Save. Lends to yourself by using a loan calculator. Determine hour much you want to borrow and borrow from yourself paying back monthly with interest.
Sunday, September 30, 2012
3 layers of income
Post picks. Back up with facts. Cite sources.
Must have a job. Doesn't mater what it is as long as you live within your means.
Second later is residual income. Create an affiliate web site sitea product you like. Stay focused. The brst is a product review sure for new.
I created a sports related site that focused on the community. Your have to give back. Help a kid. Offest school costs with a donation. Its like siphoning. One your start the flow, it pours in automatically.
Third if the big urea. Not an invention, but, staying within your interests, broker mass produced products.
Wednesday, September 19, 2012
Proposal: 110 West 87th Street
110 West 87th Street, New York, NY 10024
Overview
A 17.5' wide, 5 story townhouse with a 4 story extension and a finished lower level located between
Amsterdam and Columbus Avenues. The property is currently configured as 9 apartments of which 2 are
rent stabilized, 1 rent controlled, and 6 are free market. The apartments consist of 2 ground floor lower
level duplexs, 3 studios, 3 one bedrooms and 1 floor through. Average rents in the townhouse are under
market at $1,529/month.
The house was built by John G. Prague circa 1887 and possesses elements of both Romanesque and
Queen Anne design. Much of the property's original detail has been maintained including fireplaces, the
wooden staircase, high ceilings, and traditional moldings.
All of the rent regulated tenants are tucked away on the top two floors providing a buyer the
opportunity to create a spacious 4 story owner’s apartment. The property is heated by a gas-fired boiler
and is individually metered for gas and electric. 110 West 87th Street lies within the Upper West Side -
Central Park Historic District and is ideal for a buyer seeking a live plus income arrangement.
Investment Plan
Purchase the property for asking price or less ($3.3 is ideal), convert all floors to single floor 2 bed/2
bath condod including the rc/rs apartments on the top floors.
Plan A: offer a buyout package or relocation to the first floor/basement units.
Plan B: Require tenants to pay for upgrades in accordance to the RC/RS laws or
Plan C: Leave as is taking less than ideal profits but perform no renovation, saving up to $350k in
renovation costs.
1
Each luxury renovated condo can sell for up to $1.8 million each (app $900k per bed/bath; $1900k
sqft). Or rent for up to $8k per month (Based on many comps at market rate of $99sqft). Construction,
acquisition and carrying costs capped at $5 million are projected to generate a net return on investment
of at least $2.2 million (44%) in less than 30 months total turnaround time.
Execution Plan
Upon acquisition 360 Agencies LLC will act as owners rep driving the construction schedule, costs and
marketing with the goal of preselling the condos during the construction process based on renderings
and incentives for owner input on choosing fixtures and layout. Marketing shall be conducted in various
International markets as well as New York Times and standard local real estate listings.
In the case that units don’t sell prior to receiving certificate of occupancy, A rental option shall be
executed.
Overview
A 17.5' wide, 5 story townhouse with a 4 story extension and a finished lower level located between
Amsterdam and Columbus Avenues. The property is currently configured as 9 apartments of which 2 are
rent stabilized, 1 rent controlled, and 6 are free market. The apartments consist of 2 ground floor lower
level duplexs, 3 studios, 3 one bedrooms and 1 floor through. Average rents in the townhouse are under
market at $1,529/month.
The house was built by John G. Prague circa 1887 and possesses elements of both Romanesque and
Queen Anne design. Much of the property's original detail has been maintained including fireplaces, the
wooden staircase, high ceilings, and traditional moldings.
All of the rent regulated tenants are tucked away on the top two floors providing a buyer the
opportunity to create a spacious 4 story owner’s apartment. The property is heated by a gas-fired boiler
and is individually metered for gas and electric. 110 West 87th Street lies within the Upper West Side -
Central Park Historic District and is ideal for a buyer seeking a live plus income arrangement.
Investment Plan
Purchase the property for asking price or less ($3.3 is ideal), convert all floors to single floor 2 bed/2
bath condod including the rc/rs apartments on the top floors.
Plan A: offer a buyout package or relocation to the first floor/basement units.
Plan B: Require tenants to pay for upgrades in accordance to the RC/RS laws or
Plan C: Leave as is taking less than ideal profits but perform no renovation, saving up to $350k in
renovation costs.
1
Each luxury renovated condo can sell for up to $1.8 million each (app $900k per bed/bath; $1900k
sqft). Or rent for up to $8k per month (Based on many comps at market rate of $99sqft). Construction,
acquisition and carrying costs capped at $5 million are projected to generate a net return on investment
of at least $2.2 million (44%) in less than 30 months total turnaround time.
Execution Plan
Upon acquisition 360 Agencies LLC will act as owners rep driving the construction schedule, costs and
marketing with the goal of preselling the condos during the construction process based on renderings
and incentives for owner input on choosing fixtures and layout. Marketing shall be conducted in various
International markets as well as New York Times and standard local real estate listings.
In the case that units don’t sell prior to receiving certificate of occupancy, A rental option shall be
executed.
Wednesday, September 12, 2012
Delta Terminal
Here are some more photos of the Delta Terminal during construction. I filled in for the Risk Manager for a week.
Wednesday, August 29, 2012
Experience Points: Freedom Tower
I was blessed enough to have worked on the Freedom Tower, Tower, 2, the transportation Hub and the 9/11 Memorial. Here are some fun pics during my audits.
Wednesday, August 22, 2012
Proposal: Quakertown Development Plan
The attached proposal is my pet project. I am about $4 million off of it being a feasible project. We were heavily relying on grant money from the State but couldn't compete with the political environment to get it done.
This project is ultimately what drove me to take my sports management company public. I can cash out some of my shares and invest for the gap between the investment capital and loans. I believe that this project will more than double in value if I can get it done as is. Basically we are redefining a historic town center.
In all of my travels and work in 49 states and abroad, most towns replicate what Quaketown is all about. They have to make new buildings look historic. Quakertown is a diamond in the rough. I am hoping to self invest in this project in the next few years. See attached.https://docs.google.com/file/d/0Byddf7qXHjDKZXRaT3MxUEhpZHc/edit?usp=sharing
This project is ultimately what drove me to take my sports management company public. I can cash out some of my shares and invest for the gap between the investment capital and loans. I believe that this project will more than double in value if I can get it done as is. Basically we are redefining a historic town center.
In all of my travels and work in 49 states and abroad, most towns replicate what Quaketown is all about. They have to make new buildings look historic. Quakertown is a diamond in the rough. I am hoping to self invest in this project in the next few years. See attached.https://docs.google.com/file/d/0Byddf7qXHjDKZXRaT3MxUEhpZHc/edit?usp=sharing
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