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 keeping the deal and equity to myself. This is why learning about all your financing options is key to being a successful investor BUT debt is a double edged sword as your risk is greater as you’re about to hear about in this interview. Such is the truth about real estate investing.

Since Jesse and Garret live and invest in Calgary, they share a market and economic update on Alberta which I know is a hot topic for investors.

As we do discuss securitized investments, here comes the disclaimer.  You can check out Calvert at https://chmic.ca/.  Please enjoy the show!

 

The information and opinions expressed in this podcast are solely for educational and informational purposes and should not be considered as investment advice. The hosts and guests of this podcast are not licensed financial advisors, brokers, or registered investment advisors, and their comments should not be construed as recommendations or endorsements of any specific investment, security, or strategy.

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