I didn’t want to go searching for the thread where I intro’d Gandalf.
Anyways, there’s been several meetings with some big money dawgs. The builder that tied up the project is looking for about 5 million in funding for a 23 million dollor project and he’s been shot down several times. Tonite is probably going to be a last chance with a couple more big names.
At this point the best that I’m going to be involved is very little or none at all for various reasons. Gandalf has told me that nothing looks good but if he does arrange the financing, I’d be in line to receive a five figure bird dog fee at the very least, but dont spend it till it happens.
Were continuing our search for a viable project for us. This weekend, we tromped around our own 5 million dollar site that has a +/- 33 million dollar development potential. Gandalf and I had a great weekend up north at our resort property. We are very optimistic about the site that we found and I’ll let Gandalf steer the ship as I learn how to put deals like this togther.
Even if the first big deal fails, we’ve made some new fantastic contacts and I’ve watched how a greedy builder has alienated himself with some powerful allies by trying to keep too much control. He’s shown me how not to act when searching for a big deal.
I’m bringing this up because there are some very capable guys in here that continue to think that they need money to do deals like this. It’s not money that makes deals like this go, it’s ideas.
Ideas are things (Think and Grow Rich, by Napolean Hill). Things are worth money.
Think big. It takes the same effort.