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All Forum Posts by: Joshua McGowan

Joshua McGowan has started 1 posts and replied 6 times.

Post: What not to say? ad analysis

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6

I have been experimenting with the wording of ads in the promotion of a few properties in Mexico.
Since there is a great debate among buyers as to the security of purchasing real estate in Mexico, especially in my offered region, I want to produce an ad copy that assures the buyer that I realize the risk involved and am not trying to sugar coat any perceived problems that accompany Mexican Real Estate Transactions, my offer specifically.
However I would also like to convey the value of the offering I am promoting.
My question would be how to strike a proper balance between caution and enthusiasm and if I am on the right track.
After all most of the buyers that I obtain will become my neighbors.

I have had the most responses using the following format... PLEASE HOLD NOTHING BACK WHEN ANALYZING THIS AD:

!------ begin ad title------!
______ Acres near "landmark or attraction" - Mayan Riviera
!------ end ad title ------!
!------ begin ad body content ------!
OWN PARADISE FOR PENNIES ON THE DOLLAR!

I know how every deal you read is the ONE! But really, where else in the world does population growth exceed 10% yearly with such consistency. Take for instance Playa Del Carmen, which went from less than 10,000 people, 2 paved roads and a ferry to Cozumel in 1994 to more than 205,000 residents today plus seasonal visitors. Or cancun which has expanded 5 times in the last 35 years. Tulum plans to have a population of 400,000 residents by 2025 and 65,000 homes.
I wrote an opportunity analysis last year, you can find it at the bottom of the listing.

Don't worry, we'll be there all the way until titles become available. We have owned property in Tulum since 1999.

EXECUTIVE SUMMARY OF OFFERING
Asset_id:_________
____ PARCELS; LOT NUMBERS BEING; 1042, 1043, 1069, 1070, ___________, COMBINED SURFACE AREA BEING; 80,000 SQUARE METERS; LEGALLY SITUATED WITHIN THE INCORPORATED AGRICULTURAL TOWNSHIP (EJIDO) OF JOSE MARIA PINO SUAREZ, COUNTY OF TULUM, PREVIOUSLY SOLIDARIDAD, STATE OF QUINTANA ROO, COUNTRY OF MEXICO.

1. The asking price for the offered property is $____________. This works out to roughly $_____________ USD per square meter.

2. Additional External Fees Apply as would in any other offer. Such fees are out of our control and do not relate to our offering specifically.


I took a couple of friends up in a cessna 182 last year to see the whole strip from Playa to Tulum, when we got back there was an eerie silence as I we were driving to a restaurant for lunch, later at the restaurant, I asked them what was wrong. They replied that they were still trying to figure out how many billions of dollars of investments dotted that 35 mile run of jungle.

If you are looking to stretch the value of this offering and don't mind a partnership; I have a very simple concept in which prospective partners can pool resources, economically improve the land with planning, professional marketing material and rudimentary infrastructure. Then when the market is white-hot, sell the subdivided lots to the general public at 75% of the then market price.

!------end ad body content ------!

Post: Multiple tornadoes on the ground in Dallas/Ft Worth

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6

I am waiting to see what happens here in Ardmore. We usually get see various every year here.

Post: leverage

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6
Originally posted by Stephen Masek:
Remember that the lever in leverage pries both ways.
We need to get to an economy and society based on wealth, not debt. The Orange County Register published an article by me on that topic.

Nail on the head. What will happen, hypothetically, once inflation o currency has pushed the small lenders out and the big lenders decide to become landlords instead of empowering the american dream and demand payment on their holdings? My point being the option to demand more than the landlord "enslavement" desire theory.

No conspiracy, just wondering?

Post: Mobile Homes - Rent or Flip?

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6

I have a small 10 unit park here in Ardmore, OK. I created the park, own the trailers and have a not as fortunate aunt of mine passively manage it, she's a neat freak and it works out great! But know I am getting off topic... My scenario looks likes this:

Total cost of investment (start-up) $345,000

Total Monthly Income $7,100

Operational Expense: $(2,575)

Early Pay Rent Incentives $(500)

Gross Monthly Profit: $4,025

Cost of Manager: ($1100)

Earnings before dep. $2,925

(included in my operations is a $50 per unit retained savings fee that I save in an account to help subsidize the cost of unit replacement scheduled @ 7 yrs.)

My model works for me, however, the average cost per unit was $22,000 with transport and setup. Newer 3bd 2bth models picked up at a dealer's auction all at once just north of Houston.

Post: Desktop Scanner Deal

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6

The Neat Desk scanner comes in two sizes, desktop and portable. While the maker tout's the easy to use, advanced capability software, I do not agree. I find the database system to work poorly and to be very unresponsive. However, the scanner is great. So, I simply export the scanned image to my own database where i fill in the accompanying details to the corresponding document. It hardly ever jams and provides the ability to scan both sides at once (desktop version.) I travel to Mexico a lot as well as have two "opportunity agents" on the ground. I have one desktop model in my office there, and each of my agents have a portable model. The portable model is great because it only needs power from the usb cable. This solution has enabled me to view trip expenses, completed analysis and questionaires and more on a near realtime basis, even when I am 2200 miles north in Ardmore, OK!

Clients and Partners love the ability to see a receipt of funds statement or a notarized contract within 24 hrs of origin.

Post: Mexico land of opportunities

Joshua McGowanPosted
  • Real Estate Investor
  • Ardmore, OK
  • Posts 14
  • Votes 6

I have over 100 hectares of Ejido Land that is in the last steps before I get titles, when the city of Tulum was ejido you could buy land for $20,000 per hectare or less, now you can't find undeveloped land for less than $250,000 per hectare. My parcels sit beside Laguna Nopalitos an 18 hole golf course and will be 20km from the new Mayan Riviera International Airport. Tulum is a very safe area for tourist and foreign residents. I need some help putting together a package for American investors. I can offer inhouse, private financing and large commissions for the brokering of deals since I am the sole owner... PLEASE HELP...