The Las Vegas Market

1. The Las Vegas Market ICG Quarterly Meeting September 12, 2009 Glenn Evans, The Property Group 9/12/2009

2. DISCLAIMER AND HOLD HARMLESS This event (slideshow) features professionals for the attendees’ consideration to use their services. This event is not and should not be deemed to be a referral or recommendation of such real estate professionals. Nationwide Acquisitions, Inc., ICG, LLC, and their respective affiliates, agents, advisors, officers, directors, employees, members, managers, agents and/or controlling persons (collectively, “Organizers”), have made no express or implied representations or warranties as to these professionals other than the fact the professionals have indicated an interest in working with the event’s’ investor attendees. The organizers themselves have invested with and have used the services of most of the professionals presenting. Nevertheless the event organizers disclaim all representations and warranties, whether express or implied, concerning the professionals, including without limitation representations and warranties regarding the professionals’ competency, qualifications, skill and/or honesty. The Organizers strongly encourages attendees to interview any such professional and other professionals and make an independent determination as to who to ultimately retain. Attendees accept and assume all risk stemming from the above disclaimers and agree to hold each of the Organizers harmless from and against all losses, liabilities, claims, demands, damages, actions, costs and expenses, including without limitation reasonable attorneys’ fees, expert witnesses’ fees, consultants’ fees and related costs, that directly or indirectly arise out of attendees use of the information presented to attendees hereunder. 9/12/2009

3. The Las Vegas You’re Familiar With

4. Las Vegas 1984 - Pop. ~500,000

5. Las Vegas 2009 – Pop. >2,000,000

6. The Las Vegas Real Estate Market • LV was one of the first, and hardest hit cities • Prices have plummeted • The only appraisal comps are REO’s • Some market segments are 1/2 to 1/3 of 2006 selling prices!! • Many non-distressed owners have chosen to walk away from properties (also many previous investors) • This has created a tremendous opportunity!!

7. The Las Vegas Real Estate Market • Investors are out En Masse (many cash buyers) • Lots of first time buyers ($8,000 gov’t incentive). FHA loans (3 ½ % down) • August closings <$150k: 41.6% Cash 33.5 % FHA 75.1%

8. The Las Vegas Real Estate Market

9. The Las Vegas Real Estate Market

10. The Las Vegas Real Estate Market

11. How Do I Get My Offer Accepted? • CASH IS KING, PERIOD! Too many deals fall apart due to financing, especially appraisal issues. Banks are tired of it. • If there is a cash deal even close to a financed deal, cash wins. • Potential ways to make a financed deal stronger: • Larger down payment • Larger earnest money deposit • **Strong offer, and agree to pay any amount over appraisal in cash.**

12. What is our plan? • Age • 2004 or newer • Price • $100K - $160K • Condition • Minimal repairs / upgrades • Rental ROI • >8% • Expected Appreciation • Location • South • Southwest • Northwest • Proximity to strip & Airport STRIP

13. Property Management • The Property Group has been in business in Las Vegas for 35 Years! • Currently manage over 1500 homes, apartments, and commercial buildings. • Been with ICG from “the beginning”. • Large experienced rental/office staff. Most have been with the company >10 years. • In-house dedicated maintenance staff. • Long-term relationships with suppliers and contractors