In today’s episode, Carmen and Jordan welcome two of their long time Pro Funds clients, Maria and Frank Bruno, to discuss investing in mortgages with a conservative approach. Our guests begin by sharing how they became involved with Pro Funds and the importance of establishing trust and a solid relationship with them. With our hosts, they also run through the details of one of their first investments, explain why people would use this strategy to borrow money, and explore how it has benefited them. Along the way, Jordan and Carmen also explain some of the pertinent investment terms that may be unfamiliar to listeners, and they finish by reviewing what to look for to ensure you are protected in your investment. Frank and Maria’s story is one that many listeners will be able to relate to, and is certainly one from which all can benefit.

Episode Highlights:

How Maria and Frank became involved with Pro Funds The importance of establishing trust and a solid relationship Explanations of private lending, loan-to-value, lender fee/bonus, and a syndicated mortgage An example of one of their first investments Reasons why people would borrow money in this way How this strategy has benefited Maria and Frank The 5 main things to look for before starting to invest

Quotes:

“I think we started off very conservative because we wanted to, you know, build trust and build our relationship, feel comfortable, really learn what we’re doing.”

“You were both wonderful at putting us at ease.”

“At the end of the day, it’s all about the people.”

“That package that you prepare is really ‘soup to nuts’ – everything is in there.”

“They have been an incredible resource of passive income.”

“This is all paid by the borrower.”

“It’s really simple.”

Links:

30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Pro Funds Mortgages homepage: https://www.profunds.ca/