Jeremy Rogers
Bradenton, FL (USA)
Role(s):
Other
Flat Top Mesa, LLC
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Startup
Location:
Las Vegas
Industry:
Real Estate
Year Founded:
2004
Number Employees:
1-10 people
Description:
I advise to this startup and they have a huge opportunity in their current project. We are looking for funding at about 20 cents on the dollar asking price and the project has huge assets for the price tag. It is situated next to the number one selling community in the US where they are selling between 35-50 homes per month in current market conditions. The 7 year pro forma shows an approximate internal rate of return of 101% annually. The current group controls all the water for not only their project but the surrounding nearly 10,000 acres to be developed. There are significant bondable gravel and gypsum deposits on the property as well. The sale of the water or the gravel and gypsum alone will cover the cost of the project and the 3819 acres would then have nearly a zero cost basis. Not to mention that the developer of the community mentioned above has expressed interest in purchasing 770 acres of the property and that sale of land would cover the cost of the project. Either way their are significant assets to back up the funding request. Everyone talks about buying low and selling high without regard to the investment. In reality very few people have the foresight to take advantage of the current buying opportunities in the marketplace. Buying low does not fell very good at the time but it is how the wealthy become extremely wealthy and the average Joe continues to buy high and sell low.