Posted by Paul Turner on March 30, 2010 at 10:15:57:
Debt No I do not have debt. I don’t have a line of credit or any loans. Just equity investors. Thanks for your interest.
Start up capital equity or micro lender. - Posted by Paul Turner
Posted by Paul Turner on March 22, 2010 at 19:53:19:
NO brokers or hard money lenders please Principle’s only
Start up capital equity or micro lender. NO brokers or hard money lenders please Principle only
I am looking for an equity investor will offer (25% ROI) on first project or an micro loan investor. I need $109,000 for start up expenses for my company to begin…
Start Up Expenses
This is the largest part and too the best of my knowledge the most accrete list of expenses. Broken down in and arranged order of necessity in the companies operations. That would include Attorney fees, Marketing, Accounting, Properties management companies and Insurances totaling $109,000.00 in start up expenses.
Attorney?s real estate lawyers and Securities and Exchange Commotion (SEC) lawyers. Real estate attorney draw up all the legal documents contracts and also assist in the closing process of real estate by setting agreeable terms for parties involved. The reason being every state have different laws that I and my company MUST abide by to avoid any if not all lawsuits and to protect all parties involved.
The SEC has strict rules in approaching people for funding. The SEC is a federal agency which regulates the sale and trade of securities and similar investments. The SEC protects the general public form solicitations to avoid scams and promote market development. Now to navigate these laws?s that very from state to state I must have a knowledgeable and honest legal advisor in this matter. I estimate $15,000 for these services to start.
Accounting software is a powerful tool in the right hands. I need someone to balance accounts, capital budget, monthly an annually income statement and year end balance sheet for tax purposes. Because my skill set doesn?t apply in these matters per say I need an experienced person or team that can not only check my efforts but to make sure accounts are balanced everybody gets paid fee?s would be $6,000 to start.
Property management companies are vital to the success of these properties that my company is planning to acquire. I can?t be everywhere at once nor would I want to be. Because plunging toilets and collecting rents are to be delegated to experienced property managers. With the right honest and reliable management the properties could produce 10,000+ in profits over time in some cases within 6 months. ($35,000)
Insurances there are two basic insurances that are extremely vital to the success of these properties as well. The first is Casualty insurance and Business Income Loss Insurance.
Casualty insurance is in case the property flooded caught on fire. This insurance would cover all or most in some cases for repairs.
Business income loss insurance covers the properties income do to casualty to the property. For up to 12 months or longer depending on properties condition. The insurance company will fund my company based on the current properties income. So that everybody still gets paid if something happens to the property. ($45,000)
Marketing expenses direct mailing targeted motivated sellers, email, phone calls. To get an endless supply of qualified motivated sellers contacting me with great deals daily to pick throw. Getting a list broker non employee part-time to make the phone calls and mail the letters to sellers and buyers also having a tenant referral program. To give a discount to tenants that bring in new customers (tenants) basically having the tenants ?Bird-dogging? for the company. ($8,000)
Totally and estimated $109,000 for start up expenses for the company.
Paul Turner
biinvestings88@gmail.com
262-605-1377
Biinvesting,LLC
Re: Start up capital equity or micro lender. - Posted by christopher w
Posted by christopher w on March 23, 2010 at 11:33:11:
So you want someone to give you 109K to just get your
business up and running? You are completely out of
touch with reality if you think ANY investor out there
is going to read your posting and even consider it. You
need to go out and get everything on that list of yours
DONE. Then you can approach investors. In addition to
that you have promised a 25% ROI?? Seriously?
Re: Start up capital equity or micro lender. - Posted by Paul Turner
Posted by Paul Turner on March 23, 2010 at 12:30:18:
First I already have a few investors that are ready to fund mu company. The only thing holding me up is the legal documents contracts, PPM and yes up to 25% on the first deal I do witch would be average $500K+ on commercial properties (apartment complex’s, strip mall or office buildings) Cash-flowing The money I’m asking for is to get things rolling.
Re: Start up capital equity or micro lender. - Posted by David
Posted by David on March 25, 2010 at 19:06:39:
This is the funniest post I have seen in a long time asking for money! 109k to get you going LOL If you cant even bank roll your office supplies and legal fees forget about investing. Get real you don’t need that kind of money to do your first deal. Besides I am surprised you didn’t ask for 109,980.42 cents LOL
If you don’t have any cash you should think about working in this business close to someone that does or participate in a few smaller deals. No one is going to hand a person with no experience a million dollar property without working your way up to it. I am not sure who is selling you this pie in the sky but maybe you should find some investors doing smaller deals to start with just to bring reality to your front door step. Its ok to dream big but manage some smaller projects your capable of before you try to bite into something too large that will sink your ship. By the way for the record you can get boiler plate contracts online and have attorneys draw up papers for a couple grand. You can file an LLC for less then 200 bucks in most states online. Information on Articles of Confederation are also available in your local library its under the subject of business law or real estate law. Contract law is also available at the library. There are a lot of things you can do without spending so much money if you serious about getting rolling. Now after you have done some deals and have 20k to 40k in cash ya make sure your positioned with good team members like a secretary or a lawyer or a sales team or even a rehab team or management team. Going after big deals is commendable but I really think your borrowing 109k would be better spent buying your first investment property not on getting going. 109k could buy a nice 4 unit in some metro areas in the Midwest. Start saving cash for your business and get a lender lined up ahead of time whether its banker, hml, rich uncle, or ads for private money in papers. Work on your credit and your savings this shows your serious about your business. The creative stuff we do in real estate is easier to do when we do the things in addition to show we are serious and responsible investors and not fly by night. Having savings and credit or getting credit in better shape as well as getting experience working in the field of real estate will show a lender or private money source your ready to receive there money and return it back to them with a decent return. I advice you to read a little book called Richest Man in Babylon. Just my 2 cents
Re: Start up capital equity or micro lender. - Posted by Paul Turner
Posted by Paul Turner on March 25, 2010 at 20:54:22:
Thank’s but sorry to tell you it did work 
hope everything work’s out for you when the bottom drops. Oh and if you would like to invest in my company for a 15% ROI I’ll give you my contact information
Paul Turner
biinvestings88@gmail.com
BIINVESINGS,LLC
262-605-1377
fax 262-654-9452
Re: Start up capital equity or micro lender. - Posted by christopher w
Posted by christopher w on March 30, 2010 at 10:02:50:
I think what is really funny is that you are excited about borrowing 109K to spend on “start-up expenses”. You don’t have any money coming in and you already have debt service.