GONGU Group Holding by fabiana gonzalez

GONGU GROUP HOLDING

Gongu Group Holding is excited to announce the acquisition of 24 units across 5 buildings in the prestigious Victoria Park neighborhood of Fort Lauderdale. This prime location boasts excellent potential for future appreciation and outstanding short-term rental income. We secured a buying contract on April 1st, 2024, and the properties will be upgraded to a total value of $7.2 million.

We have secured financing through a combination of mortgages on the acquired properties and existing assets within the Holding Group. This strong financial foundation allows us to offer an exciting opportunity for investors.

We are seeking investors for a secure $1.7 million loan with competitive interest rates. Contact us for details.

CONTENTS INVESTING IN FORT LAUDERDALE VISION BUSINESS PLANNING OUR PROPERTIES

FINANCIALS

LEGAL STRUCTURE & OWNERSHIP

INVESTMENT OPPORTUNITY APPENDIX

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INVESTING IN FORT LAUDERDALE

Downtown Fort Lauderdale has become one of the most desirable places to live, work, and visit in the country.

Fort Lauderdale’s coastal cool vibe and sophisticated urban lifestyle complements a dynamic business hub, thriving arts community, and emerging restaurant scene. Glistening waterways and beautiful beaches are the heart of Fort Lauderdale’s identity. With a public space renaissance underway, Downtown Fort Lauderdale is quickly becoming one of the most livable cities in the country.

Downtown FTL By The Numbers

$35B annual economic impact

since 2019

65,000 employees

since 2019

26,000+ residents

since 2019

13,000+ residential units

since 2010

1,500+ hotel rooms

since 2018

5th most Pet Friendly City

Growth in Downtown Fort Lauderdale exceeds Austin and Atlanta.

– South Florida Business Journal

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+6B

+118%

+290%

+11%

+92%

the U.S.

Since the start of the pandemic, the population in DowntownFTL has increased faster than the downtowns in Nashville, Austin, and Tampa.

Downtown FTL’s growth over the last 5 years has been fueled by the addition of kids, families, and young professionals.

Share of Downtown Employment in High Wage Industries: Professional Services, Law, Finance, Information, and Healthcare

KIDS YOUNG PROFESSIONALS FAMILIES Downtown Austin

Miami Downtown Nashville Downtown Austin Downtown Tampa 10% 10% 20% 20% 30% 30% 40% 40% 50% 50% +39% 45% +22% 44% +16% 42% +12% 38% 28% +85% +65% +80%

Downtown Fort Lauderdale Downtown Fort Lauderdale Downtown Nashville Downtown Tampa

Downtown

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DOWNTOWN FORT LAUDERDALE

OUR PROPERTIES

Victoria Park

• 525 NE 17th Way: Fourplex

• 437 NE 17th Way: Duplex

• 301 NE 17th Ave: Fourplex

• 1702 NE 9TH Ave: Fourplex

• 820 NE 17th Ave: Nineplex

• 828 NE 17th Ave: Sixplex

• 832 NE 17th Ave: Duplex

• 840 NE 17th Ave: Triplex

Sailboat Bend

• 817 SW 4TH ST: Fourplex

Fort Lauderdale Isles

• 65 Hendricks Isle, Dock 11

• 65 Hendricks Isle, Dock 10

• 65 Hendricks Isle, Unit 7

• 65 Hendricks Isle, Unit 6

• 65 Hendricks Isle, Unit 5

• 65 Hendricks Isle, Unit 4

• 65 Hendricks Isle, Unit 3

• 65 Hendricks Isle, Unit 2

• 65 Hendricks Isle, Unit 1

TOTAL: 48 UNITS

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FINANCIALS

Holding Valuation

“In the past 5 years, Gongu Group Holding has experienced significant asset growth, increasing from $2,555,000 in 2020 to $15,925,800* by the end of 2024, while maintaining a debt-to-asset ratio lower than 56% and successfully raising $3,500,000 in capital. A substantial portion of this expansion is attributed to the appreciation of our properties. We forecast this upward trend to persist in the years ahead.”

