Hello I put out an ad on craiglists today for anyone looking for a property locater and this is one email i recieved:

I am the owner of a completed subdivision. I am offering $250,000 to anyone who brings me a buyer that closes on the property. The subdivision was appraised in July of 2007 at $9.5 Million retail. I am, however, asking $6.2 Million. The subdivision is located close to the Florida/ Georgia line, in Kingsland, Georgia. There are 96 total lots, 17 of which are on Crooked River with ocean access. All of the roads are paved with curbs and gutters. Water, sewer , electric, cable, and fiber optic lines are also installed to each lot . I will send you pictures, plats, and anything else you may need to give to possible clients. If interested, please call or email me.

Well i'm very new and don't know what are the question i need to ask to find out if it's a good deal of not or if it's even real. The property is in Georgia but i'm in Tampa and i wouldn't know how to handle this. I just started my investors list (of 5 right now but looking for more) and 6.2 million is not in any of their criteria. I also have a couple brokers on my side that have investors they deal with if i find a deal (of course they get a referral fee).

How can i present this to my investors( or if not them ask them if they know of anyone that deals in that ballpark) if the numbers look right and everything check out.

The same with my brokers with the question above.

I will be definitely willing to share the fees because I've learned from another site 50% of something is better than 100% of nothing.

Can someone please let me know if i'm missing something or even if this a waste of time?

wow. These are numbers I've never seen before with regards to referral fees.

__________________
Amber Gaskill
Closings Where You Want-When You Want
Phone (260) 925-2757
Fax (260) 925-1288
Cell 260-908-2206
115 W. 7th Street
Auburn, IN 46706

"Forging a solid partnership with a title provider
who has the skills, experience and capabilities
to deliver customized title solutions provides an
important survival skill in the challenging environment
mortgage professionals face today" quote from NAMB

So Amber what questions do i need to ask(what would you ask?) and how do i find a investor that do deals that big? Do i just call around every where or try to use the investors and brokers that i have to help me and split the profits? PLEASE HELP ME!!!!

I know a developer that does resort stuff that may be interested in a project like this. Not sure how the numbers are though. If it were a house in the city that needed 20k I could tell you quick like. Out of my comfort zone means I call someone that is comfortable there.

__________________
Steven Brown
Cash 4 Houses, LLC
HomeVestors
Mobile, Al
251-366-HOME
steve.brown@homevestors.com

How would i find out if the numbers work on a project of this magnitude?

I shot it to one of my developers just a sec a go and I will keep you posted.

__________________
Steven Brown
Cash 4 Houses, LLC
HomeVestors
Mobile, Al
251-366-HOME
steve.brown@homevestors.com

Thanks Steve!!!

This is beyond me. Really this is all Steve.

__________________
Amber Gaskill
Closings Where You Want-When You Want
Phone (260) 925-2757
Fax (260) 925-1288
Cell 260-908-2206
115 W. 7th Street
Auburn, IN 46706

"Forging a solid partnership with a title provider
who has the skills, experience and capabilities
to deliver customized title solutions provides an
important survival skill in the challenging environment
mortgage professionals face today" quote from NAMB

This sounds eerily familiar....

Hey Jared---does this sound familiar? Wasn't this the same developer/subdivision owner who posted at MB 1 or 2 months ago?

I just got an email back from him, they are stuck in the mountains on developing so not interested. Sorry, I do have another one that I will have to call in the morning. He is a local guy and would not be interested I am sure, but he can tell me how to evaluate it from a cost standpoint.

__________________
Steven Brown
Cash 4 Houses, LLC
HomeVestors
Mobile, Al
251-366-HOME
steve.brown@homevestors.com