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Volition meetup 2019.04 - BOOST YOUR CASHFLOW!! EXECUTIVE FURNISHED RENTAL STRATEGY

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Have you always wondered how the world of executive rentals work? How are some investors able to get $3000, $4000 sometimes upwards of $5000 in rents on their condos? Join us to hear Rick Aubry speak! Rick is the Managing Partner at Premiere Suites and will be teaching us all about the world of executive rentals!

For most unsophisticated consumer-level investors, cashflow negative between $200-$400 is a reality when buying a regular investment condo. As sophisticated investors, this isn't good enough for us. We are supposed to be sophisticated, so let's act like it!! By thinking creatively and strategically, we can potentially offset or circumvent this negative cashflow. Executive rentals may be the solution: it may be the rental strategy that we employ in order to support your acquisition strategy, allowing you to continue to invest.

More importantly, learn how this can potentially creates a new opportunity for making condos work again... opening the door to investing in Toronto with lower amounts of investable capital. While we still believe in triplexes in downtown Toronto, not everyone has $300-750k of capital available to be able to buy/create a luxurious cashflowing triplex. But perhaps you have $150-200k of capital available? Wouldn't it be great to also be able to cashflow positive with lower amounts of capital... WITHOUT having to go outside Toronto to the smaller, more risky towns just because it is "cheaper"? While at the same time, rest assured knowing that your property is being occupied by an corporate executive level individual who treat the property like their own?

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Published in: Real Estate
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Volition meetup 2019.04 - BOOST YOUR CASHFLOW!! EXECUTIVE FURNISHED RENTAL STRATEGY

  1. 1. @volitionproperties www.volitionprop.com Volition Investment Mastermind April 2019
  2. 2. @volitionproperties www.volitionprop.com Who is Volition?
  3. 3. Realty ManagementAdvisory Mentorship & Education & Consultation Acquisition of Investment Properties Design & Renovations Leasing & Property Management Renovations
  4. 4. @volitionproperties www.volitionprop.com
  5. 5. @volitionproperties www.volitionprop.com Who is Volition? ● Certified Real Estate Investment Advisors ● Toronto’s Exclusive Investor Realtor for REIN Buyer’s Group ● Nominated for REIN’s Highest Award (Michael Millenear Leadership Award)… (and a bunch of other awards: SilverInvestment Award, Bronze Investment Award, Chairman’s Club, President’sClub, Top Producer, blah blah blah) ● $25M+ in personal holdings over 50 doors
  6. 6. @volitionproperties www.volitionprop.com We do normal stuff like listings and personal residence too! ● Why list with us? Investor advantage! ○ Active buyers / investor list ○ REIN Investor Database ○ REIN Buyers Group ○ The BEST marketing ■ Virtual 3D Dollhouse, Drone, Lifestyle video ■ Multiple languages, foreign investors ● We can also help you find your dream home! ○ Top 1% of all agents ○ Extensive local knowledge of one of your biggest investments ○ Combination personal residence and investment property
  7. 7. @volitionproperties www.volitionprop.com Volition Mastermind Chat Group ● Open to Investor clients & Advisory clients. ● Talk about news, tenant issues, share contacts, basically help navigate the difficulty of this investor world! Let us know if we missed you!!
  8. 8. @volitionproperties www.volitionprop.com FREE Monthly “REI Coffeehouse” Web Chat ● What: No format. No presentation. No script. Q&A. Real people with real problems. Occasionally guest speaker. Send in your questions beforehand, and then we’ll chat about them and get your questions answered. ● Why: “Meetup once a month isn’t enough! I need more networking, more Q&A time, more learning, more community, more like-minded people, more engagement!” ● When: 12pm-1pm during your work lunch break. Once a month (in between Meetups). ● How: Log on using Zoom.us (webcam & microphone). Scheduled thru Meetup.com (www.meetup.com/Volition) (1. Also, if you have any suggestions on the format, content, etc., let me know!) (2. If you have a suggestion on the SPECIFIC TIME other than the planned 12pm-1pm, also let us know!)
  9. 9. @volitionproperties www.volitionprop.com Thank you Peacock! Creeds!!
  10. 10. @volitionproperties www.volitionprop.com Our in-house Volition Ambassadors!
