Letter to Members

来源: jy101 于 2012-10-31 17:43:04 [] [博客] [旧帖] [给我悄悄话] 阅读数 : (2098 bytes)
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Letter to Members


-- Written Monkeyboy, Director of Strategy Planning

=======================================================================================================================

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： 

• 带头给老大们鼓鼓掌。说的好！ -08明前茶- ♀ 给 08明前茶 发送悄悄话 08明前茶 的博客首页 (0 bytes) () 10/31/2012 postreply 17:51:01

• co: 给老大们鼓鼓掌. -双擎- ♂ 给 双擎 发送悄悄话 (0 bytes) () 10/31/2012 postreply 18:04:22

• 好！！！ -千里66- ♂ 给 千里66 发送悄悄话 (0 bytes) () 10/31/2012 postreply 18:05:36

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

• Yes. -08明前茶- ♀ 给 08明前茶 发送悄悄话 08明前茶 的博客首页 (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- ♀ 给 黎明新生 发送悄悄话 (85 bytes) () 10/31/2012 postreply 18:25:08

• discipline is virttue of a successful investor. -qiaoshe- ♀ 给 qiaoshe 发送悄悄话 qiaoshe 的博客首页 (0 bytes) () 10/31/2012 postreply 18:55:54

• 回复：Great job! -ZhangZhouDaTou- ♀ 给 ZhangZhouDaTou 发送悄悄话 ZhangZhouDaTou 的博客首页 (148 bytes) () 10/31/2012 postreply 19:08:23

• 现在还可以加入吗？事实上从一开始我就说了我要加入，但没人理我。是只有大地主有份，还是小地主也可以？ -happymom- ♀ 给 happymom 发送悄悄话 (0 bytes) () 11/01/2012 postreply 06:44:23

• 可以加入.. -jy101- ♂ 给 jy101 发送悄悄话 jy101 的博客首页 (132 bytes) () 11/01/2012 postreply 06:48:45

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

• Thanks! -happymom- ♀ 给 happymom 发送悄悄话 (0 bytes) () 11/01/2012 postreply 06:52:37

• 人人有份，就像梦姐说的那样 -Jeepster- ♂ 给 Jeepster 发送悄悄话 (57 bytes) () 11/01/2012 postreply 08:23:49

• 鼓掌！ -煎饼加油条- ♀ 给 煎饼加油条 发送悄悄话 (0 bytes) () 11/01/2012 postreply 07:31:54

• 鼓掌支持！机遇总会有的 -canyonbear- ♀ 给 canyonbear 发送悄悄话 (0 bytes) () 11/01/2012 postreply 10:59:32

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