Discover why planning ahead when it comes to your financing strategies is vital, learn about the key financing strategies before diving in, find out how to attract money partners, raise capital and stay out of trouble with the securities commission.
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Discover why planning ahead when it comes to your financing strategies is vital, learn about the key financing strategies before diving in, find out how to attract money partners, raise capital and stay out of trouble with the securities commission.
Resources/Links
Summary
Dalia Barsoum is a multiple award-winning Mortgage Broker, Real Estate investor, and financial adviser with over 20 years of experience in the banking sector, spanning: Wealth Management, Lending, and Real Estate. Dalia holds an MBA in Finance from Dalhousie University and is a Fellow of the Institute of the Canadian Bankers Association.
In this episode, Dalia shares the nitty-gritty side of financing and do away all the challenges that come with it. Learn the strategies required in order to grow your portfolio, as well as getting tips on how to deal with and approach the right people to help you with your investments.
Topics Covered:
Key Takeaways:
“What I find helps everyone, not just clients, is surrounding yourself with people who have been in the same position, who have the experience to actually bring value to the table. When I started investing, it’s helped me tremendously to have the right coach by my side, the right realtor by my side who knew the local market, who knew what’s gonna rent for, what the vacancy rates are, what is a good tenant, what’s a bad tenant.” – Dalia Barsoum
“Definitely everyone is going to eventually run out of their own capital to invest and raising capital becomes a very important topic. So, from a financing standpoint, what I typically advise clients off, if you have a joint venture partner that is coming to the table to invest, it’s really important, first of all, to know what they’re capable of from a financing standpoint before you go shop for a deal. So they go through the same process that we take clients through in terms of planning the financing roadmap for those JV partners.” – Dalia Barsoum
“Sometimes clients rush into forming a corporation, but everybody on the corporation and you get a group of three or a group of four investing together, which really, really complicates financing from a residential standpoint. The commercial is not a problem, but residential becomes complicated. Before clients rush into, you know, these types of strategies again, I would suggest you talk to a mortgage advisor and say, okay, who are the best people to really go on this deal from a financing standpoint? How can we make our deals going forward, simple, and most attractive to the lenders? So putting everybody on a deal because they’re a JV partner, doesn’t really make sense all of the time. Sometimes it complicates things significantly.” – Dalia Barsoum
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