Private Lending Update, Losses From A Downmarket With Calvert Mortgages

<p><span style="font-weight: 400;">This week we have our friends from Calvert Home Mortgage Investment Corporation back to give an update on the private lending/mortgage market including lessons from the downturn: e.g. what did in default real estate investors do wrong have in common so you the listener, my clients and I may avoid the same mistakes.</span></p> <p><span style="font-weight: 400;">Please keep in mind, real estate investing can easily be done wrong and less right.  Ask anyone who speculated on pre-construction and is negative cash flowing or does not have the means to close.  Long-term, that could be a fine investment but most can’t handle today’s interest rates and strict lending guidelines.</span></p> <p><span style="font-weight: 400;">Anyways, on today’s show we have Garret LaBarre, Underwriter at Calvert. He’s the guy who actually reviews mortgage applications from a risk perspective and determines if they’ll lend and Jesse Bobrowski, who is Vice President of Calvert.</span></p> <p><span style="font-weight: 400;">One of the magical things about real estate investing is the asset is so good that banks will lend me a lot of money which suits my objective of keeping the deal and equity to myself. This is why learning about all your financing options is key to being a successful investor BUT debt is a double edged sword as your risk is greater as you’re about to hear about in this interview. Such is the truth about real estate investing.</span></p> <p><span style="font-weight: 400;">Since Jesse and Garret live and invest in Calgary, they share a market and economic update on Alberta which I know is a hot topic for investors.</span></p> <p><span style="font-weight: 400;">As we do discuss securitized investments, here comes the disclaimer.  You can check out Calvert at</span> <a href="https://chmic.ca/" target="_blank" rel= "noopener"><span style= "font-weight: 400;">https://chmic.ca/</span></a><span style= "font-weight: 400;">.  Please enjoy the show!</span></p> <p> </p> <p><em><span style="font-weigh