*Based on third-party appraisal updated in december 2023

CASH RESERVES: $250.000

Return On Investment

Considering principal payments on the loans in addition to property appreciation and the cash flow generated by the rental income, Gongu Group Holding has maintained, since 2020, an average ROI of 26%, largely impacted by the soaring inflation during the pandemic that increased the value of our properties by an average of 12% during 3 years.

From the year 2024 until 2029, we forecast an average ROI between 17% and 19% with an average property appreciation of 4.5%.*

*Based on US national real estate historical data

*Capitalization rate : Calculated by dividing a property’s net operating income (NOI) by the property’s current market value.

*Net operating income: Calculated by substracting gross operating income – operating expenses (does not include mortgage payments or any financing-related costs)

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CAP RATE* 7% NOI* $1.032.668

Projected Free Cash Flow

“From 2020 until 2022, free cash flow as a percentage of cash invested has grown steadily due to the Holding’s ability to increase rent and lower expenses. Low-interest rates on acquired debt play a significant role in the Holding’s expense category. During the 3-year period from 2019 until 2022, Gongu Group Holding has been able to lock in favorable interest rates at an average of 3.5%. However, during this period, opportunities to acquire properties at favorable prices are at their lowest due to high market demand.”

“Since 2022, the market has entered into a high-interest cycle of approximately 8%. During this phase, the Holding has identified opportunities to acquire properties at a discount, with a low impact on its free cash flow. Although these acquisitions do not contribute to the free cash flow position of the Holding in the short term, they allow the Holding to refinance its debt entering into the forecasted cycle of stable interest rates, estimated at 4.5% in the year 2027*, thereby increasing the free cash flow as a percentage of cash invested in the medium term.”

*Based on the median interest rate forecast among members of the policy-making Federal Reserve Open Market Committee

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LEGAL STRUCTURE

Managing individual rental properties can be time-consuming and require significant resources. Gongu Group Holding offers a compelling solution by consolidating properties under one structure with professional management, allowing investors to:

• Benefit from diversification and economies of scale

• Gain access to expertise and potentially higher returns

• Enjoy greater liquidity and a clear exit strategy

Structure & Management

Gongu Group Holding unifies various properties, creating a streamlined and efficient real estate portfolio. A dedicated team of experienced professionals oversees the properties, aiming to maximize their performance and profitability.

Financial Advantages

Financial Leverage: Gongu Group Holding can negotiate higher loan to value at potentially lower rates than individual investors due to its size and creditworthiness. This leverage can magnify returns on investment.

Negotiation Power: The combined buying power of multiple properties gives Gongu Group Holding stronger negotiation power with vendors and service providers, potentially reducing costs.

Liquidity: Investors may find it easier to buy or sell shares in Gongu Group Holding compared to individual properties, increasing tradability.

Economies of Scale: Sharing resources and expertise across multiple properties leads to cost savings through economies of scale.

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Diversification: By investing in Gongu Group Holding, investors gain exposure to a diversified portfolio of properties, potentially mitigating risk compared to single property investment.

Financial Advantages

Higher Returns: Effective management, financial leverage, and economies of scale aim to deliver higher returns for investors.

Exit Strategy: Gongu Group Holding offers a clear exit strategy, such as selling shares.

From a legal and liability protection standpoint, the LLC business structure forms a wall that shields individual LLCs from business liabilities against each other, functioning as disregarded entities.

From an accounting perspective, the Holding’s structure does not file separate taxes; instead, company profits and losses flow through to the owners and are subject to each owner’s individual tax rates. Nevertheless, the Holding has the ability to report those profits in a favorable way to minimize tax implications for its shareholders. This can include strategic tax planning and utilization of deductions and credits available under tax laws.

Ownership Distribution

Gongu Group Holding investors have demonstrated confidence in the company’s long-term vision. Their ongoing commitment is evident through their continued capital investment, underscoring their support for the Holding’s objectives. The investors share the company’s vision of acquiring properties and initiating the construction and development phase in 2030. This alignment between the investors and the company’s strategic goals is a positive indicator for future growth and success.

