Thursday, July 30, 2009

3 Day Investor's Camp Itinerary

August 14, 15, 16

Thursday
  • Meet & Greet at the Marriot

Friday

  • 9:00 am - Breakfast, Education about the area- Why is now the right time?
  • 12:00 pm - Lunch , Networking
  • 2:00 pm- Bus Tour
  • 5:30-6:00 pm - On your own- Networking

Saturday

  • 9:00 am Breakfast
  • Meet our team of local experts and The Chang Group
  • 12:00 pm - Lunch - Going over the numbers
  • 2:00 pm - Bus Tour
  • 5:30-6:00 - On your own- Networking

Sunday

  • 10:00 am -Breakfast - Going over the numbers
  • 12:00 pm - Lunch- Structuring Cash Flow Deals

Thursday, July 9, 2009

Fresh Start Homes Pro forma

Potential Purchase Price: $87,500
Cash Down 20%: $17,500
Lease Option Sale Price: $114,000
Gross Rental Rate: $1,100
Less Expenses:
Management Fee $110
Property Taxes $95
Insurance $55
Repairs & Maintenance $0
Set-Aside $190
Debt Service 80% LTV $406

Total Est. Expenses $855
Net Income $245

Returns:
Capitalization Rate 14.34%
Cash on Cash Return 16.77%

Sale 12 months
Sale Price $114,000
Less Close Costs 3% $2,280
Less Commissions $3,420

Net Proceeds $108,300

Purchase Price $87,500
Net Profit $20,800
Plus $2,934
Total Return $23,734
Cash Invested $17,500

Total Cash on Cash Return 136%