Hi,
I`ve been approached about investing in Land purchase project by Platinum Equities Inc.
www.platinumequities.com
Here`s the proposed deal:
Project is to purchase LAND in 17 Ave and 85 St SW. They pointed out the WEST LRT expansion and North West UTC Ring Road as major contributors to the increase in land value in these areas. They are projecting 25% increase per year over the next 2 yrs. They`re selling $25,000 per unit.
Questions:
1. Anyone have experience or know of this company ?
2. There economic research seems bang on with what we discuss at REIN meetings, any issues with this ?
3. I don`t see any red flags with this deal or this company, do you ?
4. I`m concerned about exit strategies since you really just own units, not the land itself, does anyone have any experience on how to exit in this type of venture ?
I`m doing this as part of my due dilligence. It sounds like any other land investment company like Waltons, Genesis etc. I know of some people who had a hard time exiting with Genesis. At one point, they ask investors to convert there land units into shares of Genesis. Hopefully, some investors in our REIN group have some experiences with Platinum Equities to share ?
Thanks.
I`ve been approached about investing in Land purchase project by Platinum Equities Inc.
www.platinumequities.com
Here`s the proposed deal:
Project is to purchase LAND in 17 Ave and 85 St SW. They pointed out the WEST LRT expansion and North West UTC Ring Road as major contributors to the increase in land value in these areas. They are projecting 25% increase per year over the next 2 yrs. They`re selling $25,000 per unit.
Questions:
1. Anyone have experience or know of this company ?
2. There economic research seems bang on with what we discuss at REIN meetings, any issues with this ?
3. I don`t see any red flags with this deal or this company, do you ?
4. I`m concerned about exit strategies since you really just own units, not the land itself, does anyone have any experience on how to exit in this type of venture ?
I`m doing this as part of my due dilligence. It sounds like any other land investment company like Waltons, Genesis etc. I know of some people who had a hard time exiting with Genesis. At one point, they ask investors to convert there land units into shares of Genesis. Hopefully, some investors in our REIN group have some experiences with Platinum Equities to share ?
Thanks.