Investor Update - VILLA VIRTUOSO Investment Offering and Past Performance.
  
In my August Newsletter I announced the opening of our much anticipated Investment Offering for our new Apartment building "VILLA VIRTUOSO"
We've been purchasing Land in a Medium to High Density zone on Vancouver Island in the Greater Victoria area for Development into Apartment Buildings.
This offering comes in the form of fully BCSC compliant Subscription and Shareholder Agreements.
This Project "VILLA VIRTUOSO'', is now in Rezoning and scheduled to be rezoned by December 01. Once rezoned we'll be submitting our Development Permit application, and then Building Permit application to follow, a process that's anticipated to take about 10 months.
We're offering investors who participate a 50% share in the profit on the project, including;
- Estimated return of 100% of your initial invested Capital in 3 years or less.
- Reinvestment of same capital into next project.
- Retain your % equity position for the lifetime of the project, 10 years or less.
- Monthly Cash Flow
Minimum Investment is $100,000
Contact me directly for details and we'll add you to our list of interested investors we're screening for suitability to invest.
Total offering for investor shares is currently $3.5 Million.
We have $1.25 Million committed to date so contact me ASAP to secure a placement.
Join me at the next SYNERGY REN Meetup; Wednesday October 30, 2019, 6:30 to 9 pm. If your new to Real Estate Investing this a great group that just shares investment education, no sales pressure her, just people sharing investing strategies and success stories.
Other News to Investors; PAST PERFORMANCE
Our Multi Family / Apartment Building values continue to increase as rent increases in our market.
Deauville Apartments
This property was purchased in 2015 for $1.777 Million, current value is in excess of $3.2 Million.
- Walkerville Court Apartments
This property was purchased in 2012 for $1.977 Million, current value is in excess of $3.45 Million.
- Helen Terrace Townhomes
These 3 story, 3 bedroom Townhomes where purchased in 2011 for $50,000 per unit, current market value is $130,000 per unit.
- Aaron Apartments
This property was purchased in 2011 for $245,000, current value is in excess of $600,000.
Contact me and I'll get you on track to profit like the investors in these projects.
Rick G.
Set a Cheap Flight Tracker at "GreatEscape.co" and Travel Cheaper
Ok so we're all looking to save money on Flights.
Be it Vacation or Work.
With this "TRACKER" if you know your dates you can set up a Flight Search Tracker that will "ALERT" you when there's a sale or discounted flight on either your Departure and or Return.
So check out this new online booking platform "GreatEscape.co"
There's no obligation to set up a Track on a flight so Test it out on a "Dream Vacation Flight"
Who knows, maybe it'll hit your budget :-)
Enjoy, Rick G.
First Time Home Buyer Incentive Program
On September 2nd, the Government of Canada launched a new program to help first-time home buyers to lower mortgage costs. The new $1.25-billion incentive program would allow prospective buyers to apply for an interest-free loan from Canada Mortgage and Housing Corporation (CMHC).
Here's a ton of info on the new program.
An Eligibility Calculator to test and evaluate different financial scenarios and view their impact on mortgage payments.
A Product Highlight Sheet (PDF) including a summary of key program details in a format that is easy to download, print and share.
A Journey Map breaking down the application process step by step.
An Application Process diagram (PDF) showing the interactions between all of the parties involved. (Available on desktop only).
The government would share in the equity in the property. If the government gave 5% of the purchase price, they would need to receive 5% of the sale when it is sold. This is great if the price goes down, but in a city like Vancouver, where prices have been consistently going up, that could equal a lot of money. They don't want back the original 5% of the purchase price, they want back 5% of the value when it is sold.
Let me know if you have any questions about these programs, I can refer you to the experts in this field.
Enjoy, Rick G.
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