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VISION

“At Holding Gongu Group LLC, our vision is to upgrade urban living in the surroundings of downtown Fort Lauderdale by providing affordable, high-quality housing that exceeds expectations. We strive to elevate the standard of living by transforming existing properties in low-density neighborhoods and delivering exceptional rental services, ensuring our tenants experience comfort, convenience, and satisfaction. Guided by principles of good taste, attention to detail, hard work, and a long-term vision, we are committed to setting new benchmarks in the real estate rental market, enriching communities, and fostering lasting relationships with our tenants and stakeholders.

Looking ahead to 2030, we envision expanding our role as real estate developers in Fort Lauderdale. Our goal is to transition from managing a portfolio of 47 units to developing and managing a portfolio of 100 units. This strategic expansion will establish a robust pipeline of properties in a premium location. From 2030, we anticipate Fort Lauderdale experiencing high demand for new construction housing. Leveraging our mature portfolio, we will meet this demand and ensure sustained growth and prosperity as real estate construction developers for decades to come.”

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BUSINESS PLANNING

This plan outlines the key components of Gongu Group Holding execution strategy to achieve its vision

Strategic Acquisitions

Acquisitions are meticulously evaluated by a team with extensive experience in the area, including realtors, a third-party financial advisor, and in-house experts. This ensures investments align with market trends and maximize returns. Additionally, prioritizing distressed properties with upgrade potential allows for value creation through renovations.

Partnerships

To optimize operations and financial performance, Gongu Group Holding has established key partnerships with industry professionals:

Real Estate

Partnering with realtor Tony Muci’s team at Exp Realty grants access to exclusive opportunities and reduces acquisition costs.

Financing

Mortgage brokers like Chad Zwolinski and Benito Carmona help secure financing with favorable terms, minimizing costs and optimizing capital structure.

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Insurance

Julio Trujillo and Rafael Navarro provide tailored insurance coverage to safeguard the portfolio against potential losses.

Real estate attorney Marrero from Marrero Escrow & Title ensures smooth transactions and handles legal aspects.

Legal

Accounting & Finance

Marketing

CPA Ivan Naranjo provides strategic tax planning and assists with financial reporting. Carrasquero & Sucre LLC consultants advise on acquisitions, budgeting, and financial engineering.

Marketing consultant Maite Uralde develops and measures the effectiveness of marketing campaigns to maximize occupancy and revenue.

Upgrading Acquired Properties

Rental Marketing Solutions Management

Rental Business Operations

Plan

Gongu Design, the in-house design team, executes renovations while maintaining quality and controlling expenses through a fixed-rate fee of 10% per project.

Bungalow Solutions LLC, a wholly-owned subsidiary, manages rental operations directly to protect property value. Their services are provided at a fixed cost of 12% of rental revenue.

Properties are included in the “Tepuy Apartments” rental marketing strategy, leveraging a team of marketing experts to increase occupancy and revenue through targeted campaigns.

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Real Estate Development Strategy

Gongu Group Holding plans to initiate development and construction of its properties starting in 2030. A design draft has already been created for the property located at 65 Hendricks Isle*. Currently, management is collaborating with architect Juan Pablo Camacho to develop architectural designs for all properties in the portfolio.

Once design drafts are complete, they are submitted to the City of Fort Lauderdale for review by city officials. This process allows officials to assess project viability and provide preliminary approval, along with any necessary steps for obtaining building permits.

The design drafts serve a crucial purpose in estimating construction costs. Additionally, they factor in “soft costs” such as architectural design fees, engineering expenses, legal fees, and permit costs. With these comprehensive estimates in hand, management can make strategic decisions based on data. This includes determining the minimum sales price per square foot required to achieve the expected return on investment for each project.

Gongu Group Holding prioritizes a market-driven approach to development. Management will closely monitor market trends, specifically focusing on the selling price per square foot of new construction in the desired area. Development will only commence when market conditions indicate that the selling price exceeds the calculated project viability estimate. This ensures a strong return on investment for Gongu Group Holding and its investors.

*Business plan and render available in appendix

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INVESTMENT OPPORTUNITY

Benefits

Important Consideration Ownership Conversion

• High and Consistent Returns: Predictable income stream with interest payments every 6 months.

• Security: Investment is secured by valuable company assets, cash flow and cash reserves.

• Growth Potential: Option to receive principal repayment in May 2028 or convert it into an ownership stake in Gongu Group Holding at an 8% discount.

