How to Unlock Unlimited Mortgages and Purchase 5+ Income Properties in a Year
If you want to invest in income properties but you don’t have the money to do so, you’re in the right place. Throughout the last couple of months, I’ve talked to hundreds of people interested in income property investing and a large percentage of them were dealing with the same issue: they didn’t have enough money to purchase an income property. That was until I introduced them to a specific joint venturing strategy that has allowed me to purchase multiple properties per year.
Why Do People Look for Joint Venture Partnerships in Real Estate?
There are a lot of people in Canada who work 9 to 5 and have stable corporate jobs. Many of them have been there for ten, 20 years and the banks love them. They love them because of the secure income and the fact that they’ve been there for a while. That’s why the banks are willing to give them two or three mortgages. The only problem is that these people are busy and they don’t have time to learn or educate themselves in real estate investing.
In most cases, they just have these mortgages sitting there not being used whereas you’re investing all of this time to educate yourself but you don’t have the mortgage capability. It only makes sense to merge these two profiles together and create a joint venture partnership where both parties could help each other and benefit from the collaboration.
Essentially, what you can do to invest in income properties with someone else’s money is to connect with these people who have mortgages sitting around and offer your help and expertise on the real estate investing side.
What’s in it for you (the active partner):
You get to purchase a property without having any money.
You get to go through the experience and learn things first-hand.
You get to own 50% of equity without putting a penny down for the property.
What’s in it for them (the money partner):
They get to purchase a property without doing any hard work.
They get to build equity in real estate without investing time and effort into the heavy lifting.
They get to scale their portfolio an infinite amount of times because they’re not limited in time.
It’s a win-win situation for both parties. Now, you’re probably wondering: “But Riley, wouldn’t I only own 50% of the income property this way?” That’s correct. But think of it this way: would you rather purchase 15 properties in a year and own 50% of each of them or purchase only one property in a year and own it 100%?
You’d probably agree that the first option makes a lot more sense. There’s no way you could get 15 mortgages per year on your own. No bank would ever allow that. However, partnering with other people allows you to unlock an unlimited amount of mortgages and repeat the process as many times as you want.
Want to Learn More?
If you’re looking for ways to get started or you want to learn more about how joint venturing works in this context, feel free to schedule a quick call with me. We’ll go over your goals and ambitions in the investing space, as well as your next steps to get you closer to your first or next income property investment.