1. WEBINAR June 18, 2008 “THE KKO SHOW” “Family Limited Partnerships- Everything You Really Need to Know” “Getting Financing in Today’s Economic Climate- Including Alternative Methods" (Special Guest- Mike Phillips- Mortgage Store USA) Hosted by Mark J. Kohler, CPA, Attorney at Law and Mat Sorensen, Attorney at Law www.kkolawyers.com Telephone 435.586.9366 / Facsimile 435.586.9491 © Kyler Kohler & Ostermiller, LLP 2008

2. Disclaimer- Although the information contained in this Presentation may be extremely useful and helpful, please understand that the presentation of this information does not constitute an attorney-client relationship. Moreover, the information contained in this Presentation is for general guidance only. It is strongly recommended that each individual or entity obtain their own legal advice, particularly applied to their own set of circumstances, facts and specific situation. Kyler Kohler & Ostermiller, LLP is not responsible or liable for any advice that is taken and applied in a situation without direct consultation and representation specific to that individual’s or company’s needs. Instructor Notes © Kyler Kohler & Ostermiller, LLP 2008

3. “Getting Financing in Today’s Economic Climate- Including Alternative Methods" (Special Guest- Mike Phillips- Mortgage Store USA) © Kyler Kohler & Ostermiller, LLP 2008

4. Home Equity Line of Credit PRO: Good terms. No legal issues. CON: May not be available. Raising Cash from Others PRO: No lender involvement. CON: Watch out for securities issues. May give up some of the bottom line. Hard Money Lenders PRO: Can save a quick deal. CON: Bad terms. Expensive. Not available on all deals. Deal Structuring and Seller Financing Terms PRO: Can negotiate terms without lender involvement. Limit your risk. CON: May require some negotiating and money down. Alternative Financing Options © Kyler Kohler & Ostermiller, LLP 2008

5. “Family Limited Partnerships- Everything You Really Need to Know” © Kyler Kohler & Ostermiller, LLP 2008

6. Basic Family Limited Partnership XYZ Investments, LP (Limited Partnership) Long Term Real Estate Projects XYZ Enterprises, Inc. (S-Corp) Short Term Joint Venture Projects General Partner 1% 100% Dividends $$ Salary $$ 99% Partners ? Capital Gain & Rental Income $$ Tax Losses Family Living Trust 100% Assets © Kyler Kohler & Ostermiller, LLP 2008

7. 7 Benefits of Family Limited Partnerships 1.Keeping the Property in the Family. 2.Parental Control. 3.Management. 4.Asset Protection. 5.Buy-Sell Provisions. 6.Estate Planning. 7.Gifting. © Kyler Kohler & Ostermiller, LLP 2008

8. For more information, please contact us at: KYLER KOHLER & OSTERMILLER, LLP Tel: 435.586.9366 Fax: 435.586.9491 www.kkolawyers.com © Kyler Kohler & Ostermiller, LLP 2008