Private first mortgage loan

[Laura Connell]

Investment Info:

Single-family residence hard money loan investment in Markham.

Purchase price: $700,000
Cash invested: $200,000

private first mortgage loan

What made you interested in investing in this type of deal?

wanted to invest passively

How did you find this deal and how did you negotiate it?

I got in touch with a mortgage broker who puts together such deals

How did you finance this deal?

cash from the sale of my primary residence

What was the outcome?

low stress passive income

Lessons learned? Challenges?

I would like to do more active investing - 9% ROI is not that exciting

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Empire Equity