Get Group
Screen Name: getgroup
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Points: 15
Nampa, Idaho
United States
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OFFLINE
" LET US BE YOUR INVESTMENT PARTNER "
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My Details
| Investment Type: | Development |
| Wholesale | |
| Commercial | |
| Activity Level: | Full Time |
| Investing Since: | 1975 |
| Reason on REI: | Investor Networking |
| Make Partnerships | |
| Other Website: | www.activerain.com/getgroup |
| Member Since: | 02/22/2008 |
| Last Login: | 02/27/2008 |
Seeking Investors & Real Estate Brokers
Timber Crest was brought to the Management Team of The GET Group LLC in early December of 2007. Timber Crest originally broke ground in 2005 but due to setbacks and underfunding was forced to consider an exit strategy. On January 12, 2008, The GET Group made the decision to form IR Holdings, LLC and enter into contract for the purchase of Timber Crest. This Timber Crest Purchase is comprised of (2) separate development projects.
Timber Crest Countryside Estates - Country Charm
Featuring (35) exclusive, fully furnished fractional ownership residences starting at $99,000. Each home is 3,300 sq. ft., (4) bedroom / 3.5 bath with an office / den; custom kitchen, indoor and outdoor fireplaces, hot tub, BBQ and game room with pool table. Currently, there are (7) of these luxury homes completed with the remaining lots fully permitted, leveled and utilities prepared for remaining construction.
Timber Crest Downtown Suites - Downtown Living
Select from (6) downtown living, fully furnished fractional ownership condos starting at $99,000. Five units are 1,500-1,750 sq. ft., 3 bedroom / 2 bath and (1) unit is 2 bedroom / 2 bath. All downtown condos are equipped with commercial grade stainless appliances, copper claw foot tubs, oversized jetted tub, and custom furniture by local artisans, with state of the art entertainment center office complete with printer / fax. Currently this development project is approximately 95% completed and sits atop a 6,000 sq. ft. commercial facilities capable of being the future home for a restaurant, office / retail store.
Select from (6) downtown living, fully furnished fractional ownership condos starting at $99,000. Five units are 1,500-1,750 sq. ft., 3 bedroom / 2 bath and (1) unit is 2 bedroom / 2 bath. All downtown condos are equipped with commercial grade stainless appliances, copper claw foot tubs, oversized jetted tub, and custom furniture by local artisans, with state of the art entertainment center office complete with printer / fax. Currently this development project is approximately 95% completed and sits atop a 6,000 sq. ft. commercial facilities capable of being the future home for a restaurant, office / retail store.
SHARE REPURCHASE PROGRAM
IR Holdings LLC. Is offering Shares to partners who are Accredited Investors for the purpose of raising capital to complete the construction and sales of the Fractional Sales and Real Estate of Timber Crest Countryside Estates and Timer Crest Downtown Suites. These Shares will be repurchased back by The GET Group LLC, (the managing partners of IR Holdings LLC) for the Share’s original purchase price, plus the returns as indicated below, not to exceed (24) months term.
Investor Purchases:1,000 Shares x $ 50.00 per Share= $ 50,000.00
GET Group LLC repurchases Shares in:
1-12 Months = 25%
13-18 Months = 40%
19-24 Months = 50%
1-12 Months = 25%
13-18 Months = 40%
19-24 Months = 50%
Title will be acquired in the name of IR Holdings LLC, an Idaho Limited Liability Company, transferred thru a licensed and insured title and escrow company.
To learn more, call 866.470.745 xt. 3
Company Profile
The GET Group is a real estate investment and investment advisory company which provides strategic real estate investment planning and the creation of real estate investment programs for individual and institutional investors. We possess and put to use diversified resources offering a broad range of comprehensive real estate services.
The GET Group invests in all types of commercial income-producing real property throughout the United States for its own account, for its investor co-partners and for its advisory and consulting clients. The company's primary focus is the acquisition of real estate assets that display significant value increase potential and attractive cash flow for investors and company-sponsored partnerships. As real estate advisors, The GET Group also advises both domestic and off-shore investors on their real estate acquisitions and portfolio management.
