Majic poggi 2012.12.14

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Majic poggi 2012.12.14

  1. 1. HOUSE FLIPPING STRATEGY CAROLINAS Majic Holdings LLC Jim McDonough Owner/Manager Investing in Real Estate in North Carolina South Carolina Georgia © Majic Holdings, LLC. 2012. This material may not be reproduced, displayed, modified or distributedwithout the express prior written permission of the copyright holder. For permission, contact jim@majic.biz.
  2. 2. Disclaimer•MAJIC HOLDINGS, LLC and/or JAMES EDWIN MCDONOUGH IV does NOTrepresent to be a United States Securities Dealer or Broker or US Investment Advisor.•As a Representative of MAJIC HOLDINGS, LLC and/or JAMES EDWINMCDONOUGH IV , we make no Warranties or Guarantees or any representations to theinvestor, buyer, seller or Transaction.•All due diligence is the responsibility of the Buyer, and seller, or borrower and lender.•This information presented and any related documents are never to be considered asolicitation for any purpose in any form or content and are provided here for educationalpurposes only.• This information presented and any related documents hereto is a response to a formalrequest of information only. Upon receipt of the information and/or documents, therecipient hereby acknowledges this disclaimer. We do not provide securities or securityrelated advice.•No information herein shall be construed as a solicitation of investment funds or asecurities offering in any way.FORWARD LOOKING STATEMENTS
  3. 3. Why Flip Houses Now?Home sales in Carolinas up 37% over 2011Many people are moving to the area (Forbes)The time is nowMarkets are turning up
  4. 4. How it Works We form a Series LLC with the investor(s) for each individual property purchase We purchase properties wholesale from banks, etc. Jim checks out each property and finds the hottest deals Property is fixed (typically $10K/average 4-8 weeks) From beginning of purchasing to closing the sale, typically takes 120 to 180 days
  5. 5. Example 1 of a Closed TransactionThis 3 BEDROOM 2.5 BATH single-family home in goodshape was: Appraised for $111,992 Purchased for $58,000 Repairs for $10,000 Sold in 147 days for $99,900 Total Net Profit of $19,907 (after sales cost and commissions)
  6. 6. Example 2 of a Closed TransactionThis 3 BEDROOM 2 BATH single-family home in goodshape was: Appraised for $79,727 Purchased for $40,000 Repairs for $13,315 Sold in 63 days for $88,154 Total Net Profit of $28,668(after sales cost and commissions)
  7. 7. Example 3 of a Closed TransactionThis 3 BEDROOM 2 BATH single-family homein good shape was: Appraised for $81,250 Purchased for $40,654 Repairs for $0 Sold in 15 days for $75,000 Total Net Profit of $26,115(after sales cost and commissions)
  8. 8. Example 4 of a Closed TransactionThis 3 BEDROOM 1 BATH single-family home in goodshape was: Appraised for $64,681 Purchased for $35,500 Repairs for $0 Sold in 15 days for $65,800 Total Net Profit of $28,422 (after sales cost and commissions)
  9. 9. Example 5 of a Closed TransactionThis 3 BEDROOM 2.5 BATH single-family home in goodshape was: Appraised for $90,000 Purchased for $40,000 Repairs for $2,575 Sold in 1 day for $75,000 Total Net Profit of $31,615 (after sales cost and commissions)
  10. 10. Majic Holdings LLCManagement Jim McDonough Owner / Entrepreneur / Investor •Dartmouth College ’72 •Real Estate Agent & Broker in Hawaii 1986 to 2000 - GRI; CRS CCIM candidate •Director, Special Projects – William McDonough + Partners; Architecture and Community Design – 1999 to 2012 •RE Investor – 2011 to Current •Over 17 years of real estate sales and investing experienceALONG WITH A TEAM OF REALTORS and CONTRACTORS
  11. 11. Jim’s Track Record
  12. 12. Risks Economic Changes - Macro Property does not sell as promptly as expected Volatile Market - Micro
  13. 13. Current Partnership AvailableMinimum Investment Range between $10,000 to $60,000You can use your IRAYour Initial Investment + Preferred Rate of Return: 15% per flip - if available
  14. 14. Distribution Upon Sale For Example Only – Part 1Purchase Price: $50,000PLUS Repairs & Expenses: $10,000EQUALS Total Investment: $60,000
  15. 15. Example, Part 2Sale Price: $80,000Net Profit: $20,000YOUR PROFIT: $9,000 (15% of $60,000 Total Invested)You get 50% of the Net Profit up to 15% of Your Total Investment
  16. 16. Projected ScheduleInvestment What if? What if? What if? 3 Flips 1 Flip per 2 Flips Per $60,000 Per Year Year Year Total $9,000 $18,000 $27,000 Profit Total 15% 30% 45%Annual ROI
  17. 17.  Great Cash Flow Investment Benefits Highly Respectable Returns: 30 - 45% Annual ROI Short Time Frame for Capital Return: 120 - 180 days Investment Back by Property: Collateralized Investment IRA Qualified Proven Business Model: Many homes in last 3 years Expert Management Team: 40+ years of real estate experience 1st Right of Acceptance for future homes
  18. 18. For More Information Jim McDonoughPhone: 954 306 3586 - ask for Katie
  19. 19. Testimonials

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