Investment Portfolio
Indian Creek Partners
Indian Creek Partners, LLC is a company created to purchase, renovate and manage a property which will be known as The Little Yellowstone Project (the project) going forward.
The project was purchased at considerably under market value in Ponderosa Park, about 4 miles from downtown Prescott, AZ.. Ponderosa Park, a single family resident community, is known for its unique cabins, small to luxurious, in tall pines, surrounded by beautiful mountain views with abundant hiking trails as well as having nearby lakes which provide fishing and kayaking most of the year. Prescott is a highly desirable place to live and weather, due to retirement or relocation, people want to live in Prescott. And, if they can’t live in Prescott, they want to vacation there.
Valuable Project
This is a truly valuable project because of its prime location and the unique potential for 3 rental properties on one lot. The property has great historic interest as it was the first house built in the area in the late 1930’s and was used as the “sales office” for the later Ponderosa Park subdivided lots. It consists of two recently renovated 500 sq ft cottages and a single garage. The ICP plan is to add 500 sq. ft more by either building a third cottage on the lot or putting a second floor on one of the existing cottages within 6 months.
Income Potential
The potential income is based on Prescott being a prime vacation destination with its temperate weather and four seasons. It’s only a 90 minute drive from Phoenix and there are many tourist attractions such as Whiskey Row, historic districts and museums, unique shops, entertainment venues and great restaurants. Tourism is Prescott’s number one industry.
ICP Business Revenue Plan
ICP’s total cost for the purchase and renovation of the project is $560,000. The revenue generated by the rental income of the property is projected to average $4-6000 a month which will cover costs of the overhead.
ICP’s business plan is to hold the acquired property for 3 years or less. The anticipated sale price at that time is $800,000 or more. This figure is based on the real estate market trends in Prescott. In addition, the value of having a property with 3 years of seasoned income makes it that much more attractive to potential buyers. Our projections are very realistic and represent a much greater return for any investor out there who is tired of 1-3% percent return on CDs or the unpredictability of the stock market whose average return on the Dow 500 has been under 10% return per year (based on keeping in for a seven year term. The projected return on an investment in The Yellowstone Project is 30%.
Real Estate Headache
Real estate is still the best investment for the most return on your money. The problem is finding the right property. It takes a significant amount of time, expense (commissions) and stress to choose a strategic purchase that will give you a good return. If you are not a savvy DIY kind of investor, you will have to hire a contractor and you will still have the headache of making all of the choices for the renovation and dealing with the rising cost of all the materials during the remodeling period. If your goal is to hold the property to increase its profitability, you also have the expense of hiring a management company to rent it to qualified renters or the nightmare of finding qualified renters yourself. Then, when you feel it’s time to sell to recoup your investment and cash in on your profit.. more than likely, you will have to renovate again which further diminishes any gain on your overall expected outcome.
Partner With Us
ICP has a plan we think will work better for you. The synergy of using the strategy of “the sum of the whole is greater than the part” is a much more realistic way to profit on real estate investing. Everyone’s investment goal is to improve their financial stability and together, we can make the most of our hard earned money without going through so many trials and errors.
The actual investment contract will include an exit strategy, if needed, as well as legal details. A copy of the contract can be furnished upon request.