WSGF - Vaycaychella Announces P2P Investment App Update Presentation Including Visa Card and Cryptocurrency Strategic Highlig...
December 22 2020 - 9:30AM
InvestorsHub NewsWire
Dallas, TX -- December 22, 2020 --
InvestorsHub NewsWire -- World Series of Golf, Inc.
(OTC
Pink: WSGF) ("WSGF") today released a presentation giving
updates on the company’s progress toward the production release of
its core Vaycaychella peer-2-peer (P2P) application (app) to
automate the connection of short-term rental property buyers with
investors. The presentation additionally provides updates on
other key ancillary applications also being developed by
Vaycaychella to support the overall short-term rental property
operator (host) ecosystem. The presentation is included in
its entirety below:
Vaycaychella P2P Short-Term Rental Property Investment
App Update Presentation
The recent
Airbnb IPO, and the popularity of other short-term vacation
property rental applications like Bookings.com and VRBO owned by
Expedia, have revolutionized the travel industry. Airbnb
alone has more rooms to rent than Hilton, Marriot, Hyatt,
Intercontinental and Wyndham combined. The power of sharing
economy technology, like that introduced by Airbnb, that unites a
network of strangers into a business with a magnitude that far
exceeds the reach of a conventional business operation is not to be
underestimated.
And Airbnb,
along with its Bookings.com and VRBO peers, is just the tip of the
travel industry revolution. Airbnb and its peers are just
where property owners meet to exchange a place to stay for a
reasonable fee. The Airbnb IPO directs a spotlight on all the
ancillary sharing economy technology opportunities that can be
added to the travel industry revolution.
Host-Airbnb-Visitor Model
The Airbnb
operator has to manage the property keeping the lights and the gas
turned on; the linens cleaned; the yard tended, and repairs
maintained. The operators have to pay property taxes,
possibly a mortgage not to mention colleting rental fees and paying
sales taxes. All these functions are candidates for being
taken over by sharing economy technology.
Before finding
renters through Airbnb, or maintaining a property, a property has
to be acquired. A prospective property has to be inspected; a
loan likely has to be approved; title has to be cleared and
transferred and insurance has to be obtained. The
conventional means for acquiring a property are restrictive and
limit the short-term rental property owner and operator opportunity
to a very narrow sector of candidates.
Future
Apps To Help Hosts Manage Properties
Vaycacychella’s mission is to substantially widen the short-term
rental property owner and operator opportunity to a much wider
sector of candidates by simultaneously broadening the investment
opportunity to more potential investors.
Conventionally,
an income property buyer needs to generally be prepared to have 30%
of the purchase price for a target acquisition. They also
need to have a predetermined level of income and a certain credit
score in order to qualify for a mortgage. These criteria
largely stem from government guidelines associated with the various
guarantees governments provide to banks to insure their
viability. Remember the 2008 government bailout of
commercial banks. Since then, the criteria for mortgages has become
even more restrictive.
Banks like
Wells Fargo and Citibank provide mortgages by leveraging other
client’s deposits and government guarantees that are in turn made
possible by taxpayer dollars. Why can’t those
depositor/taxpayers just make the investment/mortgage directly to
the borrower/partner/short-term rental property buyer directly
without all the overhead of Wells Fargo, Citibank or the
government?
With the advent
of sharing economy technology, individuals that otherwise deposit
funds with a conventional bank and pay taxes that guarantee the
viability of a conventional bank, can now directly invest with a
short-term rental property buyer. Opportunities can be
evaluated based on the viability of the short-term rental property
enterprise rather than arbitrary conventional bank criteria
influenced by the government.
Sharing
Economy Tech Changes Real Estate Investment Rules -
Illustration Chris Gash
Short-term
rental property buyers and would-be operators can evaluate with
potential investors the return-on-investment opportunity to
purchase, if necessary, renovate, and operate a target property
independent of the buyer’s current cash reserve and credit
rating.
Over the last
three years, Vaycaychella has built a pilot portfolio of short-term
vacation property rentals. Without exception, all of the
properties have either been distressed for one reason or another,
or located in a developing economic region – sometimes, the
properties have been both distressed and located in a developing
economic region. Some properties were hurricane victims in
exotic and attractive beach locations. Some were just
abandoned for years due to the prevailing economic conditions of
the region. One was a COVID economy victim. None of the
properties would have been viable conventional mortgage
candidates.
Through our own
experience, Vaycaychella is building a core P2P app to connect
short-term vacation property owners and investors without the
conventional limitations of traditional banking. Just as
Airbnb, Bookings.com and VRBO cut out the conventional corporate
travel agency network and offered an alternative to the limitations
of hotels, Vaycaychella is bypassing the traditional banking
middleman to directly connect individual investors to real estate
secured investment opportunities managed by entrepreneurs the
investor can independently evaluate.
Last week on
Friday, we met with our software development team. We
evaluated testing of the P2P app to date and have directed
functionality updates. We anticipate updates to be complete
in January and beta testing to commence in
February.
WSGF, through
its Vaycaychella subsidiary, recently announced plans to introduce
a Visa Card service for hosts. We anticipate the pilot Visa
Card service being available for our in house hosts by
February. After an internal trial period, we will make the
Visa Card service available market wide to any short-term rental
host.
Look For
Vaycaychella Cryptocurrency Survey Coming
Soon
WSGF, through
its Vaycaychella subsidiary, also announced its intention to
integrate a cryptocurrency component of its overall strategy.
As a first step toward this end, the company will launch a survey
for prospective investors and hosts to garner feedback for input
into our cryptocurrency strategy. We plan to launch the
survey right after the first of the year in early
January.
To learn more
and keep up with the latest updates at Vaycaychella, visit
https://www.vaycaychella.com/. At the company website,
you will find a blog with frequent industry publications on the
short-term rental market in general, as well as entries specific to
Vaycaychella.
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
WSGF
Contact:
William "Bill" Justice
bill@vaycaychella.com
(800) 871-0376
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