The ongoing roller coaster ride on Wall Street and sustained low interest rates have
more and more people looking for alternatives to the stock market. Favourable tax
laws and continued growth in Arizona are driving investment interest. In addition,
property values in recent years have made investing in real estate more lucrative.
Westcor’s goal is to provide investors with properties that have dropped more in
value than the real estate market average, and which have the greatest potential
increase in value when the market rebounds. For example,
areas that have dropped 60% in value will rebound much quicker than areas which dropped
only 20%. Depreciation in the Phoenix real estate market and the abundant investment
opportunities available today, provide an unprecedented window of opportunity for
savvy investors — the timing of this investment opportunity couldn’t be more perfect!
The properties we invest in are not foreclosure or short-sale homes, nor are we in
the refurbishing business. Typically, we look for multi-family complexes — apartment
blocks and condos — in desirable Greater Phoenix neighbourhoods, where few rentals
are available, making it easier to obtain tenants. We target properties with high
current occupancy in medium to high end locations which produce instant cashflow
for longterm investors.
This offering allows investors to earn a minimum of 7-10% return
on rental income with, more importantly, the potential of a larger
return upon the sale of the building. Investors indirectly participate in the ownership
of a portfolio of undervalued condominiums and apartment blocks in Phoenix. The investment
presents an opportunity for Canadian investors to enhance and diversify their investment
holdings, without the hassles of owning foreign real estate. Property analysis and
acquisitions, tenant prospecting and property management is all handled by Westcor.
Taxation on the investment return: If you are in the 40% tax bracket,the US and Canada
total 40%.; i.e. if you are taxed 20% in the US, you will be taxed