The GET Group will invest its own capital along with its investor co-partners, and structures its partnerships so that if investment targets aren't attained, the Company receives no return on its capital investment, thereby assuring congruity of goals with its investors. The company has sponsored real estate partnerships which have acquired multi-family residential properties, commercial properties, and vacation fractionals. We also specialize in providing suitable exchange properties, including long-term single-tenant net leased properties, to sellers who need to acquire a property to complete a tax-free exchange in accordance with Sec. 1031 of the Internal Revenue Code.
We will be pleased to discuss our history and current real estate investment opportunities with potential investors.
For Information On Our Latest Investment Projects, Please Call 866.470.7453 xt. 3, or email us at getgroupllc@yahoo.com
Our Services
Servicing the Real Estate Needs of Institutional Investors
Today, sound real estate investments are considered highly desirable by portfolio pension fund managers.
At the beginning of the 1980's only about one percent of available pension fund assets had been committed to equity ownership of real estate. However, an increasing number of pension fund managers now recognize real estate as a necessary vehicle for long term investment.
Through a nationwide real estate advisory and acquisition service, The GET Group is able to provide services to both off-shore and domestic institutional investors. We document our findings through extensive studies, including economic projections and studies of market trends in any specific locality.
The GET Group. is developing a national reputation with developers of institutional investment properties, such as prime office buildings, shopping centers with substantial major-credit tenants, and single-tenant net leased properties, as well as multi-family residences and vacation fractionals. Thus, we are in a position to provide institutional clients with quality real estate investment products.
On existing properties, The GET Group provides an institutional client with an evaluation of purchase and financing terms, computerized financial analysis, including rates of return analysis, and appraisal services through our affiliated appraisal firms. After-purchase asset and portfolio management and leasing services are additional services provided by The GET Group where needed.
On proposed developments, The GET Group conducts feasibility studies to establish the functional and financial use of the project, and - if further engaged as a project consultant - is prepared to assume many additional supervisory functions. The GET Group has arranged several successful joint ventures between developers and both U.S. and off-shore institutional financial partners. The GET Group also provides equity investments as joint venture partners with approved developers.
Negotiating Real Estate Acquisitions for Private Investors
Project Development and Consulting Services
The GET Group has special expertise in the successful selection and structuring of real estate investment opportunities for real estate investment groups or syndicates.
Sale and Leaseback Arrangements and Financing
Because The GET Group is accustomed, as a part of its ongoing activities, to analyze and conduct research on properties - examining market values, market trends and regional economic trends in various segments of the nation - our associates are in a position to seek out special situations to meet specific investment requirements.
Once a property has been identified that suits the objectives of an investor, The GET Group conducts a comprehensive analysis, not only from the standpoint of the property as it relates to present income-producing capability, but also in terms of potential for future growth and appreciation.
As an advisor, The GET Group frequently works on the basis of a negotiated fee from its clients. By having the investor pay such a fee, The GET Group is in a position to negotiate the lowest possible price from the seller, on a net basis.
The GET Group receives hundreds of property submissions a month from owners and brokers throughout the country and is able to identify properties which meet specific investor requirements. The GET Group frequently acts as advisor to the purchaser, negotiating the acquisition, and handling all of the acquisition due diligence investigation for the purchaser.
Project Development and Consulting Services
The GET Group undertakes and initiates new development projects on behalf of private or institutional investors - and acts as a consultant/supervisor for the project.
In this function, The GET Group administers all the intricate tasks involved in such an undertaking, supplying the direction, supervision and professional skills required to ensure the success of the development project.
The broad-ranging functions of The GET Group in acting as project consultant or supervisor, are to:
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Initiate a feasibility study to establish highest functional and financial use.
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Prepare an economic analysis to establish budgets.
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Investigate, select and acquire the most suitable location.
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Direct the building program to meet the sponsor's requirements.
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Select the design group, including architects, engineers, space planners, etc. and to negotiate their contracts.
