Co-Op Realty Project | Contract Download with purchase

This is the BlacTec.biz Shared Realty Company project.

We will honor only the 1st 100 participants in this project.

Each participant purchases their $1,000 share >

We collectively purchase 0.5-1 acre of pre-scouted residential property determined by the Project Manager Curtis Jones.

The price of the property shall not exceed 70% of the total share. i.e. 100 people x $1,000 = $100,000.00 (Land purchase price is <= $70,000.00)

10-20 of the project participants will be extended the chance to be reimbursed their initial principal investment ($1,000.00), as well as be listed as co-signers for the $2,000,000.00 construction loan to build 2-4 $620,000.00 minimum listing price new construction home(s).

The GC of the new construction homes will charge $155-$220 per square foot to build the new home(s).

$155 * 2,500 sqft = $387,500 to contractor > List home to sell for $620,000.00
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Homes cost avg $387,500.00(4) = $1,550,000.00 | Our Const. Loan $2,000,000.00 - $1,550,000 = $450,000.00 remaining loan cash-on-hand.

$620,000.00(4 Homes Sold) = $2,480,000.00 (Gross Total Income) Avg $589,000.00 [@ 5% realtor commission] + $450,000.00 = $2,930,000.00 or [$2,356,000.00 + $450,000.00]
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Construction Loan $2,000,000.00 * (0.06 interest) = $120,000 -> $2,120,000.00 Total loan repayment = $750,000.00 remaining split among co-signers which is: $37,500 - $75,000 Profit Share.

Admin & Consultation fees: $60,000.00 absorbed by PMP.