Glenn Simon Inc. New Mortgage Program for Canadian Investors
Canadians realize the benefits of owning revenue real estate though, for many, getting the down payment together for a second property can be a challenge. Alberta based Glenn Simon Inc. offers a niche investment programs where your first investment property is only limited to your good credit and steady job.
An Alberta based company, Glenn Simon Inc., is helping would-be-investors to get started without going into debt. How? Qualify for the mortgage on a revenue property, and then hold it for the investment period. Over the investment the mortgage holder will receive a percentage of the cash flow. When the property sells, usually after 5-7 years, they receive 10% of the final profit.
“If you have good credit and a steady job you are now in the driver's seat when it comes to investing in Edmonton, Alberta,” says Glenn Simon Inc owner Todd Millar.
“The key is to find properties that pass an extensive screening and produce positive cash flow every month,” Millar says. His company finds, manages and sells the property, which means the mortgage holder is free to cash their share of the rent income and spend their time as they like. They get the benefit of being a landlord without the time demands.
“It's important to note, that all mortgages and property purchases strictly adhere to federal and provincial lending laws and are completely transparent,” Millar stresses.