Progress Report

Chris — Mon, 22 Feb 2010 19:55:47 +0000

Hey everyone just wanted to drop a quick note and let you know we have our first two deals on the market:

4515 Camberwell in Oakley OH came out better than expected and has had a lot of activity since being listed last week, you can check out the completed pictures here (granite and all)!

524 7th Ave Dayton KY, this is a really cute home perfect for the first time buyer, you can view the listing here.

Our lease option deal is going great 3082 Libra and we have received our first 2 months of income already, the tenant buyers are very happy with the home.

Our team has also negotiated a great deal on our next acquisition, this property is located in Mansion Hill a super trendy area of Newport, KY. This will be a beautiful renovation when complete. We are expected to close within the next 30 days for a purchase price of only $54,000 with an after repair value of the mid $150,000’s. Check out the street and have some fun here , .

We also have an exciting joint venture project going with one our field partners in the NKY area in which we are renovating a package of 4 homes to be sold later this year.

109 W.10th Newport KY duplex is progressing really well and will be an excellent money maker when complete.

K-1’s will be going out this week and quarterly financial statements will be available in March.

Thank you and have a great day.
Chris

February Updates

Chris — Fri, 05 Feb 2010 22:01:20 +0000

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

Newsletter: Current Events and Market Info

Chris — Wed, 03 Feb 2010 22:39:05 +0000

Check out our newsletter, it has some great info on our markets and recent news about the state of the market.

January Newsletter

4514 Camberwell Update

Chris — Wed, 03 Feb 2010 22:32:54 +0000

This project is moving along on schedule and looks great. The stainless steel appliances were ordered today and the house will be on the market Friday.

Check out some video of the progress here.

Update on Progress…1 Month Anniversary

Chris — Thu, 28 Jan 2010 17:32:13 +0000

Today is one month since the purchase of Incline Apartments and I would like to thank our partners for your participation. I was at the property on Monday and Tuesday of this week, we are currently in the process of renovating 9 units, replacing (upgrading) all exterior lighting and renovating the two laundry rooms. All but one of our existing tenants has paid their rent on time and 10 have signed new 1 year leases. Our leasing team has accepted several applications for the upcoming units and expect to be increasing the occupancy by at least 10% over the next month.

We currently have 6 shares remaining for investor participation, if you or someone you know is interested please have them contact me directly.

Our accountants have advised us that there is no need to file a 2009 return as the only transaction was the purchase of the property. You will be receiving a letter with the banking information and quarterly financials will be delivered in April 2010. The first round of distributions will take place in July 2010, which will be the close of the second quarter. If you have any questions please contact our office at 516.280.7674.

Check out some progress pics here.

Sincerely,

Chris Urso

Some video of 1334 Beacon street from my trip on Jan. 25th

Chris — Tue, 26 Jan 2010 18:42:47 +0000

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

National REIS Equity Partners I LLC puts 2 properties under contract in the last 2 weeks

Chris — Tue, 26 Jan 2010 18:34:29 +0000

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.

National REIS Purchases a 40 Unit REO Apartment Building in Cincinnati-December 28th 2009

Chris — Fri, 22 Jan 2010 15:23:08 +0000

January 2010
National REIS recently put together a group of private investors to purchase and renovate a 40 Unit Apartment Complex in Cincinnati OH and closed on December 28th 2009. This property was bank owned and purchased for only $260,000, you can follow our progress by checking back weekly. Check out some video from my last trip Incline Apartments
If you are interested in learning about this opportunity please email Chris Urso curso@nationalreis.com.

Current News

admin — Tue, 15 Dec 2009 22:19:27 +0000

Updates

See our latest update for SEPTEMBER

Holiday Open House at National REIS December