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| | | BabyFodder
Group: Forum Members
Last Login: 12/5/2007 7:27:42 AM
Posts: 2, Visits: 3 |
| We have put together a brief summary of the latest off-plan
Las Vegas development. We can also provide some links for further consideration. For your information, this site was bought last September for $18m and recently
had it re-valued at $43m (documentation available on request).
The team involved in creating this project are formed from the most experienced and respected professional firms in the USA including:-
Turner - Construction
JMA - Architects
Gensler - Architects & Designers
RPA - Landscaping
WRG Design - Civil Engineering
Basically this is an off-plan purchase but unusually we don't
actually have to buy the apartment to make a strong return.
We initially sign up to an option agreement which gives us the
right to either buy the apartment in which case we would get a 10%
discount and the keys when the development is completed, or we can
opt not to buy the apartment and just walk away without doing
anything and make 70% on the deposit.
If we opt to walk away we get an 70% profit on whatever we've put
down as a deposit as long as the apartment has held its value over
the 18-24 month build period. The apartments are valued independently
by CB Richard Ellis.
We are contractually guaranteed to at least receive our deposit
back whatever happens.
If the apartment was to go up significantly over the build period
then we would be better off actually buying it and selling it on, or
renting it out. However, if we want to realize the
investment quickly we can just take the 70% profit subject to the
apartment having held its value.
Its a really good return and is completely hassle and fee free if
we should opt not to buy. If we decide to buy we will be put in
touch with a lawyer, lender and managing agent (as required) and try
and make the purchase and renting out of the property as easy as
possible.
Vegas is the fastest growing US city with 7,000 people a month moving
there, and as it is surrounded by federally owned land that can't be
developed, prices should go on rising quickly for the medium to long
term.
Should we proceed to invest we can expect to receive 70% profit on our proposed minimum $2m investment in July 2009. The only condition is that the apartments hold their value over the build period which should be a given. If the apartments go up in value 30% as expected we could opt to buy some of them and the profits could be much higher as we would be buying at a discount from the original value.
James Richards
Director
www.VogueEstates.com |
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| | | BabyFodder
Group: Forum Members
Last Login: 12/25/2007 4:56:37 AM
Posts: 4, Visits: 100 |
| Executive Summary TheLandSmiths.com (Punjab, India) This is intended only for quick reference. It is qualified entirely with the detailed business plan which can be obtained from Mr. Aps Randhawa - CEO & President for a comprehensive study by prospective investors.
 a) Introduction:
i) The project was conceptualised in year 2006 by the project Promoters - Mr. Aps Randhawa and Mrs. Sushma Randhawa. ii) They established TheLandSmiths.com - a real estate portal to provide the following services in the real estate market of India:
aa) Online services (advertisements through banners, property listing & search, etc.).
bb) Retail management (office and mall space selling) and Logistics (movement of men & material - transport, warehousing & inventory).
cc) Marketing under Sale & Purchase agreement and Joint Venture.
dd) Asset management (investment studies, investment analysis, transaction analysis, creation of land bank, due diligence, etc.).
ee) Liaisoning of projects of developers and builders with government (change of land use - CLU, land acquisition, feasibility study, project management, assessment of property, etc.).
iii) The business model has been tested over the past year.iv) The business contact particulars are:
TheLandSmiths.com b) Capital Required:
USD 1,500,000 (United States Dollar One Million Five Hundred Thousand).
c) Capital Utilisation:
The capital shall be deployed for the start up and working capital for launch of the Head Office in Mohali, Punjab, India and 11 branch offices across the country.
d) Services:
The company shall provide online real estate services with a focus on the market in India
Aps Randhawa. |
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