House development & investment Business plan
by: MyHomebuilder.ca
Fact: Introduction: With Vancouver being 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 26 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: V981362 For Sale: $1,098,000 Building Type: House Bedrooms: 5 Floor Space: 1820 sqft Storeys: 2 Built in: 1950 Land Size: 7935 Bathrooms: 2 Title: Freehold Location: 955 FOREST HILLS DR North Vancouver, BC
Comparable property:
MLS速: V970417 For Sale: $2,488,000 Building Type: House Bedrooms: 8 Floor Space: 5983 sqft Storeys: 2 Built in: 2013 Land Size: 9200 View: Bathrooms: 7 Title: Freehold Location: 996 GLENORA AV North Vancouver, BC
Investment requirement:
House purchased price: $1,198,000 Construction cost …........................: $750,000 Sales, legal & Management fees:.… $200,000 Mortgage down payment:….............. $360,000 Interest:………………………….............. $24,000 Total cost:………………………….......… $2,172,000 Total investment: ……………..........… $660,000 Sales price:....................................... $2,848,000` Profit:................................................ $676,000 Profit ratio:……….................................100%
Notes:
Timeline: It's wise to expect 14 to 18 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.