Gongu Group Holding LLC is seeking investors for a secured loan of $1.7 million offering a competitive 12% interest rate. The loan is backed by our substantial assets (valued at $15.8 million) and cash reserves ($250,000). The loan has a prepayment option after 1 year (full or partial payments allowed). If opting for ownership conversion, a third-party appraisal will determine the current share value and the lender will receive an 8% discount.

Investors can choose to receive their principal repayment in May 2028 or convert it into ownership of Gongu Group Holding. Here’s how it works:

• A third-party appraisal will be conducted to determine the current fair market value of the company’s shares.

• Investors will receive an 8% discount on the appraised share value.

Example: (For informational purposes only)

Let’s say a May 2028 appraisal shows Gongu Group Holding has $19 million in assets and $8.5 million in liabilities.

• This would result in a company equity of $10.5 million.

• A $1.7 million investment would represent approximately 16% ownership in the company.

• With the 8% discount, the investor would receive 16% shares valued at $1.7 million plus an additional $136.000 (8% discount).

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Appendix 1: Gongu Group Current Financials 2024 Poperty Address Type Mortgage per month Principal per month Total Loan Amount Valuation 2024 Cash invested 525 NE 17th Way Fourplex (4: 1x1) $2,292.00 $964 $491,148.00 $1,300,000.00 $5,429,069.00 437 NE 17th Way Duplex (1x1 + 2x2) $1,829.00 $687 $387,187.00 $885,000.00 301 NE 17th Av. Fourplex (1x1 + 2 Studio + 2x2) $2,350.00 $808 $486,830.00 $1,370,000.00 65 Hendricks Isle, Dock 11 Dock $ - $0 $0.00 $120,000.00 65 Hendricks Isle, Dock 10 Dock $ - $0 $0.00 $90,000.00 65 Hendricks Isle, Unit 7 3x2 $1,846.00 $855 $407,979.00 $860,000.00 65 Hendricks Isle, Unit 6 2x2 $3,283.00 $270 $427,000.00 $610,000.00 65 Hendricks Isle, Unit 5 1x1 $1,803.00 $150 $234,500.00 $335,000.00 65 Hendricks Isle, Unit 4 1x1 $1,803.00 $150 $234,500.00 $335,000.00 65 Hendricks Isle, Unit 3 1x1 $1,263.00 $308 $151,787.00 $335,000.00 65 Hendricks Isle, Unit 2 1x1 $1,560.00 $130 $203,000.00 $290,000.00 65 Hendricks Isle, Unit 1 1x1 $1,560.00 $130 $203,000.00 $290,000.00 817 SW 4th Street Fourplex (1x1 + Studio + 2: 2x2) $7,600.00 $430.00 $686,000.00 $1,220,000.00 820 NE 17th Ave Nineplex (6: 1x1 + 3x2 + 2x1 + Studio) $42,200.00 $2,645.00 $4,200,000.00 $7,200,000.00 $1,698,000.00 828 NE 17th Ave Sixplex (2: 1x1 + 2: 2x2 + 2x1 + Studio) 832 NE 17th Ave Duplex (2: 1x1) 840 NE 17th Ave Triplex (2x2 + 2: 2x1) 1702 NE 9th Ave Fourplex (4: 1x1) TOTAL 47 Units $69,389.00 $7,527.00 $8,112,931.00 $15,240,000.00 $7,127,069.00 Appendix 2: Gongu Group Holding projected financials refinancing in 2027 2027 Poperty Address Mortgage per month Principal per month Total Loan Amount Valuation 2027 Cash invested 525 NE 17th Way $2,292.00 $964 $491,148.00 $17,142,927.36 $5,298,669 437 NE 17th Way $1,829.00 $687 $387,187.00 301 NE 17th Av. $2,350.00 $808 $486,830.00 65 Hendricks Isle, Dock 10 $ - $0 $0.00 65 Hendricks Isle, Unit 7 $1,846.00 $855 $407,979.00 65 Hendricks Isle, Unit 6 $2,430.00 $630 $480,000.00

