1. A L P H A P R O P E R T I E S 1

2. 2 A L P H A P R O P E R T I E Sa r i . l i n d n e r @ g m a i l . c o m • P : 6 1 9 - 3 0 9 - 6 7 9 0 • F : 6 7 8 - 6 9 3 - 7 4 2 9
DistressedhousesintheSanFernandoValleyhavebeensellingfor
50-60% of their peak value for the last several years. Recognizing
opportunity, Ari Lindner began forming partnerships with
investors in 2009 to coordinate the purchase, rehabilitation,
tenancy, and sale of those properties. In the initial 17 months
of operation, ALPHA PROPERTIES successfully acquired and
rehabbed 15 properties, generating significant profits both from
monthly rental cash flow as well as from sales income through
“flipping”. ALPHA PROPERTIES has an established record
with the real estate brokers and the rehab vendors, enabling it to
get the best deals possible and to streamline the rehab process.
We have the experience to market the houses appropriately and
find the most suitable tenants.
As the housing market continues to offer discount opportunities
to aggressive investors, ALPHA PROPERTIES will continue to
acquire and add to its list of successful ventures.
ALPHA PROPERTIES handles A-Z, so you can focus your time
and energies on your primary business, while taking advantage
of these conservative and yet lucrative real estate opportunities.
Invest now, and profit when the market rebounds.

3. PROPERTY PROFILES

4. 4 A L P H A P R O P E R T I E S
12519 Chanute Street, Hansen Hills, CA 91331
PURCHASE DATE
5/15/2009
PURCHASE PRICE
$240,000
COST OF REHAB
$16,300
MONTHLY RENT
$2,005
12658 Terra Bella Street, Hansen Hills, CA 91331
PURCHASE DATE
5/15/2009
PURCHASE PRICE
$213,000
COST OF REHAB
$25,500
MONTHLY RENT
$2,000

5. A L P H A P R O P E R T I E S 5
13766 Paddock Street, Sylmar, CA 91342
13706 Sunburst Street, Arleta, CA 91331
PURCHASE DATE
6/25/2009
PURCHASE PRICE
$260,000
COST OF REHAB
$54,000
POST-REHAB APPRAISAL
$400,000
MONTHLY RENT
$2,625
(As of 10/1/11, will be $2,756)
PURCHASE DATE
6/26/2009
PURCHASE PRICE
$216,000
COST OF REHAB
$22,000
MONTHLY RENT
$1,950

6. 6 A L P H A P R O P E R T I E S
11947 Youngdale Avenue, Sylmar, CA 91342
PURCHASE DATE
7/13/2009
PURCHASE PRICE
$207,000
COST OF REHAB
$53,000
MONTHLY RENT
$1,995
13652 Sunburst Street, Arleta, CA 91331
PURCHASE DATE
8/10/2009
PURCHASE PRICE
$190,000
COST OF REHAB
$55,000
SOLD DATE
12/17/2009
SOLD PRICE
$337,000

7. A L P H A P R O P E R T I E S 7
12651 Remington Street, Hansen Hills, CA 91331
14350 Herron Street, Sylmar, CA 91342
PURCHASE DATE
9/29/2009
PURCHASE PRICE
$235,000
COST OF REHAB
$32,000
MONTHLY RENT
$2,095
PURCHASE DATE
1/14/2010
PURCHASE PRICE
$165,000
COST OF REHAB
$27,000
MONTHLY RENT
$1,745

8. 8 A L P H A P R O P E R T I E S
1306 Bracken Street, Arleta, CA 91331
PURCHASE DATE
1/22/2010
PURCHASE PRICE
$285,000
COST OF REHAB
$22,000
MONTHLY RENT
$2,295
13108 Aztec Street, Sylmar, CA 91342
PURCHASE DATE
2/4/2010
PURCHASE PRICE
$317,000
COST OF REHAB
$7,600
MONTHLY RENT
$2,295

9. A L P H A P R O P E R T I E S 9
14009 Claywood Avenue, Sylmar, CA 91342
14967 Aztec Street, Sylmar, CA 91342
PURCHASE DATE
3/9/2010
PURCHASE PRICE
$274,700
COST OF REHAB
$27,000
MONTHLY RENT
$2,195
PURCHASE DATE
4/15/2010
PURCHASE PRICE
$220,000
COST OF REHAB
$25,000
MONTHLY RENT
$1,850

10. 10 A L P H A P R O P E R T I E S
19509 Victory Boulevard, Reseda, CA 91335
PURCHASE DATE
6/30/2010
PURCHASE PRICE
$295,000
COST OF REHAB
$35,000
MONTHLY RENT
$2,495
13850 Garrick Street, Sylmar, CA 91342
PURCHASE DATE
8/25/2010
PURCHASE PRICE
$266,000
COST OF REHAB
$33,000
MONTHLY RENT
$2,195

11. A L P H A P R O P E R T I E S 11
7020 Fallbrook, West Hills, CA 91307
PURCHASE DATE
10/22/2010
PURCHASE PRICE
$310,000
COST OF REHAB
$57,000
MONTHLY RENT
$2,495
13860 Gavina Ave, Sylmar, CA 91342
PURCHASE DATE
11/30/2011
PURCHASE PRICE
$307,500
COST OF REHAB
$20,000
MONTHLY RENT
$2,295

