Susan provides insights and advice on private money and the reasons why investors would want to use private money. It can be the wild west out there when it comes to private money however if you have someone like Susan who can educate you on your side you will be all right. Her main message is to hang in there with COVID-19, we are all going to survive this and we are going to grow whether it’s good or bad news in the economy.
In this episode you will learn about:
– Definition of private money
– Common reasons for investors to use private money
– Top things to consider before you lend and before you borrow
– How can a 2nd mortgage be helpful for those coming up on a refinance?
– Things to have ready to go to lenders & borrowers
Susan was effectively brokering deals so she realized she needed to obtain a mortgage licence so that she could assist borrowers and lenders on a regular basis. Now as the Principal Broker/Owner of “Private Money 4 Mortgages – Lic #13251” , Susan’s mortgage brokerage specializes in private mortgages.
Now, most of her real estate investing is done with private lending for mortgages through registered funds (RRSP, RESP, RRIF, TFSA, LIRA) as well as using cash.
Phone Number: 519 803 1642This episode has been brought to you in part by:
Black Jack Contracting Inc – https://blackjackcontractinginc.ca/Private Buyers – https://privatebuyers.ca/
Butler Mortgage – https://www.butlermortgage.ca/