1.We have a buyer2.The buyer wants to buy 1,000 barrels/day in existing production3.Purchase price is $30M4.Our bank will lend 67% or $20M5.We have a Mezz funding source who will deposit the balance of the purchase price of $10M directly into our lending bank6.The Mezz wants to get paid off in 12 months with a 30% profit, so he wants $13M in 12 months7.The whole key to this deal is that the Mezz needs a Forward Takeout Commitment from a legitimate bank or life insurance company for the $13MFour questions, please:1)Can you provide a Forward Takeout Commitment for this situation2)I understand from the information that Gordon sent me that this type of letter costs 1 – 2 points and that is fine3)Will your takeout commitment provider charge anything to underwrite this deal and let us know if they are willing to issue a takeout commitment4)We are working on oil production deals in both the continental USA as well as Canada – are both locations acceptable to your takeout commitment providerI am really hopeful that the answer to 3) is no, because if it is, then we will put a solid production deal in front of you.Let me know – many thanksps.We are also developing several SFR /Modular Dev in Austin TX. (2016).

     Hello Bigger Pockets, I am new to REI and have been lurking on this site, attending local real estate meetings and developing a plan for about a year. 

Or Brian Russell at Russell Development Company. 

In general, most larger developers will want a mix of units, with two-bedrooms being roughly 50% or more of the development.  1BRs would be 20% and 3BRs were 10% or less (per square foot the 1BRs make the most sense, but they are a little harder to rent on the average and have higher turnover).  

OREGON protects the farm land first at all costs then everything comes second.. next is Timber.. job development through development is a distant 3rd

But the biggest advantage to me is access to my property for development.

Developing a strong financial portfolio for my family and having the option of an "early retirement" is a big priority.

As an independent agent you will be responsible for finding and developing your own leads which will take time.  

@Joe DaikerThe Rollover as Business Startup what Mark mentions appropriate if you are looking to personally start a real estate development company and produce current income for yourself.If your goal is to achieve better tax-sheltered growth for your retirement savings by investing in what you know, a passive Solo 401k would be a different approach.  

Charles, so far you have good opinions based on what others experience in their locations, perhaps averages, that's really not where you start to develop a model.