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Young Entrepreneur Forums » General Business » Looking for Capital/Biz Partners » OwnerFinancedRealty.com / Need Partner(s) Low Start Up



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Old 03-31-2006, 12:32 AM   #1 (permalink)
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OwnerFinancedRealty.com / Need Partner(s) Low Start Up

Hi,
I am a sideline domain investor.

As you may know many people would rather owner finance for various financial reasons.(And this trend is growing fast). And many buyers cannot get traditional financing. This is the basic concept behind this online business. I have registered six domains that basically lock up the main domain(s) chosen for this proposed website. Please visit www.forsalebyowner.com,, to get an idea of the magnitude of this largely untapped online market. I have researched and this is still a wide open market. Plenty of room for several more large companies doing this service.

Start up costs would be relatively low for a turnkey website(s) and initial advertising.

Here is a general description of the business. The site will list real estate, (residential and commercial), available via zip code search. The business will charge the owner a monthly listing fee and percentage of sale. Various levels of service up to full turn key including online electronic screenings of applicants. Much more but this is the general idea abbreviated.

Here are the domains I own. (Collectively they are indeed valuable.)

OwnerFinancedRealty.com (w/D)
OwnerFinanceRealty.com
OwnerfinanceIt.com
OwnerFinancedIt.com (W/D)
OwnerFinanceCommercial.com
OwnerFinancedCommercial.com (W/D)
The way I registered them, (With and without the "D"), basically locked them up.

Remember a great domain name is crucial to a successful online venture like this. And with two major keywords in the domains, they should be very search engine friendly. We only need to get the domain we are using for the website at the top of the search engines to make this thing go off.

I am asking for a reasonable JR equity position in exchange for these domains. The transfer of ownership of the domains to the business can be handled by www.escrow.com. Plus I will work 24/7 to get everything going as soon as possible, and work full time in the business. I am an honest man with a fantastic idea I know will work and make money. We have the whole nation as our area of business. And who knows, later on the UK?

It should be noted that at least one investor I know of, who just heard about my idea, has decided to do this. To be honest it would be hard to come up with a domain more memorable or suited for what I want to do here than what we have here that has not already been registered. There are other websites specializing in owner financing realty, but the market is still wide open as my research has proven to me.

Also, please note, the possible return on this investment is unimaginable if done properly. And relatively quickly. Start up costs about $20,000 for very nice turnkey site ready to go. And plenty of room for site promotion and PPC adverts.

Please note: I Just received a bid of $4500.00 for a full turnkey website from one of the top Web Designers in the country. The work they do is fantastic. Rep said it would be comparable or cosmetically more appealing than forsalebyowner.com , just not as many extra services starting out as we will add these extra revenue generating services as we go along. Heritage Web Solutions. www.heritagewebdesign.com. They will also be doing the web hosting, so adding new services and scripts to the business will be no problem.

They are in the top 2% of web design companies in the country.

This is not a scam or anything like that, but a legit business opp.

If you or anyone you may know is interested in investing in this venture please IM me or email me at jneice287@aol.com
or call 903-522-0371

Thanks,
Ronnie
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Old 04-02-2006, 12:59 AM   #2 (permalink)
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Lightbulb PM Sent

Hello Ron,
I am involved in the domain business/investments as well.
...and also very interested in a real-estate site like you are talking about.

PM Sent!
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Old 04-02-2006, 01:19 AM   #3 (permalink)
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I checked out Heritage Web Design's portfolio and wasn't very impressed to say the least. I would definately contact some other designers. I could make you a site that looks much better than anything Heritage has in their portfolio... I'm not even a web designer, I only work on my own projects and IntenseDebate.com .
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Old 04-02-2006, 01:35 AM   #4 (permalink)
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^yes he brings up a good point.
Heritage's 'folio is not to impressive at all.
I would get some quotes from other co's.
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Old 04-02-2006, 08:58 PM   #5 (permalink)
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Quote:
Originally Posted by JoeyD
^yes he brings up a good point.
Heritage's 'folio is not to impressive at all.
I would get some quotes from other co's.
Well one of the reasons I chose them was because ironically they just finished a for sale by owner site for a guy in Michigan for local sales there.

But I will look around. You input is greatly appreciated.
Thanks,
Ronnie
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Old 04-02-2006, 09:57 PM   #6 (permalink)
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Quote:
Originally Posted by rh287
Well one of the reasons I chose them was because ironically they just finished a for sale by owner site for a guy in Michigan for local sales there.

But I will look around. You input is greatly appreciated.
Thanks,
Ronnie
Yeah, definately look around. You can find much better designers for cheaper than Heritage proposed to you.
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Old 04-02-2006, 09:59 PM   #7 (permalink)
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Forgot to add... Guru.com, allows you to post your project, and people will bid on it. This way you can get a number of quotes, and because they are freelance workers, will usually charge less than a firm.
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Old 04-02-2006, 10:15 PM   #8 (permalink)
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Location: Vernon Hills
How are people ever going to find out about your site?



We only need to get the domain we are using for the website at the top of the search engines to make this thing go off. (Is that it?)

You wil dump all your money into payper click.......and once that runs out......then what?


What makes you any diffrent from buyowner.com? How anout buying YRealstate.com?

GS

www.YLUNCH.com

Last edited by Yurohi; 04-02-2006 at 10:19 PM.
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Old 04-02-2006, 10:58 PM   #9 (permalink)
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Quote:
Originally Posted by Yurohi
How are people ever going to find out about your site?



We only need to get the domain we are using for the website at the top of the search engines to make this thing go off. (Is that it?)

You wil dump all your money into payper click.......and once that runs out......then what?


What makes you any diffrent from buyowner.com? How anout buying YRealstate.com?

GS

www.YLUNCH.com
Well not all adverts online...newpaper ads in select large metros too...banner ads etc...ads in Realty Mags...and I know thats not cheap. And basically we won't be that much differant than forsalebyowner, but a compedator...and maybe in the long run a major compeditor. You never know. And oh, a second round of capital will be needed, how soon I don't know. I am submitting my info to the firm who is going to do my business plan next week.

Last edited by rh287; 04-02-2006 at 11:17 PM.
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Old 04-03-2006, 10:13 AM   #10 (permalink)
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Smile

Why wouldnt I just invest in BUyowner.com?

I see buyowner.com signs up EVERYWHERE.........plus there domain name is MUCH better then the ones you are trying to launch.

Now if you were to say.........I will build 1000 pages, optimise them, and make sure that anytime anyone looks for Realstate Buffalo Grove, or looking to sell a house in a certain area, then I can see something happening, and maybe you can compete with a cheaper solution........

Now tell me what are the keywords you are going to shoot for:

Key Words = what would I type into Google to find your site?

Then tell me what cities you are going to concetrate on when launching (unless you are going to luanch nationally (which I would NOT sugest dooing)

Once you get those.......I can build pages for you $100.00 per page per month (each page is like a fishing pole going for Certain cities, and keywords)

Minimum is 10 pages to start so $1000.00 per month

Here is what I am geting at:

Type in: buffalo grove real estate agent (1.6 million webpages try to place for those terms)
buffalo grove restaurant (1.9 million webpages trying to place......guess how has 2 spots on the front page)

Imagine coming up for (realstate keywords) in EVERY city in America

Now we are talking some serious $$$$$$..........let me know

GS

Last edited by Yurohi; 04-03-2006 at 10:20 AM.
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