Have you ever wanted to lend out your money on a private mortgage but you're concerned about the potential pitfalls? Are some opportunities better than others and what kind of due diligence should you be performing before you lend out your money?
Canadian real estate investor Darren Voros sits down with real estate lawyer Zahra Marani of Marani Law to talk about private mortgage lending. Zahra shares her experience on why she would never advise a client to loan out money on a promissory note, what kinds of loan-to-values and interest rates you might expect on a first and second mortgage, why it's important to underwrite your own deals and so much more.
To reach Zahra, send her an email at [email protected] or you can check out her website at www.maranilaw.com
****DISCLAIMER: With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money.
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Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network). Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his YouTube channel in 2020 in order to have a wider reach in educating investors.
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By: Darren Voros Title: Private Mortgage Lending. The Legal Ins and Outs and How To Best Protect Your Money. Sourced From: www.youtube.com/watch?v=_ffVtHVWnmA
