Property Acquisition Cost:  $60,000

Closing Costs:  +/- $2,000 (per closing)

Total Transaction Purchase Price (including closing costs):  $62,000

Market Value Of Property:  $174,000 (see comps below)

Listing Price:  $165,000 (opinion of San Antonio agent we have worked with on other land deals in the past)

Anticipated Sale Price:  $145,000

Anticipated Transaction Completion Time:  120 days

Title or Notary Acquisition?  Title

Title or Notary Sale?  Title

Percentage Of Funding Required From Partner:  100%

Funding Partner Profit Split:  40/60 if sold fast – or 50/50 if sold over 90 days on market

Anticipated Budget:  $145,000 – $60,000 – $4,000 (CC) – $8,700 (6% agent fee) = $72,300

Funding Partner Receives:  $28,920 (at 40%, if sold within 90 days) plus return of capital ($36,150 if sold after 90 days on market)

For Sale Comps

#1:  3.6 acres – Price:  $210k ($58k/AC) – 448 Patton Rd, Somerset, TX
#2:  3.46 acres – Price:  $149k ($43k/AC) – 552 Peaceful Ln, San Antonio
#3:  5 acres – Price:  $175k ($35k/AC) – 1378 Gayle Ln, Poteet
#4:  4.03 acres – Price:  $160k (40k/AC) – Lot 6 & 7 Oak Ln, Poteet
#5:  4.14 acres – Price:  $170k ($41k/AC) – 52 & 53 Camelot Ln, San Antonio
#6:  2.05 acres – Price:  $145k ($71k/AC) – 730 Grey Stone, Poteet
#7:  2.32 acres – Price:  $180k ($78k/AC) – Hwy 16, Poteet
#8:  2.39 acres – Price:  $160k ($67k/AC) – 8831 S FM 2790, Somerset
#9:  3.9 acres – Price:  $375k ($96k/AC) – 5263 Smith Rd, Von Ormy

Median Price Per Acre Of Comps:  $58k
Market Value Of Property:  $174k (3 acres x $58k = $174k)