Buying A Rental Property? How Fhe Financing Game Has Changed
— 5 Ways To Finance A Real Estate Investment —
All Your Questions Answered with a Q&A Session
— # 1 Commercial and Residential Mortgage Broker
Wednesday April 16th, 2014 at 6:30pm
~ At Baka Gallery Cafe, 1st floor ~ 2256 Bloor street west
~ Entrance on Beresford ~ Green P Parking on Beresford
$30 at the door
6:30pm |Doors open for Networking and a glass of wine:)
7:30pm |Guest Speaker, Nasser Yaltaghian
8:00pm | Q&A Session: All Your Questions Answered!
8:30pm | Networking
Find | Sell | Finance Real Estate Deals!
Do you have a Deal? …
Do you have an investment property for sale
or Are you looking for one?
Six Degrees Real Estate Mixer…
Your Platform to Find, Sell and Finance Real Estate Deals!
- They plan to pay off their mortgage and use the rental property as a monthly income source for when they retire a.k.a. they want to create a “Personal Rental Pension”
- They hope to create equity by selling the rental property for more than they paid.
- They want to diversify their investments by purchasing a rental property; and having an asset outside of financial markets (e.g., stocks, mutual funds, GICs).
However, unlike the mortgage you took out on your principal residence, financing an investment property is a little more complex. The number of units in the building and whether or not you’ll be occupying one of the units are the two major components that control what your financing will look like.
If you ask yourself those questions…
- How much do you have to put down to buy an income property?
- Do you use your cash on hand as the down payment?
- Or do you borrow as much of the purchase price of the rental property as you can?
- Should you take the equity out of your main residence to purchase the rental property?
- Is the borrower’s own income a factor to qualify?
- What is the minimum Credit Score required?
- What are the qualification requirements? What is the maximum Total Debt Service Ratio (TDSR)?
- Can you use your own RRSPs, RRIFs, LIRAs, RESPs, or TFSAs for the downpayment?
… Then ask a Mortgage Broker, their primary expertise is locating funding for mortgage financing. They know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
On April 16th, Nasser Yaltaghian, Mortgage Broker with Mortgage Alliance will explain how investment property mortgages work in Canada, as multi-unit dwellings are often unique cases. He will show you 5 Ways To Finance A Real Estate Investment.
“ Nasser Yaltaghian has been a Mortgage Broker for the past 15 years. He has been awarded as the Top Producer since 2009 in the GTA. He has provided the best services to anyone, low income workers, bad credit, refugees, visa students, self-employed, real estate investors, new/old immigrants and Canadian citizen! With his experience, repetition and integrity, the closing rate for all deals is almost 99.99%! Nasser has access to over 75 different lenders, banks, trust companies, private lenders, investors and financial institutions. He provides free consultation and gives you the best advice. His clients get mortgage rates at wholesale, guaranteed up to 120 days. His team speak Persian, Farsi, French, Spanish, German, Mandarin and Cantonese. ”
- 2nd mortgage
- Private loan
- Bridge loan
- House line of credit
- Commercial and Construction Mortgage
Nasser Yaltaghian (Lic.M08004799)
ABOUT SIX DEGREES REAL ESTATE MIXER
Our speakers are amongst Toronto’s top leaders and professionals in the real estate market. The evenings emphasize speeches from a diverse group of industry professionals, Q&A series, intimate networking opportunities from all facets of the real estate industry.
HOSTED NETWORKING EVENT:
Natalia and Laure will be there to connect you with the partner, lender, real estate professional that you have been looking for for your project.
Come to us during the event and we will introduce you to the right person!
See you there.
The Real Estate Mixer Team
Laure Ampilhac & Natalia O. Popovich
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Todor Yordanov | Keller Williams Realty Solutions
Everything about Real Estate. Whether you are looking to buy, sell or invest our experience and knowledge is available to help you. Based in Port Credit, Mississauga, Ontario. 416-902-9707 Email email@example.com Website http://www.proactinvestments.com http://www.BetterFutureBlueprint.com http://www.RichLandlordBlueprint.com
Natalia O. Popovich – Nat & Home
The Nasser Yaltaghian Team Lic# M08004799 | Mortgage Alliance Lic# 10530 (877-366-3487)
Marcel Greaux | Real Estate Investor, Mortgage Agent, Educator/Speaker Dir: 647-977-5079 | T: 1-800-280-2271 | Fax: 1-800-280-2271 E: firstname.lastname@example.org www.torontorealestateclub.com Specializing in Investment Property Financing: Residential | Commercial | Private Funds (RRSP, TFSA Eligible) Mortgage Alliance Company of Canada Inc. | Lic#10530 | Agent Lic#: M10002478 | 2005 Sheppard Ave E. Suite 200 Toronto ON M2J 5B4
Todor Yordanov | Real Estate Investment Club
Monthly Educational Meetings: Real Estate Investments Club @ Center for Social Innovation CSI: 215 Spadina Ave., Toronto 416-902-9707 email@example.com
Grand River REI | Brantford
Baka Gallery Cafe
2256 Bloor St W, Toronto, ON M6S 1N6 www.bakacafe.com/? . Located in the heart of Bloor West Village, come and relax in our stylish and comfortable setting while enjoying the finest specialty coffees and teas.