LETTER OF INTENT TO PURCHASE THE PROPERTY OF DAVID SOUTER

DFU | 7-23-05 | dfu

[TAdams8591]

This is GREAT. It will be extrememly interesting to see what happens.

[RobFromGa]

need to have something in there about how the property is being purchased in order to promote the public interest through increased tax revenue, as well as the potential to employ 60-100 full-time employees upon completion, as well as bringing significant revenue to the town through the increased tourism to the area that the development will cause.

mispelled INSPECTION

I like it. Illustrating absurdity with the absurd.

[TAdams8591]

That's "extremely."

Glad I misspelled. This post deserves at least another bump!

[Vn_survivor_67-68]

"If he will sell under those terms, we will buy it."

And if the Selectmen come up with different terms, perhaps Freepers will help buy it :)

[upchuck]

After I do the final draft, I am indeed sending this to him. If he will sell under those terms, we will buy it.

Doug, have you or an agent visited 34 Cilley Hill Rd, Weare, NH to see what you're buying?

I was there recently and it ain't much.

[doug from upland]

:) I thought that those who understand real estate would enjoy the subordination clause. And the discount for early payoff.

Here is a little trick for some of you. Very often private parties are in need of cash and will sell off the notes they have at a discount to get their cash now. Let's suppose you know of a $20,000 2nd TD someone holds and you know that owner is about to refinance. Go make an offer of $17,000 or whatever you wish to the holder of the paper. Maybe he will take it. When the refinance is complete, you then get the payoff of $20,000 and have made an easy $3,000.

Trick number 2. A private party holds a $20,000 note at 10% that pays $200 per month, needs his cash, but doesn't want to sell the note at a discount. Give him $10,000 for the note now, and give him the option to repurchase it in the future for that same $10,000. What does that do? He has not had to take the discount, has generated $10,000 in needed cash now, and has given you $200 per month income stream while your $10,000 is at work. Is that a good return?

[TAdams8591]

I believe you misspelled misspelled, LOL!

[doug from upland]

Thanks for catching the typo.

[Deo et Patria]

Hysterical. I'd suggest a postscript:

"YOU HAVE NO CHANCE TO SURVIVE MAKE YOUR TIME."

[Tennessean4Bush]

I absolutely, freaking, love it. How can I help?

[Swanks]

The press should follow Souter around with camera in tow looking for a response from him. Let him be filmed running from the press like the cockroach he is.

[rcrngroup]

You wrote....

Hysterical. I'd suggest a postscript:
"YOU HAVE NO CHANCE TO SURVIVE MAKE YOUR TIME."

I don't understand what the last sentence means?

[doug from upland]

We will have the right of inspection. I understand it is something like 20 acres of land. Is that right?

Can you imagine the value of this land if it is acquired from the justice for 75 grand for a hotel project? We could probably flip it for half a mil.

Imagine the mailbox having FReeperville on it. I kinda like that.

[LRS]

Hehehehehe!


Seriously, I wonder if we can get some one up there to get some publicity by putting up some signs (no trespassing tho'!)? Maybe some "Moving Sale", "Going Out of Business", etc.?

[christie]

Great letter!

If he will sell under those terms, we will buy it.

$75,000 . . . hummm, I bet FReepers would be more than happy to raise the funds! LOL

[El Laton Caliente]

You don't? Then...

ALL YOUR BASES ARE BELONG TO US!!!

;^)

[christie]

Hotel Freeperville. A FReeper retreat in NH. Cool!

[LRS]

What you say !!

[IllumiNaughtyByNature]

Dear David,

Sincerely,

We The People

[tutstar]

ping