ITEMIZE COST FOR RENOVATION

Greetings to you as you read this "Procedure", which will become known as the living document.

Group investing must be taught within the family. Group investing must be taught within the Black Community. Group investing must be taught with the understanding that it is a tool that can give us control. Group investing must be taught that not only does it gives us control economically but that it also shows us that we can accomplish great things by working together. What this Investment group will require each one person to make a commitment. A commitment to put aside one hundred dollars ($100) each month. Please send me your comments.

This ivestement group will begin to invest in residential real estate,resort real estate and later extend to other real estate venture.

I have listed some of the cost associated with purchasing a property to renovate.

Some Itemize Cost of the renovation Process

Price of Property
Additional Cost
Closing Cost
Cost to produce Drawings
Permit cost
Initial Clean Up, Trash removal, Furniture Removal, etc.
Plumbing
Mechanical, HVAC
Electrical
Roof, Replace/Repair
Exterior Painting
Window Replacement
Brick Pointing
Sidewalk and curb
Tree Removal
Framing
Drywall, Hang & Finish
Bath room, Vanity, fixture, flooring and wall tile
Kitchen, cabinets, flooring (tile)
Dinning room Flooring, (laminate, hardwood)
Living room Flooring, (laminate, hardwood)

As you might already seen, the information that is being passed on is talking about forming an investment group. The idea of putting away a fixed amount of money to invest as a group in real estate should not be alarming. We should already be putting aside a fixed amount of our pay for a rainy day, kids education or retirement. As a matter of fact this should be done for all the stated reasons. This commitment to put aside a fixed amount must be taught within the family. The idea of forming an investing group will be challenging because what must be overcome first is the idea that it can not be done, that you are going to be "Rip off" or that we as Blacks just don't work together. You have heard the expression countless times we are like "crabs in a barrel", as soon as you reach the top to get out you get pull back in by another.

Once the objections (CHANGE)of, it can not be done, that you are going to be rip off or that we as Blacks just don't work together to one of o.k. I will give it a try. Lets see if they can deliver. You will come to realized that you had nothing to fear, but fear itself. I invite you to be a part of this development "Procedure". Send your feedback to me. Lets built a multi million dollars Investment group that will be shown to future generation. Are you getting excited as much as I am? Some of you, that is reading this right at the moment, will be the founding Mothers and Fathers that will write the "Procedure".

This "Procedure" will state our "Mission Statement", the purpose for the Investment Group and how the Group is to govern itself. This Operating "Procedure" will become a living "Procedure" as it adapt to change in time and Government policy. The Investment Group will strive to fund its own project initially for the first five projects which should have an estimated value of at least two hundred and fifty thousand dollars ($250,000. WHAT IS THIS?before it attempt to leverage its assets. Any levergeing of the Group assets to fund any investment project must be satisfy, paid in full within five years.