The Truth About Real Estate Investing... For Canadians

This week we have our friends from Calvert Home Mortgage Investment Corporation back to give an update on the private lending/mortgage market including lessons from the downturn: e.g. what did in default real estate investors do wrong have in common so you the listener, my clients and I may avoid the same mistakes. Please keep in mind, real estate investing can easily be done wrong and less right.  Ask anyone who speculated on pre-construction and is negative cash flowing or does not have the means to close.  Long-term, that could be a fine investment but most can’t handle today’s interest rates and strict lending guidelines. Anyways, on today’s show we have Garret LaBarre, Underwriter at Calvert. He’s the guy who actually reviews mortgage applications from a risk perspective and determines if they’ll lend and Jesse Bobrowski, who is Vice President of Calvert. One of the magical things about real estate investing is the asset is so good that banks will lend me a lot of money which suits my objective of keepin