Will Prosperity Real Estate Investments Canada Ltd. guarantee the rate of return?
No. Any investment has certain risk associated with it. Real Estate values can fluctuate and that no return is guaranteed. The cash flows, rents and expenses are based on reasonable assumptions reflecting the market conditions in Edmonton today and the foreseeable future. They are estimates, and may be higher or lower, depending on a number of factors beyond the control of Michael Ponte and/or Prosperity Real Estate Investments. When can I expect my money? In most cases when buying an apartment building, Prosperity Real Estate Investments advises the investor not to expect any cash flow for the first 6 to 12 months. Any cash flow during that period will go toward the upgrading of the building. Of course if the upgrades are complete ahead of schedule and no more funds are required, the cash flow is simply distributed between the investors as determined in the JV Agreement. Profits are also distributed once Prosperity Real Estate Investments with the consultation of the investor(s) decid
