Mike Hapke: Real estate is the best way to increase net worth

Key Points

• [0:29] How did you get into the business?
• [1:49] What area of real estate do you specialize in as a company?
• [2:47] There is a common misconception of the products and services being niche’d into a particular market.
• [3:00] Tell us about some examples of those who would benefit from private lending.
• [4:00] Paying premiums allowed further flexibility.
• [4:31] Private lending can create opportunities and provide flexibility.
• [5:24] What does a private borrower look like?
• [6:14] Clients often need more flexibility.
• [6:24] Expand on one-to-one lending, syndicated mortgages, and mortgage investment corps.
• [6:48] We provide the best quality of deals, especially in light of the new mortgage rule changes.
• [7:21] I am prepared for risks in one-to-one lending.
• [7:44] Remember, there is a rate-to-risk.
• [8:11] What is the typical rate of return?
• [8:59] What are some examples of situations which would require your services?
• [9:51] We ensure the deals are beneficial for all parties.
• [11:03] In one-to-one, clients typically look at a 10-15% rate on a second mortgage.
• [11:42] The market is supply-and-demand.
• [12:05] What are the benefits of these short-term deals?
• [13:02] Be aware of the new refinancing restrictions. Talk with your lender or broker.
• [13:54] Be sure to have an exit strategy.
• [14:15] What effect have you seen on the market of the new mortgage changes?
• [16:59] These are the cheapest rates in history.
• [17:22] Real estate is the number one factor of increased net worth.
• [18:40] How can people best take advantage of using a private lender?
• [19:55] Some past restrictions have been relieved in recent years, opening up opportunities.
• [20:41] Work with a lender to invest money in a way it can grow.
• [22:00] What is the best business advice you’ve ever received?
• [22:42] Investing in real estate gives you credibility and experience within the market.
• [22:28] Understand your market.

Source: http://iloveottawarealestate.com/mike-hapke-on-how-real-estate-is-the-best-way-to-increase-net-worth/