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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Net Income $ (144,475) $ 11,851
(Increase) decrease in Interest receivable - affiliates 62,002 (60,023)
(Increase) decrease in Notes receivable - affiliates (106,636) 0
(Increase) decrease in Federal income tax receivable 636 0
Increase (decrease) in Accounts payable - other 7,616 32,066
Increase (decrease) in Accounts payable and accrued interest - affiliates 124,452 (2,493)
Increase (decrease) in Federal income taxes payable 0 1,440
Net Cash Provided by (Used for) Operating Activities (56,405) (17,159)
Increase in investment in real estate (951,274) 0
Notes receivable - affiliates (295,316) 17,399
Net Cash provided by (used for) Investing Activities (1,246,590) 17,399
Notes payable - affiliates 802,868 0
Notes payable - bank 500,000 0
Net cash provided by (used for) financing activities 1,302,868 0
Net Increase (decrease) in cash and cash equivalents (127) 240
Cash and cash equivalents at beginning of period 151 82
Cash and cash equivalents at end of period 24 322
Cash paid for Interest 0 0
Cash paid for Income taxes 0 0
Real estate development projects financed by affiliate $ 802,868 $ 0