Turnkey Condo Conversion Investment Program and 1031 Exchange

35+% ROI New '08 Commuter Rail-Phoenix-Tempe, Az-Red Rox Condos Marketing Download

Phoenix-Tempe, Arizona

Turnkey Condo Conversion  Investment Program and 1031 Exchange

• Exclusive 12-14 Month Guaranteed Corporate Rentals + Renewals. Stong Exit Strategy Benefit.
• Positive Cash Flow $167/month, 24 months with 15% downpayment.
• Return-on-Investment 20-25% range in 2 years [conservative],
• Turnkey 11-Step  Condo Conversion Purchase Process + Pro Forma,
• Cash Flow Breakeven 85% Loan. Guaranteed Lease = Monthly Mortgage Covered.
• No Tenant Management or Maintenance  Management with Home Warranty Policy.

• Return on Investment 25-30% 2 year potential based on conservative appreciation (15%),
  area Municipal and Private Sector Projects completing 2007, 2008, 2009+.
• Bordering Tempe and Scottsdale; aerial photo highlights.
• 3 Blocks:  New Phoenix-Tempe Commuter Light Rail and Station completing Dec.2008. Historically property value increases 30-60% near light rail and station.
• Phoenix:  US Top 2 in job growth and creation 2005-2020. 
• <7 Minutes to Phoenix Sky Harbor International Airport
• 2.5 miles:  $250M Tempe Market Place Mall completing Summer 2007.
• 2.5 miles: $65M Tempe Performing Arts Center completing Fall 2007.
• 2.5. miles: Arizona State University, 62,000 enrollment and growing.
• 2 miles: Tempe Town Lake/Salt River Recreation/Boating/Pathways
• 1 Mile: Google new Phoenix office at ASU, Countrywide Mortgage, Wells Fargo Mortgage, Honeywell Avionics, US Airways World HQ.
• Walk to Papago Park + Golf Course + Phoenix Zoo
• Corporate  Lease/No Tenant Management:  (14) months + renewal w/ Oakwood Corporate Housing  #1 Worldwide.  Immediate and resale/exit strategy benefit. Eases Mortgage Approval process.
• No Investor Maintenance:  Home Warranty [Maintenance] Policy, 1 Year Free with purchase for all internal maintenance. Onsite HOA maintenance for minor repairs.
• All Contracts are Assignable.
• Less than 1% Property Tax.
• Prices/# Units +Rent: (14) 1/1’s-$190-$205,000/$1,060. (11) 2/2- $247,000 - $258,000/$1,320.
• Deposit: 3%. Refundable if mortgage not approved.
• Seller Incentive: Paid Closing Costs,  1/1’s; $4,000, 1/1+Den; $4,500; 2/2’s, $5,500-$6,500.
• Seller Incentive: $4,000 outside closing= Additional $167/month, 24 months.
• Phase 2: (15) Units, May -August 2007.
• Phase 1: (25) Units Sold Out.
• Preferred Lender:  Great Southwest Mortgage, Leading Arizona Private Mortgage Bank . (90) closings to date. Warranted for Condo Conversion FHA. Investor 85% Programs.
• All Premium Locations Units:  On Pool, Fountain, Mountain, Fireplaces, Corners.

RED ROX DEVELOPER ACQUISTION LETTER

PRO FORMA SPREADSHEET

UNIT SELECTION/PRICING/RENTAL RATES/LOCATION PREMIUMS 

RED ROX SITE-UNIT MAP + FLOOR PLANS

RED ROX AERIAL PHOTO POINTS OF INTEREST

RED ROX EXTERIOR PHOTOS

RED ROX INTERIOR PHOTOS

Contact: Larry Keyser, Ph: 617-270-6252
larrykeyser@condoswithcorporaterentals.com