  11. 11. @volitionproperties www.volitionprop.com Ming’s Market Minute
  12. 12. @volitionproperties www.volitionprop.com TREB Market Data
  13. 13. @volitionproperties www.volitionprop.com Market Update - Sales Volume
  14. 14. @volitionproperties www.volitionprop.com Market Update - Listings
  15. 15. @volitionproperties www.volitionprop.com Market Update - Average Resale Home Price
  16. 16. @volitionproperties www.volitionprop.com Volition Market Data
  17. 17. @volitionproperties www.volitionprop.com Toronto Downtown Core
  18. 18. @volitionproperties www.volitionprop.com Volition Metrics - Downtown municipalities
  19. 19. @volitionproperties www.volitionprop.com Volition Metrics - Downtown SF Detached
  20. 20. @volitionproperties www.volitionprop.com Toronto - Everywhere else
  21. 21. @volitionproperties www.volitionprop.com Volition Metrics - Uptown municipalities
  22. 22. @volitionproperties www.volitionprop.com Volition Metrics - Uptown SF Detached
  23. 23. @volitionproperties www.volitionprop.com Volition Metrics - Condos
  24. 24. @volitionproperties www.volitionprop.com What’s News?
  25. 25. @volitionproperties www.volitionprop.com New Ontario Line to include more stops in downtown core
  26. 26. @volitionproperties www.volitionprop.com Buying a home? CMHC could soon kick in 10% of the cost, for a price https://www.cbc.ca/news/business/budget-cmhc-home-buyers-1.5063204 The 2019 federal budget includes a tantalizing pitch for prospective first-time homebuyers — one that could see Canada's housing agency contribute up to 10 per cent of the purchase price of a home and bring down the mortgage load for borrowers. The budget offers the program, known as the First Time Home Buyer Incentive, as a way to help with housing affordability. The government is earmarking $1.25 billion over three years for something its "shared equity mortgage." Functionally, it's more like an almost interest-free loan — one where the repayment plan doesn't require any payback until years in the future. In order to qualify, an applicantmust have a household income of less than $120,000 per year and be able to come up with a five per cent down payment — the minimum requirement for an insured mortgage with the Canada Mortgage and Housing Corporation (CMHC).CMHC is the Crown corporation that backstops the vast majority of Canada's housing market by insuring the loans that finance it. This new program will make its role in the market even larger than it already is. In addition to those stipulations, the program caps out at four times the applicant's annual income, which means it can only help homeowners looking to buy properties where the mortgage value plus the CMHC loan don't exceed $480,000. But if a would-be buyer meets the conditions described above, under the program, the CMHC would kick in up to 10 per cent of the value of a newly built home, or five per cent of the value of a resale. The CMHC would contribute that much to the home purchase in exchange for a corresponding equity stake in the home. That has the effect of bringing down the size of the homeowner's mortgage — but comes with a bill to be paid down the line. Precise details of how the program works won't come out until later in the fall, but today the government provided a rough breakdown of how it might work for a prospective buyer. If a first-time buyer wants to get a home that costs $400,000, they'd have to come up with a $20,000 down payment, under both the new rules and the old ones. Normally, they'd have to take out a loan for $380,000 to cover the rest of the purchase price — but under the new program (if it's a newly constructed home), CMHC could kick in $40,000 toward the purchase price, in exchange for a 10 per cent stake in the home. That brings the buyer's mortgage down to just $340,000 for the home, instead of $380,000.On a standard mortgage at 3.5 per cent interest, that translates into a monthly mortgage payment more than $200 lower than it would have been for the 25- year life of the loan. That's more than $2,700 a year in potential savings.
