This week, Carmen and Jordan welcome Ellie, one of their Pro Funds clients, to the podcast to discuss different avenues of real estate investing by looking at active buying vs. passive mortgage investing. They also explore how Ellie utilized her RRSPs to invest in products earning an average of 14% a year on her money, and provide useful definitions of some key real estate investment terms along the way. As Ellie notes, she has come to ‘love the passive investing’, and today’s episode will show you precisely how you can learn to love it as well.

Episode Highlights:

• Ellie’s background and how she got started in real estate
• Her experience in other investment vehicles
• How she got into mortgage investments
• Definitions of mortgage investment, syndicated mortgages, and loan to value
• The different avenues Ellie utilized for her investments in mortgages
• Using Registered Funds and the fees involved
• Ellie’s criteria for properties
• A case study of one of Ellie’s investments
• Ellie’s future objectives in real estate

Quotes:

“I’m very debt-adverse, so having renters pay our mortgage was a really good strategy for us.”

“As soon as we learned about it, I was all in.”

“Basically, it’s becoming a private lender…essentially…taking the position of a bank.”

“I remember it being a really smooth process.”

“It’s a very common sense approach to investment.”

“Nobody can do anything unless they pay us back.”

“For the most conservative and faint of heart, these investments are perfect, and your returns are still there.”

“It was really easy – easier than you would think.”

“We’re here to look after the investors.”

“The interest rate is really your cash flow side of things.”

“You did really, really well on that deal.”

“I love the passive investing. It gives us a little more leeway with our day jobs just to relax a bit, take some stress off, and I don’t have to worry about it.”

Links:

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

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