posts
13,508
Votes
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
Votes |
23,418
Posts
Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

I think you've inadvertently stepped into some BS here.

Other than the fact that they are "mines" which has enough red flags, no one would ever sell any asset/business for less than annual "cash flow", let alone less than half.

Loading replies...