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Direct the design development program.
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Select the general contractor and negotiate the contract.
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Establish the construction budget and schedule.
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Review the selection of subcontractors and the purchase of equipment.
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Establish cost control for design and construction program.
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Establish cash flow requirements.
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Establish leasing and property management programs for the project.
Project management integrates widespread functions vital to the success of any new real estate development. Because of the diversity of the activities involved, it is rare that a single individual has the capacity to function in all these aspects. Hence, The GET Group provides a team of dedicated professionals specializing in each function of the development.
Real Estate Investment Groups
The GET Group has special expertise in the successful selection and structuring of real estate investment opportunities for real estate investment groups or syndicates.
The GET Group has demonstrated its ability to meet the objectives of individual real estate investors by structuring profitable transactions that reflect the sophisticated legal and accounting considerations which are the keystones of a successful venture. One of our most active and growing departments involves the organization and management of investment partnerships or syndications.
Through our team of experienced professionals, The GET Group has the ability to select investment objectives which most adequately fit the needs of an individual investor, group of investors, or institutional investor - whether preservation of capital, potential capital appreciation, or income. Our real estate investment counselors will be pleased to review our prior group-investment projects in order to demonstrate our performance record.
By carefully monitoring trends and economic developments in other regions of the United States, we do not have to limit our transactions to any particular area.
All The GET Group ventures are structured so that the sponsor's principal compensation is earned only after investors have received the return of their original capital contribution, plus a minimum return on their investment. This insures that the venture must be profitable before The GET Group earns its compensation. Thus, the expertise of the sponsor in a group-investment venture becomes a vital intangible in the successful operation of such a venture, and the goals of The GET Group as a group investment sponsor are congruent with those of its individual investor partners.
Sale and Leaseback Arrangements and Financing
A growing form of real estate transaction, particularly favorable to corporate enterprises, because of tax benefits and the release of capital, is the sale/leaseback arrangement.
The GET Group has developed particular skills in negotiating, planning and closing such transactions, offering professional assistance based upon client objectives.
Many types of property are adaptable to such arrangements: commercial or retail buildings and stores; corporate offices and headquarters buildings; research and development facilities; industrial warehouses and manufacturing plants.
For a company desiring to convert illiquid assets into working capital, sale/leaseback arrangements are particularly attractive.
Overall, the benefits of leaseback financing to a property owner are manifold:
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It generates 100% "financing" of business real estate assets.
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There are no restrictions on the use of funds provided by sale/leaseback financing. They may be used for expansion, debt consolidation or reduction, operating capital, or for investment purposes.
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Credit lines with banks, insurance companies or other lenders are generally not disturbed - because negative covenants in borrowing agreements do not usually prevent the debtor from selling and leasing back real estate.
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The net proceeds from the sale of the real estate will appear as an asset on the balance sheet as additional cash (minus provisions for income taxes as a result of any gain on the sale). The net worth of the company is increased on the balance sheet because, in most cases, the equity in real estate realized by a company in a sale/leaseback is greater than the net book value of the property.
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If the transaction is properly structured, the total rent is a deductible item for income tax purposes. This has the effect of deduction non-depreciable land, since the rent includes the right to use the land.
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The seller is assured of the right to occupy the property on a long-term basis on terms which he has negotiated for his benefit. The seller has the use of the property as though he owned it, without having capital invested in it.
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If the transaction is properly structured, capital improvements built by the lessee may be amortized over the period of the lease. Many times this results in an amortization schedule which is faster than what would be available by depreciation if the lessee owned the property.
My Contacts
getgroup has 13 contacts
| Colin | GDGemmer | myloanclosedtoday |
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| ReiMaster | mtodd | Well Done Properties |
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| Jeff_Tumbarello | djfelip | Matt Miller - Content Director |
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| Darren | successfulsolutions | johnnie |
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My Comments
From: successfulsolutions
04/26/2008
04/26/2008
From: bewealthy
02/25/2008
02/25/2008
From: GDGemmer
02/22/2008
02/22/2008
