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Real Estate Focused Wealth Creation

Real Estate Focused Wealth Creation. Our story in brief: Keenan, Brian, Tyler Incorporated in October of 2002 Little or no money of our own Started as flip/reno investors Changed our focus to Buy and Hold Evolved into RRSP mortgage experts.

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Real Estate Focused Wealth Creation

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  1. Real Estate Focused Wealth Creation

  2. Our story in brief: • Keenan, Brian, Tyler • Incorporated in October of 2002 • Little or no money of our own • Started as flip/reno investors • Changed our focus to Buy and Hold • Evolved into RRSP mortgage experts

  3. Our Story in brief: (continued) • Purchased 2 properties our 1st year, experiencing Landlording at its finest • We created real estate business systems • We are now closing in on 50 properties in 3 years • Our plan is to be a fully diversified real estate company

  4. Using RRSPs to capitalize your business

  5. Would you like an unlimited source of investment capital? If I pay you $10 per second 1 Million Dollars = 27.7 Hours 1.3 Trillion Dollars = 4,122 Years

  6. Returns on RRSPs • What are investors looking for? • What has been your average RRSP return for the past 5 years? With what amount of volatility? • If you could offer a secured return higher than the average, how many investors would be interested?

  7. RRSP 1st Time Home Buyers Plan • This is what most realtors are referring to when talking about RRSPs and purchasing property. • For a Primary Residence only (5 Year) • Up to $20,000 per spouse • 15 year payback • Investment is withdrawn

  8. Non-Arms Length RRSP Mortgage • This is the next level of knowledge • Using your own RRSPs and investing on your own property • CMHC insured (No matter the LTV) • You must qualify with CMHC (TDSR) • You are paying our own return • For people wanting to increase their RRSP levels who have no contribution room

  9. Arms Length RRSP Mortgage • Bread and Butter (Fundamental) • No family relation • 1st,2nd,3rd places only • 2%-30% per year • 90% LTV at most institutions • Appraisals or Purchase Contract • Costs, upfront and ongoing

  10. Institutions • TD Waterhouse, 1st Choice • Canadian Western Trust (Not CWB) • Olympia Trust • Be careful of seeking information with TDW, little education at branch level • TD Waterhouse RRSP Mortgage Department in Toronto 1-800-267-5759

  11. Concept and Process • Marketing for RRSP Investors • Negotiate the terms of the investment What do they want? • Transfer of RRSPs to a SDRSP at an approved institution • Fill out institutional paperwork • Lawyer then prepares mortgage and gets pre-approval from institution

  12. Concept and Process • Lawyer sends for registration at Land Titles • Once received, Lawyer requests funds from institution • Investment is paid back as per the agreed upon terms • Find a lawyer that is familiar with this process as challenges occur

  13. Why is an unlimited source of investment capital Important?

  14. “Men are paid, not merely for what they know, but more particularly for what they do with what they know.” Napolean Hill

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