QUOTE (hazed @ May 17 2009, 11:21 AM) Drake Wellington - seems to be similiar to using Manual Life One or based on same strategy - anyone use this or have experience with them? Would it even be useful when you own multiple properties?
Has anyone else ever contacted or used the GoBig Network? They seem to have a large network around startup companies, including investors and advisors who can help to grow small companies. They are located in Ohio but apparently assist and/or fund lots of Canadian small businesses. Your thoughts? Hazel
It is true that Drake Wellington is offering something similar to the Manulife One product but we take it one step further. What Drake offers is the European Lending Strategy...
Throughout the world, Drake Wellington has found that European mortgages are the most favorable to the home owner. Unlike the banking system which we experience here in Canada, the European system is more competitive and thereby offers more in the way of benefits to their clients. A comprehensive review indicates that German Sparkaßen (similar to our credit unions) has the most efficient structure to pay off ones mortgage in the quickest time, without increasing your payments. We at Drake Wellington were determined to make these alternatives available right here in Canada.
So the European lending Strategy consists of three parts.
1) Simple line of Credit
2) Net out accounting
3) Reinvestment of your principle.
The Manulife One product uses 1 and 2 but that is as far as they go.
Drake Wellington utilizes the Manulife One in connection with the 3rd portion of the Strategy.
We offer solid Limited Market Investments that are not directly correlated to the markets.
Drake Wellington aims to put your interests first through enabling access to a preferential range of alternative (Limited Market) investments. Most Canadians are recommended investments that are owned by the Financial Services Company or their Parent company. Drake Wellington seeks to eliminate the bias of promoting proprietary-based products. Drake Wellington’s mandate is to provide investments with superior and predictable rates of return with minimal to no market exposure – while specializing in RRSP exit strategies (allowing you to withdraw your money tax-neutrally). We make every effort to find the best investment in its class for your specific needs and focus our recommendations on investments that have your interests placed ahead of all others.
This assists our clients to not only pay down the mortgage in half the time but also helps the client alleviate depreciation risks of being tied to housing markets.
We can offer this strategy to Real Estate investors with multiple units. This creates multiple streams of income from the rental properties. Both rental income as well as investment income.. a big Win Win.
You can find us on the web...come out to one of our seminars...I will be happy to answer any further questions you may have.
