The founders of ark Property Investment have started this Blog to document our investment venture in North Dakota.
Tuesday, October 28, 2014
Minot Airport Outside
This is a video of the outside of the Airport, I wanted to get across how the facility is unable to meet its current requirements and needs to expand.
Minot Airport Mini Museum
Just more video of inside the Airport, I wanted to get across this video the size of the facility and what was inside it.
To get further information on the Airport please click here.
THESE PHOTOS ARE FROM A MODEL OF THE AIRPORT ON THE SECOND FLOOR.
Minot Airport Initial Visit
Apologies for not posting for a while but I have been busy here in Minot ND, I will be posting some general videos of my trip for every ones enjoyment.
Wednesday, October 22, 2014
Answers to more questions for investors
We want to make sure all interested parties in our project learn all they need to know, please contact our company; if you or any one you represent has questions.
How would you describe the competitive landscape in this industry? How attractive or forgiving is it?
I would describe the competitive landscape in real estate for Western North Dakota as an emerging market. It is very attractive, and has a good long term business prospect; initially we will develop residential properties that have the potential to generate immediate return on investment upon completion of construction and then will be resold. We will then take proceeds from sale to supplement equity investment of second residential property that will be held and rented as an income producing asset, while seeking long term appreciation.
Why did you choose this particular business?
My wife and I chose this particular business because the North Dakota Bakken region real estate offers diversification. As with any investment, stocks, bonds and buying and selling apartment buildings, there is a risk that the value of your investment will go up and down. That said, over time, real estate values have appreciated.
What is something the successful incumbents are able to do to compete?
Successful incumbents that have been able to compete in the local industry were able to leverage out of state financial assets as investment capital. They put a lot of time and effort into building up relationships and trust with local government and business within the Bakken region.
How would you describe the competitive landscape in this industry? How attractive or forgiving is it?
I would describe the competitive landscape in real estate for Western North Dakota as an emerging market. It is very attractive, and has a good long term business prospect; initially we will develop residential properties that have the potential to generate immediate return on investment upon completion of construction and then will be resold. We will then take proceeds from sale to supplement equity investment of second residential property that will be held and rented as an income producing asset, while seeking long term appreciation.
Why did you choose this particular business?
My wife and I chose this particular business because the North Dakota Bakken region real estate offers diversification. As with any investment, stocks, bonds and buying and selling apartment buildings, there is a risk that the value of your investment will go up and down. That said, over time, real estate values have appreciated.
What is something the successful incumbents are able to do to compete?
Successful incumbents that have been able to compete in the local industry were able to leverage out of state financial assets as investment capital. They put a lot of time and effort into building up relationships and trust with local government and business within the Bakken region.
Tuesday, October 21, 2014
Our Entrepreneurial Mission, Aspiration, And Risk Propensity
As one of the founders of our company I want to give you all some background, I lived in the Middle East for many years, houses and buildings their made me think I was in a SCIFI Movie. I want to change the real estate development industry in America by building Dubai in America. I don’t have the money or resources so I will start small, and I am not an original person so I am just going to copy the existing model and see if I can make a profit at it. The construction Boom in Dubai was fueled and financed by Oil. In North Dakota specifically the region of McKenzie County has boasted our country’s most vigorous economy over the past five years thanks to the ongoing Oil and Resource Boom; the state’s population has tripled in size since the 2010 census, so I am going to solve the issues with housing and commercial properties by building my dream.
My aspiration is to create a real estate investment business with my wife and use it to build my dream in North Dakota and not go bankrupt. My whole life I have dreamed about the future; taking my inspiration from literature and movies. As I have gotten older I have seen our cities and communities change and not embrace the future. Change has been driven by the wants of my peers and the baby boomer generation; they see new buildings as having no heart or style. So in consequence all I see now are developers catering to old styles in homes; building Mediterranean and Victorian with modern twists trying to recapture the style of homes built from 1880-1920. The future was over 50 years ago and it was rejected; Mid-Century modern was a revolution in architecture led by Frank Lloyd Wright, the homes and buildings of this style were meant to bringing more of the outdoors in with heavier use of windows and fewer walls to separate people from one another; I want to promote this style again as the future of America.
The risk propensity in North Dakota is high for investors; just the terminology used to describe the economy there, when you hear the word ‘boom’ you also think of the word bust. Competition in the construction industry there is crazy, regional developers are active in the area and they are now competing for space with Wall Street investors and international firms representing investors from Australia to Singapore. I have a family so I cannot take to many risks; the ownership structure of our new start-up company, arK Property Investment will be a privately held Limited Liability Company (LLC) and shall be registered in the state of North Dakota. As a holding company to manage the developed real estate assets.
I think that our collective vision of the future has not lived up to our expectations. Our dream is possible to accomplish, but it will have to happen slowly. At first anyway. The speed of chance is directly related to the amount of people that share our vision - other investors and partners. While building our investment company, we are looking for others that share our vision. To accomplish our vision, we will need a strong network that believes in the idea.
