All Forum Posts by: David Klick

Very Well Done.

I, for one, have enjoyed listening to the Podcasts the past 2 weeks I've been here. They have been chalk full of great information.

Keep it up!!!

David

@Mehran K. Thanks! The large scale deal is very exciting. We are making progress every day. Could be breaking ground the end of 2014 if everything continues as it is.

Should things continue to develop, I'll keep you posted for sure.

Would love to touch base with Karen Margrave and get her opinion on the details. Thanks for the information.

We will check the references as described above, before ANY funds are handed over.

All great points and well taken. Thanks for the replies Gents!

@Joel Owens

@Joel Owens What constitutes a bunch of money?

They claim to be a pension fund money group, NOT PPM/Bond stuff.

The JV situation is asking for 25% of the equity stake for life.

There is a 1.5% stake from our end with a 98.5% stake from theirs.

The 1.5% sits in Escrow.

Balloon note then 8% for 10 years

I have been working on a large mix-use commercial opportunity. I have an investment group who is willing to put up 99% of the money for this venture in phases, with 1% being raised by myself in exchange for a JV type situation. OR they will put up 95% and I will have to raise 5% for a 10 year balloon that would then be refinanced into our companies name in 3-5 years.

Who does one go to (My capital raising advisory gent doesn't know I'm asking this!) to raise this kind of money? We are talking $150M per phase roughly.

Anyone have experience here with investors utilizing this kind of dollar amount? I am attempting to make this a build and hold situation, but could be forced to have a build and sell.

Thanks for the thoughts.

David

Was that podcast just today? Wow. Talk about timing and catching it fresh off the burner! Nicely done.

Great stuff you have going on here Brandon. I'll do as you say and get the Keyword Alerts set up. The search button has already been my friend :)

Hello William.

I have been in the Buy and Hold business with real estate on a very small scale in KC for the past several years. I really desire to find a way to grow this.

I was very excited to listen to Podcast #36 recently from BiggerPockets. What a great show. Lot's of nuggets in there for the record book.

Look forward to talking soon and continuing to find ways to expand my love for real estate.

@ Kyler - Are you still active in KC? I'd be curious to meet and discuss what stratagies have been working for you and glean a little of your insight here.

Look forward to getting caught up soon.

Hey Caleb... how goes the house hunting? I'm also in Leawood. Perhaps if you were still interested, we could sit and have a lunch to get acquanted.

Good afternoon.

I just found this site, and thought I should introduce myself and start learning the ropes around here. Or is that the pockets around here? See, I'm already confused! :)

I've been part-timing in real estate for the past 10 years, and recently had the "Ah Ha" moment that I really could do more with my residential business. My profile has additional information as well.

Look forward to talking with lots of you soon and getting my learn'on from you pros.

Cheers,

David