Presented by: Agent Name Gary A. McGowan www.RealEstateVentures .ca
Mar 24, 2016
WWW.PM.GC.CA STEPHEN HARPER
New Building Canada Plan, including support that will ensure small communities have stable, long-term and unprecedented
access to funding for vital infrastructure projects.
The new Plan will support projects that focus on economic growth, job creation and productivity, including building roads, bridges, subways,
commuter rail and other public infrastructure that ensures the
prosperity of all Canadians.
“Under the New Building Canada Plan, we are providing predictable, stable support so that municipalities with fewer than 100,000 residents can build the projects that matter most to them.” – Prime Minister Stephen Harper
Group Introductions1. Your Name?2. Are you Investing in RE?3. If so, Where, What? 4. What is your Profession?
RRSP Mortgage, What is It?• Financing Loaned against Real
Property• Has to be Arms-Length Lending• Registered Funds are Used from
your RRSP self directed Account• You Create the Terms
ARM’S LENGTH—they CAN’T be used for self, parents, siblings, spouse, children, and in-laws.
Why RRSP Investing?• High Returns, 8-15%• Borrower pays all fees• Loaned against a Secure Asset• You Have rights as a Lender• 1-3 Year Terms
What Do I Need?
• Self Direct RRSP Account with a TRUSTEE> Olympia Trust
• Opportunity to Invest,,, Deal• Appraisal – Legals• Fund the Deal
The RRSP Return 2yr Loan
Property Value $400,0001st Mortgage $280,000 Loan To Value 70%Looking for $60,000 (2nd Mort)Total LTV 85% ($340,000)
The RRSP Return 2yr LoanRRSP Loan Amount $60,000+ Legal Fees $2,000+ RRSP Fees $365Total Loan Amount $62,365
Yearly Interest Rate 12%Total Interest $14,968
NO MUTUAL FUND
MANAGEMENT FEES !!!
RRSP Mortgage Bonus1. Do I feel Secure in this
Investment???2. Is this a solid area???3. How Can I Sell It ???