{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/9ef6ad0fcfe6498fbbc8e194634d41f6\" frameborder=\"0\" width=\"1152\" height=\"864\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":864,"width":1152,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":864,"thumbnail_width":1152,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/9ef6ad0fcfe6498fbbc8e194634d41f6-00001.gif","duration":989,"title":"💰🏠BEST PRE-CONSTRUCTION OPPORTUNITY OF 2022 | Only 5% per Year From 400'S | Design District Hamilton - laura@mmgb.ca - Matrix Mortgage Global Mail - 27 July 2022","description":"Text Laura at 647 822 6762 if you're interested! You can review the entire project, price sheets, floor plans and more info here:  https://drive.google.com/open?id=1EewIgo_AM99LMiHj1kHUKAQoa5xEidIc. \n\nCOST BREAKDOWN: BASED ON THE GNEISS SUITE: 381 SQFT Interior + 145 sqft Balcony = 526 sqft ($884/sqft) \nNorth Facing Studio, 1 Bathroom - CONDO FEES: $0.61/sqft = ($232/month)\n10th Floor \n\nVIP Sale Price: $464,990 - 2022 JULY/AUGUST\n\n$5000 Deposit on Signing - Bank Draft \n\n5% - 30 Days from Signing ($23, 249.50 = $18,249.50) \n\n5% - January 2023 - $23,249.50 - january 27 (180 days) \n\n5% - January 2024 - $23,249.50 \n\nTOTAL DEPOSIT: $69,758.50 in 2.5 years (540 days)\n\nWAIT... UNTIL OCCUPANCY IN SUMMER 2026/WINTER 2027\n\n2027/2026 summer + 5% at closing ($23,249.50) = $92,998 total deposit over 5 years \n\nIF YOU SPLIT THIS 15% DEPOSIT WITH 4 PEOPLE... $17,439.50 OVER 2.5 years (You would need to save $30/day) \n\nBALANCE (MORTGAGE APPROVAL) = $371,982.50 - 2027 \n\n*THIS WILL APPRECIATE: let's say it goes up 28% in 5 years, (+ $130,197.20 by 2027) based on a 7% YR/YR appreciation, which is the 40 year average\n\n\n2027 NEW VALUE: $595,187.20 \n\nGet a mortgage of 80% of the new value OR/UP TO the original purchase price. \n\nGet a mortgage of $464,990 \n\nOPTION 1: Get your deposit back! \n\n2027 MORTGAGE AMOUNT: 80% OF NEW VALUE UP TO PURCHASE PRICE = \n\nRECEIVE YOUR DEPOSIT BACK! = + 69,758.50 and rent or move in, sit on it for a year and sell later, whatever makes sense for you. (Approx rental amount is $1800/month, break even or slightly negative with mortgage payments) \n\nOPTION 2: SELL/Assign \n\n- You can sell before you ever have to close and provide the last 5% \n\n- You can also Add the additional 5% down payment and get a conventional mortgage for $371,982.5 \n\nTOTAL EQUITY: (595,187.20 - 371,982.5) = $223,204.80 CASH EQUITY THAT YOU GET ON SELLING!! \nYou would get all this $$ if you sell it instead of occupying it"}