Robert Klein Newsletter - February 2020/Edition 93

Robert Klein - Mortgage & Life Insurance Broker

robert@robertklein.ca
778 896 6732
http://www.robertklein.ca

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February 2020 Foreclosures

 

Abbotsford Detached
Bowen Island Detached
Burnaby Attached
Burnaby Detached
Chilliwack Detached
Cloverdale Attached
Coquitlam Attached
Coquitlam Detached
Harrison Mills Detached
Ladner Detached
Langley Detached
Langley Attached
Land
Multifamily
Mission Detached
Maple Ridge Attached
Maple Ridge Detached
N. Delta Detached
Nanaimo Attached
North Vancouver Attached
North Vancouver Detached
New Westminster Attached
Richmond Detached
Richmond Attached
South Surrey White Rock Detached
Sunshine Coast Detached
Surrey Attached
Surrey Detached
Tsawwassen Attached
Tsawwassen Detached
Vancouver Attached
Vancouver Detached
West Vancouver Detached
Whistler Attached



Investor Update: Villa Virtuoso - 32 Unit Apartment Building Investment Offering

 

Our 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, it's "Non Binding", and is intended to let us know your interest 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 a notice in advance of the 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 the same capital into the next project.

- Retain your % equity position for the lifetime of the project, 10 years or less. 

- Monthly Cash Flow

Minimum Investment is $100,000

The total offering for investor shares is currently $3.5 Million.

We have $1.5 Million committed to date.  Once we have our performa finalized, the rest will be raised quickly. 

I'll also be putting together a detailed video explaining the math behind a building like this.  



Little Robert Joining Jujutsu

 

Looks like little Rob loves Jujutsu.  

During one of the sessions, Rob was having a hard time doing a roll.  Sarah saw this and ran out to him in the middle of the mat and gave Rob a big hug....extremely cute.



Extreme Mountain Bikers

 

Sarah is getting good at the pushbike.  Little Rob is doing real mountain biking.  We suspect he will join Dirt Groms in the next couple of months. 

https://www.facebook.com/groups/1180645868748706/

Dirt Groms is a mountain bike group for kids.  



Moving Penalty Graph

 

Good article on swapping rentals.  Main indicators for this would be:

1. Market Rents going up
2. Rent Restrictions

No surprise to see BC cities topping the list.

https://www.saanichnews.com/news/greater-victoria-has-canadas-sixth-highest-moving-penalty/



700 Year Trend Line of Decreasing Interest Rates

 

This graph is very interesting.  It shows interest rates for the last 700 years.  

https://www.visualcapitalist.com/700-year-decline-of-interest-rates/



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