Pegasus General Contractors, Inc. Bastrop Housing Investment Opportunity
Where is Bastrop? Located 20 miles due East of Austin. 20 minutes from Austin Bergstrom Int’l airport 2nd oldest incorporated town in Texas
What does Bastrop offer? Golfing State Parks Boating, fishing, hiking trails Shopping Sports Schools
Bastrop Fun Facts Bastrop County is one of the fastest growing counties, both in Texas and in the nation. Projections show the County population at 258,738 by 2040. Bastrop is the second oldest town in Texas - first settled in 1804, officially established in 1832, and incorporated in 1837. Nearly 140 Bastrop buildings and sites are officially listed in the National Register of Historic Places, earning the city the title of "Most Historic Small Town in Texas."
What is new for Bastrop? CVS Holiday Inn Comfort Inn Carl’s Jr. Lowe’s Specs Best Buy Lakeside Medical Center Residential Construction
Major Employers for Bastrop Walmart H-E-B Lowe’s Home Depot Hyatt Regency Lost Pines Resort County of Bastrop Correctional Facility Bastrop ISD (Schools)
Our clients Service industry employees Low-moderate income FHA first time home buyers Renter conversions Move-ups Trade downs Retirees Our primary customer generally qualifies for the $8,000 first time home buyer tax credit.
Population and Income Trend Insight Research Corporation
Our product Our most popular product is a 3/2 - 1300 square foot manufactured home on approximately ½ acre of land in or around Bastrop. These homes will sell for approximately $100,000 retail.
The Pegasus Advantage Turn key land home packages to our retail clients, including financing, site improvements, land selection, and custom home design and ordering. Everything is included, retail clients can enjoy the ease of one-stop-shopping, which is not available at other housing retailers. The Pegasus Team has a 30+ year combined experience executing manufactured housing sales, real estate transactions, mortgage services, general contracting and land development.
Marketing Objectives Continue to purchase land Increase local signage in targeted neighborhoods Direct marketing campaign(s) First Time Home Buyer seminars Continue to broaden retail lender network Projected sales center by end of 2010, first quarter 2011 Explore areas around Austin for potential growth
Exit Strategy: Retail Financing Our land home packages are FHA qualified, which means buyers can get a standard FHA loan through; Manufactured Housing Specialized Lenders 21st Mortgage Corp Cascade Financial Local Banks: First Nat’l Bank of Bastrop Franklin Bank National Banks: Wells Fargo Chase Wachovia
Investment Opportunity $50,000 investment; Lien holder on title to $100k improved property. $5,000 profit per sold and closed unit Anticipated 6 month construction through sale Approximate 20% annual return on your money 30% projected return, when Pegasus has a better market share*