Opportunity to acquire a portfolio of residential, commercial and industrial mortgages across Western Canada (mostly based in Alberta) - providing an 8.5% return.
Currently, we operate this portfolio from Calgary, Alberta, but it is relocatable.
The Portfolio can be managed remotely from a home office.
Private mortgages have been around for a while; however, they have been picking up in the last few years as tight credit conditions continue to shut out potential buyers from getting a traditional mortgage.
Receive income and capital gains from the mortgage portfolio; these gains flow first through a self-directed deferred income plan such as an RRSP, RESP, TFSA, RRIF, etc.
The interest or capital gains received can then go directly into one of these accounts, and the estimated interest these plans receive won’t be taxed.
Thanks to the “flow-through” taxation status and the setup and use of a deferred plan, you’ll enjoy several benefits.
Interest will be paid monthly into your registered or cash accounts.
The portfolio includes residential, commercial and industrial mortgages. Available from $500k.
For more information, please contact us by using the form below.