Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions,...

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Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning .com July 18, 2013

Transcript of Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions,...

Page 1: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Information Packet on

Dennis Warr &Marti Castle Warrand their companyPlan Z Property Solutions, LLC Prepared forRealEstate.Finance.Ning.comJuly 18, 2013

Page 2: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Table of Contents

1. Personal Bios

2. Company Philosophy

3. Family Photos (2 pages)

4. Education: College Degrees & Military

Service

5. Credit Reports (2 pages)

6. Accomplishments & Experience

7. Articles of Incorporation

8. Membership Transfer Documents

9. Liability Insurance Policy

10.Overview and Pictures of Previous Projects

(3 pages)

11.Lender References

12.Investing References

13.Character References

Page 3: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Personal Bios

 MARTI:"I have always had an eye for the “opportunity house” and have required every real estate purchase I have ever made, including my own personal residences, to have potential as an investment property. I love turning a house that nobody wants into something lovely and desirable. I have twenty-four years of experience in the financial services industry, from being a partner in an investment advisory firm, to working as an auditor in a nationally recognized mortgage company. I bring considerable knowledge and understanding of how to put money to work in my current full-time role as the Plan Z Business and Finance Manager.“

MEET MARTI AND DENNISInvesting in Real Estate has been a passion for Marti and Dennis for many years. Currently, they own and manage more than $450,000 of real estate holdings. In addition, to purchasing, rehabbing, and reselling seven houses over the past 3 years, they have purchased and resold two apartment complexes for a total overall business profit of $125,000. And this is just the beginning… our goal is to turn 12 properties in the remainder of 2013 while solidifying the teams and streamlining the systems in place to support this productivity.

 DENNIS:"I have 13 years of sales and marketing experience in various capacities,

with a successful sales record over many years that encompassed selling cars to missionary work to recruiting for the Navy. I am a 20-year retired veteran of the U.S. Armed Services where I served for a time as a Navy Recruiter and Training Officer. Since my Navy retirement, I have been instrumental in the maintenance, repair, and finish work for several single and multi-family properties and the management of personally owned multi-unit rental properties. I bring much humor and dedication to Plan Z as the Construction & Sales Manager.”

Page 4: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Company Philosophy WHY PLAN Z?

We have the perfect team for successful real estate investing. We are successful for our investors because we have the right combination of knowledge, leadership, and breadth of experience to get things done. We are also part of a larger networked community of investors that support and facilitate each others’ success. Through this community, we have acquired the tools and systems that assist us to be highly productive and efficient in buying and selling properties. We also have the perseverance to patiently see things though. These are the things that set us apart and help us achieve success. At Plan Z, we utilize cutting edge software and technology to systematize the processes of property acquisition, cost analysis, strategic recommendations, and property resale. We “buy by the numbers,” but we also believe that negotiating is an art that is best handled by professionals with all the details at their disposal. Our systems give us that edge.

 OUR PHILOSOPHYIt’s not a deal unless everybody wins! We are ethical investors who want to lift and build the communities where we do business and to be part of the solution to today’s overwhelming economic problems. The tough times we live in hold hope and opportunity for Real Estate Investors. Now, more than ever, people need hope. Now more than ever, the nation needs investors with entrepreneurial spirit to make things happen. Now more than ever, there are deals upon deals filled with the opportunity to deliver that hope. Property values and interest rates are lower today than they have been in fifty years and with the continued fallout of the “recession,” there are more than enough deals out there to keep all the real estate investors working. There is abundance for us all. The high return on, and demand for, investments secured by real property that won’t evaporate with the descent of the stock market is higher than it’s ever been. Come help us take advantage of the opportunity to deliver real hope and change.

Page 5: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Family Photos

Marti & Dennis & Cassie

Dennis & his brother, Joe

Marti & son, Daniel, & his wife, Monica

Dennis, Marti, Donald, Katie (Marti’s daughter) & Katie’s husband, Erick

Marti – Most Current

Page 6: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Education & Military ServiceMarti

Real Estate Investor Training, 2010Nouveau Riche “University” at Scottsdale, AZ

Doctoral Candidate, Vocal Performance (ABD) Florida State University at Tallahassee, Florida

Masters Degree, Vocal Performance 2003Brigham Young University at Provo, Utah

Bachelors Degree, Vocal Performance, Cum Laude, 1990California State University at Los Angeles

Certification: Financial Paraplanner, College of Financial Planning, 1987

Dennis Real Estate Investor Training 2010

Nouveau Riche “University” at Scottsdale, AZBachelors Degree (almost finished), English, 1978-81

