MONROE, WA Located in Snohomish County, though only 20 minutes to Bellevue, Monroe was a prime market for growth during the nation's housing boom. Snohomish county's zoning allowed for large parcels, previously only divisible by 5 acres to yield a higher density if a large portion of the land was left as open space. While zoning was half the battle, available utilities, specifically water rights, were the other. After researching the city of Monroe's growth plans, we were able to target our search to those areas that were scheduled to receive city water service within a twelve month time-table. Multiple parcels were purchased comprising 60 acres for $600,000. The property was sold with 25 lot preliminary plat approval for $2,625,000.     NORTH BEND, WA Purchased in September 2008 during the midst of our country's economic meltdown, this mixed-use building was vacant and the second floor apartments were gutted, making anything but an all cash acquisition very difficult in the current market. The building was targeted because the small town of less than 5000 residents was well positioned for the 1300 jobs that were scheduled to come to the Snoqualmie Casio just a few miles down the road. An all cash purchase of $890,000 was negotiated down from the $1,500,000 list price. After $200,000 in renovations, the nine multi-family units were 100% occupied just four months after closing. A bank appraisal completed just five months after acquisition valued the building at $1,835,000.     KIRKLAND, WA Known for it's amazing waterfront community, Kirkland like much of the Puget Sound's eastside, was on the verge of experiencing tremendous retail growth in 2005. When a discounted for-sale-by-owner retail opportunity presented itself on Kirkland's waterfront we acted on the $1,225,000 asking price. The property was re-tenated and positioned for sale as the market began to see signs of slowing near the end of 2007. The property sold in 2008 for $2,210,000.     MOSES LAKE, WA Purchased a vacant, run down, 6000 square foot retail/office building for $100,000. Moses Lake was on the verge of experiencing exceptional growth due in large part from the $600 million dollar investment by REC/Silicon, the world’s largest dedicated producer of silicon materials for the photovoltaic industry. The addition of 600 new jobs to a small rural community was significant. The building now 100% occupied, experienced a $150,000 renovation from the studs out. A 2009 MAI appraisal valued the building at $575,000.     NOTE: these Case Studies are not an indication of returns on future investments. All investors must be accredited and by referral only.