Cornerstone Development and Properties, LLC

03/06/2025

12/17/2022

10/01/2022

New Project. Apartment Complex, 18 Units, Valley City, ND. Value added project.
1. Determine potential gross income
2. Create rehab plan
3. Determine complete rehab costs
4. Calculate all expenses
5. Duration of rehab
6. Rent up period
7. Carrying cost
8. Purchase price of property
9. Selling price
Equals profit.
If your good at all the above, you will make money.
Other things to consider
1. Do you keep the property for income
2. Do you sell and 1031 property
3. Knowing your goals will answer these questions.

09/03/2022

Looking for passive investors. PM Mike Payson at our page. Apartment demand is excellent. In house development. Short and long term investments.

09/03/2022

Future Plans
Focusing on acquisitions. Purchase, Valley City ND. Strong market place. Value added project. 18 units. Miss managed by previous owner. Occupancy at purchase, 10 units. Evictions, 1
7. Rehab starts. One month into rehab, start renting apartments. 2.5 months in, 11 units rented. Cash flowing. Next 2 months, fill all units except one two bedroom and one, one bedroom. Purpose leaving two not rented, show potential buyers. Exit strategy, Estimated sale date, Nov. 30th, 2022. Profit, roll into another project.
Our plan is coming to fruition.
Future, by vacant land, buildable lots, build twin homes, apartments. By value added apartment projects. Goal, minimum 60 to 100 houses and apartments 2023.

Feel free to ask questions. Decades of experience.

11/04/2021

Our post flip from Albuquerque NM. A great executive suit purchased and held 25 days before selling to a beautiful family that will appreciate the $1,000,000.00 mountain and valley views. $700,000.00 was steal.

11/04/2021

Another property coming for sale soon (mid November 2021). 807 - 21st Av. S., Fargo, ND. $225,000.00. 3 BED Rooms, one bath. Basement is framed for two more bedrooms and another full bath. This home has the financial potential of $280,000.00 by finishing the basement. Create your own equity by finishing basement. Call Mike at 218.731.3057

11/04/2021

Another 18 unit property purchased by Cornerstone Dev. & Prop. Providing affordable housing to a great family community, Valley City, ND.

09/06/2021

Conversion Project
Commercial Warehouse and Securian Financial Transformation. 180,000 Sq. Ft. Climate Controlled Self Storage and 40,000 Medical Device Warehouse.

10/02/2020

Climate controlled self storage. Provided Full Construction Managment Sevices through turning facility over to managment company, assisted in plan design, created exterior gated parking facility. $20,000,000 facility.

09/14/2019

Our latest completed project for Platinum Construction: Climate Controlled Self-Storage Conversion, Saint Paul, Minnesota