Brigham Young University at Provo, UtahArmy 4 years (Honorable Discharge, 1975)Navy 16 years (Retired with honor, 1998)

Page 7: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Credit Report - Dennis

TransUnion Credit Report SummaryApril 24, 2013PERSONAL INFORMATION

NAME: DENNIS C. WARR

DATE OF BIRTH: 1948

CURRENT ADDRESS: PO BOX 50475 IDAHO FALLS,

ID 83405 11/28/2011

SUMMARY TransUnion Experian Equifax

TOTAL ACCOUNTS: 25 26 22OPEN ACCOUNTS: 9 4 5 CLOSED ACCOUNTS: 16 22 17 DELINQUENT: 0 0 0DEROGATORY: 0 0 0BALANCES: $199,473 $199,450 $199,450PAYMENTS: $1,683 $1,685 $1,685PUBLIC RECORDS: 0 0 0INQUIRIES (2 Years): 0 1 0

YOUR CREDIT SCORE Score: 758 of 990

Grade: C

Created on: 04/24/2013

YOUR CREDIT SCORE Score: 770 of 990

Grade: C

Created on: 04/24/2013

YOUR CREDIT SCORE Score: 766 of 990

Grade: C

Created on: 04/24/2013

Page 8: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Credit Report - Marti

TransUnion Credit Report SummaryApril 24, 2013PERSONAL INFORMATION

NAME: MARTI CASTLEWARR

DATE OF BIRTH: 1956

CURRENT ADDRESS: PO BOX 50475 IDAHO FALLS,

ID 83405 12/2011

SUMMARY TransUnion Experian Equifax

TOTAL ACCOUNTS: 34 41 33OPEN ACCOUNTS: 10 8 10 CLOSED ACCOUNTS: 24 33 23DELINQUENT: 0 0 DEROGATORY: 0 0 BALANCES: $294,700 $294,700 $294,700PAYMENTS: $2,539 $2,539 $2,539PUBLIC RECORDS: 0 0 0INQUIRIES (2 Years): 1 1 1

YOUR CREDIT SCORE Score: 777 of 990

Grade: C

Created on: 04/24/2013

YOUR CREDIT SCORE Score: 776 of 990

Grade: C

Created on: 04/24/2013

YOUR CREDIT SCORE Score: 776 of 990

Grade: C

Created on: 04/24/2013

Page 9: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Accomplishments & Experience

FLIPS 566 Dalling St., Sugar City, ID$15,000 396 Center St., Shelley, ID $4,000 445 N 7th W, St. Anthony, ID$16,000 23 E 2nd S, Rexburg ID $75,000

(4-plex sold Nov 2011) 610 Terrace Dr, Idaho Falls, ID$20,000 1131 Garfield, Idaho Falls, ID$11,000 2290 Bittern Dr., Ammon, ID~$17,000

(rehab completed, sale pending)

975 Spratt Ave., Idaho Falls, ID$26,500 (rehab still in process, personally owned) (projected)

820 Saturn Ave., Idaho Falls, ID$25,000(recently purchased, rehab initiated)(projected)

RENTALS 1015/1017 N. Harrison Ave., Pocatello, ID

A 5-plex (gross rents/mo/ann)$1850/$22,200

539 Maple Dr., Rexburg, IDA duplex (gross rents/mo/ann)$1,600/$19,200

Property Net Profit

Page 10: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Certificate of Organization

Page 11: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Membership Transfer

Page 12: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Liability Insurance

Our Liability Insurance Policy is addressed through the purchase of a separate Landlord’s Property & Liability Insurance for each property we acquire.

We do not carry a separate Umbrella Liability Policy because it is not necessary at this time. This policy will be open for review in the future.

Page 13: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Overview and Pictures of 566 Dalling Dr.Purchase Price $78,000Rehab/Holding/Sales Costs $10,000Sales Price $103,000Profit $15,000

Page 14: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Overview and Pictures of 1131 Garfield Ave.Purchase Price $30,000Rehab/Holding /Sales Costs $29,000Sales Price $70,000Profit $11,000

Page 15: Information Packet on Dennis Warr & Marti Castle Warr and their company Plan Z Property Solutions, LLC Prepared for RealEstate.Finance.Ning.com July 18,

Overview and Pictures of 975 Spratt Ave.Purchase Price $47,000Rehab/Holding/Sales Costs~$35,000Sales Price $108,500Profit (projected) $26,500

We were living in this house while rehabbing it. Have moved to 820 Saturn to allow us to finish.