***New Years Business Venture Opportunity*** [Potential Big Returns] - TriStateTuners.com :: Home of Tristate Auto Enthusiast

///MpoweredM · 01-02-2007, 10:29 AM

Starting off the New Year, I am looking for someone bright and motivated to partner up with. I would like to establish a new partnership/business venture. This new venture will included but will not be limited to : Acquiring Commercial/Residential Properties, But mostly commercial. New building in both areas, rehab and renovation and finally acquiring foreclosures. I have been doing this for about 4 years now and I also own my own Construction Company so we do all the work and keep the money in-house. I am trying to expand the business for the new years and looking to make quick and larger returns.

The person I am looking for : Must have had recent employment that can be proven
A credit history of 12 Months or more
A checking or savings account
And Finally a credit score 675+

If you are interested you may PM me.

Thanks ~ Art B.

CHAOS · 01-02-2007, 10:36 AM

sounds interesting... can you get me a bit more details?

wrx_snobordr · 01-02-2007, 10:42 AM

I fit all requirements.

///MpoweredM · 01-02-2007, 10:44 AM

Quote:

Originally Posted by wrx_snobordr

I fit all requirements.

PM's Sent.

underpressure02 · 01-02-2007, 10:46 AM

How long will the money be tied up for and what is the potential ROI?

///MpoweredM · 01-02-2007, 10:50 AM

Quote:

Originally Posted by underpressure02

How long will the money be tied up for and what is the potential ROI?

In the last 4 years I have not had money tied up for more than 3-4 Months at a time. I have seen returns from 50-100% on the money and sometimes even more. If I go into a deal I would like 50% Return On Investment at least or I will not go into the deal. I do extensive research on every potential project before purchase.

///MpoweredM · 01-02-2007, 10:53 AM

I am focusing on the Commercial aspect because of where the residential side is right now. Even tho good deals can be made in residential the commercial market is huge and is expanding. New business, expanding business retialers need space and so on. Because lenders are having difficult time with the residential part they have to put the money somewhere, and commercial is where they put it. I have seen as low as 3% interest and average of 4-5% depending on credit history and DTI ratio.

bastid · 01-02-2007, 11:35 AM

What kind of initial capital would be required?

MPowerKai · 01-02-2007, 11:47 AM

Quote:

Originally Posted by bastid

What kind of initial capital would be required?

Yes, I would also like to know the answer to this.

What would be required of this partner besides financial assistance?

I do have employment that can be proven but since I am co-owner can I write the letter of recommendation myself?

///MpoweredM · 01-02-2007, 11:53 AM

Quote:

Originally Posted by MPowerKai

Yes, I would also like to know the answer to this.

What would be required of this partner besides financial assistance?

I do have employment that can be proven but since I am co-owner can I write the letter of recommendation myself?

lol sure you can. Well, to be honest the capital depends on the deals that we can put together. I mean we might not even need our own money in the begining to get established. OPM use the bank with good credit and get capital that way. But I am looking at this one deal right now where its a commerical building in need of rehab and a house for sale right next to it that can be rezoned commercial and you can combine into one Tax lot and build new office space there. Its in a very nice location east access right on the highway and next to a train station. Looks like there are a few people interested, maybe we can establish a partnership with a few people and get the ball rolling. 2 heads are better than one and 3 or more is a pool of knowledge and power.. this could get interesting..

bastid · 01-02-2007, 11:55 AM

Sounds like it could be relatively lucrative. Keep us posted with more details...

///MpoweredM · 01-02-2007, 12:00 PM

Maybe we should all setup a time and get a meeting going.

MPowerKai · 01-02-2007, 12:19 PM

Quote:

Originally Posted by ///MpoweredM

lol sure you can. Well, to be honest the capital depends on the deals that we can put together. I mean we might not even need our own money in the begining to get established. OPM use the bank with good credit and get capital that way. But I am looking at this one deal right now where its a commerical building in need of rehab and a house for sale right next to it that can be rezoned commercial and you can combine into one Tax lot and build new office space there. Its in a very nice location east access right on the highway and next to a train station. Looks like there are a few people interested, maybe we can establish a partnership with a few people and get the ball rolling. 2 heads are better than one and 3 or more is a pool of knowledge and power.. this could get interesting..

Two heads are better than one in most cases, however, it is in my experience more is not always "better" in business.

I would be interested in knowing more though, to this end I wouldn't mind coming down to a meeting to discuss whatever needs to be disclosed.

///MpoweredM · 01-02-2007, 12:25 PM

Quote:

Originally Posted by MPowerKai

Two heads are better than one in most cases, however, it is in my experience more is not always "better" in business.

I would be interested in knowing more though, to this end I wouldn't mind coming down to a meeting to discuss whatever needs to be disclosed.

I also agree with this statement.

So When is a good time for everyone to meet. This coming Saturday?

CHAOS · 01-02-2007, 12:30 PM

i dont have much capital but im interested if the returns are decent... im down for a meeting if its a time and place i can make it to.

///MpoweredM · 01-02-2007, 12:49 PM

Quote:

Originally Posted by chaos311clarity

i dont have much capital but im interested if the returns are decent... im down for a meeting if its a time and place i can make it to.

I think good credit would be the most important because it would allow us to submit a business plan to a bank and get a business loan. I am still thinking of a place and time everyone has to tell me what is good time and where abouts we can meet.

CHAOS · 01-02-2007, 12:58 PM

credit - check. as for a time... im free after 4 everyday... i think im the farthest west out of the people that have shown interest so i have a feeling id be driving a bit... but yea...

bastid · 01-02-2007, 12:58 PM

I'm out of country starting this Saturday, so that's a no go.

