2013 Knee-deep BS thread!
Post Fiend
Joined: Jan 2005
Posts: 26,337
Likes: 12
From: Paradise Found!
I'm gonna be here till I'm dead, so I really don't care about selling it all off. I would much rather lease buildings out and get a nice steady cash flow going. With the companys I've talked with I think a cash flow of 10K a month is very possible in just the first year with the buildings that are already here, and we have a ton of open land to build on later. We have a natural gas pipeling here, three phase power, and fiberoptics cable in place. What the hell more to we need...
Super Moderator
Joined: Dec 2005
Posts: 208,493
Likes: 410
From: Omaha/Elkhorn, NE
I didn't mean what you would make out of selling it, but how long it would take for you to get the return from the leases, and make back your 350K that way. 10K a month would get you that 350K back in a hurry!
Post Fiend
Joined: Jan 2005
Posts: 26,337
Likes: 12
From: Paradise Found!
They would also sell the finished houses, and the unfinished houses also. The rented houses bring in $6,500/ month now, so I can see a 12K cashflow with just the houses.
Combine the two and you could see an easy 25K per month cash flow. Not too bad for a place out in the desert!
Combine the two and you could see an easy 25K per month cash flow. Not too bad for a place out in the desert!
Postmaster
Joined: Jun 2010
Posts: 2,928
Likes: 0
From: Oregon City, Oregon
Good morning Oregon FTE gang and friends.
Morning Don, Pat and Charlie.
I'm going to spend the day puttering around getting a few things done. Mostly, I'm going to take it east and recuperate so I can hit it tomorrow.
Morning Don, Pat and Charlie.
I'm going to spend the day puttering around getting a few things done. Mostly, I'm going to take it east and recuperate so I can hit it tomorrow.
Super Moderator
Joined: Dec 2005
Posts: 208,493
Likes: 410
From: Omaha/Elkhorn, NE
Morning Tiny. Busy day at work for me. Nice to have something to pass the time, though.
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Post Fiend
Joined: Nov 2008
Posts: 23,849
Likes: 20
From: McKenzie River
Postmaster
Joined: Jun 2010
Posts: 2,928
Likes: 0
From: Oregon City, Oregon
It was clear here last night but its cloudy now. A bit of drizzle earlier and a few claps of thunder. Some huge raindrops have fallen... The splat is about 1" in diameter but only about 20 drops in a 1' diameter circle. I'm sure it's the beginning of the rain they have been predicting.
Lead Driver
Joined: Oct 2004
Posts: 8,062
Likes: 35
From: Central Oregon
Morning, in late on here, been up in the shop sense early this morning. Working on getting the red SHO ready to sell and getting the Black SHO ready to drive. Came in to watch the race, but it is on rain delay!!!