  27. 27. @volitionproperties www.volitionprop.com Buying a home? CMHC could soon kick in 10% of the cost, for a price The catch is that the homeowner eventually has to pay back the CMHC's stake in the property — but not until they sell (or sooner, but only if they want to). The budget is far from clear on how much the buyer would owe; is it the same dollar amount the CMHC provided up front, or does the bill go up based on how much the house has appreciated in value? Government officials say details of the plan will be hashed out in the coming months. Craig Alexander, chief economist with accounting consultancy Deloitte, calls the program a "clever idea" and says the benefits should outweigh the downsides. "You want to be mindful that the government doesn't put in policies that end up bidding up prices," he said, adding that, on the whole, the plan could help more Canadians start climbing the housing ladder. The government is estimating the plan could create about 100,000 new first-time buyers over the next three years. But not everyone agrees there's nothing but upside. Craig Wright, chief economist with the Royal Bank of Canada, calls the program "a solution looking for a problem." He cites research from the most recent government census in 2016: roughly 67.8 per cent of Canadians owned their own homes that year. That's higher than ownership rates in other countries — including the U.S., where the rate is 63.4 per cent and falling swiftly. Other world capitals such as Paris (33 per cent home ownership rate), Berlin (37 per cent) and London (47 per cent) stand in stark contrast to Canadian cities like Calgary (73 per cent) and Toronto (66 per cent). Even rent-happy Montreal has an ownership rate of 55 per cent, which is why Wright said he's not convinced Canada has a home ownership problem. Which is why he thinks the program "is more about politics than policy." Worse still, he says if it's done poorly Wright said the program has the potential to undo some of the sensible market cooling measures Ottawa has implemented in recent years: capping loan terms, setting minimum down payment levels and introducing mortgage 'stress tests' last year. "Demand will show up now, while supply will show up later," he said. "And in the near term prices could move higher so ... you may make it less affordable to own a home." Economist David MacDonald, with the Canadian Centre for Policy Alternatives, also says the plan doesn't really do much to help people buy a home more affordably. "Taking out new loans from CMHC or retirement savings doesn't make housing more affordable," he said. "It just allows for another source of debt financing that must be repaid." The government says program details will be hashed out later but, for buyers, the repayment terms are the real wild card. Exactly how much will they have to repay CMHC? And will that sum be affected by changes in the home's value? "If your house goes up 20 per cent, does what you pay them go up?" Wright asks. "On the flip side, what if it goes down — do you have to make them whole?"
  28. 28. @volitionproperties www.volitionprop.com Analysis - Why is Toronto’s Market Doing better than Vancouvers?
  29. 29. @volitionproperties www.volitionprop.com Toronto vs Vancouver Vancouver Current State ● Prices falling ● Seven months of inventory Influencing Factors ● Challenges with money laundering issues ● Higher non-resident investment ● Values were at 12 times income ● Weaker job growth and population growth Toronto Current State ● Toronto prices stable ● Two months of inventory Influencing Factors ● Toronto proper, small percentage of non-resident investment ● Values at 8 times income ● Stronger on job growth and population growth
  30. 30. @volitionproperties www.volitionprop.com Investment Retrospective
  31. 31. @volitionproperties www.volitionprop.com ● Triplex Conversion ● Purchased Apr 2019 ● Price: ● Reno: ● Rent: ● Expenses: ● Mortgage: ● Cashflow: ● Refi ● Appraisal: ● Rent: ● Expenses: ● Mortgage: ● Cashflow: Real Life: "If you bought this 5 years ago..." now
  32. 32. @volitionproperties www.volitionprop.com ● Triplex Conversion ● Purchased Apr 2019 ● Price: $1.16M ● Reno: $450,000 + $50,000 carry costs ● Rent: $8000 ● Expenses: $1000 ● Mortgage: $4134 ● Cashflow: $2866 ● Refi ● Appraisal: ● Rent: ● Expenses: ● Mortgage: ● Cashflow: Real Life: "If you bought this 5 years ago..." now
  33. 33. @volitionproperties www.volitionprop.com ● Triplex Conversion ● Purchased Apr 2019 ● Price: $1.16M ● Reno: $450,000 ● Rent: $8000 ● Expenses: $1000 ● Mortgage: $4134 ● Cashflow: $2866 ● Refi ● Appraisal: $1.7M ● Rent: $8000 ● Expenses: $1000 ● Mortgage: $6069 ● Cashflow: $931 ● CASH IN HAND: $433,600 Real Life: "If you bought this 5 years ago..." now
  34. 34. @volitionproperties www.volitionprop.com ● Triplex Conversion ● Purchased Apr 2019 ● Price: $1.16M ● Reno: $450,000 ● Rent: $8000 ● Expenses: $1000 ● Mortgage: $4134 ● Cashflow: $2866 ● Refi ● Appraisal: $1.7M ● Rent: $8000 ● Expenses: $1000 ● Mortgage: $6069 ● Cashflow: $931 ● CASH IN HAND: $433,600 FREE RENO!! Real Life: "If you bought this 5 years ago..." now
  35. 35. @volitionproperties www.volitionprop.com ● All calculated here! ● Our secret weapon! ● BOOKMARK IT ON YOUR PHONE/LAPTOP! Volition Investment Calculator
  36. 36. @volitionproperties www.volitionprop.com ● Mini-Case Study: Agreement For Sale Why work with Investor Realtor?
