David Rhodd

[David Rhodd @DavidRhodd]

Before we lend out any money we perform an appraisal. We make sure income taxes are up to date. We want to know what is our exit strategy. We want to know what is our risk before we invest any money.

[David Rhodd @DavidRhodd]

The banks have a specific criteria on who they want to lend their funds to. You have to fit a specific profile, and not everyone fits that profile.

[David Rhodd @DavidRhodd]

If they want to borrow your money it's your terms, your rate. They pay all the fees. They pay for all costs associated with the transaction.

[David Rhodd @DavidRhodd]

This is what I love about linvesting in mortgages, and this is what attracted me to this investment. With mortgages before we get into it, it's a fixed rate that we're lending at so we know exactly how much we're going to make on our investment.

[David Rhodd @DavidRhodd]

There are people that need to get into a home but they might not fit into the buckets of the banks, so we use private 1st and 2nd mortgage financing to help them out.

[David Rhodd @DavidRhodd]

I would suggest always partner up with a broker, when investing in mortgages

[David Rhodd @DavidRhodd]

Everyone has a story...we as private lenders offer common sense lending not the typical bank lending which is based on GDS and TDS ratios. What's your story?

[David Rhodd @DavidRhodd]

I listen to the story, find out what's the real situation, what's happening here, and then we lend you the funds.

[David Rhodd @DavidRhodd]

When you use a credit card for 30 days, they don't charge you any interest. They charge you interest after the 30 days. So, while you're going out and about, use your credit card. At the end of the month, make sure that your credit card is paid off in full.

[David Rhodd @DavidRhodd]

Simple interest is a lot better than compounding interest when you're trying to pay your mortgage off as fast as possible.

[David Rhodd @DavidRhodd]

Did you know that you can get a line of credit for the value of your mortgage, and replace your compounding mortgage altogether. Saving you tons of mortgage interest. #askmehow

[David Rhodd @DavidRhodd]

If you or a friend needs help with anything related to mortgages, I'm here to help you. So feel free to give me a call at 647-723-2046. I'll be waiting for your call.

[David Rhodd @DavidRhodd]

Tip #3: When you get your tax returns every single year or you get your yearly company bonuses, why not take that money and deposit it to pay down your mortgage?

[David Rhodd @DavidRhodd]

Tip #2: Round up your payments. For examplet if you have a mortgage payment of $1,479 every single month, round it up to $1,500 if will lower the amount of mortgage interest you pay back.

[David Rhodd @DavidRhodd]

Tip #1: If you're paying your mortgage on a monthly basis, change it to bi-weekly. Just by doing that small change from changing it from monthly to bi-weekly, you cut off almost five years off of your mortgage term. It's a no-brainer, do it.

[David Rhodd @DavidRhodd]

Want a cheque every month deposited into your bank account? Become a private mortgage lender #askmehow

[David Rhodd @DavidRhodd]

Do you respect your money? Respect your money and it will grow.

[David Rhodd @DavidRhodd]

I put in work to make my money so when I invest I expect my money to work 10X harder then I would.

[David Rhodd @DavidRhodd]

Real Estate investing is a secured investment with a proven track record...need I say more.

[David Rhodd @DavidRhodd]

Me: Hey Mr Investor, Mr Investor: I have another 3 Million for you to invest into mortgage's it is burning a hole in my pocket, Me: Umm I can hold it my pockets are not burning...pretty please.