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All Forum Posts by: William Wong

William Wong has started 1 posts and replied 4 times.

Post: Hard / private money lender

William WongPosted
  • Real Estate Agent
  • Ottawa, Ontario
  • Posts 4
  • Votes 0

@Gary McGowan

Awesome thanks, will give her a shout.

Post: Hard / private money lender

William WongPosted
  • Real Estate Agent
  • Ottawa, Ontario
  • Posts 4
  • Votes 0

@Simon Lloyd

totally agree with the leverage part

@Gary McGowan

I'll take any recommendations at this point.

I'll probably start off with short term; 1 yr. or less, unless that's considered long LOL

Post: Hard / private money lender

William WongPosted
  • Real Estate Agent
  • Ottawa, Ontario
  • Posts 4
  • Votes 0

@Dawn Anastasi

Not 100% sure which way to go just yet, looking for more info; most likely in Canada though

@Jay Hinrichs

Did you encounter any issues bringing the money back? In terms of reporting income, I'm guessing you have a good accountant or such?

@Roy N.

I'm basically just getting started, so not sure what's the best course of action yet. Maybe I should stick with rentals

Post: Hard / private money lender

William WongPosted
  • Real Estate Agent
  • Ottawa, Ontario
  • Posts 4
  • Votes 0

I searched the forums and didn't come across any specific legitimate information on how to become a hard money lender in Canada.

If anyone could point in the right direction would be greatly appreciated.