All Forum Posts by: Jay Hinrichs

@Brian Burke   what lakefront if you can share.

Mine was lake wildwood in nevada county.. I put the first mello roos in nevada county 11 million bond issue.. we had 480 lots  built the first 110... all presold ... the earth quake the war and we did not close a one... it took 20 years plus to unwind that deal.. although I was up there last summer and it was all built out  so someone did OK with it.

I have 4 subdivisions going now biggest is 27 lots  so not doing anything major and trying to get in an out in 12 to 18 months but I hear ya.. Been there done that in the exact manner you speak.

@Patrick H.   Awesome job... did you have any holding costs?  I have tied up a few of those homes and backed out just to daunting with the unknowns.. we are just doing new co on vacant lots.  Its a great market with True 15 to 20% nets... which we just don't enjoy in Portlandia with all the competition.   I was at Aiken on Wed.. its great and an anomaly in the south were revitalization is displacing the older low income existing homes and the owners thereof.. nothing like it in the south that I am aware of.

@Jay Newa   if you could send me an e mail to [email protected]  I will send I cannot cut and paste from BP website thank you

@Eduardo Cardena   As Dion States that is pretty aggressive for someone starting out.

The only way that I make those kind of returns is with forced appreciation  IE new builds and leverage.. IE bank financing for new builds to sell to home owners.  I am sure many in the paper business hit these kind of returns .. but someone starting out its probably not realistic.. As you have to realize there are going to be bummers as well as winners. 

There are other methods of investing that can hit these returns but its not by buying NPN.. the incubation time between getting them performing and invested capital creates severe drag on capital invested.

@Karen Margrave   I am on one of my trips to my markets I work in.. and I was just in Charleston looking at our new builds there its Awesome what we have going on.. Its inner city revival at its best.. Can't wait to post our 46 Aiken project

My pleasure although it was not much of a pleasure as I lived through most of those learning curves :) but hey I am here to talk about it and help others if I can

Hey all just a reminder send me an e mail at [email protected] I cannot cut and paste from BP website and I will forward e book ASAP   thank you all for responding it has been overwhelming and I hope you all get some use out of it.

I can't get really any feedback because one needs to be  a pro to post here so that sucks the mods took it off the regular posting page.. I guess I was not clear on rules or whatever but if you want to have a leg up on TK operators please read my E book

@Joel Owens present company excluded form my previous post... you know who I am talking about LOL

@Matt Sauls   Matt send me an e mail at [email protected]  and will be happy to send along this will be a UNBIASED report on how to handle TK sellers... I have nothing to sell unlike other post here where they make a living referring you only to those that pay them.. buyer beware

@Jacob Branch   when you make a post on BP like this you mine as well put a big target on your back

You will soon get in no particular order

1. response from west coast marketing folks stating that they only invest out of state so you should live were you want and invest were it makes sense IE were they make a commission

2. Hey check out this market its hot

3. numerous private e mails from folks pitching there deals.

take it all in with a grain of salt... and be smart remember most on BP that offer anything are doing it for profit not good will or altruism