TAILIEUCHUNG - REAL ESTATE INVESTMENT PLANS

According to the most recent building census of 2000, there was no overall shortage of housing in Turkey, given that there was a total of million housing units and million households. 22 The regional differences in the ratio of housing units available to house- holds are stunning. In Istanbul 33% more housing units than house- holds were counted, in Izmir the excess was 24% and in Ankara 10%, whereas in some of the northern provinces some 30% to 40% more households than dwelling units are reported. For several reasons this does not mean that residential markets even in regions with. | Your equity partners REAL ESTATE INVESTMENT PLANS PARTNERSHIP BENEFITS Safe Secure Guaranteed Hassle-free cash flow Fee simple deed Minimal risk Below market values Compounding annual appreciation Zero operating expenses IRA eligible High NET annual returns Proven exit strategy Not a TIC - each investor has equity ownership of their specific units Absolutely NO property management responsibilities No vacancy losses INVESTMENT PLAN OVERVIEW 1. Detailed consultation for strategic acquisition planned and rehabilitation cost assessed. 2. Investor Funds deposited into designated trust account with Pacific Coast Title 3. FIRN LV identifies available distressed properties from relationships with REO Brokers Auction contacts and other Private resources. Properties identified fit complete criteria for rehabilitation and resale. 4. Acquisition and 30 day net rehabilitation. 5. Developed execution of exit strategy for real estate sale. 6. Developed executions of plan for distribution of funds and reinvestment of capital. MARKET ANYLSIS Acquisition target market consists of various suburban areas of Las Vegas NV specific zip-codes through-out Las Vegas valley . Targeted area contains availability of bank-owned homes available as well as short-sales and available comparables to facilitate rehabilitation and resell. Areas focused contain homes that can be purchased and renovated for less than 70 of the After Repaired Value. Selected areas focused for acquisitions are compiled on FIRN LV property lists. TARGET PRICE - OPTIONS Novice Investors seeking Conservative Acquisitions The target purchase prices of property in these areas are approximately 50 000 - 75 000 for lower end assets retailing price of up to 125 000 for rehabilitated properties. Homes that meet our criteria are typically three or more bedrooms with one to three bathrooms. Most are approximately 1000-1700 SF - either one or two stories. Experience Investors seeking 50 Equity Returns Target .

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