Dear Investors, everything is going well in National REIS Equity Partners I LLC. You will be receiving your annual K-1 by March 1st 2010 along with another distribution. We are set to close on the sale of two properties within the next week:

5 Valleyview Court Cincinnati was sold in less than 2 weeks on the market and will generate a nice profit for the partnership. Check out the pictures to this beautiful property here.

4748 Dale Rd Cincinnati OH was also sold in less than 2 weeks on the market and will generate over a 15% return in less than six months. Check out the pics here.

We are still holding 1004 Overlook for rental income which is providing the partnership with a net monthly income of over $700 and 1334 Beacon is coming to market next week. You can see can see completed pics of  1334 Beacon Street Cincinnati here.

5149 Sumter is currently on the market for $99,900 and we are expecting an offer any day now, it is by far the nicest home on the street for its price point, this property is projected to yield a 22% return on investment. Check out the staged pics and you wont believe what you get for $99,000 in Cincinnati.

As always our acquisition teams are working hard to secure more deals for us and we anticipate a large amount of REO (bank owned) inventory to be hitting the market in the coming months. We are also working diligently in researching several potential markets to expand our operations in 2010.

Have a great weekend and please contact our office with any questions.

Best regards,
Chris

This property is nearing completion and will be on the market within 10 days for a list price of approximately $112,000. We look forward to updating you with a contract soon.

Check out my walk through

It looks like market activity is picking up coming out of the holidays, we received and executed two contracts for properties that were renovated and marketed in this partnership. These two deals will yield a $30k profit for the partnership.