12. 12 A L P H A P R O P E R T I E S
The Alpha Opportunity
Model successfully repeated
fifteen times in under two years
Approximately 40% below peak values
Impressive cash flow
Tax Shelter
Inflationary Hedge
Relatively low risk real estate investing
Streamlined process of
acquisition and rehabilitation
Properties located just a 20-40 minute
drive from the city of Los Angeles
Strong rental demand

13. transformations

14. 14 A L P H A P R O P E R T I E S

15. A L P H A P R O P E R T I E S 15

16. 16 A L P H A P R O P E R T I E S

17. SALE projections
CASH FLOW &
Sample Home: 13850 Garrick Street, Sylmar, CA 91342

18. 18 A L P H A P R O P E R T I E S
13850 Garrick Street, Sylmar, CA 91342
PURCHASE DATE
8/25/2010
PURCHASE PRICE
$266,000
COST OF REHAB
$33,000
MONTHLY RENT
$2,195

19. A L P H A P R O P E R T I E S 19
FIVE Year Sale Projection (33% Value Increase)*
Purchase Price 266,000.00$
Acquisition Fee to Alpha - 2% 5,320.00$
Closing Costs 1,300.00$
Renovation Costs 33,000.00$
Total Equity Required 305,620.00$
Estmated After Rehab Value 355,000.00$
Yearly Rental Income 26,340.00$
($2,195/mo rent)
Insurance 600.00$
Management 2,634.00$
Property Taxes 3,325.00$
Repairs and Misc 1,500.00$
Total Expenses 8,059.00$
Net Operating Income 18,281.00$
Annual Cash on Cash 6.0%
Per Leased Year
Five Year Sale Projection (33% Value Increase)
Purchase
Operation Expenses and Cash Flow
Purchase Price 266,000.00$
Acquisition Fee to Alpha - 2% 5,320.00$
Closing Costs 1,300.00$
Renovation Costs 33,000.00$
Total Equity Required 305,620.00$
Estmated After Rehab Value 355,000.00$
Yearly Rental Income 26,340.00$
($2,195/mo rent)
Insurance 600.00$
Management 2,634.00$
Property Taxes 3,325.00$
Repairs and Misc 1,500.00$
Total Expenses 8,059.00$
Net Operating Income 18,281.00$
Annual Cash on Cash 6.0%
Per Leased Year
Five Year Sale Projection (33% Value Increase)
Purchase
Operation Expenses and Cash Flow
Holding Period (Years) 5
Sale Price 472,150.00$
Broker's commissions (18,886.00)$
Other closing costs (3,500.00)$
Proceeds 449,764.00$
Less Investment (305,620.00)$
Net Profit 144,144.00$
Add Cash Flow (assumes 8 mo's vacant) 73,845.00$
Total Sale Profit + Cash Flow 217,989.00$
7% Preferred return to Investor 106,967.00$
Remaining Profits 111,022.00$
Alpha's Profit Share 55,511.00$
Investor's Profit Share 55,511.00$
Investor's Total 162,478.00$
(preferred return+profits)
Investor's Annual Return 10.6%
Cash Investment 106,120.00$
Sale Proceeds + Cash Flow 217,989.00$
Less Loan Payments and Loan Costs (66,257.55)$
Equity Accrued from Mortgage 15,321.96$
Net Income Before Distributions 151,731.45$
7% Preferred Return to Investor 37,142.00$
Remaining Profits 129,911.41$
Alpha's Profit Share 64,955.70$
Investor's Profit Share 64,955.70$
Investor's Total 102,097.70$
Investor's Annual Return 19.2%
75% loan at 5% interest, 30 yr amortization
Five Year Sale Projection (33% Value Increase)
Disposition
Financed Scenario
Holding Period (Years) 5
Sale Price 472,150.00$
Broker's commissions (18,886.00)$
Other closing costs (3,500.00)$
Proceeds 449,764.00$
Less Investment (305,620.00)$
Net Profit 144,144.00$
Add Cash Flow (assumes 8 mo's vacant) 73,845.00$
Total Sale Profit + Cash Flow 217,989.00$
7% Preferred return to Investor 106,967.00$
Remaining Profits 111,022.00$
Alpha's Profit Share 55,511.00$
Investor's Profit Share 55,511.00$
Investor's Total 162,478.00$
(preferred return+profits)
Investor's Annual Return 10.6%
Cash Investment 106,120.00$
Sale Proceeds + Cash Flow 217,989.00$
Less Loan Payments and Loan Costs (66,257.55)$
Equity Accrued from Mortgage 15,321.96$
Net Income Before Distributions 151,731.45$
7% Preferred Return to Investor 37,142.00$
Remaining Profits 129,911.41$
Alpha's Profit Share 64,955.70$
Investor's Profit Share 64,955.70$
Investor's Total 102,097.70$
Investor's Annual Return 19.2%
75% loan at 5% interest, 30 yr amortization
Five Year Sale Projection (33% Value Increase)
Disposition
Financed Scenario
* In the last four real estate cycles, we witnessed values which surpassed the previous peaks. The last market peak was in 2006, when housing values in our
region were 80-100% higher than current. This spreadsheet projects only a 33% increase by 2017. Obviously, the market may exceed or fall short of these
projections, and as such, we strongly encourage you to make your own projections. Electronic spreadsheets are available upon request.

20. a r i . l i n d n e r @ g m a i l . c o m • P : 6 1 9 - 3 0 9 - 6 7 9 0 • F : 6 7 8 - 6 9 3 - 7 4 2 9