I have spoken with Josh twice. His Ph # is listed and he answered when I have called. He seems pretty confident in the Real Estate side of things. He stated that getting parts for the Automotive side has proven to be very difficult with backorders that were originally told would be a couple weeks have turned into months and now some of them He said don't even know when that part will be available. He stated he was going to focus efforts on the Real Estate where the returns are substantial. I asked about the REG A and he stated he wanted to raise funds for land Acquisitions. That the property values were increasing so fast, that the lots that were already purchased are worth more than 100k than they were acquired for. So he wanted to acquire as many properties as soon as possible.
He said more but im just paraphrasing. I would suggest anyone seriously interested in the company call him.. if your just a trader probably not. I've been in this for a while, and primarily for the Real Estate.. I like classic cars but it's a tough industry. The fact he can take $1.85m turn it into $4.25 , those were the #s he stated on the call. a $2.4Million Dollar Profit
I agreed with him, that efforts would be best spent on the Real Estate.
Also Dr.B. , I asked him about the management of the build and if him not being there locally had any effect on things. He said absolutely not, that he has a long term relationship with the General Contractor and things have been on Point as of now.
No delays..
I'm happy to have shared this.
I would say this. I believe this company will grow into a nice little Real Estate development and management company..
Oh, i also asked about rentals, he stated at the current return on building and selling,, he isn't going to go back into renting until the profit margin on sales slow. He stated it would take 10 years of renting to profit what Rolling Dunes sale profited..
Happy trading to all.
