BG Wealth Group

Our Firm

Our Firm

OurStory.jpg
Our Story

How Two Great Talents Came Together.

Claudia Harvey was already a successful entrepreneur when she met Craig Dunkerley.  He was a sought-after business guru who lectured on taxes and investments.  Both believed in the power of successful strategy to build wealth and actualize potential. Now, they’ve come together with a shared goal: guiding others toward wealth and individual financial success.

Both Claudia and Craig work closely with the BG Wealth Group team to ensure clients are provided cutting-edge business strategies, innovative financial wealth opportunities, and the essential elements necessary for personal and business growth.

OurStory.jpg
Our Story

How Two Great Talents Came Together.

Claudia Harvey was already a successful entrepreneur when she met Craig Dunkerley.  He was a sought-after business guru who lectured on taxes and investments.  Both believed in the power of successful strategy to build wealth and actualize potential.  Making the best financial arrangement of their lives, they decided to join forces.

Both Claudia and Craig work closely with the BG Wealth Group team to ensure clients are provided cutting-edge business strategies, innovative financial wealth opportunities, and the essential elements necessary for personal and business growth.

What is Wealth?

The BG Wealth Group Perspective

Our ideas about wealth are actualized through your ideas about wealth.  One investor might want to retire a few years early, while another can imagine a mansion, a yacht and endless time to travel.  Both are successful versions of wealth, and both are achievable.

We start with the question: What does wealth mean to you?
What-Is-Wealth.jpg

What is Wealth?

The BG Wealth Group Perspective

Our ideas about wealth are actualized through your ideas about wealth.  One investor might want to retire a few years early, while another can imagine a mansion, a yacht and endless time to travel.  Both are successful versions of wealth, and both are achievable.

We start with the question: What does wealth mean to you?
What-Is-Wealth.jpg

Investment Strategist & CEO

Craig Dunkerley

Business Strategist & President

Claudia Harvey

Our Founders

Different Perspectives, Common Vision.

With focused dedication, BG Wealth Group co-founders Craig Dunkerley and Claudia Harvey have achieved individual success, taking their own paths to grow wealth.  Now, they’ve joined together with a shared goal: guiding others toward wealth and individual financial success.

BG Wealth Builders

Director of Investor Relations

Rory Bloomfield

Director of Aquisitions & Growth

Jakob Harvey

Manager of Research and Investment Strategy

Josh Braganza

Marketing Manager

Carmen Villadar

Our Founders

Different Perspectives, Common Vision.

With focused dedication, BG Wealth Group co-founders Craig Dunkerley and Claudia Harvey have achieved individual success, taking their own paths to grow wealth.  Now, they’ve joined together with a shared goal: guiding others toward wealth and individual financial success.

Craig Dunkerley
Investment Strategist & CEO

Claudia Harvey
Business Strategist & President

BG Wealth Builders

Rory Bloomfield
Director of Investor Relations

Jakob Harvey
Director of Acquisitions & Growth

Josh Braganza
Manager of Research & Investment Strategy

Carmen Villadar
Creative Director

Business Units

Tax & Accounting Solutions

BG Wealth Group offers personal and business tax and accounting solutions to round out investment portfolios. Tax advice and investment strategies go hand in hand, and BG Wealth Group provides a full-solution to our valued clients within Canada and the United States.

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Business Units

Accounting & Tax
Solutions

BG Wealth Group offers personal and business tax and accounting solutions to round out investment portfolios. Tax advice and investment strategies go hand in hand, and BG Wealth Group provides a full-solution to our valued clients within Canada and the United States.

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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.

Detroit

Detroit – 32 Single Family Homes

AVG. Per House Total Portfolio
Purchase and rehab costs
$15,000
$496,000
Rents upon acquisition
$0 (Vacant)
$0 (Vacant)
Fully monthly rented
$700
$22,400
Fully rented monthly positive cash
$500
$16,000
Fully rented Building Value
$45,000-$65,000
$1,344,000
5-year ROI annualized
34.19%

The Story
BG Wealth Properties acquired its first significantly sized portfolio in the City of Detroit in 2013 when the City was going through bankruptcy. The City’s situation created the birth of our value investing business model in acquiring undervalued properties that require rehab in markets that are going through a revitalization and or economic growth. BG recognized that the new mayor coming into Detroit was highly experienced and had a tremendous vision to bring the downtown core back to life. We believe that undervalued real estate combined with City officials with a strong vision for growth is the key to investing in any market.

In 2013 BGWP acquired 32 single-family homes and completed renovations for a total investment of approximately $15,500 per home (includes purchase and rehab). On average, these properties generated $500 per month in net cash flow and were valued anywhere between $45,000-$65,000 depending on the property, returning an average annual ROI of 30%+. This was an exceptional opportunity with a high ROI.

This proven philosophy that BG employed in the City of Detroit has become the basis for investing in many other projects. While BG was only a small player in helping the City of Detroit go through its revitalization, we believe we can become a major player in other similar markets in across other cities in North America.

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.