Owning a home is a keystone of wealth – both financial affluence and emotional security.
– Suze Orman
– Suze Orman
As a Wealth Manager and Real Estate Investment Consultant
I help people take stock of their savings, pension, investments and available home equity (net worth). The rate of return of each current investment they hold, registered or not, is assessed. Taking this into account, the yearly yield is calculated.
I help prevent a “DORMANT” HOME EQUITY PHENOMENON.
With 42% of Canadians in possession of a paid-off home that does not produce an investment income, this is where I come in to help them realize the benefits of refinancing their home.
We craft a new design and apply a retirement income plan with an effective investment strategy that incorporate their current locked investments with new acquisitions. (pre-construction townhomes, rental properties) or investment vehicles (private mortgages, MIC, real estate funds and more) These are in accordance to the unique individual current AND future cash flow needs of a household. They are left with a clear, client friendly, easily updatable compilation of diversified investments with no-hidden-fee (in excel).
Bonus: I also review their insurance coverage together: Property insurance, life insurance to ensure it fits their new liability, Health insurance (extended health care benefits: the Health Spending Accounts for families and Business owners). Their will and other asset protection matters are also included in the discussion.
This is a comprehensive consultation.
★ Helped a couple of teachers get an exception and refinance their principal residence. $250,000 in Equity Take Out at 2.84% (maximum ETO is $200,000 with most lenders). Cash available to invest in real estate for retirement.
★ Created a new investment income plan that generates $63,000 a year at retirement (including the teachers pension), and is currently generating $37,000 a year of income that was not in existence prior to refinancing their principal residence.
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