“Bitch” Holly said groggily “Wake up, we have to meet the real estate agent at 8:00” Hadley said cheerfully. She was so excited to go apartment hunting with her best friend, she was so happy that they were moving out of their parents houses and in together.“Fiiiiiine” Holly replied hauling herself out of bed. She walked over to her cupboard and pulled out an out fit and disappeared into the bathroom. She came back 20 minutes later ready to go.“Your car or mine?” Holly asked“Um mine I’ll drive” Hadley replied with a smile, Holly looked at her weirdly “What?” she asked self-consciously staring at Holly“You seem weird…like overly happy” she said raising her eyebrow at Hadley.“You’re being silly, come on lets go” Hadley said as she began walking towards her car.At 11 a.m. they had looked at about 12 different apartments some nice and some not so… uh nice. They were beginning to think it was hopeless trying to find a decent apartment on or even near the beach until this one. It was. Michael wants a safe long-term investment. I was only in it to expand into real estate investing."George has been in contact with the landowner. I think if we guarantee him a nice percentage and some upfront capital, he will come into this with us. McKenzie's option would have paid him $8,000,000. He has mortgages totaling over $7,500,000. He made some bad commodity investments and had to come up with a lot of money. He first sold the option to McKenzie five years ago to cover some of the calls. He later borrowed against the land."Next, we have to look at the improvements that will be required to market it as a premier subdivision. George has the handouts. Please look at the proposed cost and the fact that 40% of the land will be used for community areas. That will leave us with 240 acres to subdivide. The lots will average half an acre. That is 480 lots to be marketed at an average of $150,000 each that gives us potential gross revenue of $34,500,000."The cost of the improvements.
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