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Last week, I was contacted by a new client who lives and works in Richmond Hill. His renewal is up in November but he wanted to put some plans into place because he had just come into some money ($125,000 from an inheritance).

The balance on his mortgage is approximately $100,000 and he has approximately $500,000 of equity in his property.

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I recently worked with a first-time investor. He was referred to me by another investor client I have. He had no idea of how to start investing, what type of investment he wanted to do or in which area he wanted to start investing in. He had done the meet-up groups, signed up for various courses given by other investors, read many books and even spoke to other mortgage and real estate professionals, but he was still stuck on how to proceed. He was what we call in “analysis paralysis”. Continue reading

Creating the Life

The other day I was driving to do some errands with my 8 year old daughter and she commented on some really nice cars ­ I first thought “wow she has good taste” and then she said “mom, when I am old enough to drive you are going to buy me that right?” and I thought, where do kids get their needs and wants from? And are we shaping their needs and wants?  I explained that when she was old enough she was going to get a J.O.B. and earn what she wanted to have and not be given what she wanted.  She did not like that one bit, which inspired me to write this post.

What if anything are we teaching our children about wealth creation, about needs vs. wants and how to attain those needs rather than wants? Continue reading


As an Ontario focused Real-Estate investor, I attend a lot of networking groups to meet like-minded investors, make new connections and of course learn something new that will help me improve or increase my portfolio.

As a mortgage agent, I have been researching how to help myself and others get access to 2nd mortgages but most people don’t know that you can use any of your registered accounts (RRSP, RESP, RIF, TFSA, etc) to invest in an arm’s length mortgage. Continue reading

Rule of 72

The ‘Rule of 72′ is a simplified way to calculate how long an investment will take to double, given a fixed annual rate of interest. By dividing 72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to double.

Let’s look at some examples of how long it would take to double our money in each of the following instances: Continue reading

Syndicated Mortgages Vs. Resp

A few years back, my husband and I adopted a little girl.  She was three at the time and has various health issues.  She is now eight and doing well, however my constant worry as a parent is for her financial future.  With her present issues, we are unsure of whether she will be able to work and support herself financially.

When we adopted her, we put in place a RESP and looking back I’m glad I stopped contributing when I did as I could never save enough for her future with the ridiculous interest rates we were getting not to mention the fees.

This last year has been an eye-opener and after doing the math I can definitely be assured that her future will be secure, as I have established a plan by investing in Syndicated Mortgages at a fixed rate of 8% per year.  On top of that, after the 5-year term, there is the possibility of receiving developer profits.  The average per year usually turns out to be 10.25% and the best part is there are no fees! Continue reading

Overcoming obstacles to investing in real estate

Are you a hopeful real investor but are facing obstacles to getting started? You are not alone – here are two obstacles that are common and some suggestions to overcome them.

#1 – You have read or heard about somebody who started with nothing and is now a big Real Estate Entrepreneur.

This is an easy one! First, remember Rome was not built in a day and neither are experts in their fields. No matter what you want to do in life, it takes learning, aptitude, practice and application. Continue reading


It’s official, as of today all the big Canadian banks have now lowered their prime rate. RBC was the first to announce they would drop their prime rate by .15% to 2.85%. BMO, TD and CIBC quickly followed with drops of their own, then the ScotiaBank and National Bank fell off the fence and landed at 2.85% as well. This is good news.

If you are a current variable rate mortgage holder, you are now paying less interest on your mortgage. Congratulations.

However, this is really only a half measure. The Bank of Canada dropped their overnight rate by .25% whereas the banks only lowered prime by .15%. Continue reading