What are the oles of some of the parties involved?
A. There are several players in a transaction each with various duties and responsibilities to play and are basically as follows (but not limited to): Real Estate Investor/Entrepreneur (and Team): This is you. You find the deals and construct the deals to buy with cash, and mortgage funding (first and second mortgages) As the engineer of the deal, you must make sure that the other parties have ALL information on all the deal aspects that would be required for them to make a sound, informed, and intelligent decision. Typically, you are setting up the details of the mortgage with respect to term, interest rate, and payments schedule, for the RRSP planholder investor/lender to consider and then mutually agree to. RRSP Planholder Investor/lender (and Team): Typically, this is a person disgruntled with the status quo mutual fund and stock based funds for RRSP investing, and their lack of performance. They want to take control of their RRSP portfolio, and will educate themselves, and take on
