- Is a minimum investment stipulated by Winchester?
- How is such a high R.O.I made possible?
- What do I own as a unit holder?
- Who manages the properties?
- How liquid is this investment?
- In times of financial crisis, what is my exit strategy?
- Do you ever demand cash-calls that require unit holders to invest more money?
- What happens to my income if the property burns down?
- Can people from outside Canada invest in S.T.A.R.T.?
- What happens if Winchester ceases activity?
- How do I know my investment will be safe?
- Can my company invest in S.T.A.R.T.?
- What will my accountant need to do?
- Who can benefit the most from our program?
- This sounds to good to be true, what’s the downside?
Winchester Financial Group is an umbrella of affiliated private companies responsible for the purchase, re-development and syndication of income-producing properties in Canada.
Is a minimum investment stipulated by Winchester?
Winchester Financial Group does not stipulate a minimum investment. However, we believe that giving a deposit would be making a commitment towards your own investment in order to build equity. Minimum investments are negotiable.
How is such a high R.O.I made possible?
Winchester Financial finds, acquires, improves, and manages the most profitable real estate properties and offers them to investors. We buy quality properties in poor hands and utilize unrealized potential. We then pass this value on to our investors.
What do I own as a unit holder?
As a unit holder, you own an undivided interest of a tangible brick and mortar asset, of any piece of quality real estate that is immune to market fluctuations and volatility, which you choose to invest in. The legal structure of S.T.A.R.T. protects all unit holders from liability.
Although most companies monitor their properties closely, it is common to outsource their property management for the day-to-day operations of the properties. Winchester Financial Group has an in-house property management team of professionals, operating as one of our umbrella companies. Winchester Real Estate Investment Trust Ltd. are professionals that have expertise in effective property management. They oversee all management, operation and up keeping of all our properties in every aspect including, but not limited to, tenant relations, preventative maintenance, leasing and marketing, co-ordination and supervision of repairs and improvements etc.
As professional property managers, their commitment is with our clients and therefore their success is your success. They are experienced and qualified to conduct all aspects of ensuring tenant satisfaction, client care and increasing the long-term value of our projects. This allows you the freedom to pursue your personal and business objectives as we create a hassle-free investment.
How liquid is this investment?
This is a mid to long term investment. S.T.A.R.T. is structured as a retirement plan and it can be subsidized by your tax savings, especially in the first few years and in the later years by cash flow produced by the property. Liquidity should not be an issue since most of your investment is subsidized.
In times of financial crisis, what is my exit strategy?
One of the wonderful things about life is that it is ever changing. Should a change happen that puts an investor in a financial crisis, we are willing to work with our investors to find a viable solution, including liquidating their units or freezing their account until their financial situation improves.
Do you ever demand cash-calls that require unit holders to invest more money?
No. In our 23 year history, Winchester has never demanded a cash-call to any investors. We always maintain a sufficient cash reserve to provide interest free cash flow loans to projects when required. Projects may include lease hold improvements, tenant allowance etc.
What happens to my income if the property burns down?
All of our properties have insurance coverage, which is paid for by the tenants. If a fire were to destroy the property you are invested in, the insurance coverage would replace the property.
Can people from outside Canada invest in S.T.A.R.T.?
The simple answer is yes, however it would be better to talk with a representative of Winchester Financial Group to get a more complete answer.
What happens if Winchester ceases activity?
When a property is syndicated, a corporation is formed as bear trustee. This corporation is deemed to be inactive for tax purposes as all income and expenses are attributed to the beneficial owners (the investors). For the reason that this corporation is inactive it cannot be held liable, hence the investors’ interest in the property is unaffected by Winchester Financial’s inactivity.
How do I know my investment will be safe?
With everything in life there is always some risk. At Winchester Financial Group, we have never asked our clients for a contribution in the case of cash requirements. We have never been denied income deductions by Canada Revenue Agency. Complete disclosure regarding the investment is provided in the Offering Memorandum. We offer rental revenue guarantees, cash flow guarantees and provide a mortgage covenant guarantee. Winchester also provides equity lending for your investment. We have a vested interest in the success of the property and as an investor you get the benefit of long term real estate ownership.
Can my company invest in S.T.A.R.T.?
Yes. A corporation or partnership can get all the same tax savings that you as an individual do. A Winchester Financial Group representative can give you a better answer as to whether this investment would be the best course of action for your company.
What will my accountant need to do?
When it is time to do your taxes, Winchester Financial will provide all our individual investors all the tax documentation and instructions necessary. A T776 Form (Statement of Real Estate Rentals) is provided and should be included at Line 126 of your T1 General Income Tax return and a copy of Form T776 should be submitted with the return. Also, an Interest Expense letter is provided and should be included on Line 221 (Carrying Charges and Interest Expenses) of your T1 General Income Tax return and a copy should also be included in a Schedule 4 to be attached to your Income Tax return. You or your accountant can transfer the information to your T1 general in a seamless process.
Who can benefit the most from our program?
Anyone who is concerned about realizing a comfortable retirement can benefit from our program. Any person who is self-employed or has no company pension can benefit from our program. Individuals with no union pension can also benefit. Essentially, anyone who is seeking to meet their goal of being financially secure during their retirement can benefit from our program.
This sounds to good to be true, what’s the downside?
Everyday, Canadians receive some kind of offer that sounds too good to be true. At Winchester we believe that our products and services are not “too good” to be true. In fact, the products and services we offer should not be an exception in today’s market, they should be the norm. Winchester actively conducts its business working in the best interest of our clients. What is sound financial advice to Winchester’s successful operations would be sound financial advice to the economic health and success of our clients and vice versa.
The downside to our program is slight and simple. Our investment is structured to provide our clients with little to no out of pocket expense to own a quality piece of real estate. Many of our clients rely on tax savings to subsidize their investment contributions. Should a client lose employment, they can still benefit from the program, only their tax savings will diminish and their investment would require a greater out of pocket expense.
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