All Forum Posts by: Zack Gill

Still wading through my analysis and spreadsheets and working all the assumptions in the different scenarios. One of the main questions I need to nail down is can I get the land i've identified for roughly the cost I've plugged into my scenarios. The owners told me to send them a high level LOI and then we can see whats happens. I believe that to be my next best step to even see if I have a tenative deal to take to the bank. I've run multiple scenarios and am preparing my pitch to the bank and need this last big cost to be somewhat nailed down bc if they come back 100k more than what I thought it was worth then i'd be dead on arrival.

We appreciate you talking with us!!!

I completely understand your logic and on paper seems easy haha. Seems so much harder to actually execute. Just seems like there is a facility on every corner haha. 

@Henry Clark other than just a normal google search of "population of x" town, is there a specific site you use? Latest data for a town i'm seeing is from 2022. 

Any further developments on this project mr Henry?!

Question on that also. Would you stick with the bank  (have kept the communication going with my contact on what i'm working on, high level is 25% in, 9% rate amoritzed 15 currently but I think they would do 20 and also includes construction phase but not sure yet on when it would switch to p&i) and go that route or would bringing in a cash partner (friend/family, have multiple people interested) be something to consider? Could pay cash for everything to get built and lease up to break even and then cash out refi to pay them back and possibly (obviously could be worse too) at a lower interest rate then now.

Got ya. Will have to make mine look more polished then. 

Next question. As I'm in talks with the oil company that currently owns the land, what questions should I find out from them that would help reduce any surprises? I believe it to have been just a staging ground/yard for them and not drilled on. The main question that comes to my mind is if I will need a phase I/II study done on it to cover myself (depending on specific use). Other than that a survey...

Hey @Henry Clark quick question, if I went the route of purchasing the land outright and then having the bank help finance the construction, wouldn't they prob require me to have a professional feasibility study? 

@ronaldrohde I'm checking out your resources on the truck parking possibility. 

One question I'd ask is if anyone has done trailer parking? This is a small town in tx right off a major highway and could be good for tractor trailer parking... Then it could be quite different and just make the gate motorize, move in base and rent to trucks ( yes i get way over simplified), going to look for more resources on that possible route as the required capital would be drastically less for possibly a better ROI.