All Forum Posts by: Jamie Vickery

Wildcat Exploration, LLC is a small family owned Oil company located in Glasgow, KY. Many promoters mark their projects up 500%+ which puts the investors at a huge disadvantage. Wildcat Exploration, LLC does not employee salesmen, and does not mark our projects up 500%. Our goal is to give the investors a great precentage for their investment and by doing this we do not need alot of prodution to make a profit. We are drilling 4 wells in Kentucky with the goal to produce multiple formations at the same time. We only accept accredited investors and have investments starting at $12,500. If your looking for tax write offs, great investment oppertunities, and/or honest companies contact us to discuss our plan in depth. Thank you.

My name is Jamie Vickery with Pleasant Oak Properties. We are building 18 4-plexes (72 total residencies) in a gated community with a commons area, play ground, basketball court, area to walk small pets, a water fountain, etc. This will be located in a highly sought out area in Bowling Green KY, the South Warren school district. Our financial projections project 11.7-12.5% ROI annually. This is a Limited partnership and is designed to be very investor friendly! Our engineers put together a 3D video showing what the project will look like when complete (click on link to watch video). We are selling 50 units at $160,000 a unit with a minimum investment being 1/4 unit at $40,000. If you are interested please contact me for more information.

Ray,

I will answer the questions to the best of my abilities.

1.) This is a limited partnership. Pleasant Oak Properties is the parent company, and Pleasant Oaks Limited Partnership is the project. This will be ran as a partnership between Pleasant Oak Properties and the investors in Pleasant Oaks Limited Partnership.

2.) The partnership will be registered with the SEC as a security. We have not registered yet as we have not allowed investors to send checks in yet. Investors will start to sign paperwork and send checks starting Friday or Monday. We are waiting on our engineering company to complete a 3D video that will show what the project will look like once its completed. They told me today it should be done this week. We have many investors already committed waiting on the 3D video. Once we receive the first check we have 10 days to register from that day. However, I guess you could consider this a Syndication type offering since numerus investors will be involved.

3.) We can have up to 35 non-accredited investors. However, we prefer most be accredited.

4.) Ray this is tough to answer at the moment. We have several plans in place. However, this is something we would vote on as a group if/when that time comes. Initially this was put together for long-term ROI. I can also imagine a situation if someone offered us a lot more than we have in it we would sell. This would be a vote amongst the partners. If you wanted out down the road you have the option to sell your interest. First we would offer to the current partners, and then offer to outside investors if the partners do not buy the interest.

I hope this is helpful. If you have any additionally questions feel free to contact me.

The Project is Pleasant Oaks Limited Partnership. The project consist of:

1.) Buying 3-5 acres of land.

2.) Develop the land. (we are in negoitations now to buy land from a developer and he develop the land at a reduced rate)

3.) Build 18 4-plex homes (72 total residencies).

This will be built in a gated community with walking trails, a commons area, a small playground, etc. We want our community to be family friendly. Our program will be built in Bowling Green, KY, the fastest growing city in Kentucky. Similar projects in Bowling Green are being leased before the project is even completed. This will be a true partnership. Every investor will have contact info for each other, a vote on any major decision, etc. We want to be extremely transparent with our partners. When our partners receive a check it will be accompanied with bank statements showing the partners the revenue for each month. Pleasant Oak Properties will keep 20%, and the investors will own 80%. The 20% Pleasant Oak Properties keeps will cover managing the property, insurance on the property, and upkeep of the property. This is why we call the project "Investor Friendly". Investors get 80% and are not billed for operations. The only exception to this is major situations. For example, our homes will be mostly Hardie and may need to be painted once every 5-6 years to keep the property looking nice. We will have a conference call with all partners to discuss and have a vote. If the partners vote to paint the homes the investors will pay 80% and Pleasant Oak Properties will pay 20%. You will not be billed. We will use the money from that months income to complete the job, and the investors will be paid proportionally (based on the % they own) of whats left over.

We are offering 50 units at $160,000 a unit. Our units will be sold in quarters, halves, or full units. Minimum investment is $40,000. We have a +/- 10% clause in our contract. Basically if we go over our budget you would be responsible for the overage (no more than 10% and you will have a copy of every invoice). If we are under budget you will be refunded the difference based on the % you own.

Hey Joshua,

1.) We can have up to 35 Non-Accredited investors.

2.) We should not have an issue selling the 50 units. With my other company (Vickery-Young & Associates) we deal with investors everyday. We have a huge PR company in California currently under contract qualifying investors. We are getting 8-12 new qualified investors a day to which most are very interested. This is obviously a big project with lot of time to fully raise the capital. We plan to build in phases as money comes in. We are meeting with a developer Thursday to discuss land and development on Russellville road. We have 3-4 properties available now that would fit what we need. I would like to stay in the South Warren school district.

3.) This is our first project like this. Thomas and Stephanie Young (My parents and Partners) run a construction crew in Bowling Green and have 22 year experience.

4.) Risk is low. We will carry Builders insurance and Homeowners insurance to protect our investment. Right now our financial projections show 9.3%-11% return annually for the investors.  

5.) Great question. We looked at several types of Multi-Family units and decided 4-plex was the best route overall. We want a good ROI for investors. Townhomes or Duplexes would cost more to build and have less total units overall. We did not want to build 3-4 stories either due to code in Warren County would require a sprinkler system that would cost a lot more initially and would get less monthly rent in the end. We decided 4-plex would be cost effective and would get more a month vs other options. The 4-plex we went with is very nice and around 1366 square foot a unit plus the garage. Based on the current economy in Bowling Green we believe we can easily get $1350-$1400 a month. This will be completely gated with commons area, basketball court, small playground, etc. We want a very nice upscale community.

I hope this answers your questions. If you have any additional questions feel free to write me back and/or call me. If you live in Bowling Green we could meet as well. I live in Bowling Green, but my office is in Glasgow.

The Project is Pleasant Oaks Limited Partnership. The project consist of:

1.) Buying 3-5 acres of land.

2.) Develop the land. (we are in negoitations now to buy land from a developer and he develop the land at a reduced rate)

3.) Build 18 4-plex homes (72 total residencies).

This will be built in a gated community with walking trails, a commons area, a small playground, etc. We want our community to be family friendly. Our program will be built in Bowling Green, KY, the fastest growing city in Kentucky. Similar projects in Bowling Green are being leased before the project is even completed. This will be a true partnership. Every investor will have contact info for each other, a vote on any major decision, etc. We want to be extremely transparent with our partners. When our partners receive a check it will be accompanied with bank statements showing the partners the revenue for each month. Pleasant Oak Properties will keep 20%, and the investors will own 80%. The 20% Pleasant Oak Properties keeps will cover managing the property, insurance on the property, and upkeep of the property. This is why we call the project "Investor Friendly". Investors get 80% and are not billed for operations. The only exception to this is major situations. For example, our homes will be mostly Hardie and may need to be painted once every 5-6 years to keep the property looking nice. We will have a conference call with all partners to discuss and have a vote. If the partners vote to paint the homes the investors will pay 80% and Pleasant Oak Properties will pay 20%. You will not be billed. We will use the money from that months income to complete the job, and the investors will be paid proportionally (based on the % they own) of whats left over.

We are offering 50 units at $160,000 a unit. Our units will be sold in quarters, halves, or full units. Minimum investment is $40,000. We have a +/- 10% clause in our contract. Basically if we go over our budget you would be responsible for the overage (no more than 10% and you will have a copy of every invoice). If we are under budget you will be refunded the difference based on the % you own.