brian mcneill

brewster, NY (USA)
Role(s):
Founder/Owner/Principal

228 North Quaker Hill Road, LLC

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Location: brewster
Industry: Real Estate
Year Founded: 2009
Number Employees: 1-10 people
Business Stage: Growth (not profitable)
Entity Type: Limited Liability Company
Description: My name is Brian McNeill and am a real estate investor/builder. My business plan is simple. I have engaged in an aggressive mailing campaign and have reached willing homeowners and property owners in Rye, NY willing to sell. I need a partner willing to provide capital for the acquisition of homes or property in Rye, NY 10580. My target area will be nothing but the Rye City school district. After years of research and experience, this is the hottest market in the area. The real estate market in Rye, NY is exploding and has never been affected by the current bad economy. It is the only city in the area where you can successfully spec build a house and have it sold before construction is complete! The average home in Rye, NY sells for about $1mil. I have contacted people in Rye that are willing to sell and my price range is between $700K and $950K for acquisition. We will have a choice to demo entire house and build from scratch or do an extensive rehab project. I have an entire team that I will be working with. An excellent real estate agent, architect, two different building companies (fully bonded and insured), and reliable people in every trade needed to get the job done from A-Z. I have followed the Rye market for about 10 years. I want to branch out and do projects on my own. I need someone who is willing to make big profits and be able to do many projects. Right now I have several people interested in selling their home/property to me. I do not have the capital or a finance partner so I have to wholesale these deals to other builders. I am losing a lot of money because these builders are buying these properties and making a minimum of $500K on every deal. It is very frustrating because I have all the talent and tools at my disposal, but the most important piece of the puzzle is (URL removed)ancing. I am so confident about these opportunities that I am willing to split ALL profits 50-50 with a minimum 15% return. Let's just say we acquire a property for $900K. The rehab costs are $500K, misc. holding fees, taxes, etc. of $80K (high end). Total project cost of: $1,480,000. Sale price of: $2,300,000. Total profit of: $820,000. I am willing to split 50-50. You get $410K and I get $410K. On this same priced deal your minimum guaranteed return would be 15%: $222,000. These are not hard numbers to achieve in Rye, NY. I have been seeing it happen everyday for about 10 years. The easiest way to partner up would be to form an LLC or Corp. when a property is purchased. For example: we purchase 123 Chamberlain St. We would form an LLC such as 123 Chamberlain, LLC and we would be 50-50 partners in the LLC. The purchase and rehab/construction will be done under this LLC. When property is sold, the profits are split and the LLC is dissolved. We would then move on to the next project and repeat the process. It is very important that your decision be sooner than later because many homeowners/property owners are waiting on my decision to buy. I would hate to have to continue to wholesale these deals and watch someone else gobble up the profits. Please reach out to me so we can discuss details and specifics. Your time and consideration in this matter is much appreciated. Brian McNeill (Phone # removed)