Real Estate Investing is a High Risk & High Reward Game!

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By Sarah Larbi and Alfonso Salemi, Sarah Larbi, and Alfonso Salemi. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Guest: Angie Pettyjohn, Mortgage Broker & Victoria Pettyjohn Mortgage Agent

Angie & Victoria are an awesome mother-daughter team! Angie began doing some private lending using her HELOC and registered funds. She’s passionate about helping investors grow and build their portfolios. Victoria is her underwriter and as a team, they are helping hundreds of investors succeed in this extreme real estate environment. Both are now starting to get the bug and hoping to buy some properties soon! Being self-employed, they understand the struggles that full-time investors are facing. They can ensure that agents can keep growing and scaling up! Money is quite readily available, however, there are lots of risk mitigation measures that must be put in place.

Listen to the full episode at https://www.thereiteclub.com/podcast

In this episode you will learn about:

  • Lots of emotional buying happening
  • Appraisals not matching with purchase prices
  • Values have gone up but don’t match purchase prices
  • BRRRs now sometimes require to leave some money in the deal
  • Investors now qualify with a lower ARV
  • How to become a private lender
  • Using RSP money as a private lender
  • Trust but verify!
  • How to vet lenders and borrowers

Get in touch with Angie & Victoria:
Website: https://www.mortgagealliance.com/en/angiepettyjohn
Email:
angie@pjmortgages.com
victoria@pjmortgages.com

This episode has been brought to you in part by
Private Buyers – https://privatebuyers.ca/

Black Jack Contracting – https://blackjackcontractinginc.ca/

BM Select – https://bmselect.ca/

The show notes are brought to you in part by:
Building Stack is The REITE Club’s official digital signatures provider. Building Stack is an extremely flexible property management platform built in Canada, for Canadians. With hundreds of features throughout the entire tenant and leasing lifecycles, regardless of the size of your portfolio, you can immediately benefit from enormous cost and time savings wherever needed the most. You can now sign documents and leases faster than ever with their new digital signature add-on! Take advantage of a very special Reite Club discount and get started today! www.buildingstack.com

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