Feb. 2010

Hello:

I usually don't write 2 reports, but I have to share the new commercial lists with everyone. We need to work on all of these right away, because great deals like these do not last more than a week. If you are serious about moving forward, we will need an LOI and POF as the key to opening up all information. See the attached LOI form to use. POF can be hard or soft. The banks will not deal in any other method. This is not a think about it transaction.

As far as referals go it is going to be based on each opportunity. We are looking at a minimium of $10K for any of the commerical transactions, and can be as high as $40K. I can tell you what the referal fee as we move forward, average is $20K.

The first is clean list leh, this is bank direct national listing of REO properties. You can review the list for the properties that you like. The process is that I can get these properties at list price. I can negotiate a discount, but each property has its own story. These are all cash offers, but I can help you with lending via private equity, based on 20% down. This would create an all cash offer. You do need to have the 20% down. I can refer you to lenders that will get you prequalified.

I am high lighting several below that stand out to me.

I have done some work on Arlington, TX and I can tell you this one is a great opportunity. It is 11% cap rate, fully rented and no need of rehab. There are very few sales of apt complexes in this area, cause owners are holding on to them. Arlington is a great working class area that has a university, the new Cowboys stadium, shopping, Walmart and several amusement parks. This property was on the list last month but fell out of of escrow. So it is available now.

The second list is kd and is NPN or non performing notes. These are all multifamily in California. Everything on the list should be higlighted. Since these are NPN, the process is that the buyer would purchase the note and then foreclose on the note. The buyer would then have possession of the property. This is how we are able to gain access to properties prior to shortsale or foreclosure. These are cash transactions again with the same qualifications as above. The note price can be negotiated down, each case is an individual opportunity. You can expect savings of at least $100k+ or more from the FMV of today. I am planning on getting pricing at $0.70-75 for Calif that is tremendous. This list will be dated in 1 week. My source usually sells everything in 1 week. So lets not think about this. Everyone is always asking me about Calif and mulitfamily so I am delivering the goods. Its all about the action. Can you deliver on your side?

Ok the field trip to Indy is a go! I would anticipate that anyone that wants to go to fly out on 2/26. We will hold class on 2/27 and then visit the properties. I am coming back to California on 2/28 pm. Let me know if you can attend. We will also visit all of the areas that I have developed, in progress and will develop in the future. I will be staying at the Comfort suites. Website and contact information, http://www.comfortsuites.com/hotel-carmel-indiana-IN115?promo=gglocal Let me know if you need anything else for the trip.

BTW, this is what I am working on:

I am travling to TX this weekend to do the following:

I am finishing up the executive summery on the boat project. If I am successful on the funding then we will be having REI meetings on the boat with live music and bar this summer. Stay tuned!

I still have the 187 units avialable in Indy. I am working on parceling the 6 buildings so that one person would to put down $800K to finance. I am waiting on the information, so that will be available shortly. Proforma is free but will need LOI and POF to move forward beyond that information. Yes $25K finders fee available. 12 cap rate, 1 year free prop management. 85% OCC. located in rennovation central for Indianapolis.

I have leads on 5 condo units in Indy I am going to revitalize a small neighborhood of 60 units. I really need to only affect 15-20 units. I have several units on inventory that I am selling for $25-30K, but the new units will be selling for $40-$45K as we develop the neighborhood and increase the rents. If you want the bargin entry level price then buy these now. Fully rehabed and available on my website.

Working 2 local LA shortsales, and trying to get my offer accepted on 1 in Las Vegas.

My lawyer is reviewing my parntership contract for my Manhattan development partnership contract. This is 20-35 unit in center city. Can you believe that prices are $980/ sq ft? Even more for glass penthouses! We are looking at increasing the project by adding another building. Another real estate development project.

Working with lenders and buyers on selling 4 duplexs and 2 condos, 3 seperate buyers. I am completing 5 duplex projects for Feb.

I am staying mentally strong for the Orlando event next week. I can't wait to meet Robert K again.

You are up to date with me. What are you working on?

Mike Woo
949-388-0678

Hello again:

January is a very active month and I am acquiring 4 new duplex units to add to our inventory for Febuary. You will be able to see some of these properties as well as the current inventory on the new website www.longfininvestments.com come take a look at the new website. We are achieing ROI of 30-50% for our investors with the new inventory.

I also want to congratulate the following people for being the founding memebers of Longfin Investments Solutions a special thanks to: Paulina Brecheon, Bob Pennington, Doug Murch, Brian Payne, Elizabeth O'daly, Ivor Mc Callister, Dario Velarde, Freddy Camacho, Leslie de Lugo, Jeff Fulkerson and Ray Woo. These high acheivers are the lifetime members that are able to have full member access towards real estate development partnerships and recieving referal fees that average 6% on residential properties. Open membership extends through 7/01/2010. After that time membership will cost $1000 to join. Joining Longfin will no longer make you a rogue investor and you can print business cards and the inventory list direct from the website.

I will not be holding class in Febuary locally, since I will be traveling to Orlando to recieve my Hall of Fame award given to me from Robert Kiyosaki himself. I am sooo much looking forward to this moment. Instead we are holding class in Indianapolis on 2/27! You are all invited to come with me on this trip. You need to RSVP with me via email for details. The agenda will include a class in the am and then a tour of the properties that I am currently building and have transacted in the past. Each property has it's own story. We will be looking and visting all of them. Space is limited, so don't delay RSVP today.

Let me know what your goals are so that we can achieve them together!

Mike Woo

949-388-0678

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