This home is located at 2508 Shakespeare St and has an Open House this Saturday Feb 7th from 1:30 to 3:00, which you are welcome to just show up at. It has 3 suites, with the main suite being totally renovated and gorgeous. It is located a few blocks away from the Royal Jubilee Hospital, so your tenants would be lining up, and could walk to work. Right now the whole property is being rented for $5515 per month, but if you wanted to live in the beautifully renovated suite yourself you could rent the 1 bedroom suite for about $1800.00 and the Tiny Home for $1350 for a total rent income of $3140 per month. Rent can be calculated at approximately $500 per $100,000 of Mortgage, so you could say $3000 rent divided by $500.00 = 6 or $600,000 worth of Mortgage. So for a house that's worth $1,200,000 (with minimum down payment) you can subtract about $600,000 in Mortgage costs, and you are paying for about $600,000 of the mortgage yourself, with your tenants or a Co-Owner paying the rest. I've included the lising, floor plans and a Mortgage Calculation sheet below that shows that after the 1st 5 year term you will have paid $179,519 towards the principal (or back in your pocket) That amounts to $2992.00 of every mortgage payment every month that goes back to your "Piggy Bank". If you rented for 5 years you would have 0 in your pocket. If any of this is fuzzy or confusing, don't worry. I'm happy to get on a call and explain it. (Maybe I'll do a Video) https://portal.onehome.com/en-CA/share/1137502z29643

Just in case you like to keep up on Skool News, here's the latest as of Feb 3rd.

Hello..... I decided to record a quick video update on today's "Coffee Hour". Our next big event will be Wednesday Feb 11th between 7:00 PM and 8:00 PM where Judy and Cyrena will unveil our new "Matchmaking Program". I think it will be the defining feature of our "Shared Home Ownership Program", and allow both "Buyers and Investors" to find each other through weighted questions. I also go over our next "Meet and Greet" at Quality Foods, and the next Open House Tour in Royal Bay in Colwood, where they have "Giveaways for the Early Birds". I've attached 2 brand new homes that we will view, and have broken them down into what the main house will sell for and the suite will sell for. Let me know what you think, and let's book a call soon.

We’re at 50 members and counting!! 👏

Hello.... I'll be on the following link at 7:00 PM tonight, so I'm hoping we will have a few people on. We can discuss whatever we want and have time for. I'd like to give you a quick tour around our Skool Community and talk about the Meet and Greet and Open House Tour this Saturday Jan 31st. It would be great if I get some keeners joining us, who want to view specific properties, as I'd be happy to line them up. Otherwise, I'm going to book the 3 that I'll share with you in the Gorge area. I think they are in a fabulous area by the Gorge walkway, and would make fabulous "Shared Home Ownership" Properties. Hoping to see you shortly. David https://www.skool.com/live/cp5pgxNPHxw