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The Slingshot Advantage PDF Print E-mail
Written by Kimberley Smyth   
Wednesday, 01 September 2010 14:03

THE ADVANTAGE OF ADDING VALUE

Calgary AB - 31st August 2010 - In this current market it is understandable to question how Slingshot can make such good profits for their investors.  Slingshots secret to success is not as mysterious as first thought; it’s rather simple planned procedures that work. The unique thing about Slingshot is that we do not base our profits on forward looking projections, but on the concept of “adding value”. 

The concept of “adding value” works like this; firstly Slingshot buys the land under current market value, adding a profit margin from the start.  We then rezone the land, subdivide it and add services such as roads, and utilities. All of these increase the value of the property.  If there is still time in the project before the June 30th 2013 pay out commitment we have the opportunity to build out the project to sell to the end user. This in turn will maximize the value of the property.

Slingshot has never worked inflation into our profit margins. We have based our sales price of the property on the value of the market remaining stagnant. Our costs have been budgeted to accommodate reasonable contingency for unexpected costs.  Therefore inflation can only affect our projected earnings in a positive way giving us an advantage no matter the market.

At this current point the Patterson Project is moving forward at perceived smooth pace.  The drawings are in process for the development plan. Once we have received these we expect the city to response within six weeks for approval.

There has been a lot of interest in the project. Our reps are finding our product an easy sale and subscriptions are arriving steadily. Due to a number of out of town interested investors, we are taking a team on the road for promotion of the Project. We will be presenting investment seminars in the month of September. For information on how to attend one of these please contact the office on 403 265 8686.
Last Updated on Wednesday, 01 September 2010 14:31
 
Proving Profitable PDF Print E-mail
Friday, 30 April 2010 00:09

PATTERSON REAL ESTATE PROJECT IS PROVING TO BE PROFITABLE EVEN IN THIS ECONOMY

Calgary, AB – April 30, 2010 – Slingshot Developments project "Patterson Real Estate" is growing equity quickly. A recent independent appraisal for the land came in at 17% above the purchase price. This is far higher than any typical market value increase even prior to the recent recession.

Price Aspinall Appraisals were engaged last month to conduct an appraisal on the current value of the 4 Acre land parcel that Patterson Real Estate has purchased. The current land value came in at $3,750,000.00 which is 17% higher than the purchase price of $3,200,000.00.

While some have wondered how it is possible to create over half a million dollars worth of equity before the real work has even began, CEO of Slingshot Developments Jay Harder insists, he is not surprised and that the investment is right on track. “While I suspected some profit to come from the initial purchase of the land, a large majority will come from the hard work to get the land ready for development.”

Slingshot Developments Inc, opened this new offering Memorandum to outside investors late last year. The company has always prided themselves in the ability to find land with excellent potential to add value. They have a track record for making high returns for themselves and investors through purchasing wisely regardless of the market situation.

A Calgary Herald article boasts, “With an upswing in the economy, home construction activity so far this year in the Calgary census metropolitan area has tripled 2009 levels, an illustration that the economic recovery is underway.” Don Dessario, Calgary region president of the Canadian Home Builders’ Association, said low interest rates have sparked new home sales”

Calgary has resumed it's steady real estate growth pattern.  Patterson Real Estate is poised to take excellent advantage of the Calgary market.

Read more: http://www.calgaryherald.com/business/Home+construction+shakes+2009+slump/2876743/story.html#ixzz0mbySBjGE
 
Looking Up PDF Print E-mail
Tuesday, 16 February 2010 00:06

EVERYTHING IS LOOKING UP FOR THE PATTERSON PROJECT!

Calgary, AB – February 16, 2010 – Slingshot Developments project "Patterson Real Estate Inc." seems to have more potential than anticipated. A design concept of the building for the land boasts a possibility for 86 loft style apartment units. This is almost 3 times the number of units that the business plan needs to make the targeted returns.

The concern at the community development meeting for Patterson Heights last week was that such a large number of units may take the community over the prescribed density limit. Slingshot however is well aware of the allowable density According to the last City Census there are 1750 dwellings in Patterson Heights while the original concept plan anticipated 2585 dwellings. The addition of approximately 90 units will still leave Patterson Heights under developed by 745 units. Though 86 units seem like a large complex it will still have very little impact on the total density of the neighborhood.

Campbell Design has been engaged to begin the application process. Their concept includes a potential of 86 loft style apartment units, underground parking, and a 5000sq. ft. community center. The design also has taken into account the increasing desire for environmentally aware building concepts. The proposal includes options for grass roofs, solar collectors, water cisterns and more.

While there were some tough questions asked at the community meeting there was very little negative sentiment toward the development and design concept that Slingshot put forward. Jay Harder CEO said he “was pleasantly surprised the community is so favorable towards this venture, there is still a long way to go, but I feel overall the meeting was very a huge success”.