Investor Update: VILLA VIRTUOSO - 32 Unit Apartment Building Investment Offering.
  
VCV Expression of Interest-VILLA VIRTUOSO
Our much anticipated Investment Offering for our new Apartment Building "VILLA VIRTUOSO" is now open for "Expression of Interest".
This "Expression of Interest" stage is all about investors getting in queue so you don't miss out, it's "Non Binding", and is intended to let us know your interested so that we'll save a priority placeholder for you when we hit the "Cash Call Button".
We'll begin Pro Forma Presentations in the coming months, I'll send out notice in advance of upcoming Webinar, and In Person presentations.
This offering comes in the form of fully BCSC compliant Subscription and Shareholder Agreements.
This Project, "VILLA VIRTUOSO'', is Rezoning approved and scheduled to complete the Development Permit process by end of May followed by Building Permit issuance and begin Construction Fall of 2020.
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 $1.5 Million committed to date so contact me ASAP to secure a placement.
Join me at the next SYNERGY REN Meetup; Wednesday February 26, 2020, 6:30 to 9 pm. If your new to Real Estate Investing this a great group that just shares investment education, no sales pressure here, 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 markets.
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.
Enjoy, Rick G. :-)
Mortgage Stress Test Gets Relaxed by Fed
So finally after crushing the Condo and First Time home buyer Markets across Canada Finance Minister Bill Morneau takes a step in the right direction.
Lowering the Mortgage Qualifying "Stress Test" for CMHC Insured Mortgages, but not for uninsured mortgages yet.
Let's hope the next step is reducing the Stress Test for uninsured mortgages.
Click this link for the VIDEO and full story from Bloomberg Business News Network Canada.
BNN Bloomberg Report-Mortgage Stress Test
Enjoy, Rick G
The Magic of Hiring the "RIGHT" People
I'm speaking from experience when I say that hiring the RIGHT Person or Business can be life changing and can accelerate your success beyond your wildest expectations.
And believe me the opposite is true for hiring the "Wrong People".
I had great success in hiring the right people in 90% of my business dealings but struggled with "Who's the Right Property Manager" to operate my Windsor ON portfolio of properties.
Well after years of struggling with "The Wrong People", I nailed it!
I hired a Paralegal, problem solved :-)
Unlike in BC where Paralegals have to work under a Lawyer, In Ontario you can hire a Paralegal as an employee.
If you own properties in Ontario I suggest hire a Paralegal directly or a Property Manager that's a Paralegal or has in staff Paralegals.
This is a great video of Mark Zuckerberg talking about hiring the Right People;
YouTube: Mark Zuckerberg-Hiring the Right People
Enjoy :-) Rick G.
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