The Truth About Real Estate Investing... for Canadians

When Private Loans Go Bad & Bailing Them Out. Lessons from Managing $150 Million In a Downturn With Kyle Ford


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You know about the downturn we just experienced and like many of you, I was curious how private mortgage companies fared so I reached out to Kyle Ford whose company manages $150 in private mortgages.

Kyle tells it like it is, he shares how many mortgages went sideways, what the lessons were, how Kyle and his staff put time and money into taking over failed BRRR’s and flips to finish projects and sell them off and make his clients whole.

Why? Because it’s the right thing to do. Treat other people's money better than you treat your own. If you won’t invest your own money into your project and you can’t pay people back when deals go bad, don’t use other people's money. If you don’t believe me, ask bankrupt investors how much those other people who invested in them hate them and want their money back.

Debt is cheapest like first mortgages, VTB’s, you don’t give up control hence that should be one’s first option.

Back to Kyle’s interview, we journey back to when he was a alternative financing borrower investing in value-add real estate as his deals needed short term money, taking courses on investing including buying, renovating, renting out, financing.  Then the 2017 mortgage stress test happened and Kyle had limited options for financing but he needed mortgage money.

As the saying goes, necessity is the mother of all invention, Kyle found other sources of private capital, started brokering his own deals, yada yada which Kyle will explain he now manages his own fund with $150 million dollars under management.

It’s never all sunshine and rainbows as mentioned some borrowers went sideways and Kyle shares how those deals went so we may all learn from Kyle’s lessons in a downturn.

Kyle has a contrarian opinion of promissory notes as well so you don’t want to miss this episode about the truth about being a private lender.

As we are covering securitized investments here comes the disclaimer I used Ai to write and a separate Ai tool to voice all for free.  Saves you all from hearing me stumble and mumble 🙂 

 

To reach out to Kyle and company:

Website: www.capgapMFT.com

Email: [email protected]

 

Please enjoy the show.

 

Disclaimer:

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.

 

Investing involves risks, including the possible loss of principal. Before making any investment decision, you should conduct your own research and consult with a licensed financial advisor to determine the suitability of any investment for your specific financial situation and investment goals.

 

The hosts and guests of this podcast make no representations or warranties as to the accuracy, completeness, or timeliness of any information discussed in this podcast. The podcast is not responsible for any errors or omissions, or for the results obtained from the use of this information.

 

Listeners are advised to use their own judgement and seek the advice of professionals before acting on any information provided in this podcast. The podcast shall not be liable for any damages, including but not limited to direct, indirect, special, or consequential damages arising out of or related to the use, inability to use, or reliance on any information provided in this podcast.

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The Truth About Real Estate Investing... for CanadiansBy Erwin Szeto

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