All Forum Posts by: Derek Allen

thats awesome Nancy - impressive start!  Are you investing in Stratford or other markets around there?

I hope to attend this time around!  Thanks @matt geerts for organizing the meetup!

Never fails!  Something interesting planned and "disaster strikes" at work and im oncall...i was looking forward to meeting with you guys and chatting this evening, but looks like i wont be making it after all.

...one more reason to escape the rat race...

hey matt - welcome to BP!

i'm just north of you in thorndale - you might also want to reach out to @Matt Geerts as he's right in your backyard!

There's actually a few local investors/prospect investors meeting up tuesday evening in London.

https://www.biggerpockets.com/forums/521/topics/29...

maybe we'll see you there!

cheers,

 non-arms length mortgage is when a direct family member can invest in a mortgage from within their self directed RSP account.  Essentially investing in mortgages rather than mutual funds

Sorry for the confusion - i was simply clarifying @Brents comment pertaining to his "ins and out" - not questioning you calculations

yah ok, that's what I figured.  I had family interested, but wasn't sure if we'd be able to do it that way or not.

Thanks!

The arms length mortgage you reference is more so what I'm thinking of, with reference to funding a flip.

I wasn't sure if you would be able to finance a flip with a non-arms length mortgage or not, but it sounds like it's not as much of an option.

thanks roy!  So what I read from that, is non-arms length mortgages are much more feasible than non-arms length.

Out of curiosity, what are some ways that others started raising funds to start real estate investing? 

 It seemed like the best option to begin was using arm/non-arms length mortgages, but maybe not?