Letter to Members

來源: jy101 於 2012-10-31 17:43:04 [] [博客] [舊帖] [給我悄悄話] 閱讀數 : (2098 bytes)
本帖於 2012-10-31 19:38:55 時間, 由普通用戶 jy101 編輯

Letter to Members


-- Written Monkeyboy, Director of Strategy Planning

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Dear Investors,



Yesterday we went to auction to bid on the properties that we presented to you last week. As you may know, the winning bid for 28 condos and 22-unit (21 rentable) apartment together came very close to $2M. Our research indicated the market value for these 2 properties is in $1.9M-$2.1M range. Therefore the winning bid was paying the market price.



Our strategy is buying distressed property at 50-60cents on the dollar, execute a turnaround plan and making a 50+% capital gain on top of annual operations cash flow of at least 10% on the cash we invest. We believe this strategy can provide us the best possible return and least risk for our investment. We are NOT satisfied in any income generating property with only 6-8% annual return from operations for these reasons (1) there is no room for margin of error (2) it cannot weather storms from economic downturn or demographic change.



Our strategy dictates that we need to be patient, maintain high level of discipline, do not overpay for any property to increase our investment risk and reduce our rate of return.



We followed our plan and maintained discipline yesterday. Although the outcome was disappointing to everybody, we don’t regret for the decision we made. Safeguarding your best interest is a high responsibility and one we approach with greatest seriousness. To be successful investors, it is not what we do; quite often it is what we don’t do. That is to refuse to overpay for an investment.



We thank you so much for the support and trust you have placed in Board of Directors, TZLC Investment Group LLC. Board is working diligently to look for other investment opportunities. Once we identify them, we will let you know as soon as possible. Meanwhile please maintain your patience and focus.



Best Regards,



Board of Directors, TZLC Investment Group LLC

所有跟帖： 

• 帶頭給老大們鼓鼓掌。說的好！ -08明前茶- ♀ 給 08明前茶 發送悄悄話 08明前茶 的博客首頁 (0 bytes) () 10/31/2012 postreply 17:51:01

• co: 給老大們鼓鼓掌. -雙擎- ♂ 給 雙擎 發送悄悄話 (0 bytes) () 10/31/2012 postreply 18:04:22

• 好！！！ -千裏66- ♂ 給 千裏66 發送悄悄話 (0 bytes) () 10/31/2012 postreply 18:05:36

• Was TZLC Investment Group LLC set up? -漫漫人生路- ♀ 給 漫漫人生路 發送悄悄話 (0 bytes) () 10/31/2012 postreply 18:08:12

• Yes. -08明前茶- ♀ 給 08明前茶 發送悄悄話 08明前茶 的博客首頁 (0 bytes) () 10/31/2012 postreply 18:10:17

• To be successful investors, it is not what we do; quite often it -黎明新生- ♀ 給 黎明新生 發送悄悄話 (85 bytes) () 10/31/2012 postreply 18:25:08

• discipline is virttue of a successful investor. -qiaoshe- ♀ 給 qiaoshe 發送悄悄話 qiaoshe 的博客首頁 (0 bytes) () 10/31/2012 postreply 18:55:54

• 回複：Great job! -ZhangZhouDaTou- ♀ 給 ZhangZhouDaTou 發送悄悄話 ZhangZhouDaTou 的博客首頁 (148 bytes) () 10/31/2012 postreply 19:08:23

• 現在還可以加入嗎？事實上從一開始我就說了我要加入，但沒人理我。是隻有大地主有份，還是小地主也可以？ -happymom- ♀ 給 happymom 發送悄悄話 (0 bytes) () 11/01/2012 postreply 06:44:23

• 可以加入.. -jy101- ♂ 給 jy101 發送悄悄話 jy101 的博客首頁 (132 bytes) () 11/01/2012 postreply 06:48:45

• of course you can join, qqh planotx or jy101 -Jeepster- ♂ 給 Jeepster 發送悄悄話 (0 bytes) () 11/01/2012 postreply 06:49:19

• Thanks! -happymom- ♀ 給 happymom 發送悄悄話 (0 bytes) () 11/01/2012 postreply 06:52:37

• 人人有份，就像夢姐說的那樣 -Jeepster- ♂ 給 Jeepster 發送悄悄話 (57 bytes) () 11/01/2012 postreply 08:23:49

• 鼓掌！ -煎餅加油條- ♀ 給 煎餅加油條 發送悄悄話 (0 bytes) () 11/01/2012 postreply 07:31:54

• 鼓掌支持！機遇總會有的 -canyonbear- ♀ 給 canyonbear 發送悄悄話 (0 bytes) () 11/01/2012 postreply 10:59:32

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