  37. 37. @volitionproperties www.volitionprop.com ● Assignments ● Triplexes again? ● BIG REFIS / BIG APPRAISALS. Equity takeouts and reinvesting. ● EXECUTIVE RENTALS??? What are clients buying this year? ● Preconstruction? ● Condos? (and using EXECUTIVE RENTAL STRATEGY) ● Triplexes? ● Gut jobs? What are the trends this year?
  38. 38. @volitionproperties www.volitionprop.com BOOSTING CASHFLOW
  39. 39. Making It Rain Maximizing Cashflow
  40. 40. mortgage
  41. 41. "Going From Working To Retired” A Blueprint For Real Estate Investors
  42. 42. Regular Consumer Investor Method
  43. 43. Sophisticated Volition Investor Method
  44. 44. @volitionproperties www.volitionprop.com Journey to $10k Cashflow – PREVIOUS MEETUP THE THREE MOST IMPORTANTQUESTIONS Where are you at? ● Tommy: $650k condo ● Gina: $700k condo ● Got married. Rent out both condos. ● Household income: $200k ● Cash $90k, Stocks, $25k, RRSP $10k Where do you wantto go? ● “Want the flexibility to work when I want to (contract work, retire early, do something else, etc.)” ● Think: FORM ● Modest goals: $5000/month ($60,000/year) Whendo you wantto be there? ● When? They don’t know. (But they should know!!). Typical answer. “I don’t know what is realistic to expect” is a very common response. ● You need clarity on this!!
  45. 45. Sample Scenario “How do I get $5000 cashflow in 10 years?” Starting Point: • Triplex #1 & Triplex #2 • Value: $1.2M • Mortgage: $960k • Rent: $5200 • Mortgage: $3800 • Expenses: $850 • Cashflow: $550 Questions: • How do I retire? • What's my path? • What do I do next?
  46. 46. Strategy #1: WAIT for higher rents and increased cashflow (which means buy in better areas!) Wait 5 years with rents on the rise (5%) and expense rising at inflation (2%). Tenant turnover is key to getting higher rents. Triplex #1 & #2 Now: Rent: $5200 Mortgage: $3800 Expenses: $850 Cashflow: $550 Triplex #1 & #2 After 5 years: Rent: $6650 (5% growth) Mortgage: $3800 Expenses: $950 (2% growth) Cashflow: $1900 ($1350 more cashflow) (BONUS: 12% of your mortgage has been paid down)
  47. 47. Strategy #2: REAMORTIZE to reduce mortgage payments and increase cashflow Wait 5 years with rents rising at inflation (2%), expenses rising at inflation (2%). But you reamortize: Triplex #1 & #2 Now: Rent: $5200 Mortgage: $3800 Expenses: $850 Cashflow: $550 Triplex #1 & #2 After 5 years : Rent: $5750 (2% growth) Mortgage: $3800 Expenses: $950 (2% growth) Cashflow: $1000 ($450 more cashflow) Triplex #1 & #2 After 5 years and reamortize: Rent: $5750 Mortgage: $3300 (reamortized over 30 years) Expenses: $950 Cashflow: $1500 ($500 more cashflow)
  48. 48. Strategy #3: GROW by refinancing and acquiring more properties (Part 1/2) Wait 3 years with increasing rents (5%), expenses rising at inflation (2%), and property values rising (7.5%). Triplex #1 & #2 Now: Value: $1.2M Mortgage: $960k Rent: $5200 Mortgage: $3800 Expenses: $850 Cashflow: $550 Triplex #1 & #2 After 3 years: Value: $1.5M (7.5% growth) Mortgage: $900k (7% paid down) Rent: $6000 (5% growth) Mortgage: $3800 Expenses: $900 (2% growth) Cashflow: $1200 ($650 more cashflow)
  49. 49. Strategy #3: GROW by refinancing and acquiring more properties (Part 2/2) Wait 3 years with increasing rents (5%), expenses rising at inflation (2%), and property values rising (7.5%). Go buy 2 more triplexes: Value: $1.5M Mortgage: $1.2M Rent: $6000 Mortgage: $4700 Expenses: $900 Cashflow: $400 (lower cashflow BUT you own 4 triplexes) Triplex #1 & #2 Refi at 3 years: Value: $1.5M Mortgage: $1.2M Equity Takeout: $300k Rent: $6000 (5% growth) Mortgage: $4700 (bigger mortgage) Expenses: $900 Cashflow: $400 ($800 less cashflow)
