Investors needed. Big time.

97EldoCoupe · #1 (**permalink**) 10-11-09, 08:17 PM

Can't let the details out publicly. I've got as much money invested in the business as I can manage and borrow right now. Need $27k. Return to you would be 30% (approx. $35k) with a ROI of about 6 months to 1 year max.

Contact me via email for details. (jwiebe@northstarperformance.com) Even if you are only willing to invest a portion. This has to do with something that will benefit 100 Northstar owners who own the 00-05 FWD cars.

I'm willing to put up all of my possessions (the whole Caddy collection, the tools & equipment, current inventory etc.) as collateral and put things in writing. It's a can't lose situation and unfortunately I can't raise the funds right now alone.

JSTS02 · #2 (**permalink**) 10-19-09, 05:26 PM

i got $5 on it!

97EldoCoupe · #3 (**permalink**) 10-24-09, 07:22 PM

Haven't been online in the past week or so. $5,000? email jwiebe@northstarperformance.com and we'll go from there. I seriously don't expect any replies because lending money to a perfect stranger is usually a dumb idea.

I'm working on refinancing the property that I just bought back in May to do this. I may not be able to.

Anyone want a hint?

220 brand new Northstars. I'm buying 100 for now. Never been installed or even assembled. Most parts are there to complete these engines in factory GM crates. They are not hot. I'm not releasing much more info than that right now but $27k for 100 new Northstars is a no brainer. These aren't defective, stolen, or damaged; they were bought right off the GM line by a large engine building facility. I've made a deal to pick up the other 120 by February of next year. I have about 25 days to have the cash in the bank to pay for these. All of these are getting studded and assembled with factory GM parts and then at least 100 people will be able to buy a new, studded engine for their Cadillac for the price of a rebuilt unit. I'm guessing around the $3500~ range.

chp350 · #4 (**permalink**) 10-25-09, 11:25 PM

I will email you in a few days..I am considering investing $5,000 (five thousand) also..

tateos · #5 (**permalink**) 10-26-09, 12:35 AM

Interesting. So, you will drill out and stud them BEFORE the HGs and threads fail? Very interesting, Jake. This reminds me of women that carry the breast cancer gene and get pre-emptive masectomies. I guess that indicates the lack of confidence you have, even in the somewhat improved head bolt design 2000-2005 engines, and the great confidence you have in your stud system.

chp350 · #6 (**permalink**) 10-26-09, 01:42 AM

Jake, I was wondering also why if the newer, 2000 and up engines were to be better as for as hg concerns ,why you were going to be studding them also? that was one of the reasons along with some other details I was working out when I said I would be emailing you in a few days on this investment. thanks, Ted..my email is....( gtowith455@hotmail.com)

eyekandyboats.inc · #7 (**permalink**) 10-26-09, 01:53 AM

i have alwayse wanted a new enigne for my DTS 200,000 Km its time for a new one, get back some of the power it has lost!

97EldoCoupe · #8 (**permalink**) 10-26-09, 08:54 AM

I don't like the factory head bolt & thread design. It has improved in 2000 (because of the not-so-porous blocks) over the 93-99's but they're still failing. I could have double customers if I used factory head bolts (7-8 yrs down the road, those engines may need to be studded) but I want these engines to hopefully last longer than that without issues. I think it just makes sense to stud them before the first assembly. Maybe leave the customer the option.

Taylor, 200,000 kms? You should still have all the power and it should still be a great engine- that's just broken in for a Northstar....

Speaking of "broken"-that's why I need to get my hands on these engines- 2000+ have weak connecting rods. Any hydro-locking cylinders will bend that connecting rod and throw the engine out of balance. I've seen this 2-3 times now and with failing HGs, when people continue to drive, hydro-locking will eventually occur. Next time you get an out-of-balance engine up to 6000 RPM the connecting rod breaks and smashes the aluminum block. Once the block is smashed, there's only one way to fix the car.....

Ted- I will speak to you soon. My broker called yesterday and has two lenders that might go ahead and lend me the full $27k using my shop & home as equity. I've got a few vehicles to sell as well but if that broker can't get the loan for me I will definitely need any and all help I can get. I thank you very much in advance.

97EldoCoupe · #9 (**permalink**) 10-26-09, 08:58 AM

Speaking of vehicles for sale, as soon as I get the engine fixed in my '04 Bonneville it might be up for sale, at a very decent price. It's got the Northstar, I picked it up with a dropped valve. Either the valve snapped or the spring did- anyways I think I may wind up replacing the whole engine. I'll have to check and see what damage it did.

codewize · #10 (**permalink**) 10-26-09, 09:32 AM

Sounds like a good investment to me BUT I have to wonder what the market is going to be for engines in potentially 10 year old cars.

I think most people now days are out of a car before it's 10 years old and if someone had to make a $3500 repair on a 5 year old car they'd probably get rid of it before doing so.

I guess my point is, you have a handful of people here willing to do some crazy things to keep their cars. Many others wouldn't do that.

Be careful with your assets

97EldoCoupe · #11 (**permalink**) 10-26-09, 12:05 PM

For sure Code. If these were Pontiacs or Buicks or Fords or Chryslers, I would re-think this. Cadillacs are cars that are very often kept in tip-top shape. Not always, but usually. Theres a lot of Cadillac limos and hearses too that will be in service for a long time to come. These are special cars and special engines and one way or another, even if it took 5 years, those engines will all sell. I plan to keep 2-3 engines built up at all times and the rest of the parts will be on the pallet racking in my shop. If an engine sells, I'll build another. All the timing parts are included and everyone knows those tensioners and chains/sprockets are not cheap. The fuel rails are included. The intakes are included. All 8 injectors for every engine is included. I could buy each engine just for those parts alone and it would already be cheaper than buying just those parts. I'll come out ahead on this either way. And so will anyone who wants a new engine.

97EldoCoupe · #12 (**permalink**) 10-26-09, 12:15 PM

Once I know I have the cash to do so, I'm headed into the USA to see and purchase the engines. If I see anything wrong or fishy, I'm headed back home. If all looks good, I'll have the trucking company I deal with pick the engines up as I'm there. I want to personally see those engines get loaded up before I head back to Canada. Here's some photos they sent me of the engines:

eyekandyboats.inc · #13 (**permalink**) 10-26-09, 01:54 PM

holy sweet liza!, imagine the look of those engines sitting on YOUR SHOP FLOOR!, all the valves and everything are installed allready?
freaking sweet!

97EldoCoupe · #14 (**permalink**) 10-26-09, 03:25 PM

Yeah they are. I'm hoping Taylor, I'm hoping.

abs · #15 (**permalink**) 10-26-09, 06:47 PM

I know this goes without saying (and I'm sure you're already thinking about this), but I would recommend that you have insurance on those parts BEFORE you begin putting anything on the truck. A great investment could quickly become a deep hole without insurance!

Andrew