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#66765 - 05/18/06 09:24 AM Big Money Investing ?
Allen Offline
Member

Registered: 09/19/05
Posts: 20
Loc: Virginia
Recently a large tract of waterfront land came avaialble in my area. About 1000 acres with around 9000 feet of water frontage. Asking over $20 Million. This is not my listing, but I would sure like to find a buyer. How would I go about finding investors interested in this large of a purchase. This is much larger than anything that I have dealt with before. The property is being marketed as a possible resort area or a subdivision. Any help is greatly appreciated. Thank you.

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#66766 - 05/18/06 10:19 AM Re: Big Money Investing ?
Paul Oaks Offline
Major Contributor

Registered: 06/23/04
Posts: 3370
Loc: Central Illinois
Not meaning to sound too harsh on this but if you have to ask this question your chances of finding a buyer for a 20+M investment property/developement are slim to none. Every commercial agent in the area has already put this out to their contacts and prospects.

How long have you been an agent? Any commercial experience?


 Quote:
Originally posted by Allen:
Recently a large tract of waterfront land came avaialble in my area. About 1000 acres with around 9000 feet of water frontage. Asking over $20 Million. This is not my listing, but I would sure like to find a buyer. How would I go about finding investors interested in this large of a purchase. This is much larger than anything that I have dealt with before. The property is being marketed as a possible resort area or a subdivision. Any help is greatly appreciated. Thank you.
_________________________
Paul Oaks
Oaks Real Estate Group

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#66767 - 05/18/06 10:30 AM Re: Big Money Investing ?
Allen Offline
Member

Registered: 09/19/05
Posts: 20
Loc: Virginia
Thats why I am asking ... I know that I won't get this one but the next time something like this comes up I want to know where to locate these big time investors.


Thanks.

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#66768 - 05/18/06 10:46 AM Re: Big Money Investing ?
Promise Land Offline
Money Mover
Member

Registered: 03/10/05
Posts: 459
Loc: Irvine, CA
Attend several local investment clubs or groups and you should be able to build a circle of business relations.
_________________________
Sean Pham
Phamport, Inc.

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#66769 - 05/19/06 11:25 AM Re: Big Money Investing ?
ST123 Offline
Member

Registered: 09/02/05
Posts: 49
Loc: US
"Attend several local investment clubs or groups and you should be able to build a circle of business relations."


Great Idea!

Here is another one. Learn something about flipping real estate, you can make even more money. Get investors with money to tie up the property then sell it to somebody else (developer etc.)

Here is a site about flipping:

http://www.flippingtraining.com/


Good Luck!

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#66770 - 05/21/06 10:19 PM Re: Big Money Investing ?
openthathouse Offline
Member

Registered: 02/23/06
Posts: 84
Loc: Sacramento, California
Email me the listing please. Also if you do find a investor than please use my services. In the meantime I would like to send this to a couple of contacts and since I dont have a license in FL well if it closes than looks good for you and me.
_________________________
REALTOR in The Sacramento Region.
Loan Consultant Commercial Loans /Hard Money / Venture Capital / Farm Loans
www.openthathouse.com www.goldenbearloan.com

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#66771 - 05/22/06 06:15 AM Re: Big Money Investing ?
Allen Offline
Member

Registered: 09/19/05
Posts: 20
Loc: Virginia
Actually, after doing some research on this property it turns out that the place is over-run with Bald Eagles they have been there for years and years, and being that it is illegal to build anything within 1000 feet of a B E nest I really don't see much happening with this property. haha

Thanks for the help

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