  50. 50. Strategy #4: DIVEST and pay off mortgages for massive cashflow (Part 1/2) Wait 5 years with rents rising at inflation (2% growth), expenses rising at inflation (2%), and property values rising (7.5%). Triplex #1 & #2 Now: Value: $1.2M Mortgage: $960k Rent: $5200 Mortgage: $3800 Expenses: $850 Cashflow: $550 Triplex #1 & #2 After 5 years : Value: $1.7M (7.5% growth) Mortgage: $845k (12% paid down) Rent: $5750 (2% rent growth) Mortgage: $3800 Expenses: $950 (2% growth) Cashflow: $1000 ($500 more cashflow)
  51. 51. Strategy #4: DIVEST and pay off mortgages for massive cashflow (Part 2/2) Wait 5 years with rents rising at inflation (2% growth), expenses rising at inflation (2%), and property values rising (7.5%). Sell Property #1: Property #1 Value: $1.7M Property #1 Mortgage: $845k Property #1 Proceeds from Sale: $855k Property #2 Current Mortgage: $845k Property #2 New Mortgage (using Property #1 Proceeds): $0 (NOTE: Also need to account for tax, divestment fees, etc.) Property #2: Value: $1.7M Mortgage: $0 (mortgage free!) Rent: $5750
  52. 52. Strategy #5: REFI & RENO, using the equity to increase rents and cashflow (Part 1/2) Wait 3 years with rents rising at inflation (2% growth), expenses rising at inflation (2%), and property values rising (7.5%). Triplex #1 & #2 Now: Value: $1.2M Mortgage: $960k Rent: $5200 Mortgage: $3800 Expenses: $850 Cashflow: $550 Triplex #1 & #2 After 3 years : Value: $1.5M (7.5% growth) Mortgage: $895k (7% paid down) Rent: $5750 (2% rent growth) Mortgage: $3800 Expenses: $900 (2% growth) Cashflow: $1050 ($500 more cashflow)
  53. 53. Strategy #5: Refi & Reno, using the equity to increase rents and cashflow (Part 2/2) Wait 3 years with rents rising at inflation (2% growth), expenses rising at inflation (2%), and property values rising (7.5%). Reno: Value: $1.8M ($300k increase in value) Mortgage: $1.2M Equity takeout: $300k Reno budget: $300k Rent: $7750 ($2000 more rent) Mortgage: $4700 Expenses: $900 Cashflow: $2150 ($2000 more cashflow) Refinance: Value: $1.5M Mortgage: $1.2M Equity takeout: $300k Rent: $5750 Mortgage: $4700 (bigger mortgage) Expenses: $900 Cashflow: $150 ($850 less cashflow)
  54. 54. Other Strategies:
  55. 55. Other Strategies to reach your goals: • Trade Up. Crappier asset for better asset. • Vendor Take Back mortgage (new properties). • RRSP 2nd mortgage (for existing properties). • Fix & Flip to increase investable capital. • Buy, Reno, Rent, Refi, Repeat (BRRRR) • Don’t cater to “lifers” • Joint Ventures • More bedrooms • House Hack • … only limited by your imagination!
  56. 56. Sales & Marketing Explore New Strategies Other Revenue Sources
  57. 57. mortgage
  58. 58. @volitionproperties www.volitionprop.com The Main Event - Executive Rentals!
  59. 59. @volitionproperties www.volitionprop.com Rick Aubry ● President and Managing Partner for Premiere Suites ● In operation since 1999 ● Over 1,300 suites, centrally located in high-demand areas across 38 cities ● OVER 100 SUITES IN DOWNTOWNTORONTO!!
  60. 60. @volitionproperties www.volitionprop.com MAKING THIS RELEVANT FOR YOU
  61. 61. @volitionproperties www.volitionprop.com Financials for Biz Model ● 2bed/2bath ● 800-900sqft (the smaller, the better) ● 1 parking ● Specific buildings ● $850k ● $3035 mortgage ● $525 maintenance ● $25 insurance ● $4296.5 property tax or $358 month ● Cost: $3943 ---> $3950. If $800k → Cost: $3764--> $3750 If $825k → Cost: $3853--> $3850 If $850k → Cost: $3943 ---> $3950 If $900k → Cost: $4121 --> $4100
  62. 62. @volitionproperties www.volitionprop.com Financials for Biz Model ● $200/night ● 30 nights ● 12 months ● $72,000 ● 85% occupancy for the year = 61,200 ● 72% rev share = $44,064/year or $3672/month ● Parking $15 x 30 nights x 12 months x 85% = $306/month At 80% occupancy → $3456/month + $288/month = $3744/month --> $3750 At 85% occupancy → $3672/month + $306/month = $3978/month --> $4000 At 90% occupancy → $3888/month + $324/month = $4212/month --> $4200 Normal rent for this same unit: ● $3250/month ● Cashflow negative $600. ● And you'd have to lease it up yourself (or hire someone to lease it for you).
