In E002 I’m joined by a young and inspiring investor, Jake Campagnaro. Jake makes BIG returns and in this sessions he tells the story of how he did his first private mortgage investment at the age of 19. Jake turned a $50,000 investment into approximate $500/month and travelled the world. You won’t want to miss this!
Jake can be reached at jacob@reccanada.com for those who would like to connect with him direct.
As Jake points out in the episode, there are pros and cons to this type of investing. Yes, cash flow is a selling point with private mortgage investing but the con is that you don’t get the ‘passive appreciation’ that you get from owning a property. It is a tradeoff.
I particularly found it interest how Jake told the story of borrowing a personal, unsecured, line of credit and using that to invest the banks money and make profit in an arbitrage situation.
While Jake didn’t specifically discuss it, this type of investment can be done with registered funds such as RRSPs, LIRAs, TFSA, RESPs and the like.
Music Info: Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free
