EFTA00385865.pdf

From: Ike Groff -4 To: )" Subject: FW: 120 Oak St-Groff house.xlsx Date: Tue, 13 Aug 2013 16:04:33 +0000 Inline-Images: irnage001.jpg: image002.jpg; image003.png; image004.rmg; image005.png You can read from the bottom but jason sent me a spread sheet about 120 oak and possible partnering with him. From: Ike Groff Sent: Tuesday, August 13, 2013 12:03 PM To: 'Jason Milligan' Subject: RE: 120 Oak St-Groff house.xlsx Well I am free tomorrow night if you are around. and Ty are going to Dallas tomorrow and I do not leave until Thursday night. We could talk about football outline for next week so you and I are on the same page. I hope to finish the Cisar book on my flights but you may want to highlight some important parts that you think are of significant importance. Regarding the house I am interested in understanding how it works. I am sure you have detected some frustrations with my current business. Still good but overall I see the world changing. I have been thinking a great deal about next opportunities in a career with flexibility so that I can do things I enjoy like coaching. You seem to have that in your life, I am sure that it came with a lot of hard work. I have been thinking that making the transition while still running my current firm makes the most sense. I worry that if I do not think of the future now I will end up doing something without the flexibility that I have now and not be able to coach at all. I think partnering with you makes a lot of sense or at least talking about it like you said. As far as house repairs I would think that before I even rent the house I need to paint the entire inside and perhaps update some of the fixtures in the master bath. Perhaps a few other smaller items also. We have made some other updates that probably add to the total value of the house like putting bedroom, full bath, gym and play room in the basement. Then again I have no idea how things like this are valued but renters / buyers. EFTA00385865 Let me know if you think tomorrow works. Maybe we could get dinner at Cherry Street. If not tomorrow I think we will be spending a great deal of time together over the next three months. From: Jason Milligan [mailto:, Sent: Tuesday, August 13, 2013 11:33 AM To: Ike Groff Subject: RE: 120 Oak St-Groff house.xlsx Ok. Let me know when you want to discuss it. 4.5-5% ROI isn't terrible for a house in NC. There are management and repair issues that may come up but it is part of the business. Jason Milligan Broker O (203)849-8100 C (203)-981-2300 E From: Ike Groff [mailto: Sent: Monday, August 12, 2013 8:16 PM To: Jason Milligan Cc: Ike Groff Subject: Re: 120 Oak St-Groff house.xlsx I am interested in learning more I certainly want to evaluate all options. EFTA00385866 Sent from my iPhone On Aug 12, 2013, at 5:01 PM, "Jason Milligan" - wrote: Ike, I started thinking about your house/situation the other day and wondered if there may be a better option for you. I have attached a basic spreadsheet that helped me analyze 120 Oak st as an investment for you. I currently have 5 real estate investment companies with partners. The company usually pays around 6% guaranteed interest to all capital invested. Plus each partner gets 50% of the net income or capital gains. The model I attached is simple. It doesn't account for depreciation that you could start taking once it becomes a rental property. Obviously there is piece of mind to having an investment house in New Canaan and there are very few if any real estate investments in New Canaan that provide a return much more than 5%. Plus keeping Oak st as a rental gives you the option of moving back there if you wanted. I am not sure if it makes sense for us to be partners, but it might be worth talking about. Let me know if you want to discuss it. Jason <120 Oak St-Groff house.xlsx> This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at 203-302-7300 or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachments) is strictly prohibited. If you have received this e-mail in error please immediately notify the sender at 203-302-7300 or by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein shall be construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy or sell securities or other financial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. Tourmaline Partners, LLC may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. EFTA00385867