  63. 63. @volitionproperties www.volitionprop.com Financials for Biz Model Conclusion: ● Target is $825-850k range ● Target is $4000/rent ● Target carry is $3850-3950. ● Target cashflow is $50-$150. ● Differential between this and regular rental is ~$750/month How much you need for a 2bdrm: $850k purchase $170k downpayment + $30k LTT + $20k furniture = $220k
  64. 64. @volitionproperties www.volitionprop.com Financials for Biz Model Pros: ● Toronto is on the rise. Rents on the rise. Occupancy is on the rise. $/night is on the rise ($210 instead of $200 --> extra $183 --> $4200/rent, and then you're laughing). ● You only need to get thru the first few years, and then you can decide to continue or not. By a certain point in time, regular rent will be good enough. ● Executive type of clientele ● Fully managed for you. ● Small M&R handled ● Furnishing is full-service ● You go from cashflow negative to cashflow neutral/positive right out of the gate. ● The likely "worst case scenario" is cashflow negative -$200 (unlikely to happen). ● The likely scenario is cashflow $50-150. ● The likely "best case scenario" is $4300 and cashflow $350-450 (90% occupancy and $205/night).
  65. 65. @volitionproperties www.volitionprop.com Financials for Biz Model Cons: ● Rev share. No guarantees. But… if you don't make money, they don't make money. ● It's not "guaranteed" like a regular lease. But you get upside potential for this undertaking. ● Big M&R you pay far (no different, really) ● Another $16-20k required for furnishings in the beginning.
  66. 66. @volitionproperties www.volitionprop.com Financials for Biz Model ● 1bed/1bath ● ~600sqft (the smaller, the better) ● no parking ● Specific buildings ● $625k ● $2231 mortgage ● $350 maintenance ● $25 insurance ● $2719 property tax or $226 month ● Cost: $2832 ---> $2850. If $600k → Cost: $2743--> $2750 If $625k → Cost: $2832 --> $2850 If $650k → Cost: $2922---> $2900
  67. 67. @volitionproperties www.volitionprop.com Financials for Biz Model ● $150/night ● 30 nights ● 12 months ● $54,000 ● 85% occupancy for the year = 45,900 ● 72% rev share = $33,048/year or $2754/month At 80% occupancy → $2592/month --> $2600 At 85% occupancy → $2754/month --> $2750 At 90% occupancy → $2916/month --> $2900 Normal rent for this same unit: ● $2500/month ● Cashflow negative $350. ● And you'd have to lease it up yourself (or hire someone to lease it for you).
  68. 68. @volitionproperties www.volitionprop.com Financials for Biz Model Conclusion: ● Target is $600-625k range ● Target is $2750/rent ● Target carry is $2850. ● Target cashflow is negative -$100. ● Differential between this and regular rental is ~$250/month ● 2bdrm + parking is better than 1bdrm
  69. 69. @volitionproperties www.volitionprop.com Announcements
  70. 70. @volitionproperties www.volitionprop.com Sign up for Advisory! ● 60 Minute complimentary Advisory Consultation ● We will help you determine ○ Where you are at ○ Where you want to go ○ Help you build a customized plan to get there ● Sign up on the whiteboard ● We will reach out to you by Monday to schedule a session with our Advisory team
  71. 71. @volitionproperties www.volitionprop.com What do YOU want to learn about this year?
  72. 72. @volitionproperties www.volitionprop.com Next Month - Street Smart Tour ● Wednesday, May 18th, 2019 ● Loblaws Parking Lot
  73. 73. @volitionproperties www.volitionprop.com
  74. 74. @volitionproperties www.volitionprop.com
  75. 75. @volitionproperties www.volitionprop.com Networking Time! ● Please stay, have a drink / food and support a local business ● We will be here until 10pm THANK YOU!!

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