I can’t believe that it’s the end of April already.  How time flies!  How I love writing my thoughts to my investor friends and like-minded readers!  In this post, I want to talk about this little known way of investing your RRSP money.  Traditionally, people invest their RRSP money in stocks, bonds and mutual funds that are managed mostly by a bank or large financial institution.  Did you know that you can invest your RRSP money in private mortgages as well?  Many wealthy individuals have been doing this for years!  And their wealth is growing ever so quickly (and securely)!  You can jump start your journey to riches too with this type of investing … want to know more? (Note that this type of investing is for individuals with RRSP money to invest.)

You’ll first need to find a “Trustee” to administer your RRSP money.  There are many large financial institutions that can do this for you, such as B2B Bank, Community Trust, etc.  You’ll then transfer the money into their self-directed RRSP account.   Once the money is there, you are ready to invest! 

What are the advantages of investing in private mortgages?  There are several:

– Your investment is secured by real estate.  

– You control 100% over where and how your money is invested.

– Earn a very predictable above average return on your investment every year.

– You can diversify your portfolio.

– Let your hard earned money work for you!

Just like every investment strategy, you have to know exactly what you are doing.  Private lending is one of the most powerful ways to build wealth if you do it properly and with the help of an experienced mortgage professional. At CE Properties, we provide quality lending opportunities. We underwrite our own deals to determine the borrower’s ability to service the loan based on the total cost of borrowing. In order for the venture to be successful, the terms must be a win-win situation for both the borrower and the lender or the potential for default increases. Key evaluation criteria include use of funds, exit strategy, and the quality of the collateral.

If you are interested in becoming one of our private lenders, don’t hesitate to contact me and I can start helping you on your journey to building greater wealth too!