What if you have RRSPs yourself? Are you earning the returns on your investments within those accounts that you want to be earning. Using your own RRSPs as a mortgage on a property is a great way that you could start earning double digit returns. Knowing that investors are always in search of money to lend on their deals, can put you in a unique position to help them out. Investors also like to borrow from private investors as well as there is a lot less hassle going through private people that with the banks.
What if you only have a small amount of money in your RRSPs? Not enough for a full mortgage? Many times after an investors has held a property for a period of time and have built up some equity that they would like to tap into for what ever reason. You can come in and loan a small amount in an second mortgage position as a short term loan. Many investors are willing to pay high interest rates on these short term loans allowing you a good return in the process.
When you get together at the end of the day with your friends, and they start talking about how bad their investments are within their registered accounts, you can stand proud knowing that you have been earning healthy double digit returns using the Arms Length Mortgage method.
To learn more about this exciting investment strategy, I recommend you read the book " The RRSP Secret: Defend and Build Your Wealth with This Powerful Investment Strategy." By Greg Habstritt