CHAOS · 01-02-2007, 01:03 PM

for how long?

andru1313 · 01-02-2007, 01:43 PM

earlier the better on saturday for me..

01-02-2007, 10:29 AM	#1
///MpoweredM Tri-State Addict Join Date: Sep 2006 Member #2572 My Ride: Z4 ///M Coupe iTrader: (0)	*New Years Business Venture Opportunity* [Potential Big Returns] Starting off the New Year, I am looking for someone bright and motivated to partner up with. I would like to establish a new partnership/business venture. This new venture will included but will not be limited to : Acquiring Commercial/Residential Properties, But mostly commercial. New building in both areas, rehab and renovation and finally acquiring foreclosures. I have been doing this for about 4 years now and I also own my own Construction Company so we do all the work and keep the money in-house. I am trying to expand the business for the new years and looking to make quick and larger returns. The person I am looking for : Must have had recent employment that can be proven A credit history of 12 Months or more A checking or savings account And Finally a credit score 675+ If you are interested you may PM me. Thanks ~ Art B. __________________ 2006 E86 ///M Coupe - 2007 E92 335i - 2008 E82 135i - 2008 Toyota Tundra Retired * 2002 BMW 330ci, 2004 Mini Cooper S, 2005 Mini Cooper S, 2006 BMW E90 330i, 2006 BMW E90 325i, 2007 E90 328i *

01-02-2007, 10:42 AM	#3
wrx_snobordr Tri-State Addict Join Date: Dec 2004 Member #21 iTrader: (1)	I fit all requirements. __________________ Stock

01-02-2007, 10:46 AM	#5
underpressure02 Tri-State Post Whore Join Date: Jul 2005 Member #645 iTrader: (0)	How long will the money be tied up for and what is the potential ROI? __________________ To view links or images in signatures your post count must be 10 or greater. You currently have 0 signatures. Northeast Drag Racing Club/Performance Parts Webstore

01-02-2007, 10:53 AM	#7
///MpoweredM Tri-State Addict Join Date: Sep 2006 Member #2572 My Ride: Z4 ///M Coupe iTrader: (0)	I am focusing on the Commercial aspect because of where the residential side is right now. Even tho good deals can be made in residential the commercial market is huge and is expanding. New business, expanding business retialers need space and so on. Because lenders are having difficult time with the residential part they have to put the money somewhere, and commercial is where they put it. I have seen as low as 3% interest and average of 4-5% depending on credit history and DTI ratio. __________________ 2006 E86 ///M Coupe - 2007 E92 335i - 2008 E82 135i - 2008 Toyota Tundra Retired * 2002 BMW 330ci, 2004 Mini Cooper S, 2005 Mini Cooper S, 2006 BMW E90 330i, 2006 BMW E90 325i, 2007 E90 328i *

01-02-2007, 11:35 AM	#8
bastid Tri-State Addict Join Date: Apr 2006 Member #1732 My Ride: 2008 BMW M3 iTrader: (0)	What kind of initial capital would be required? __________________ *2008 BMW ///M3 Coupe: Alpine White on Extended Fox Red Novillo Leather Factory Options:* Premium Package : M-DCT : 19" Alloys : Technology Package : Bi-Xenon : Heated Seats : EDC : Premium Audio : iPod/USB Adapter Modifications: APE Performance S65B40 Air Filter : Fabspeed X-pipe : Remus Race Muffler

01-02-2007, 10:36 AM	#2
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	sounds interesting... can you get me a bit more details?

01-02-2007, 11:55 AM	#11
bastid Tri-State Addict Join Date: Apr 2006 Member #1732 My Ride: 2008 BMW M3 iTrader: (0)	Sounds like it could be relatively lucrative. Keep us posted with more details... __________________ *2008 BMW ///M3 Coupe: Alpine White on Extended Fox Red Novillo Leather Factory Options:* Premium Package : M-DCT : 19" Alloys : Technology Package : Bi-Xenon : Heated Seats : EDC : Premium Audio : iPod/USB Adapter Modifications: APE Performance S65B40 Air Filter : Fabspeed X-pipe : Remus Race Muffler

01-02-2007, 12:00 PM	#12
///MpoweredM Tri-State Addict Join Date: Sep 2006 Member #2572 My Ride: Z4 ///M Coupe iTrader: (0)	Maybe we should all setup a time and get a meeting going. __________________ 2006 E86 ///M Coupe - 2007 E92 335i - 2008 E82 135i - 2008 Toyota Tundra Retired * 2002 BMW 330ci, 2004 Mini Cooper S, 2005 Mini Cooper S, 2006 BMW E90 330i, 2006 BMW E90 325i, 2007 E90 328i *

01-02-2007, 12:30 PM	#15
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	i dont have much capital but im interested if the returns are decent... im down for a meeting if its a time and place i can make it to.

01-02-2007, 12:58 PM	#17
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	credit - check. as for a time... im free after 4 everyday... i think im the farthest west out of the people that have shown interest so i have a feeling id be driving a bit... but yea...

01-02-2007, 01:03 PM	#19
CHAOS TST Ruined My Life! Banned Join Date: Jun 2006 Member #2120 My Ride: 1984 Cadillac Brougham iTrader: (1)	for how long?

01-02-2007, 01:43 PM	#20
andru1313 Tri-State Aficionado Join Date: Aug 2005 Location: with my true love or my Garage which ever is warmer Member #717 My Ride: 2004 VW R32/2006 WW Evo IX MR iTrader: (1)	earlier the better on saturday for me..

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