INVESTOR NEEDED

Pennington Land Company

Specializing in the purchase of acreage suited for oil, gas, and coal exploration, and the harvest of mature timber.

My plan is to find land at a good price either listed for sale, for sale by owner, auctioned by the state, businesses, individuals, etc.

Once this land is found, I have a team put together that can preliminarily tell me whether or not it would be a wise choice to purchase based on the probability of there being oil, or other minerals, or a good stand of harvestable timber.

If there is a good chance for one or more of these possibilities happening, the property will be bought. Timber can be harvested fairly quickly and be paid out on. A private forrestor will be involved to insure top dollar for hardwoods, along with a logging company. A drilling company backed by investors will be involved with the oil process. A bonus payment will be paid to land owner (me)along with monthly lease and royalty payments. Timber is a lump sum payment.

If the land is only bought for timber purposes, more than likely I will sell it at a bit of a loss to unload it. That will all be factored in to profit scale of course, however, if it is in a good area and bought at a reasonable price I may either keep the land for recreational purposes (my goal is to own 1,000 acres by the time I am 40)or look to develop it for residential lots or commercial use. Of course if it is used for minerals, and as a bonus timber, then sale or retainment of the land would depend on the production of the property and lease terms with oil and or gas companies.

Overhead- Paying a private forrestor 100 dollars per consult to look at land. Gas to drive to look at and research properties. That is really about it, which is the good thing about this business, low overhead.

Employee involved in business- Myself. Down the road I may add one person to help to cover more properties to look at for possible purchase, but that would be way down the road.

What I need:

I need a person, or people that would be willing to invest in this company. I an amount of money in mind ($250,000) that I want to start with. This would enable me to get started quickly, get some land purchased, and start making an income off of them. Term wise on a loan I don't know. I will tell you up front that I do not want to be put in a situation where someone is expecting me to pay them a ton of money a month to where it would immediately cause me to fail within 6 months of starting and then have to claim bankruptcy. I am looking for someone, or a group of people that will loan me this money and be willing to be patient with me. Ideally it would be nice to not make a payment for 6 months to a year, and then look at the possibility of starting monthly payments with interest back to the investor, or maybe even lump sum installments depending on the success of the business. Of course I am open to listening to any ideas or advice. If you would like to help me out on this, or become my investor (s) please email me at jpennington@uebelhorandsons.com or call me at 812-459-6924 to talk. Thank you for listening!

Jason Pennington