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Get Complimentary Access to the ON-LINE Mortgage-Free video course on the Academy.
Click here (No credit card required)
Learn about the GLAD method, which is available to everyone with a mortgage at no extra cost. Also learn
- how you can turn your mortgage into a tax deduction
- how to save thousands in interest cost
- how to pay off your mortgage in under 10 years (or any other debt)
- and more
Stuff happens in life and sometimes, we find we go into debt. An option would be to withdraw funds from our RRSP to help pay off some debt.
Before you take money out of your RRSP, watch this video. There are a few things to consider. And there may be another option.
You know whats more work then becoming mortgage-free?
Having to work past the age of 65, living pay-cheque-to-pay-cheque...
Here is 1 common Myth about becoming Mortgage-Free
Have you ever said this: Its too much work, I have to sacrifice too much...
Learn ways you can save money each month.
Learn how to still travel and pay your mortgage off in 10 years.
Contrary to most education programs on Real Estate that says to buy positive cash flow properties, Michel LaFleur shares 2 scenario when it may make sense to buy negative cash flow properties. This strategy is for seasoned/creative investors and not recommended for newbie investors.
To watch the video click here.
Negative cash flow is when you have to pay out of your own pocket each month. After all expenses including mortgage, insurances, taxes, etc. Many teach that Cashflow is KING. Cashflow is 1 of many factors to look at when buying a property. Learn when negative cashflow may be a good idea. It could take you to the next level of being a real estate investor.
Here is a breakdown of what you will hear:
20:35 Scenario 1: Negative Cash Flow Makes Sense
28:32 Scenario 2: Negative Cash Flow Makes Sense
37:28 You will pay 1.5 X more in interest for your property if you have a mortgage
38:50 Distress property
44:16 Rapid Cash / AFS (Agreement for Sale)
49:53 Rent-to-own (No-More-Rent), Lease Option
52:54 Negative Cash Flow info
To watch the video and get access to other videos/tools/reports all for free click here.
** Book Release **
Read this book to find out how you can pay off your mortgage in 10 years.
You’ll be GLAD you did!
Home ownership is one of the great privileges that Canadians have. In recent years, with such low mortgage interest rates compared to the late 1990's, many families have taken on a mortgage that they don't know how to pay off. Can you believe that one in every four Canadian homeowners between the ages of 60 and 69 still has a mortgage?
Many of our coaching clients express concerns about how their children will ever be able to buy a home, let alone pay off the mortgage. In this book, you will discover our GLAD method that lets you pay off your mortgage in 10 years so you can retire mortgage-free. Owning your home free and clear is one of the best, most secure feeling of comfort you can imagine.
To achieve this, you’ll need to
pay off your mortgage faster.
We will go into a broad overview of the steps that it takes in order to complete a flip from start to finish so you all can have a clearer idea of the process and the work involved in leading a successful flip.
Acquisition is one of the most important steps because if you don’t negotiate and purchase at the right price, you’ll end up shorting yourself and losing money.
The 3rd part in this series is about where to go and how to secure funding to make your flip project happen.
to get your free copy of
Calculating your DEBT SERVICE RATIO
PENALTY for breaking your mortgage
COST TO DO YOUR FLIP
I was never a fan of the Rent-To-Own strategy. Why would someone buy a house directly from me when they could go to the bank on their own? How do I prevent taking a potential loss by agreeing to sell the house to them without knowing the future worth of the house? For these and other reasons, I have never done a Rent-To-Own property. So when I came across “Investing in Rent-to-Own Property” by Mark Loeffler, my interest was peaked. I even went so far as buying my own copy of the book so I could highlight sections of interest to me.
This is a great book with very detailed steps on how to start and succeed with the Rent-To-Own strategy. What makes Mark’s strategy different is he gets the TENANT FIRST. As a real estate agent and investor, he has first-hand experience with this strategy. The book is written in an easy-to-read, non-boring format and very well organized showing two different qualifying families at different stages in their life. I read through the book twice and was interested both times on the twist he took.
The thing about this strategy is finding qualifying families that have the down payment. The book goes into detail about this, as this is critical in the TENANT FIRST Rent-To-Own strategy. Without this, the deal is a non-starter. The other factor that is crucial in this strategy is you, as the investor, will be assuming the mortgage and you must qualify for the mortgage.
A copy of this book can be purchased from: https://www.amazon.ca. Although the book was published in 2010, the content is still very relevant and the forms and examples provided are very helpful. Much of the content can also be applied to other real estate strategies (ie Credit reports, doing your due diligence, closing cost, etc.).
After reading the book twice, the Tenant-First-Rent-To-Own strategy is worth implementing. When the opportunity presents itself, I would not hesitate on offering this strategy. Although a visit to the website indicates Mark has not keep the site up to date since 2011, the book gets 2 thumbs up.
How do you turn a negative cash flowing property into a positive one? Here are a few suggestions.
Click on this link to get more suggestions and the rest of the story Reports
The information presented is from sources believed reliable, however, no responsibility is assumed for the accuracy of this information. The opinions or advice contained here should be verified with a third party. The content originator disclaims all responsibility and liability for the accuracy of the content.
NO MORE RENT
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