I am David Zussman,
beginning In the year 2000, I started working with individual investors advising them on their personal financial and real estate investments. As my business grew, I didn’t have enough time to deal with each person individually, so I created investment funds (REIT’s) that could handle hundreds of investors who all wanted the same thing (high income and limited risk).
1. All investors will be paid 6% per year income paid quarterly at 1.5%
2. The name of the new real estate investment fund is DISTRESSED REALTY FUND 3, LLC. This LLC will be filed in Las Vegas, NV. The offering prospectus will be filed with the SEC, as a Private Place Memorandum.
3. All net profits from all sold houses and properties at the end of the expected 10 year operating life of the fund will be split with the Realty Fund Management, LLC receiving a 50 % share of all net profits and the fund investors receiving a 50 % share.
4. Each investment Unit will be $25,000 for accredited investors. The fund will not place mortgages debt on any of the purchased houses or properties. All purchased properties will be paid for by cashier checks or bank wires when purchased.
5. Management expects to invest a higher percentage of the fund's investment capital into buying more houses to produce strong rental income and net profits. The investment into tax lien certificates on properties purchased from county treasurers will be a smaller percentage of the fund’s investment capital.