Investor Update: VILLA VIRTUOSO Building Permit and New Upcoming Offering.
  
Stay Tuned for our Next Offering Coming Fall / Winter 2021!
Our "Villa Virtuoso" Investment Offering for our brand new construction Apartment Building is now 100% funded!
Our Next Offering coming in the fall 2021 will also be fully "RRSP and TFSA Eligible"!
If you want to secure a non binding placeholder for our this upcoming Investment offering email me or click the comment button below to send me a message.
This next offering will come in the form of fully BCSC compliant LP Offering Memorandum.
We have purchased the land, 5 residential lots, for this next Project and we'll be submitting our Rezoning application in a couple of months.
Upcoming Events
For world class FREE Real Estate investing education Click here to Join me at the next SYNERGY REN Monthly Meetup: Wednesday, July 28, 2021
6:30 PM to 8:30 PM PDT. The last Wednesday of each month.
Other News to Investors;
CURRENT and NEW PROJECTS
Villa Virtuoso - a 32 Unit New Build Strata Apartment Building
Construction has begun!
As the cover picture of this article depicts we now have our Building Permit and our Construction Manager BMP Construction Management has begun excavations on site prepping the site to start the concrete foundations.
BMP is in the final strokes of tendering and all seems to be on track with our new tendered budget coming in just slightly over the original proposal budget of almost 12 months ago which is great news considering recent commodities price increases.
Our Next Offering;
We have now complete the purchase of the 5 adjoining lots that will make up our next project.
Given the size of the assembled parcel we should be good for about 200 Apartment Units so there will be lots of room for New Investors to come into this next offering.
Again if you want to secure a non binding placeholder for our this upcoming Investment offering email me or click the comment button below to send me a message.
Forever Home
We are in the process of acquiring a share stake in a new project in Detroit MI called Forever Home.
Forever Home is a Physical Rehabilitation and Short Term Living Medical Practice that's under AIA Contract now with a General Contractor to complete renovations and should be up and running within 12 months or less.
This is a very exciting project for us as once complete and cash flowing it will provide us a model to replicate in the US within and outside Michigan and will provide investors opportunities to invest in US assets.
PAST PERFORMANCE
Despite COVID-19 Lockdowns our Multi Family / Apartment Buildings continue to capture 99% of rents and hold their value even as Commercial Store Front and Office Real Estate Asset Classes are exposes to substantial devaluations with Industrial bucking that trend and seeing substantial value gains.
Values are holding due to the relaxation of COVID restrictions for employers and the continuing Federal and Provincial Governments CERB, CRAP and other financial Relief initiatives. Through these programs and employers bringing employees back to work tenants are being provided income and or enough relief funds to pay rent, so glad I "Only Invest in Apartment Buildings".
Virtuoso Executive Office Suites - Purchased August 2020 for $450,000. We've currently invested $35,000 to Reno/Convert this under performing property into a 10 Unit "Professional Building" leasing to Lawyers, Notaries, Paralegals, Real Estate Agents, Mortgage Brokers etc. which will increase the value of this property to $1.9 Million and to offer "Virtual Office Reception" as an Add On the the Physical Office Spaces which will increase the Property's Values well beyond the $1.9 Million target.
After a long drawn out ordeal getting our building permit approved our contractor is back in the building completing renovations and we should be "Lease Ready" by end of September.
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. :-)
Next Synergy REN Event - Advanced Real Estate Investing Strategies with Darren Voros
Click Here to RSVP to the Darren Voros Synergy REN Presentation
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV).
Darren has 19 years experience in the construction and real estate industry.
He has inspired and educated thousands of investors “Live” from stages across North America.
Successfully coached clients through over $30 Million in transactions.
And controls a portfolio of properties worth over $20,000,000 and counting,,,
Zoom Webinar starts at 6:30 PM Wednesday July 28.
See you then :-)
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