Accreddited JV Partners needed - 188 unit building under contract in Dallas, Texas
Madeleine Ficaccio

Accreddited JV Partners needed - 188 unit building under contract in Dallas, Texas

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Madeleine Ficaccio  
 

Property Address

Address (required)
Latitude
32.8
Longitude
-96.77

JV Features

How Much Money/Price ?
I am looking for ACCREDITED JV partners with a minimum of $100,000 to invest in this project (sorry cannot be RRSP's).
Why this deal is good for Investors ?
The plan is the same as at Timberpark. Conservatively, we expect within 12 months this building will be stabilized (which means at 90% or higher occupancy... with good, paying tenants). After it is stabilized for 3 months, we will refinance and pay the investors out a minimum of 85% (expected 100%) of their original investment.... but they will continue with their ownership, cash flow, etc.!
JV Details
Hello My Friends,

We are very proud to announce that in May we closed on a 158 unit building in Dallas, Texas called Timber Park with our AWESOME JV Partners! And with a solid plan in place, in just 6 weeks we have increased the occupancy from 70% (with several bad tenants, so had to clean house) to 90%! We are very excited with the progress and changes at this property!

I currently have an unbelievable 188 unit building under contract in Dallas, Texas (a foreclosure with the bank) that is 1985 product locked in at a price of $11,330 per door! (This is why I am buying in Dallas!) It is located in the same neighborhood as Timber Park, so we are very familiar with the area and know exactly what we need to do to get this property performing.

I need to move very quickly...

I have secured a mortgage at $1.3M.

I am looking for ACCREDITED JV partners with a minimum of $100,000 to invest in this project (sorry cannot be RRSP's).

The plan is the same as at Timber Park. Conservatively, we expect within 12 months this building will be stabilized (which means at 90% or higher occupancy... with good, paying tenants). After it is stabilized for 3 months, we will refinance and pay the investors out a minimum of 85% (expected 100%) of their original investment.... but they will continue with their ownership, cash flow, etc.!

The ownership in the building is as follows:

- 70% is owned by the Equity Investors;
- 30% is owned by my team

Once my team has performed and we have refinanced and paid the investors out (which we expect will be a 100% pay out) with an anticipated time frame of 18 months, my team will gain 10% bonus, but the Equity Group will still own 60% of equity, appreciation and cash flow! WITH NO MONEY IN THE DEAL!

I need to raise the balance of the funds quickly as nothing happens slowly in Texas, so please call me on my cell (403-471-4337) ASAP if you are interested in working with me on this AWESOME opportunity! All the due diligence has been completed and we are ready to move forward.

Please have a look at the attached information regarding Millennium Pointe and let me know if you have any questions.

Thanks!

Madeleine

Madeleine Ficaccio, B.Comm.
The VEA Group Inc.
www.veagroup.ca
Diamond REIN Member
Top Player 2010
Top Ten Alberta (South - REIN 2005, 2006, 2007)
Renovator of the Year (Dan - South - REIN 2008)
Office: (403) 547-7227
Cell: (403) 471-4337
Fax: (403) 239-8319
Email: vea@shaw.ca
Hello My Friends,

We are very proud to announce that in May we closed on a 158 unit building in Dallas, Texas called Timber Park with our AWESOME JV Partners! And with a solid plan in place, in just 6 weeks we have increased the occupancy from 70% (with several bad tenants, so had to clean house) to 90%! We are very excited with the progress and changes at this property!

I currently have an unbelievable 188 unit building under contract in Dallas, Texas (a foreclosure with the bank) that is 1985 product locked in at a price of $11,330 per door! (This is why I am buying in Dallas!) It is located in the same neighborhood as Timber Park, so we are very familiar with the area and know exactly what we need to do to get this property performing.

I need to move very quickly...

I have secured a mortgage at $1.3M.

I am looking for ACCREDITED JV partners with a minimum of $100,000 to invest in this project (sorry cannot be RRSP's).

The plan is the same as at Timber Park. Conservatively, we expect within 12 months this building will be stabilized (which means at 90% or higher occupancy... with good, paying tenants). After it is stabilized for 3 months, we will refinance and pay the investors out a minimum of 85% (expected 100%) of their original investment.... but they will continue with their ownership, cash flow, etc.!

The ownership in the building is as follows:

- 70% is owned by the Equity Investors;
- 30% is owned by my team

Once my team has performed and we have refinanced and paid the investors out (which we expect will be a 100% pay out) with an anticipated time frame of 18 months, my team will gain 10% bonus, but the Equity Group will still own 60% of equity, appreciation and cash flow! WITH NO MONEY IN THE DEAL!

I need to raise the balance of the funds quickly as nothing happens slowly in Texas, so please call me on my cell (403-471-4337) ASAP if you are interested in working with me on this AWESOME opportunity! All the due diligence has been completed and we are ready to move forward.

Please have a look at the attached information regarding Millennium Pointe and let me know if you have any questions.

Thanks!

Madeleine

Madeleine Ficaccio, B.Comm.
The VEA Group Inc.
www.veagroup.ca
Diamond REIN Member
Top Player 2010
Top Ten Alberta (South - REIN 2005, 2006, 2007)
Renovator of the Year (Dan - South - REIN 2008)
Office: (403) 547-7227
Cell: (403) 471-4337
Fax: (403) 239-8319
Email: vea@shaw.ca

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