BUSINESS PLANING Appendix

Gongu Group Current Financials

APPENDIX

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2: Gongu Group Holding

3: Gongu Group Holding Investor distribution and performance $42,200.00 $2,645.00 $4,200,000.00 $7,200,000.00 $1,698,000.00 2x2 + 2x1 + Studio) 832 NE 17th Ave Duplex (2: 1x1) 840 NE 17th Ave Triplex (2x2 + 2: 2x1) 1702 NE 9th Ave Fourplex (4: 1x1) TOTAL 47 Units $69,389.00 $7,527.00 $8,112,931.00 $15,240,000.00 $7,127,069.00 Appendix 2: Gongu Group Holding projected financials refinancing in 2027 2027 Poperty Address Mortgage per month Principal per month Total Loan Amount Valuation 2027 Cash invested 525 NE 17th Way $2,292.00 $964 $491,148.00 $17,142,927.36 $5,298,669 437 NE 17th Way $1,829.00 $687 $387,187.00 301 NE 17th Av. $2,350.00 $808 $486,830.00 65 Hendricks Isle, Dock 10 $ - $0 $0.00 65 Hendricks Isle, Unit 7 $1,846.00 $855 $407,979.00 65 Hendricks Isle, Unit 6 $2,430.00 $630 $480,000.00 65 Hendricks Isle, Unit 5 $1,320.00 $350 $260,000.00 65 Hendricks Isle, Unit 4 $1,320.00 $350 $260,000.00 65 Hendricks Isle, Unit 3 $1,263.00 $308 $151,787.00 65 Hendricks Isle, Unit 2 $1,156.00 $310 $228,200.00 65 Hendricks Isle, Unit 1 $1,156.00 $310 $228,200.00 817 SW 4th Street $6,261.70 $1,300 $960,000.00 820 NE 17th Ave $38,374.00 $7,500.00 $5,600,000.00 TOTAL $61,597.70 $14,372.00 $9,941,331.00 $17,142,927.36 $5,298,669.00

Appendix

projected financials refinancing in 2027 Appendix

Group Holding Owner Distribution Owner Cash invested % Ownership Proj. ROI $ per Year Av. Proj. Cash per Year Av. Alfredo Arreaza -$ 1,004,378 14.09% -$ 136,529 -$ 68,036 Marcelo & Jessica Gonzalez -$ 4,223,816 59.26% -$ 574,162 -$ 286,119 Gabriela Gonzalez -$ 200,876 2.82% -$ 27,306 -$ 13,607 Oportunity investor -$ 1,698,000 23.82% -$ 230,817 -$ 115,021 TOTAL -$ 7,127,069 100.00% -$ 968,814 -$ 482,783 Appendix 4: Gongu Group Holding Owner Cash FLow Free cash flow VS Equity Owner 2024 2025 Cash Equity Cash Equity Cash Alfredo Arreaza -$ 21,734 -$ 1,103,014 -$ 22,169 -$ 1,192,358 -$ 22,613 Marcelo & Jessica Gonzalez -$ 91,402 -$ 4,638,622 -$ 93,230 -$ 5,014,348 -$ 95,095

