The market conditions in Calgary are perfect for smart, long-term investment in real estate. The fundamentals are sound. The Calgary real estate market is showing less volatility than in years’ past. Large jumps in prices – either up or down – seem less likely than at any other time since 2006.
Combined with low vacancy rates, rising rents, positive net migration and affordability – which, according to the RBC report on housing trends and affordability, remain at historically favorable levels – now is the right time to start teaching Calgarians how to properly invest in real estate with long term wealth accumulation in mind.
As such, Mortgage360, a boutique mortgage brokerage with offices in Calgary and Red Deer, is launching the Cash Flow club – an innovative-yet-simple approach to real estate education – beginning in 2015.
Mortgage 360 wants to help people plan for their future. Whether it is having monthly cash flow to fund a retirement, or create a practical strategy to fund a child’s education, the company believes it has a system that not only works, but is based on something that everyone understands – their home.
Mortgage360’s approach will be simple and focus on low-risk investment strategies. This isn’t going to be the type of education you would get from a late-night infomercial or a cross-country dog and pony show that is more about selling books and CDs at the back of the room, than helping people actually build wealth.
The Cash Flow Club will be free of charge. Participants will apply via the Mortgage360 website to attend one of the weekly classes. If chosen, participants will then be educated on how to buy real estate using techniques that are fair, honest, and proven.
The application process will be critical to the success of the club. Because Mortgage360 already has a significant amount of interest from past clients, and only so many spaces, the company will be selective about whom it chooses to join it.
Mortgage360 expects the demand to be high given that these are free, no-obligation classes.
Furthermore, the company wants to make sure the information remains free, and that it doesn’t have to start charging for its staff’s time.
Why teach the classes in the first place?
Mortgage360 will be paid by lenders in exchange for arranging the mortgages on revenue properties purchased by club members. What Mortgage360 provides in value by way of education, it expects to receive in return by setting club members up with the right mortgage strategies and the right lenders.
Club meetings will cover everything from why Calgary and why now, to balancing your portfolio, qualifying for financing, finding the right revenue property and finding and selecting tenants.
For more information, or to apply for the Mortgage360 Cash Flow Club, go to mortgage360.ca/cash-flow.
Nolan Matthias holds a bachelor of arts in Economics, is the co-founder of Mortgage360 and the author of The Mortgaged Millionaire. Call Nolan at 403-615-6132 with your questions or to set up an appointment with an Accredited Mortgage Professional (AMP).