My aspiration is to create a real estate investment business with my wife and use it to build my dream in North Dakota and not go bankrupt. My whole life I have dreamed about the future; taking my inspiration from literature and movies. As I have gotten older I have seen our cities and communities change and not embrace the future. Change has been driven by the wants of my peers and the baby boomer generation; they see new buildings as having no heart or style. So in consequence all I see now are developers catering to old styles in homes; building Mediterranean and Victorian with modern twists trying to recapture the style of homes built from 1880-1920. The future was over 50 years ago and it was rejected; Mid-Century modern was a revolution in architecture led by Frank Lloyd Wright, the homes and buildings of this style were meant to bringing more of the outdoors in with heavier use of windows and fewer walls to separate people from one another; I want to promote this style again as the future of America.
The risk propensity in North Dakota is high for investors; just the terminology used to describe the economy there, when you hear the word ‘boom’ you also think of the word bust. Competition in the construction industry there is crazy, regional developers are active in the area and they are now competing for space with Wall Street investors and international firms representing investors from Australia to Singapore. I have a family so I cannot take to many risks; the ownership structure of our new start-up company, arK Property Investment will be a privately held Limited Liability Company (LLC) and shall be registered in the state of North Dakota. As a holding company to manage the developed real estate assets.
I think that our collective vision of the future has not lived up to our expectations. Our dream is possible to accomplish, but it will have to happen slowly. At first anyway. The speed of chance is directly related to the amount of people that share our vision - other investors and partners. While building our investment company, we are looking for others that share our vision. To accomplish our vision, we will need a strong network that believes in the idea.
Monday, October 20, 2014
Some answers to questions investors have asked about our company!!
What problem will your company solve, and for whom will you solve it?
There is currently a lack of housing and commercial property infrastructure in the North Dakota Bakken Oil region for Families of oil workers and associated professionals.
What are the Next Best Alternatives (NBAs) that your potential customers have available to solve this problem for themselves right now?
There is plenty of new construction in the North Dakota Bakken Oil region, but most new homes and buildings in the region are site-built, there are many disadvantages to this type of building; weather is always a factor, shutting down work sites, damaging materials, and making work uncomfortably cold, hot, or wet for construction workers. Measuring, cutting, fitting, and nailing each “stick” into a whole house is tedious and time consuming; mistakes waste material and drive up costs.
How is your solution better than the NBAs? What is different? Is it different enough or do you need to work on your differentiation?
Our product is superior to our competitors because we will only build Modular Buildings which have faster construction time, and superior quality. Our buildings will be priced lower than their site-built counterparts, for a variety of reasons; speed of construction/faster return on investment, building and the site work will be completed simultaneously, reducing the overall completion schedule by as much as 50%.
What supports do you think you need to help you with your business plan. Where can you find them in your community?
As a start-up company we will initially seek to manage all the day-to-day activities of our company, but will seek outside professional legal and accounting services in our local area. Our business is always developing and expanding so next month we will visit North Dakota and start building relationships with tenants, lenders, investment firms, government agencies, architects, contractors, builders and other real estate firms in the local area.
There is currently a lack of housing and commercial property infrastructure in the North Dakota Bakken Oil region for Families of oil workers and associated professionals.
What are the Next Best Alternatives (NBAs) that your potential customers have available to solve this problem for themselves right now?
There is plenty of new construction in the North Dakota Bakken Oil region, but most new homes and buildings in the region are site-built, there are many disadvantages to this type of building; weather is always a factor, shutting down work sites, damaging materials, and making work uncomfortably cold, hot, or wet for construction workers. Measuring, cutting, fitting, and nailing each “stick” into a whole house is tedious and time consuming; mistakes waste material and drive up costs.
How is your solution better than the NBAs? What is different? Is it different enough or do you need to work on your differentiation?
Our product is superior to our competitors because we will only build Modular Buildings which have faster construction time, and superior quality. Our buildings will be priced lower than their site-built counterparts, for a variety of reasons; speed of construction/faster return on investment, building and the site work will be completed simultaneously, reducing the overall completion schedule by as much as 50%.
What supports do you think you need to help you with your business plan. Where can you find them in your community?
As a start-up company we will initially seek to manage all the day-to-day activities of our company, but will seek outside professional legal and accounting services in our local area. Our business is always developing and expanding so next month we will visit North Dakota and start building relationships with tenants, lenders, investment firms, government agencies, architects, contractors, builders and other real estate firms in the local area.
Brief description of our business concept for everyone
arK Property Investment is a private institutionally funded commercial and residential real estate investment company. arK invests directly or indirectly in the North Dakota Bakken real estate market utilizing a flexible investment strategy designed to capitalize on compelling opportunities that exist within the marketplace. The mission of arK Property Investment is to create a portfolio of income producing real estate assets over the next 15-20 years in the North Dakota Bakken region.
ND Site Visit
Just letting every one know that we will be sending a representative to Minot ND from OCT 26 to OCT 31 to conduct a site visit for real estate investment.
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