All Forum Posts by: Marcia Brown

Hello Everyone, I know the word is that this is not a good market to be building right now; however, I have a great opportunity where I am because of the build up for the incoming troops due to downsizing of military bases. There is approximately 70,000 troops coming into the area and I would like to get in on the craze.

I and my partner would like to build six homes on some property in a very nice subdivision near the base. The housing will be used as rental property and my also be lease options. We have already found a builder who will build the homes for $140K give or take and all the surveys have been completed. After construction prices for the property will be between $160K and $200K depending on square footage.

Please advise if anyone is interested in investing. We will be advertising the homes on the base as well as in the local papers of the closing bases to receive pre-approvals for rentals or buyers.

BTW, Walmart has built two new supercenters and renovated one Walmart into a supercenter that are all within 15 miles of eachother. So I am sure they are conscious of what is going on.

Thanks, Marcia

You have raised some valid points. His credit is not bad. He is in the mid-600s. He has an initial investment of about $600k which he pulled from some family-owned land in S. Carolina. He also have the backing of some very prestigious developers and general contractors who have been in business here in Columbus for some years. As with anyone starting out in this business, he just needs the backing. As I also stated, the land is already purchased by his LLC. I do have a few people that I have spoken with. What he will do is set up a meeting or conference call if out of the area with the banker and attorney for clarification of all issues.

Thanks for your support.

v/r Marcia

I just put up a posting for this. I would really love to find out what the results are...

Marcia

Hello everyone, I have a client who needs six (6) credit partners with a credit score over 700 in an construction project, called Dorsey Estates here in Columbus. Right now, Columbus is booming in real estate because of the base realignment and closure (BRAC) that is to take place here. He has already purchased the land and has a consultation from the engineering company. For the use of your credit he is willing to compensate you $20,000 for a year. He is projecting the development to start in mid-August 2007. The houses in the neighborhood are going for $200K and above. This is my first time getting involved with something like this, so send me the questions. I will try to answer them to the best of my ability and what I can't answer I will get the information for you. If interested, please IM me.

Marcia

Thanks. I'm going downtown in the morning.

Hello experts,

I found this apartment house that is abandoned, with some fire damage to the back of the property. It looks like someone wanted to start repairs, but decided not to. I am asking if burned property is ok to sell. I guess it depends on the extent of the damages, but I am sure that it could be rehabbed if someone bought it. It doesn't look from what I could see inside as if the whole thing needs to be torn down. But any advise or what I should look for would be helpful and much appreciated.

Also, I have a question about connections. I decided today to ask the mail courier to let me know about abandoned properties that he may come in contact with. Is this ok? I just did it on a whelm because he was there answering questions for me. He said ok and I gave him one of my business cards. But I figured if took the bait, it would be a great resource for me and I would pay him a fee. What do you think..

v/r Marcia
Thanks, Marcia

Thanks for the help. I am looking forward to getting started. This is exactly what I needed.

both. I am pretty much bird dogging for both. I want to help them and also see if I anyone in interested in the property in GA.

Anyone please??? At least let me know if I'm out of my ledge. My relative is faxing me the tax info for review...

I really hope so, the land in FL is inherited and they are all in their 70's. No one is planning on moving back there. The neighboring town of Sunny Hills, FL, which is 18miles away is growing at a rapid pace, so I'm not sure if they should sell now. What do they usually do with the land that is in flood zones?
Thanks