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Buyers Group International Corp
Company URL: http://www.zenobank.com/clubs/BYRG
Membership: Public
Category: Property > Holiday Lets
Members/Photos: 3/1
Location: United States, Texas, Mc Kinney
Created: 19/07/2008
Public Company Profile Information

About

ABOUT BUYER GROUP INTERNATIONAL, INC.

Executive LeadershipDALLAS, TX

David Bryant is the current President and CEO of Buyer Group International, Inc. He holds a B.A. degree from The University of Texas at Austin, M.B.A from The University of Texas at Dallas and holds the Harvard Square Chartered LIFA financial analyst designation. He identified a need in the marketplace to return properties to occupancy, whether lease residence or homes that cycle into a steadily growing pool of buyers.

The need for a clearinghouse type of company that reduces bankruptcy and foreclosure in the marketplace creates win-win situations for the stakeholders involved, owners, investors, and bankers. Prior to developing his real estate investing career, David contracted project management for Fortune 500 companies Motorola, Applied Materials, Apple Computer, Dell Computers, and formerly as a Senior Sales for a public telecom company. When he’s not working he can be found studying Aikidobudo and Judo at the Jita Kyoei Dojo - Chamberlain Studio of Self Defense in Dallas.

Objectives

» Grow Net Equity to $4,000,000 in 2008
» Sign two major hedge fund partners for strategic capital infusion
» Establish mortgage company operations to leverage banking relationships enhancing REO inventory prospects
» Acquire property in 2008 to add to inventory development base 
» Establish Economic Value Add (EVA) and Economic Rate of Return (ERR) valumetrics
» Develop re-insurance program with $2 million capitalization for captive insurance framework 
» Additions to Company
» Buyer Group International, Inc. is proud to include the additions of Jeff Roberts of Lone Star Developments, Inc. to head investor operations and Christian Claudio of TriCovenant to direct wholesale acquisitions.

Mission

Capture inventory for lease or sale of at 2% of the current national market inventory for foreclosure and REO properties structuring win-win solutions for all stakeholders involved, the home owners, investors, tenants, and bankers.
The current national 1.7 million inventory level for homes that are in financial distress often clog the lending system with unreasonable financial models that are outdated and often never see the end of a mortgage paid to term any more. The 30 year fixed mortgage which historically made banks the most money are often paid out in 2-5 years for first time home owners and 7-10 for seasoned home owners. Rising interest rates often keep home owners from trading up or getting “bang for their buck” and can disuade home owners from moving at a time when economically advantageous due to lack of affordable financing, reasonable inventory costs, or both. BGI will bring flexible financing to the markets allowign existing interest rates to be carried forward when home owners wish to sell, lease, exchange, or divest their property and give them the best tax advantage available.

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