(604) 830-2438

FOR QUALIFIED INVESTORS

We are half way to our Phase 1 funding goal for rezoning 576 Lougheed Highway in Coquitlam from CS-1 low density commercial to RM-6 high density multi-family residential.

You may view the investment offering at Parvis Invest, our exempt market dealer.

Setting up an investor account with Parvis is free.

Once you are registered, you are placed in the queue for a KYC (know your client) suitability assessment with their dealing representative.

You may reach the Parvis Team at transactions@parvisinvest.com if you require assistance with setting up your account.

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LOOK : STOP : ASK

We’ve all been there when emotions get the better of us and we make a spontaneous decision to invest in something that in hindsight was not so great.

I’ve done this buying a sports car that I didn’t need or want (twice), 14 multi-level marketing businesses, a timeshare (don’t ever buy one of these), and properties in Myrtle Beach, South Carolina just before the 2007-2009 global economic crash caused by an obscure credit derivative known as CDOs.

There are 6 main reasons why we make bad decisions according to this Harvard Business Review article: decision fatigue, distraction, lack of input, multi-tasking, emotions, and analysis paralysis. 

So, when you are tempted by something you see or hear, and it’s really expensive, just say STOP – who can I ASK for advice?

Then think of me, shoot over a quick email, or give me a call before you make an emotional buying decision. 

Plans go wrong for lack of advice; many advisers bring success (Psalm 15:22 NLT).

 

July Ono.

 

MUTUAL FUND TRUST – WHY?

I was reading through the May 2023 issue of Canadian Real Estate Magazine when I read an article that caught my attention.

The topic was about the ability of mutual fund trusts (MFT) to accept registered funds for real estate projects.

Our investors have been asking us for years when we will be able to accept their RRSP, LIRA, or TFSA in our real estate investments.

The roadblock was the cost to set one of these up with quotes ranging from $350,000 to $500,000, and ultimately investors end up paying for these costs. 

More importantly, there must always be a minimum 150 investors in the fund at all times.

If it dips below 150 investors, the MFT loses its status and the unit holders are subject to a 50% penalty tax

Yikes! This is like an early lump sum withdrawal from your registered account.

So be an informed investor and ask how many investors are in the mutual fund trust before you invest.

And yes, we set up OCMI MFT to always have the minimum 150 investors.

EASYJET FLIGHTS UNDER €30

The purpose for creating and working on your desired lifestyle is about having options.

The mantra of my mentor Harv Eker, author of Secrets of the Millionaire Mind, is this: I work because I choose to, not because I have to.

In between work-related projects, we explore the world, but we are always mindful of keeping expenses to a reasonable level.

Just because you can doesn’t mean you should.

This means that we mostly travel off-season for the lowest prices and are always on the lookout for special travel deals. 

While traveling through Europe, Steve discovered EasyJet and why Europeans travel so much.

Airfare within Europe is significantly lower than traveling through North America.

OVERSEAS FRAUD SCHEMES

The RCMP and the BC Securities Commission are warning investors about overseas investment fraud schemes that involve money mules.

Money mules are recruited through online relationships or job offers and are unwitting pawns in laundering money for criminals.

The consequences for money mules (the innocent person) is possession or laundering of crime proceeds.

AGODA OR PRICELINE: NOT BOTH

While traveling to Japan last year, we learned a lesson about booking hotels through Agoda and Priceline: use one or the other, not both.

Priceline bought Agoda in 2007, but their internal systems don’t communicate with each other.

Checking into one of the hotels was a two hour ordeal because the reservations for 12 people had been canceled. 

Every call made to Agoda was forwarded to Priceline who referred the matter back to Agoda, and so on.

This is because the original booking was made on Priceline then canceled when a better deal popped up on Agoda, but for whatever reason, the Agoda reservation went missing.

Finally, we just paid for the rooms to get the family checked in and the rooms were so small that our suitcases barely fit into a room.

The next morning, I found an envelope under our door, with a request to come to the front desk as soon as possible.

It seems they found our reservations to the upgraded rooms and with profuse Japanese apologies, gifted everyone access to their $50 per person buffet.

WHY INVEST IN REAL ESTATE?

COMMUNITY IMPACT

Local Development: Real estate investors often contribute to community development and improvement, enhancing neighborhoods and providing quality housing or commercial spaces.

About July Ono.

JulyOno.com is a marketing platform for a real estate investment company. We have been actively involved in the Lower Mainland area real estate investing for a number of years.  Our mission is to provide local housing and commercial workspace to quality tenants while at the same time providing an above average return on investment (R.O.I.) for our investor partners and for ourselves. It is truly a win-win-win way of investing!

July offers her investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact July Ono.

For more information about July and her investment program, please call (604) 830-2438 and email her at july@julyono.com or visit https://julyono.com/