Appendix 3: Gongu Group Holding Investor distribution and performance

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Appendix 4: Gongu Group Holding Owner Cash FLow Vs Equity Appendix 5: Holding Group Performance Owner Cash invested % Ownership Proj. ROI $ per Year Av. Proj. Cash per Year Av. Alfredo Arreaza -$ 1,004,378 14.09% -$ 136,529 -$ 68,036 Marcelo & Jessica Gonzalez -$ 4,223,816 59.26% -$ 574,162 -$ 286,119 Gabriela Gonzalez -$ 200,876 2.82% -$ 27,306 -$ 13,607 Oportunity investor -$ 1,698,000 23.82% -$ 230,817 -$ 115,021 TOTAL -$ 7,127,069 100.00% -$ 968,814 -$ 482,783 Appendix 4: Gongu Group Holding Owner Cash FLow Vs Equity Free cash flow VS Equity Owner 2024 2025 2026 2027 2028 Cash Equity Cash Equity Cash Equity Cash Equity Cash Equity Alfredo Arreaza -$ 21,734 -$ 1,103,014 -$ 22,169 -$ 1,192,358 -$ 22,613 -$ 1,285,275 -$ 36,241 -$ 1,393,485 -$ 237,422 -$ 1,236,319 Marcelo & Jessica Gonzalez -$ 91,402 -$ 4,638,622 -$ 93,230 -$ 5,014,348 -$ 95,095 -$ 5,405,104 -$ 152,409 -$ 5,860,170 -$ 998,456 -$ 5,199,222 Gabriela Gonzalez -$ 4,347 -$ 220,603 -$ 4,434 -$ 238,472 -$ 4,523 -$ 257,055 -$ 7,248 -$ 278,697 -$ 47,484 -$ 247,264 Oportunity investor -$ 36,744 -$ 1,864,755 -$ 37,479 -$ 2,015,799 -$ 38,229 -$ 2,172,885 -$ 61,269 -$ 2,355,825 -$ 401,385 -$ 2,090,119 TOTAL -$ 154,228 -$ 7,826,993 -$ 157,313 -$ 8,460,977 -$ 160,459 -$ 9,120,320 -$ 257,168 -$ 9,888,177 -$ 1,684,748 -$ 8,772,923 Appendix 5: Holding Gongu Group Performance Year 2022 2023 2024 2025 2026 2027 2028 Total Property value Beginning $6,285,312.00 $6,536,724.48 $15,240,000.00 $15,849,600.00 $16,483,584.00 $17,142,927.36 $17,828,644.45 Property value appreciation 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% Total Property value Ending $6,536,724.48 $6,798,193.46 $15,849,600.00 $16,483,584.00 $17,142,927.36 $17,828,644.45 $18,541,790.23 Accumulated equity $251,412.48 $261,468.98 $609,600.00 $633,984.00 $659,343.36 $685,717.09 $713,145.78 Projected COC $196,245.00 $200,169.90 $154,228.00 $157,312.56 $160,458.81 $257,167.99 $262,311.35 Principal $43,464.00 $44,333.28 $90,324.00 $93,936.96 $99,573.18 $107,539.03 $172,464.00 Refinance cost $0.00 $0.00 $65,100.00 $0.00 $0.00 $400,820.00 $0.00 Cash out $0.00 $0.00 $0.00 $0.00 $0.00 $1,828,400.00 $0.00 Projected COC + AE + P $491,121.48 $505,102.88 $789,052.00 $881,620.56 $910,126.17 $1,115,349.08 $1,147,921.13 ROI 11.3% 11.0% 11.1% 12.4% 12.8% 19.6% 20.1% Leverage 29.45% 28.32% 51.19% 49.22% 47.33% 55.76% 53.62% Appendix 3: Gongu Group Holding Investor distribution and performance Gongu Group Holding Owner Distribution Owner Cash invested % Ownership Proj. ROI $ per Year Av. Proj. Cash per Year Av. Alfredo Arreaza -$ 1,004,378 14.09% -$ 136,529 -$ 68,036 Marcelo & Jessica Gonzalez -$ 4,223,816 59.26% -$ 574,162 -$ 286,119 Gabriela Gonzalez -$ 200,876 2.82% -$ 27,306 -$ 13,607 Oportunity investor -$ 1,698,000 23.82% -$ 230,817 -$ 115,021 TOTAL -$ 7,127,069 100.00% -$ 968,814 -$ 482,783 Appendix 4: Gongu Group Holding Owner Cash FLow Vs Equity Free cash flow VS Equity Owner 2024 2025 2026 2027 Cash Equity Cash Equity Cash Equity Cash Equity Alfredo Arreaza -$ 21,734 -$ 1,103,014 -$ 22,169 -$ 1,192,358 -$ 22,613 -$ 1,285,275 -$ 36,241 -$ Marcelo & Jessica Gonzalez -$ 91,402 -$ 4,638,622 -$ 93,230 -$ 5,014,348 -$ 95,095 -$ 5,405,104 -$ 152,409 -$ Gabriela Gonzalez -$ 4,347 -$ 220,603 -$ 4,434 -$ 238,472 -$ 4,523 -$ 257,055 -$ 7,248 -$ Oportunity investor -$ 36,744 -$ 1,864,755 -$ 37,479 -$ 2,015,799 -$ 38,229 -$ 2,172,885 -$ 61,269 -$ TOTAL -$ 154,228 -$ 7,826,993 -$ 157,313 -$ 8,460,977 -$ 160,459 -$ 9,120,320 -$ 257,168 -$ Appendix 5: Holding Gongu Group Performance Year 2022 2023 2024 2025 2026 2027 2028 Total Property value Beginning $6,285,312.00 $6,536,724.48 $15,240,000.00 $15,849,600.00 $16,483,584.00 $17,142,927.36 $17,828,644.45 Property value appreciation 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% 4.0% Total Property value Ending $6,536,724.48 $6,798,193.46 $15,849,600.00 $16,483,584.00 $17,142,927.36 $17,828,644.45 $18,541,790.23 Accumulated equity $251,412.48 $261,468.98 $609,600.00 $633,984.00 $659,343.36 $685,717.09 $713,145.78 Projected COC $196,245.00 $200,169.90 $154,228.00 $157,312.56 $160,458.81 $257,167.99 $262,311.35 Principal $43,464.00 $44,333.28 $90,324.00 $93,936.96 $99,573.18 $107,539.03 $172,464.00 Refinance cost $0.00 $0.00 $65,100.00 $0.00 $0.00 $400,820.00 $0.00 Cash out $0.00 $0.00 $0.00 $0.00 $0.00 $1,828,400.00 $0.00 Projected COC + AE + P $491,121.48 $505,102.88 $789,052.00 $881,620.56 $910,126.17 $1,115,349.08 $1,147,921.13 ROI 11.3% 11.0% 11.1% 12.4% 12.8% 19.6% 20.1% Leverage 29.45% 28.32% 51.19% 49.22% 47.33% 55.76% 53.62%

