Genesis Executive Summary

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  • Genesis Executive Summary

    !One of our companies is entered into an agreement to loan to 3 members of a farm co-op $864,000.00 dollars to allow them to purchase 2017 acres of land at $1,750.00 per acre just outside of Henderson, KY. The total cost of the land being bought thru a private estate sale is $3,529,750.00. The co-op members already have 1006 acres sold at $4000.00 an acre for a total of $4,024,000.00. So you see, as is, there is profit built into the pre sold land. Now the closing was to happen on July 18, 2014, however 2 weeks ago one of the 3 partners died putting the land purchase into probate.

    The remaining 2 partners have a working relationship with Bill Apostelos (the principle of the offering/WMA Enterprises) and they have asked him to come up with the outstanding balance of $864,000.00 to purchase the remaining parcel of land.

    !Bill is very politically connected in Kentucky and based on those relationships he has been afforded the opportunity to acquire land at wholesale price points. Bills relationship with the Lieutenant Governor of Kentucky, County Commissioner, and primarily the various estate attorneys that he deals with on a daily basis allows him to be notified about land that is going to auction before it actually does so. Bill has been doing these types of transactions for the past 11 years and has buyers ready to buy at a retail price point simultaneously as he purchases at the wholesale price point.

    !In regards too this specific contract (the clubs first with Bill), Bill has capital to complete the transaction, however when he was asked by the co-op to cover the balance it was at this time that a discussion began between Genesis Acquisitions Intl. llc. (our private investment club) and Bill. This relationship was birthed out of the potential realization that Genesis Acquisitions Intl. llc. could not only cover the cost of the outstanding balance of $864,000.00 due to complete the transaction, but also increase Bills overall buy rate on the wholesale side.

    It was explained that Bill had been leaving hundreds of millions of dollars worth of contracts on the table due to his limited funds. To date Bill and his co-ops have been buying land parcels in the $100,000 to $2,000,000.00 range with enough buyers on the retail side to pre sell the land. Genesis Acquisitions Intl. llc. and its partners have a long history of raising millions of dollars for projects world wide and we see this new relationship as being very lucrative moving forward. Upon asking Bill if he would be able to support significant growth on both the buy/sell sides his answer was a resounding, yes.

    !So Genesis Acquisitions Intl. llc. has entered into agreement with WMA Enterprises to increase his/our overall purchasing power. It will then be up to WMA to fulfill all land buys and share a pre negotiated commission back to Genesis Acquisitions Intl. llc. Upon

  • delivery of all monies to Genesis Acquisitions Intl. llc., Genesis will then distribute said monies based on a pro rata share back to the members of Genesis Acquisitions Intl. lllp.

    This process can be repeated several times in an approximate 4 to 6 week timespan with negotiated commissions ranging anywhere from 15 to 45% per contract. For the contract at hand Bill is willing to pay 20% to the lender and a 10% referral which will pay on September 9th, 2014. This is a significant ROI and delivered in a very favorable time frame. So our first order of business is to complete this outstanding contract of $864,000.00 and bring it to closing on September 7th.

    !Moving forward there are several keys to what will make this relationship so very special. First, the frequency of land purchases on Bills buy/sell side. Bill can comfortably execute up to 10 land contracts a month. Second, with profit margins ranging anywhere from 15% to 45%, our membership will be the envy of even the most sophisticated investor. Third, the time frame for ROI based on the criteria set forth will typically be in the 4 to 6 week range and last, and perhaps most important is the overall safety of how Bill performs or in laymens terms the proverbial icing on the cake

    !Bill has an unencumbered land trust worth $1.7 million dollars that he will allow Genesis Acquisitions Intl. llc. to take a 1st position lean on during the duration of the transaction. Once closed and club members paid, Bill will then remove Genesis Acquisitions Intl. llc. from the trust.

    This process can be repeated and the trust used multiple times without cease as long as the investment does not exceed the value of the trust or that the trust is leaned to capacity.

    With that said it is important to note that Bill has several properties across the U.S. totaling approx. $9,000,000.00 in value. So in essence, multiple land trusts can be created to collateralize the increased purchasing power that the club will bring moving forward.

    !The land trust thus protects our memberships principle investment by acting as collateral and essentially until we fill the entire collateral position of the trust Bill is taking all of the risk. Simply due to the fact that in the event that he defaults he will have to liquidate and pay back the members far more than the principle invested by the membership. So based on the fact that the land trust is worth nearly double the principle investment at the $864K investment level he is not going to let an investor walk away with that property and even if he does you now own 1.7 million dollars of farmland that is producing a yearly revenue of 85k.

    The fact that Bill has been performing these exact type transactions for the past 11 years, the ratio of land trust value to investment principle, and Bill recognizing how powerful this new relationship can be moving forward, would suggest that Bill will not default on paying our back our membership. It certainly would not be in his best interest to do so.

  • !So it is important to remember, if he pays we move forward with the relationship and if he does not Bill has a 10 day cure period to make the membership whole.

    In case of default, Genesis Acquisitions Intl. llc. will then contact the Executor of the land trust and demand that the trust be fully liquidated and be done so at the full expense of the Executor/Trustee of the land trust, Attornet at Law, Mr. Steven Scudder.

    Upon liquidation of said land trust all monies will be dispersed back to Genesis Acquisitions Intl. llc., where by then Genesis Acquisitions Intl. llc. will then disperse back to Genesis Acquisitions Intl. lllp. all members who contributed funds based on a pro rata share.

    Thus making them whole by returning all monetary difference that will remain between the total principle investment and entire liquidation of the land trust. The time frame for liquidation will vary, however based on due diligence and historical evidence in the surrounding areas of the trust location, it should take no longer than 3 to 4 weeks to liquidate. In case of a fire sale there is the distinct possibility that the liquidation could be completed within 1 week. So it is important to internalize that all parties are protected and the criteria of a lucrative, lasting, and most important, a safe investment model is being provided.

    !As we further develop our relationship with WMA Enterprises not only will we be earning commissions through the buy/sell model but the opportunity to acquire/purchase land will also be made available to us. Many of the buyers that Bill is selling land to on the retail side are buying the land along the I-69 corridor in Henderson, KY and zoning it commercial. They are doing so in preparation for the eventual development that will begin in the near future. At that time the value of property will be worth far more than what Bill is selling it for retail right now let alone what he paid for it wholesale.

    It is also important to note that Bill acquires many parcels of land and the option to buy land that is producing crops will also be made available to us. This is important because as history has shown, when the markets/economy takes a negative turn the prices of commodities sky rocket. To have ownership of producing farmland will be very attractive.

    !Moving forward as stated earlier, there are many of these buy/sell opportunities that Bill will make available to us. So this can easily be a 6 to 7 figure monthly income for all Genesis Acquisitions Intl. lllp. members once established. In closing, with Bills proven history of performance and the overall safety of each transaction this offering should be taken very seriously.

    !!!

  • !In order to see the estate appraisal for the land trust, its tax and appraisal history as well as its unencumbered status please visit clarkcountyauditor.org. Then go to property search, once there a parcel number will be required to see the details of the land trust. There are two parcels associated with the land trust, they are 1301505999000008 and 1301505999000009. See also the trust agreement as well as other supporting documentation in the Genesis dropbox.