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In this week’s episode, we will delve into the insights shared by Matt Pickering, a renowned mortgage and real estate investment expert, on how National Bank’s financing solutions can benefit Canadian real estate investors.
- Why the National Bank is a preferred choice for Canadian real estate investors
- Knowledge of how a flexible approach towards investors and more significant portfolio financing can accelerate your investments
- The art of securing competitive rates and a variety of options through hands-on collaboration
- Unique possibilities, like accommodating co-borrowers not on the title and welcoming donated sums for down payments.
- Mortgage finance options for additional dwelling concepts like garden suites and refurbishment projects
His extensive involvement in the field equips him with a deep understanding of diverse income levels and applications, rendering him an invaluable asset to investors seeking stability in an unpredictable market. Additionally, his involvement as a real estate investor enables him to connect with his clients and give them a comprehensive perspective.
Key Moments in this Episode:
00:00:00 – Introduction,
00:00:28 – Matt’s Background and Role,
00:01:58 – Real Estate Investors vs Regular Homeowners,
00:05:18 – Working with the Bank Directly vs Mortgage Broker,
00:08:09 – National Bank’s Financing Options for Real Estate Investors,
00:11:30 – Exploring Multiple Property Ownership,
00:12:07 – Self-Employed Individuals and Mortgage Qualification,
00:13:05 – Planning Ahead for Mortgage Qualification,
00:15:19 – Benefits of Working with National Bank,
00:19:59 – Renovation Programs and the BRRR Strategy,
00:23:02 – Financing Renovations,
00:24:09 – Financing Unlivable Properties,
00:25:43 – Favorable Financing Terms,
00:26:02 – Qualifying for the Program,
00:30:52 – Budgeting for Renovations,
00:34:21 – Market Rent Appraisal for Rental Properties,
00:35:52 – Treatment of Recreational Properties,
00:37:36 – Potential for Tiny Homes as Additional Dwelling Units,
00:38:47 – Limitations on Number of Units for Financing,
00:46:07 – Importance of Building Flexibility into Mortgages,
00:47:31 – Strategies for Paying Off Mortgages,
00:48:55 – Considerations for Cash Flow and Rates,
00:49:57 – Impact of Primary Mortgage on Rental Applications,
00:53:19 – Starting Over After Losing Everything,
This episode has been brought to you in part by:
- Dalia Barsoum, Streetwise Mortgages – https://streetwisemortgages.com
- Mid Term Rentals – https://midtermrentalproperties.com
- Wyse Construction – https://www.wyseconstruction.ca
- US Properties – https://www.usproperties.ca
- Andrew Choubeta – https://caveatlegalservices.cliogrow.com/book
- Inspire Beach Resort – https://inspirebeachresort.com
- Jamil Rahemtula – https://jamilrahemtula.com
Join Sarah’s coaching and mentoring program, The REI Academy https://sarahlarbi.com/reiacademy/
