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MAJIC PRESENTATION
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Majic Holdings LLC
Jim McDonoughOwner/Manager
Investing in Real Estate inNorth Carolina South Carolina
Georgia© Majic Holdings, LLC. 2012. This material may not be reproduced, displayed, modified or distributed
without the express prior written permission of the copyright holder. For permission, contact [email protected].
HOUSE FLIPPING STRATEGYCAROLINAS
Disclaimer•MAJIC HOLDINGS, LLC and/or JAMES EDWIN MCDONOUGH IV does NOT represent to be a United States Securities Dealer or Broker or US Investment Advisor.
•As a Representative of MAJIC HOLDINGS, LLC and/or JAMES EDWIN MCDONOUGH IV , we make no Warranties or Guarantees or any representations to the investor, 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 a solicitation for any purpose in any form or content and are provided here for educational purposes only.
• This information presented and any related documents hereto is a response to a formal request of information only. Upon receipt of the information and/or documents, the recipient hereby acknowledges this disclaimer. We do not provide securities or security related advice.
•No information herein shall be construed as a solicitation of investment funds or a securities offering in any way.
FORWARD LOOKING STATEMENTS
Why Flip Houses Now?
Home sales in Carolinas up 37% over 2011
Many people are moving to the area (Forbes)
The time is nowMarkets are turning up
How it WorksWe 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
Example 1 of a Closed TransactionThis 3 BEDROOM 2.5 BATH single-family home in
good shape was:Appraised for $111,992Purchased for $58,000Repairs for $10,000Sold in 147 days for $99,900Total Net Profit of $19,907 (after sales cost and commissions)
Example 2 of a Closed TransactionThis 3 BEDROOM 2 BATH single-family home in
good shape was:Appraised for $79,727Purchased for $40,000Repairs for $13,315Sold in 63 days for $88,154Total Net Profit of $28,668(after sales cost and commissions)
Example 3 of a Closed TransactionThis 3 BEDROOM 2 BATH single-family home
in good shape was:Appraised for $81,250Purchased for $40,654Repairs for $0Sold in 15 days for $75,000Total Net Profit of $26,115 (after sales cost and commissions)
Example 4 of a Closed TransactionThis 3 BEDROOM 1 BATH single-family home in
good shape was:Appraised for $64,681Purchased for $35,500Repairs for $0Sold in 15 days for $65,800Total Net Profit of $28,422 (after sales cost and commissions)
Example 5 of a Closed TransactionThis 3 BEDROOM 2.5 BATH single-family home in
good shape was:Appraised for $90,000Purchased for $40,000Repairs for $2,575Sold in 1 day for $75,000Total Net Profit of $31,615 (after sales cost and commissions)
Management
Majic Holdings LLC
Jim McDonoughOwner / 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 experience
ALONG WITH A TEAM OF REALTORS and CONTRACTORS
Jim’s Track Record
Risks
Economic Changes - Macro
Property does not sell as promptly as expected
Volatile Market - Micro
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
Distribution Upon SaleFor Example Only – Part 1
Purchase Price: $50,000PLUS Repairs & Expenses:
$10,000EQUALS Total Investment:
$60,000
Example, Part 2Sale 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
Projected Schedule
BenefitsGreat Cash Flow Investment
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
For More Information
Jim McDonough
Phone: 954 306 3586 - ask for Katie
Testimonials