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Register Today on DNForum IT'S FREE!I am launching a Fund to buy and develop big .Com domains at deeply discounted prices to their end-user appraised value. I have provided a $12,500 non-refundable deposit to acquire FRAME.com and need to close by this Wednesday or the deal is going to fall out of bed and I am going to lose my deposit. Last week the seller told the broker they would extend it to the end of the month, which would have given me the time I needed for the fund’s capital to acquire the domain, but they changed their mind and are saying the Wednesday deadline is non-negotiable.
I am looking for bridge money of $150,000 for 15-30 days to take the domain down and put my PPM offering documents and marketing collateral together. Once this is complete, the first money in would pay the bridge investors back their original investment plus $25,000. Though I anticipate having the capital and return back to investors within 10 days, if I went over 30 days, I would fund an additional $25,000 for a total investor yield of $50,000 (33%) on the original $150,000.
Here are the details of the fund that I am putting together for investors:
1. Acquire FRAME.com for a 95% Discount to Appraised Value of $1,580,000.
a. If I got hit by a truck all someone would have to do is put the domain onto sedo.com and send out emails to end users (have list) and the domain would sell for between $500,000 to 2,000,000 within 1 to 5 Years.
2. Develop traffic, e-commerce links, and cash flow:
a. “As is” the current cash flow on the deal is estimated between $500-$2,000 per month with no additional development.
b. Once developed into an eCommerce site, the yield from the existing traffic alone more than justifies the purchase.
I am in the process of putting together a PPM to raise something well in excess of $1,000,000 to either focus only on Frame.com or alternatively have Frame.com and the others I have bought go into a fund. At a minimum, I will have the fund acquire Frame.com at $175,000 as the first seeded asset to be developed. You can read more about the deal at
About Me
While I have bought/owned over 100,000 domains, my specialty has always been buying domains that have recurring revenue from type-in traffic and buying ccTLD Premium Generics like carinsurance.in, houses.co.za…etc. I always avoided the big .com space because I felt it was too competitive until I bought divorceattorneys.com and realized how much money could be made just from one single domain once it was developed and had significant traffic.
For example a small payday loan company does 50-100k leads per month, so if you said that my only aspiration in life was to get Divorceattorneys.com producing 100 leads per day that is not an outlandish goal; especially when you consider that 50% of people get a divorce and the other 50% think about it. If you sold the leads directly to divorce attorneys, you could get $50-100 per lead, which would translate to $5,000-10,000 free cash-flow per day.
A light bulb went on in my head and I realized that my traffic and PR business should exist to serve my network of big .com SkyScrapers I buy and develop. Maybe this is the only good thing to come out of my divorce?
Recent Deals Closed
www.refinancecalculator.com $900k Value and buying it for $80k with a $10k lease.
www.divorceattorneys.com $25k Lease, $275k Buyout
www.mediationlawyers.com $7.5k Lease and $70k Buyout
Development
I have developed numerous sites in my career to drive traffic and lead generation. Here is a small sample of what I have developed recently:
http://www.edomainmedia.com/index.html
http://1031domains.com/
http://www.divorceattorneys.com/
http://tic.com/
Please let me know if you have any interest.
One of two things comes to mind while reading this...
1. You really think we are that stupid.
2. You are really this stupid.
If it turns out its #2 someone is taking you for a big ole ride my friend. Jump off and back out asap. You honestly think experienced big players are giving away easy cash on development, not to mention you are getting no deals on pricing.
Good Luck, youre going to need it!
Last edited by TheLegendaryJP; 08-22-2011 at 11:25 PM.
Really, well, I am glad I have guys like you as my competition.What makes you such an authority? What kind of deals are you offering to investors, maybe I should invest in your deals? Better yet, what kind of deals have you done at all?
The owner of frame.com was the guy who recently stiffed me on an large domain sale. He wouldn't pay after agreeing to buy and the domain going to escrow. I would stay far away from any deals with this person. Hope you get your deposit back.
If you'll accept a bad check, I'll be glad to send you the money.
"Just a lot of embarrassment, embarrassed to be part of group of domainers who would do this to their fellow man.",
Condemnation of Mobee boys and investors by our precious Mother Theresa of Domaindom
when sales threads get closed for the most innocuos of reasons by mods.if any reason at all other than they are having a bad hair day
it begs the question, how the hell is this thread running in the 'domains for sale - offers section'
geez!
where are the mods?
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