What is your primary business?
We buy homes at county foreclosure sales, remodel, and sell them.
Who are the LLC managers ultimately responsible for my money?
Jon Vickers & Joseph Ashkouti
What makes you better at this business than anyone else?
1. Aggressively analyzing with software and attacking this market in a way a hedge fund manager would versus a group of contractors or local real estate investors. The fund’s capital power becomes our main competitive advantage to compete against other smaller investors.
2. Jon Vickers is a CIO and software developer managing over 30 software engineers. Jon has written proprietary software and formulas to analyze over 8000 foreclosed homes each month. Using this software we analyze a wider array of properties than the average foreclosure investor.
3. Our management team is tactful at contractor negotiations and uses various motivations, such as quick electronic vendor payments, to keep renovation speed as fast as possible.
How much debt are you looking to raise?
We are seeking 4 million dollars in notes at 8.0% annual interest paid out monthly.
Who are all the members of the LLC?
Heritage Capitol Partners, LLC (Ashkouti Family) (50%) and Vickers Investment Fund / Jon Vickers (50%). Michael Ashkouti and Joseph Ashkouti control > 50% of HCP.
How do I know you will not over leverage the company?
The promissory note you will be written as well as the LLC operating agreement have a limit of 75% debt to asset ratio. Currently the members have 3.0 million capital invested.
Can I hold a security deed against a property?
Not realistically, due to the way the foreclosure process works it takes us between 5-8 weeks to receive the final executed deed. We are selling the properties between 60-120 days. There is not enough realistic time to get the executed deed and file a security deed. We are holding all deeds in the name of the LLC and letting the LLC guarantee the notes to the investors. This provides improved liquidity as an investor is not tied to a single property.
When can I get my money back?
We are asking for 60-90 days notice from note holders to request return of capital. We will try to facilitate any request as soon as liquidity can be obtained through the sell of property. Refer to the promissory note for how to notice request of capital back.
Are you crooks, scam artists, or running a ponzi scheme?
No. Through due diligence you can look at public records to prove we own the houses we claim we own. You can also research the values of the homes easily on Zillow.com. Also contact our bankers and contacts to follow up on our activity.
How can I lose my money?
The first losses will be covered by the original LLC Member capital contributions of 1.5 million from Joe Ashkouti and 1.5 million from Jon Vickers. If losses exceed these contributions see the investment risks.