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Sean O’Connor
Mortgage Agent
Northwood Mortgage

How to Make a Secure Stable Second Income in Unsteady Times
How to make a stable second income in unsteady times

For many people, meeting the monthly bills can be a challenge. Mortgage payments, phone, internet, gas and electricity not to mention our credit card bills, car payments and other things we rack up to live the lives we do. Often itís like slowly digging a deeper and deeper hole. We refinance our homes to take out equity and pay off the debts with larger interest rates. A very good move to reduce the massive interest that sucks away at our hard earned money.

All too often the only way to increase our income is to work more hours. Have you ever thought if your work just a little more, or a little harder you will be able to make up that income and get ahead? But at what cost. We end up losing that valuable time to spend with friends and family and doing the things we want to do, go on vacation, to the cottage etc.

More money without more hours

The question remains is how do we make more money without having to put in more and more hours. The answer lies in residual or passive income. Basically we do work up front and then sit back and collect. Write a book or a song is one way where we collect royalties, money paid for each copy sold. Passive income can be made with rental properties. Buy a property, rent it out for more than your expenses and you collect a nice monthly income.

An Easier Way

An easier way is to lend. Banks do it all the time and we all know that banks do pretty well for themselves. Private lending is one of the most lucrative forms of earning a passive income. When going to the bank isnít an option, many turn to private lenders. And people are willing to pay great returns to borrow money. Now thereís the risk that the borrower wonít repayÖjust look at what happened in the US and their banking crisis. But first, things are different in Canada, and second, before we lend, we make sure we have the necessary protection for our investment. This is where Syndicated Mortgages come in.

How to get a Secure and Guaranteed 8% per year return

Some very large condominium developers need private money when doing large projects. They go to the banks for the hard money, money for the actual building. But they also need soft money, money for the consultants, architects, and permits to get the building built. This is where private lenders come in. And developers are ready to pay handsomely for these important funds. As a matter of fact, they will guarantee an 8% return PER YEAR to borrow for 3 years, and at the end of 3 years will give a bonus of 12%. Thatís about 12% a year all in. The 12% is profit participation and may go up of down depending on the profits, but they budget for 12% and these guys are known for being conservative. Once this kind of lending was only available to accredited and wealthy individuals, but now anyone with $25,000 can start to make this amazing return. The best part is that with the currently low interest rates that the banks are offering, people are able to borrow against the equity in their homes and turn right around an lend a much higher rate and get that second income without having to add endless hours onto their already busy work weeks. And with all the turmoil of the stock market, this is one investment where you can make great returns and sleep well a night knowing full well your money will be there in the morning. For more information on Syndicated Mortgages and how you can get in on the lucrative opportunity, call Sean OíConnor at 905-466-2054 or email me at soconnor@northwoodmortgage.ca


 
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