Happy 2022 Friend

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Subject: Happy 2022 Friend

Hi Friend,

We are well into 2022, and we couldn't be more thrilled about the possibilities this year. Before looking ahead, Patrick and I spent some time at the beginning of January reviewing 2021.

We're grateful that we could help many couples and families invest in real estate last year, placing $873,000 of capital into strong, recession-resilient real estate, shielded from the ups and downs of the stock market, and protected from inflation. We purchased 20 more brand new units, adding another $4.7M assets under management.

2021 Year In Review:

A Peek Into 2022:

Over this coming year, we're excited to continue being your "boots-on-the-ground" team in affordable Alberta (where it seems that all of Canada suddenly wants to invest!) finding off-market opportunities in Edmonton, and we're diversifying into the US (specifically Florida, where I'm flying to this Thursday to walk through some properties!).

Property Updates:

Less than 10 days until closing on a brand new 8-plex!

A countdown has been happening on our Instagram page... if you've missed the updates, click here.

The last month always has the most changes!

Left to finish:

vinyl siding
stone façade
garage doors
blinds
light fixtures
decks and stairs
final touches

On the asset management side, we've been finalizing:

financing

insurance
tenants
utilities
home inspection
welcome manuals
safety features for tenants

After possession, we can relax? Nope!

We'll be putting our application together to refinance with CMHC's NEW Affordable Housing Program, which is accepting applications March 7.

The new program allows for as little as 5% downpayment (you read that right!), and a 50-year amortization... as long as you meet the new criteria. There will likely be a flood of applications into CMHC, but we are working on a special business plan to stand out :)

It ULTIMATELY means that we'll be providing affordable housing to our community while making our partners a great return.

Our mortgage broker wrote a great piece on it here:

https://www.linkedin.com/pulse/cmhc-announces-program-provide-95-leverage-50-year-here-keshavjee/

This project is now FULLY FUNDED, but if you want to be on our "first to call" list for when another opportunity comes up, let me know.

I love this real estate stuff...

but if construction and financing don't interest you, here's just a fun picture of what we'd look like with purple hair!