Тэги:
#Real_estate_investing_in_canada #real_estate_investing_for_beginners_canada #real_estate_investing_101_for_beginners #darren_voros #real_estate_investing_in_canada_2020 #Contactor #Renovation #real_estate_investing #real_estate_coaching #real_estate_investing_toronto #zahra_marani #marani_law #private_lending_canada #private_mortgage_lending_canada #how_to_become_a_private_lender_for_real_estate #how_to_become_a_private_lender_in_ontario #private_lending_for_real_estateКомментарии:
Hello lenders, investor here looking for a 1 position loan for 1 year looking for 30,000. Value if my property is 100,000.
ОтветитьGreat video, thank you both. How can I reach out to either of you for advice?
ОтветитьGreat info. Ty
ОтветитьWhat happens if the borrower defaults on the 2nd mortgage. Can he force the sale of the property?
ОтветитьThank you thank you
ОтветитьI'm want to be a angel investor, for multifamily complexes for class c properties should we form a LLC . I don't know what the risks are?
ОтветитьI'm interested in talking to Zahra for handling my private money lending deals. I'm in the USA. If she can't, can she recommend someone in whom I could trust? Thank you.
ОтветитьLawyers are allowed to refer clients to other lawyers they have relations with to do deals?
ОтветитьInteresting. For my PML, all my promissory notes have collateral assigned. Is this a Canadian difference?
ОтветитьThis is awesome! Why is it more risky again to be 2nd mortgage?
ОтветитьGood feedback and refresh of course
. Knowing the other person important before landing.
Well explained Zara.
ОтветитьGreat content!
ОтветитьHi Darren, Very helpful video. Thanks
ОтветитьThis is a spectacular video Darren..I'm looking to get into private lending in Ontario(as passive as possible) as I don't have time to manage rental properties while running my business full time. You asked Zahra all pertinent questions any lender would need to know. Thanks for posting!
ОтветитьVery good information on private lending. Puts the rate of return into perspective.
ОтветитьGreat information and my lawyer couldn't agree more but I do somewhat disagree when it comes to unsecured investments. It is not so "black and white". There are multiple terms and variables to consider in any agreement and even more so when lending money on a promissory note. If people implement "key" terms in a loan agreement/promissory note and carefully select their borrowers, a lender can still protect his/her investments and successfully reach his/her goals. Of course, our own risk tolerance plays an important role, and also, it all depends on our views/beliefs and material attachments.
I love this excerpt by "Evelyn" a character in the movie "The Best Exotic Marigold Hotel", it encompasses a subtle truth that applies in every aspect of our life, if we desire to live a fulfilled life.
"The only real failure is the failure to try and, the measure of our success is how we cope with disappointment.
The person who risks nothing does nothing, has nothing. All we know about the future is that all will be different. Perhaps, what we fear, is that it will be the same, so we must celebrate the changes. Everything will be all right in the end and, if it is not all right, then trust me, it is not yet the end."
Thank you, Darren .You are a good interviewer. Thank you for sharing your knowledge and keep smiling.
ОтветитьMy Quebec mortgage broker and notary both say NEVER lend without security! Fair enough, especially for large loans. But let's face it, promissory notes make the real estate world go 'round. Especially for short-term needs like flips and bridge loans where we're talking about $30 to 75k for short-term, a couple of months max. I'm a lender but I understand that sometimes mortgage fees and paperwork just aren't worth it for the borrower. Great relationships and trust go a long way in this business.
ОтветитьVery helpful. Keep up the good quality info, great questions, no fluff, and all Canadian!
ОтветитьI'm glad to watch this video, very clear info regarding private lender, looking to get into this business.
ОтветитьThis is super refreshing to have this type of content from a Canadian source! Very informative.
ОтветитьInteresting information. So if there's a 1st & 2nd position mortgage on a property and the borrower defaults, the 1st position lender could just sell the property at a low enough price to recoup their money only?
For example, $800k home has $400k 1st mortgage and $200k 2nd mortgage. Person defaults, so 1st lender decides to sell home for only $400k to recoup their losses (even if it's selling the home to them self or someone they know, to flip after). This causes 2nd lender to get nothing and the purchaser of the foreclosed home to potentially earn a high return on home purchase.
That was very useful information. We appreciated the reminder about really doing your own due diligence and the detail about the risks of promissory notes and what happens when a first mortgage is in default and your in the second position.
Ответить