QUOTE (BobHudson @ Jan 12 2008, 09:45 AM) I have done a couple of RRSP second mortgages with my own RRSP and have taken a few RRSP seconds from investors on our projects. We usually offer 14% interest only payable monthly.
To understand the mechanics of how these work, have a look at the RRSP (label=RRSP) entires on my blog
http://lease2ownbob.blogspot.com/search/label/RRSP There I also cover considerations like fees and impact on the Debt Coverage Ratio of a deal.
For the real Canadian expert on this stuff, go to Valden Palm, Mister RRSP. His web site is
http://www.misterrrsp.com/ and he has a self study course for people wanting much more detail.
Hi Bob
Many thanks for your advice and suggetions. I quickly went over your blogs about RRSP. I will check with my bank about setting up RRSP account. Right now my rrsps are scattered all over in my name and my wife`s name. Meanwhile if you have any good projects coming up let me know. If i get good return i will be interested.
Firoz
Firoz