Financial Success Summit - BG Wealth Group

Personal Wealth Workshop

Wednesday, September 14, 2022 I 6:00 PM

Personal Wealth Workshop

Financial Success Summit

Be Your Own Boss

Wednesday

September 14, 2022 I 6:00 PM

FSS stands for Financial Success Summit! Do you feel financially successful? Or do you feel trapped by inflation, bad tax management and under-performing investments? This session will unlock the often-unknown opportunities wealthy entrepreneurs use to create and grow wealth. It’s all about who you know and we are here to help. In more ways than one, it’s time to Be Your Own Boss.

Hosted by Craig Dunkerley

Craig Dunkerley

CEO & Co-Founder BG Wealth Group

Craig Dunkerley is an expert investor, multi-business owner, financial specialist, and international speaker who inspires others to emulate his successful financial strategies. Craig is the CEO and Founding Partner of BG Wealth Group™ a group of companies that share one common objective: to provide the support that enables business growth and expands wealth. His extensive investment knowledge comes from his hands-on experience with buying and selling real estate and managing index funds for more than a quarter of a century.

What You Will Learn

A truly entrepreneurial approach to building wealth…

Set realistic personal wealth goals
How-to save on tax and start building investable income now through strategic write-offs
Gain 60% of your investment funds back by eliminating costly investment and advisory fees
Discover how to build a real estate-centric investment portfolio
Get access to a team of people winning at investment NOW!

Session Value: US$ 850

Your cost: COMPLIMENTARY as a guest of the Toronto Franchise Show

Register Now

Your wealth-building journey begins now

info@bgwealthgroup.com

Your wealth-building journey begins now

Your wealth-building journey begins now

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.

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.