Investor Update: VILLA VIRTUOSO - 32 Unit Apartment Building Investment Offering.
  
There are still a few Investment spots left!
Our "Villa Virtuoso" Investment Offering for our brand new construction Apartment Building is now 80% funded!
This Offering is fully "RRSP and TFSA Eligible"!, and open for "One on One Investor Presentations" and "investment".
The remainder of this Investment offering's "Funding" stage is set to close August 31 so if your interested let me know and we'll save a placeholder for you.
We're currently conducting Pro Forma Zoom Video Presentations, email me or click the Comment button below to receive a copy of our "Villa Virtuoso Pro Forma Investment Binder" and to schedule a personal zoom video presentation.
This offering comes in the form of fully BCSC compliant Subscription and Shareholder Agreements.
This Project, "VILLA VIRTUOSO'', is Rezoning approved, the Construction Loan is in place, and it's scheduled to complete the Development Permit process by Mid August followed by Building Permit issuance and begin Construction Fall/Winter of 2020 with Construction to begin Spring 2021.
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, and much more.
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 $2.6 Million committed to date so contact me ASAP to secure a placement.
Upcoming Events
For world class FREE Real Estate investing education Click here to Join me at the next SYNERGY REN Montly Meetup: Wednesday, August 26, 2020
6:30 PM to 8:30 PM PDT. Every last Wednesday of each month.
Other News to Investors;
NEW PROJECTS
COVID 19 is starting to produce deals, we just secured a small 1 level Commercial Property for $450,000.
This property is in a highly sought after, high traffic location.
Our plan is to spend $40,000 to close and Reno/Convert this under performing property into a 12 Unit 'Professional Building" leasing to Lawyers, Notaries, Paralegals, Real Estate Agents, Mortgage Brokers etc.
We take possession Aug 15 and plan to have reno's complete within 30 days and have pre-lease commitments signed already!
Once fully Leased the Value will increase to $1,900,000 yielding a $1,450,000 profit which we'll refinance on extracting $1 million pre tax cash to buy another building :-)
PAST PERFORMANCE
Despite COVID-19 Lockdowns our Multi Family / Apartment Buildings continue to capture 99% of rents and hold their value even as other Real Estate Markets are taking substantial devaluations.
Values are holding due to the Federal and Provincial Governments CERB, CRAP and other financial Relief initiatives. Through these programs tenants are being provided enough relief funds to pay rent, so glad I "Only Invest in Apartment Buildings".
Deauville Apartments - Purchased in 2015 for $1.777 Million, current value is in excess of $3.2 Million.
Walkerville Court Apartments - Purchased in 2012 for $1.977 Million, current value is in excess of $3.45 Million.
Helen Terrace Townhomes - Purchased in 2011 for $50,000 per unit, these 3 story, 3 bedroom Townhomes are currently values at $130,000 per unit.
Aaron Apartments - 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. :-)
Celebrating Our Community Hero's :-)
Huge shout out to Brenell Dean-Thompson for her support of the Day Spring Church in Windsor ON.
As it's the mission of Virtuoso Capital Ventures to add value to the Communities we invest in.
The leader's and members of this organization (Day Spring Church) donate a significant amount of time supporting community development initiatives and I have 100 % faith in knowing that Supporting them will bring significant value to the Windsor Community.
Thanks for all your hard work and community support Brenell, your a world class community champion!
Rick Genovese, Founder and CEO, Virtuoso Capital Ventures.
Reinventing Exercise During COVID,,,
Makai and I have always exercised both outdoors and in the gym, but since March when the COVID lock down started we've been reinventing how to keep in shape and create new exercise and fitness habits.
Here are some things that are working for us, fun, and easy to do.
1) Take Tennis Lessons
2) Ride Bikes
2) Ride the Bikes to the Tennis Court instead of Driving
3) Exercise at the Park on the Monkey/Exercise Bars
4) Take up Roller Skating or Roller Blading
5) Create a Home Gym with some free weights and a Pergola pull up bar (you'll have to message me about that one)
6) Back yard or local park Croquette or Bocce
7) Trail running and hiking at your local park
There are lots of ways to get excise so i'm hoping this inspires you to get out and enjoy some heart healthy activities.
Happy trails, Rick, Makai and Jinjoo G.
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