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BG Wealth Group CEO to host real estate investment masterclass

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BG Wealth Group Co-Founder and CEO Craig Dunkerley will host a seminar on September 10-11, 2022 at The Toronto Franchise Expo in Toronto, Canada.

Click here for your complimentary ticket

The presentation – which will give an instructional overview of Craig’s real estate investment strategies – is entitled “Four Years to Your First $1 Million”. At the show, Craig will also be hosting a booth for the two franchise brands within BG Wealth Group’s portfolio: Flame ‘N Bricks Pizza and Coach’s Burgers. Get your complimentary tickets here. 

“I have given seminars for basically my entire career, and I have developed a short module that captures the best and most actionable guidance I give for those looking to start a career in real estate investment,” Craig stated. “We break down the inside knowledge that you can normally only get from incredibly experienced investors.”

The seminar will be a highlight of the show, where thousands of exhibitors will explore franchise brands from all over North America. The show encourages entrepreneurial thinking, which is a brand value shared by BG Wealth Group and its founders. One of Craig’s milestone lessons is the importance of being entrepreneurial and developing one’s own business concepts. He sees this as a critical part of taking control of one’s taxes and expenses, which is the first step to building generational wealth.

Craig will deliver “Four years to Your First $1Million” at 12:30pm on both Saturday September 10 and Sunday September 11. The BG Wealth Group booth experience will include a showcase of the two franchise brands, as well as a chance to register for Craig’s Financial Success Summit: Be Your Own Boss, Craig’s personal wealth workshop – on Wednesday September 14, 2022.

Register for your complimentary ticket to the show here. 

Craig Dunkerley - Co-Founder & CEO

We’ve seen people acquire their first property after sitting through one session, and then go on to be very successful and partner with us for years to come.

Craig Dunkerley
Click here for complimentary ticket

The information provided in this article is subject to the terms and conditions of BG Wealth Group, which can be accessed by clicking here. 

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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.