Swap For Location(s):
Any State, Australia, Cayman Islands, Grenada, New Zealand, Virgin Islands

Will swap for:

Business
Everything Else
Land
Multifamily or Commercial
Residential
Transportation

We are open to virtually all suggestions, whether businesses, homes, commercial or land. If USVI, a boat or yacht is a possibility. We like RV and MH parks as well. I am a Civil Engineer (PE in Tx) and a Registered Professional Land Surveyor (Tx) experienced in Land Development, so land or property that needs developing is interesting to me. Condo conversions are attractive as well. Additional debt is OK only if there is a solid exit strategy.

Description: Great Opportunity for individual or entity who desires rental income or mortgage income, and can include your own home as well. I am the developer of the Waterwheel Resort Condominium in New Braunfels, Texas. The project is located in the heart of New Braunfels, Texas on the banks of the Guadalupe River, and five blocks from Schlitterbahn, Americas' #1 Waterpark. The resort, which is professionally managed, has two pools, three hot tubs, and acres of manicured lawns under large pecan trees. We have completed 82 units, which have been sold. This 9plex is our last building in Phase 1 to be constructed (equity is $500,000). We also have a second mortgage on a completed condo, Unit K302 (2/2, 1,112 sf, third floor) that is included in this swap (equity is $91,900 - my builder owns the unit, which is for sale at http://www.seidelproperties.com/template40/nextpage.asp?mnu=144430 - he could be bought out by paying off the 1st at about $75k). The 9plex is shovel ready and can have a building permit pulled immediately. Our cost for the last four 9plexes was $750,000 per building, and this building should be less (half of the balconies have been constructed). At this cost, final value for the 9plex is $1,532,100, with equity of $282,100 (22.57% ROI on total, 37.6% on construction only). Our condos are very popular, but due to tight lending the market is soft. Buyers want good terms and reasonable down payments, which are difficult to find. Build and rent, or sell offering your own financing and make mortgage income without being a landlord. Live in one or more and rent or sell others! Please email me for a pdf binder that has more data and pics. The economy has been hard on us, and our private lender wants to get paid off (our loan is performing). We are open to all swaps, or even a JV! There is a first mortgage on both assets of $167,151 that must be paid off via the swap. It may be possible that we could move our lender to your property in the swap, but an exit strategy must be available for my lender. We also have a Phase Two project, a proposed 54 unit complex called The Villas at Waterwheel, which we can throw in the mix if an entity wants a bigger project. Please email or call me, David Dye, for more info, at 210-685-9193, david3@dyedvpt.com.

Swap Type:

I can add other assets
I will offer owner financing
downsizing
swap even
upsizing

2-WAY MATCHES: Who WANTS what you have and HAS what you want

1-WAY: View sellers who WANT what you have

1-WAY: View sellers who HAVE what you want