The following is an example of how our project oriented
investment programs are structured:
| Gross Sales Proceeds |
$6,400,000 |
| Land |
$1,000,000 |
| Hard Costs |
$2,000,000 |
| Soft Costs |
$500,000 |
| Selling Expenses |
$400,000 |
| Management Fees |
$500,000 |
| |
|
| Net Income |
$2,000,000 |
| Note: Pro Forma for illustration purposes only |