The Real Estate and Mortgage Show - October 1
Steve, Paul Rushforth, Mike Hapke and his awesome son Reid take all of your real estate and mortgage questions!!
On this episode of the Real Estate and Mortgage Show, Michael Hapke, managing partner at Mortgage Brokers Ottawa joins Steve & Paul to talk about investing in real estate & mortgages. Mike, who has years of investing experience comments that most successful investors he knows have all invested in real estate and/or private mortgages.
Paul confirms that September was a great month for real estate in Ottawa and he expects October to have a strong finish for the busy season of the year. Despite thinking that fall/winter months are a bad time to list your home, Paul dismisses that train of thought and specifies that there isn't a bad time of the year to list your home for sale. The fall/winter months reduce the overall comparisons that can be used to your advantage when listing, but that won't prevent you from finding a potential buyer, or even finding the home of your dreams.
Michael Hapke recaps his investing in real estate session that was held last week at Giovanni's. With a great turnout, Mike begins to discuss the process of how investors' money is used to invest in private mortgages. Despite multiple new rules being implemented by the Government, relating to mortgage loans, Mike confirms that he is able to finance mortgages on specific deals that wouldn't qualify at a traditional "A" lender.