On today’s episode, Darren welcomes private lending expert, Kyle Ford from Kyle Ford Mortgages, to the show. You don’t want to miss this one, Darren and Kyle go through everything you need to know about private lending including what a typical transaction looks like, why people choose the route of private lending instead of typical financing, costs and fees involved, as well as many other key points. Tune in now!

Show notes:

00:00 - Introduction

1:30 - Introduction to Kyle Ford

5:50 - Why do successful investors choose private lending over normal financing/loan?

9:15 - Who are the lenders typically?

12:25 - What does a private lending transaction look like?

20:30 - Typical appraisal costs and lawyer fees for borrower and lender?

22:40 - What does a typical deal look like at $100,000-$300,000 loan?

33:05 - Has Kyle had a situation where the borrower didn’t pay or cannot pay their loan?

37:30 - If I want to loan money from my RRSP or TFSA, what does that process look like?

42:55 - What are the things Kyle is most excited about right now? Intro to CapGap Mortgage Trust

45:55 - What type of lending will CapGap be doing?

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FIND KYLE ON:

WEBSITE: https://www.kylefordmortgages.com/