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301 (Fourplex) ENE FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC EXPENSES Cleaning 2.680 2.500 3.520 2.910 2.610 2.080 2.710 2.050 1.320 2.380 2.260 2.270 Electricity 296 293 324 371 406 406 453 467 424 390 329 288 Internet 237 237 237 237 237 242 242 242 242 242 242 242 Water 524 571 572 688 853 548 594 688 460 492 820 432 Laundry 654 490 430 677 509 557 628 490 472 502 409 692 Handyman/Maintenance 329 - 1.295 2.890 940 827 960 492 1.026 635 555 525 Amazon 358 613 488 574 122 565 216 137 56 227 328 265 Refunds/booking -461 - -43 -363 -489 -274 -1.081 -230 -385 -82 -172 -260 Comission 12,5% 2.450 2.504 2.884 2.129 1.671 1.462 1.662 1.578 1.178 1.480 1.326 1.910 Property Taxes 13.783 Insurance - - - - - - - - - 7.800Mortgage 2.350 2.350 2.350 2.350 2.350 2.350 2.350 2.350 2.350 2.350 2.350 2.350 Total 9.418 9.559 12.059 12.463 9.210 8.764 8.735 8.264 7.143 8.616 16.247 22.497 INCOME Total Income 19.597 20.032 23.076 17.029 13.368 11.695 13.298 12.620 9.421 11.843 10.607 15.277 Net Income 10.178 10.473 11.017 4.566 4.158 2.931 4.563 4.357 2.277 3.227 -5.640 -7.220 Total Net Income 44.888

Appendix 6: Gongu Group Holding P&L Example

Our Design Team: Gongu Studio

We offer our clients cost effective, trendy and attractive interior design solutions of their properties by working in partnership with Gongu Design Studio.

Appendix 7: Upgrading property strategy Example

BEFORE AFTER BEFORE AFTER BEFORE AFTER

our PERSONNEL our PERSONNEL

Bungalow:

We started in 2016 with the short term rental operation of one multifamily building in Fort Lauderdale. As the industry expanded our emphasis in revenue management and customer experience gave us a competitive advantage that now translates into 22 clients, 6 multifamily buildings in Florida, 3 multifamily buildings in Madrid and 2 multifamily buildings in Costa Esmeralda, Nicaragua.

Clients can use our Superhost prestigous account in Airbnb to list their properties. We look after your property with the same care and attention as if it was our own. Our specialized revenue management team will maximize the revenue of your property with dynamic pricing tools and data consulting services. Our low overhead allows us to better price our service.

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8: Management Strategy Example

Appendix