House development & investment Business plan
by: MyHomebuilder.ca
Fact:
Introduction: Vancouver is one of the most desirable cities to live in the world, investing in real estate in Vancouver is one of the most dependable and secure strategies for creating and preserving wealth. MyHomebuilder.ca is in your service to lead you and manage all the steps toward your wealth achievement. With over 28 years experience, our team has everything in place to deploy a strategy to help you to become wealthy with passive income.
Subject property:
MLS速: R2009384 Building Type: House Bedrooms: 3 Floor Space: 1320 sqft Storeys: 2 Built in: 1961 Land Size: 7981 Bathrooms: 1 Title: Freehold Location: 8091 LUCERNE ROAD Richmond, BC
For Sale: $1,199,000
Comparable property:
MLS速: R2020415 Building Type: House Bedrooms: 5 Floor Space: 3218 sqft Storeys: 2 Built in: 2015 Land Size: 8708 View: Bathrooms: 6 Title: Freehold Location: 8288 LUCERNE ROAD, Richmond, BC
For Sale: $3,580,000
Investment requirement:
House purchased price...................: $1,199,000 Construction cost …........................: $950,000 Sales, legal & Management fees:.… $250,000 Mortgage down payment:….............. $360,000 Interest:………………………….............. $42,000 Total cost:………………………….......… $2,442,000 Sales price:....................................... $3,580,000` Profit:................................................ $1,138,000 Total investment requirment: ......… $1,392,000 Profit ratio:………................................81% (within 2 years)
Notes:
Timeline: It's wise to expect 15 to 24 months from the time of purchase the house until the sell of the new house. Responsibilities: The investor would not need to do anything but write an agreement with MyHomebuilder.ca and the company would take care of all the process including legal documentation, design and permit process, construction management and dealing with real estate agents. Ownership and control: The investor is the owner of the property and keeps the control of the investment.