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MillerCoors thought it was building the next generation of beer drinkers. It thought it was cornering the millennial market. It thought its novel ‘Two Hats’ brew would be the enchantress that lured them away from wine and spirts. It was wrong…. CLICK for complete article
Tesla Inc shares were halted with news pending Tuesday at 2:08 p.m. after CEO Elon Musk tweeted he was considering taking the company private. The tweets came not long after a report that Saudi Arabia’s sovereign wealth fund has built a $2 billion stake in Tesla.
Tesla representatives confirmed the unexpected tweets were, in fact, posted by Musk and were not the result of a hack. The company didn’t confirm or deny any particular strategy, though…. CLICK for complete article
-Retirement Option-
Brand New House

Walk Up Lot – $129,900 list price
Move-in ready engineered home-$256,500
- Bottom floor accessed from street level=1000 sq ft two bedroom
- Upper level walkout to back yard=1200 sq ft two bedroom
- Foundation
- Services
- Home and installation
- Driveway
- Landscaping
Total=$386,400
Financing

- 20%Down Payment=$77,280
- 10%deposit on the lot=$12,990
- Remainder=$64,290
- 80%Mortgage
- $309,120 @ 2.6%5 year fixed
Carrying Cost=$1,414 per month
Retirement Benefits
- Incredible South Okanagan weather
- “The Wine Capital of Canada”
- Walking distance to the town centre
- Diverse dining and shopping
- Golf,Hiking Skiing,Boating and much more
- A mecca for gardeners
- Guests will want to visit!
- South Okanagan General Hospital in Oliver
- 90 minutes to Kelowna International Airport
- 20 minutes to the US border
Disclaimer
This case study was developed as of Sept 21st,2018 and is intended to provide a guideline only.It was created based on information solicited from modular home builders,mortgage brokers,property managers,municipal information and the developer.Prices,interest rates,rental rates,property valuations and costs are estimates only and should not be considered definitive.
-Retirement Option-
Brand New House

Walk Up Lot – $129,900 list price
Move-in ready engineered home-$256,500
- Bottom floor accessed from street level=1000 sq ft two bedroom
- Upper level walkout to back yard=1200 sq ft two bedroom
- Foundation
- Services
- Home and installation
- Driveway
- Landscaping
Total=$386,400
Financing

- 20%Down Payment=$77,280
- 10%deposit on the lot=$12,990
- Remainder=$64,290
- 80%Mortgage
- $309,120 @ 2.6%5 year fixed
Carrying Cost=$1,414 per month
Rental and Operating

- Bottom suite-$1150 per month
- Upper suite-$1500 per month
- Mortgage-$1,398 per month
- Strata Fee-$100 per month
- Future Maintenance budget-$100 a month
- Taxes-$2898 annually
Net Income=$727.50 per month or $8,730 Year 1
Net Income Total Year 5=$46,920
*Based on 2%annual increase in rent and operating expenses
Equity

- Mortgage reduced by $8,934 in Year 1
- 2%increase in property value=$7,720 in Year 1
Equity increase Year 1=$16,654
Equity increase by Year 5=$40,200
Disclaimer
This case study was developed as of Sept 21st,2018 and is intended to provide a guideline only.It was created based on information solicited from modular home builders,mortgage brokers,property managers,municipal information and the developer.Prices,interest rates,rental rates,property valuations and costs are estimates only and should not be considered definitive.







