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  #11  
Old 03-02-2006, 08:17 PM
mroceanfront mroceanfront is offline
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Join Date: Mar 2006
Location: Myrtle Beach South Carolina
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Default Thanks for the info.

I am interested in speaking with you when you get a minute. I continue to make alot of money in the Myrtle Beach market and am curious to speak with you about this market. It realy sounds like you know what you are talking about.

Sincerly
David O'Connell
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Last edited by GPCD Forum Admin : 03-08-2006 at 08:16 PM.
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  #12  
Old 03-02-2006, 09:55 PM
lddewey lddewey is offline
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Posts: 7
Default Tier one investor - Formula

Have you heard of "The Formula"? Investors can joint venture with them on certain preconstruction projects where you get into contract to purchase. You get a substantial discount when you go with them. Then they will resell during preconstruction stage at list price and share profits with you according to a preset formula. There are other clauses in the contract to secure your discounts. Please let me know if you know these sort of deals.
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  #13  
Old 03-03-2006, 05:52 AM
mroceanfront mroceanfront is offline
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Join Date: Mar 2006
Location: Myrtle Beach South Carolina
Posts: 6
Default Formula Group

I have spoke with them many times and there are somethings I don't believe. I have been doing this for 9 years and have dealt with many investor groups and individual investors. If they go buy 100 units at a discount in the project and can only sell 50 before closing you are stuck closing a unit that doesn't cash flow. There are alot of other groups that claim the same and alot of the things they claim can't be guarenteed due to market conditions and construction lender requirements. I will be glad to speak with you on this. I type slow so please send me a pnone number or call me on my cell anytime after 8am.
Sincerly
David O'Connell
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  #14  
Old 03-03-2006, 10:59 AM
iggyigette iggyigette is offline
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we have approximately 20 preconstructions in El Paso Texas and Horizon City (Suburb of El Paso)...rents for 3/2/2 run around $950-1K.

Fort Bliss, a major army military base has benefited from the Pentagon's Base closures and realignment program - approximately 14K troops will be re-assigned to Fort Bliss bringing their families along and will stimulate the local economy there, in addition to creating a housing/rental demand.

Current NAR appreciation rate in El Paso is 23%, the highest in TX.

http://money.cnn.com/2006/02/14/real...ales/index.htm
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  #15  
Old 03-05-2006, 12:58 PM
vegashighriser vegashighriser is offline
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Join Date: Mar 2006
Location: Las Vegas
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Default

Quote:
Originally Posted by Nouveau Riche Regents Scholar

In case you wanted to know the TOP 3 picks for 2006, 2007..

Notebooks and pens in hand.......

1. San Antonio TX 2006 = 8.3% 2007 7.0 %

2. Jacksonville FL 2006 = 8.1% 2007 2.5 %

3. El Paso TX 2006 = 8.1% 2007 7.1 %


I can see why San Antonio's number 1 - I've been there and it's great. Do you have a link to the original ranking article? Thanks

- Ron Costa
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