E129 - Earning an Annual Return Through A Mortgage Investment Corp With Jesse Bobrowski
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Jesse Bobrowski is the Vice-President at Calvert Home Mortgage Investment Corp. (also known as a MIC). Calvert is a private fund where investors buy shares and earn money through the interest and fees that Calvert obtains through its mortgages. On this episode, we discuss:
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Expected annual returns for people that invest in their fund
What types of properties Calvert loans against
Jesse breaks down who can invest into their fund, their \\u201credemption\\u201d model and their payouts
How Calvert determines the share price investors will be buying into
Why Calvert borrows money from banks in addition to investors\\u2019 funds
The rates they charge investors and their $20,000 downpayment program
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You can reach out to Jesse by emailing him at Jesse@chmic.ca
Download a free report: \\u201cWhy you shouldn\'t buy investment properties in Oakville, Burlington and other cities in the GTA\\u201d
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