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Enhanced Referral Program Follow Up

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Spend this summer building passive income with our extended Enhanced Referral Partner Program.

As we announced earlier this week, we have extended the special offer below until July 30th, due to popular demand. Spread the Word. Spread the Wealth, with BG Wealth Group this summer.

Unprecedented Incentives 

Please see additional details below on this fantastic, limited time referral program for our Investment Partners:

We have traditionally provided a referral fee of 1% up to $1,000 for any referral.

Our Incentive: For a limited time, until July 30, 2023, we are offering a 2%, no-limit cash incentive to be a referral partner. Putting this simply: you bring us a referral of $200,000 in investment, you will make $4,000. It is that simple. You bring us a referral of $10,000, you make $200. Done!

Our programs include: a Private Lending program, a Real Estate Growth Fund and Home Equity Line of Credit [HELOC] Programs with ROI results of between 16-25%.

Private Lending: As a special offer, we will provide 10% interest on what you contribute into a private lend for the first 3 months of a new lend and then an ongoing annual rate of 16% compounded quarterly. This special offer is also available until July 30. Here is a simple example:

Example

New private lend of $25,000.

The person lending makes $2,500 in the first three months, then $3,433.76 over the next 9 months. Now *that’s* accelerated wealth-building.

And if you refer a lender to us, you make $500!

What is Private Lending?

BG Wealth Group Growth Fund [BGGF]: We offer a Limited Liability Equity Growth Fund, secured by property acquisitions! Our acquisitions have seen an average annual growth of 28.64%! As the Growth Fund grows, your investment grows too!

Do you have a HELOC (Home Equity Line of Credit) you may want to tap into to participate in this? Would you like to have a HELOC to participate? Talk to us and we can help you make more on your investment than what the banks can provide.

This is also an opportunity for a referral fee of 2%, with no limit for you as a referral partner.

Learn more about the Growth Fund

If you are interested in learning more about the referral program or our investment opportunities, contact Associate of Investor Relations, Jennifer Arzadon at jennifer@bgwealthgroup.com or by phone 416-993-2573.

I have a Referral. What do I do next?

We keep the referral process as simple as possible. Simply introduce your referral to a BG Wealth Group Associate. Once your prospect is ‘closed’ by a member of our team, we will contact you to arrange your commission payment. 

We look forward to empowering your entire network this summer to build generational wealth. Spread the Word. Spread the Wealth, with BG Wealth Group.

 

 

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950-956 2nd Ave. Street East, Owen Sound, ON

Owen Sound

261-281 9th Street East, Owen Sound, ON

Value
Purchase Price
$1,055,000
Rents upon acquisition
$127,000
Fully rented
$235,290
Fully rented Building Value
$2,256,000
5-year ROI annualized
15.99%

The Story
261-281 9th Street East is a mixed-use (commercial/residential) building located in the heart of the downtown River District of Owen Sound. The building consists of 9 residential units (7-1 bedrooms, 1-2 bedroom & 1 studio apartment) and six commercial units. BG Wealth Properties purchased the building in March 2019 for $1,055,000 and immediately started employing its value-add model by renovating units and attracting high-quality tenants at attractive rental rates.

At the time of acquisition, one-bedroom residential units were renting anywhere from $550-$800 per month, and the two-bedroom unit was renting for $700/month. Through our value-add program, BG dramatically improved the condition of these units while successfully increasing rents on one-bedroom units to $1,300 per month, and $1,400 per month for the two-bedroom unit.

Similarly, commercial tenants were paying anywhere from $8.50-$10.00 per square foot at the time of acquisition (inclusive of taxes, maintenance, and insurance). Within the first 6 months, BG successfully started renovating commercial units and had new tenants sign long term leases at an average rate of $14.00 per square foot + $4.00/foot TMI (taxes, maintenance, and insurance) – for a total average rate of $18.00 per square foot.

Fully rented, the building carries a value of $2.2 Million based on rents we have achieved through our value-add business model.

This property still has more upside potential.

image of a road

Owen Sound

950-956 2nd Ave. Street East, Owen Sound, ON

Value
Purchase Price
$555,000
Rents upon acquisition
$28,800
Fully rented
$187,692
Fully rented Building Value
$1,600,000
5-year ROI annualized
17.38%

The Story
950-956 2nd Avenue East is a mixed-use (commercial/residential) building located in the heart of downtown’s River District of Owen Sound. The building consists of 6 residential units (2-2 bedrooms, 3-1 bedroom & 1 studio apartment) and two commercial units. BG Wealth Properties purchased the building in March 2019 for $555,000. The five upstairs vacant residential units were gutted with no tenants, while the downstairs had a high-end spa and a furniture store as commercial tenants.

In March 2021, BG Wealth Group partnered with an institutional lender and secured funding to renovate all residential units. In addition, given the shortage of high-end vacation rentals in the City of Owen Sound, BG has converted all six units to short-term vacation rentals, which will launch at the end of 2021.

In June 2021, BGWP attracted an up-and-coming Flame ‘N Bricks pizzeria franchise located in the commercial space beside the high-end spa. The culmination of high-end vacation rentals on the upper level, a spa and a pizzeria on the lower level will make this building one of the most attractive buildings in the downtown River District.

BG received a post-renovation appraisal of $1.3 Million on the building – more than 2X the original purchase price. Fully rented, the building carries a value of $1.6 Million based on typical short-term rental rates of the area.