http://business.financialpost.com/2012/07/12/credit-unions-escape-new-mortage-rules/
And let’s not forget private investors who give out private mortgages.
If truth be told, let’s call all mortgages “commercial” or by some other fancy name and skirt new mortgage rules.
Where there’s a will there’s a way. It’s human nature to surf grey zones.
As far as I’m concerned get a commercial business mortgage or private one. Then at least you’re dealing one on one with real people. Not that I have anything against banks making billions in profit annually, however if I know an investor is working his way up the food chain wanting to make more money, why the hell not help him get up there. At least maybe down the road he maybe competition for the banking industry. More doesn’t hurt, as long as we spread out abundance and share wealth. Concentrated money matters has too many pitfalls.
I remember once upon a time a man by the name of Raymond Arron who gave Real Estate courses in Ottawa. I jumped on the bandwagon for courses he offered on Real Estate investments. At the time, he was a leader in the field. Now I believe we are talking about Darren Weeks(Canadian market), in a similar vein as Rich Dad, Poor Dad from Robert Kiyosaki(American market).
At the very least they have one important term right – Getting out of the Rat Race – in terms of Galatic Time Frame NRGY we are at a very pivotal point in terms of Macro NRGY – RAT. Seems like they’re in “TUNE” with it – so listen up to their messages – somewhere in the message bits of information is relevant to the big picture. Real Estate pitch who knows – but in my opinion you’ll have to be an aggressive, shrewd and agile investor to manage Real Estate investments when dealing with Tenants. Not for the faint of heart if you’re just looking to make a quick buck buying/selling. It’ll be more like going to a casino, more miss than hit. But as always some exceptions due to timing of transactions.
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