Keywords

building your own home, building a custom home, custom home construction, construction financing, construction loan, self-build home, building a house from scratch, home construction costs, custom home builder, construction management

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

Being self-employed doesn’t have to make getting a mortgage harder. It can actually give you more options.

In this episode of Real Stories in Real Estate, Denise flips the script on one of the biggest misconceptions about self-employed borrowers: that being self-employed is automatically a mortgage liability

The reality? Self-employed borrowers have levers that salaried employees simply don’t have. How you pay yourself, how your business income is structured, what expenses you write off, and where certain expenses are held can all affect how a lender sees your income and your borrowing power.

Denise breaks down the difference between A and B lending, why business bank statements can sometimes tell a very different story than your tax return, the importance of protecting your credit, and why decisions made two or three years before you need a mortgage can dramatically change your options.

The biggest takeaway: don’t wait until you need a mortgage to start planning for one.

If you're self-employed, your mortgage strategy should be part of your business strategy.

• Why self-employment can be a mortgage advantage
• The difference between A lenders and B lenders
• How write-offs can affect mortgage qualification
• Using business bank statements to demonstrate income
• Why planning two to three years ahead matters
• Salary vs. dividends and how income structure can affect borrowing power
• The importance of maintaining strong credit
• How business expenses and vehicles can affect qualification
• Questions to discuss with both your accountant and mortgage professional
• Why the “cheapest mortgage” isn't always the cheapest overall financial strategy

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

Keywords

#SelfEmployedMortgage #SelfEmployed #MortgageStrategy #MortgagePlanning #MortgageTips #MortgageBrokerOntario #OntarioMortgage #BusinessOwners #Entrepreneurs #MortgageQualification #RealEstateOntario #RealEstateInvesting #HomeBuyingTips #SelfEmployedFinancing #RealStoriesInRealEstate

What if the best real estate opportunity is the one nobody else sees?

Denise sits down with entrepreneur and real estate investor Stephanie Grimbly to unpack the unconventional strategy that led her family to purchase two properties and ultimately sell them to a developer for a combined $3.1 million.

They talk about managing fear, avoiding FOMO, trusting your own numbers, identifying future development opportunities, and why following the crowd can be one of the biggest mistakes an investor can make. Stephanie also shares how her real estate experience gave her the confidence to take on her next entrepreneurial challenge.

A candid conversation about real estate investing, risk, mindset, opportunity, and thinking differently.

• How Stephanie and her family turned two properties into a $3.1 million sale
• Why unconventional real estate opportunities can be worth exploring
• Managing fear when making a major investment decision
• Why following the crowd can lead to buying at exactly the wrong time
• Using job and development trends to identify future opportunities
• The importance of trusting your own research and numbers
• What Stephanie would do differently if she could negotiate the deal again
• How real estate investing helped build confidence for her next entrepreneurial venture
• Why playing the long game often beats chasing quick wins

Main Takeaways

• You don't always need to follow the crowd to succeed in real estate.
• FOMO can cause investors to buy high and sell low.
• Emotional management is just as important as financial analysis.
• Sometimes the best opportunities are found by looking at what an area could become, not just what it is today.
• Your professionals should challenge your thinking, not simply tell you what you want to hear.
• A good investment doesn't necessarily need to produce immediate cash flow if the long-term economics make sense.
• "Everybody is doing it" should make you stop and ask more questions.

Keywords

real estate investing, Ontario real estate investing, GTA real estate, real estate development, property investment strategies, unconventional real estate investments, real estate wealth building, real estate FOMO, investment mindset, property development opportunities, real estate investor mindset, buying investment property, real estate podcast, Ontario investors, entrepreneurial mindset

Episode Highlights

• What a reverse mortgage really is—and what it isn't
• Debunking the biggest myths surrounding reverse mortgages
• How homeowners can access equity without selling their home
• Lump sum versus monthly income options
• When a reverse mortgage makes sense—and when other solutions may be better
• Why family conversations are an important part of the decision-making process

Main Takeaways

• Reverse mortgages are a financial planning tool, not a last resort.
• Homeowners remain the owners of their property.
• Every retirement strategy should be based on the individual's financial goals and circumstances.
• Understanding all available options leads to better long-term decisions.

Keywords

reverse mortgage Canada, reverse mortgage Ontario, retirement planning, home equity, house rich cash poor, retirement income, mortgage for seniors, Canadian homeowners, retirement financing, equity release, senior financial planning, mortgage advice, real estate podcast

Thinking about downsizing or helping aging parents navigate their next move? Denise is joined by Steve Sicard, a realtor specializing in senior transitions, to discuss aging in place, downsizing strategies, financing options, and the emotional realities of leaving a family home. This practical and compassionate conversation is filled with expert advice for families preparing for one of life's biggest transitions. 

Episode Highlights

• Common myths about downsizing and aging in place
• When it makes sense to stay in your home—and when it doesn't
• How HELOCs, reverse mortgages, and other financing tools can support seniors
• Why pricing strategy matters more than chasing unrealistic expectations
• The emotional challenges of leaving a family home
• How a team of trusted professionals can simplify the downsizing process

Main Takeaways

• Aging in place is often the best option when it is safe and financially sustainable.
• Downsizing is both an emotional and financial decision that deserves careful planning.
• There is no universal solution—every family's situation is unique.
• Working with experienced professionals can reduce stress and help avoid costly mistakes during major life transitions. 

Keywords

downsizing seniors, aging in place, Ottawa realtor, senior real estate specialist, reverse mortgage, HELOC, downsizing parents, retirement housing, selling a family home, senior home transition, Ontario real estate, retirement planning, real estate for seniors

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

In this episode, Denise explains the strategy, planning, and guidance that happens behind the scenes—from comparing lenders and negotiating mortgage options to helping self-employed clients, planning renewals, and supporting homeowners long after closing day.

If you've ever wondered whether working with a mortgage broker is worth it, this episode has the answers.

• What mortgage brokers actually do behind the scenes
• Why the lowest rate isn't always the best mortgage
• How brokers compare dozens of lenders to find the right solution
• The advantage of working with a mortgage broker if you're self-employed
• Why annual mortgage reviews and renewal planning matter
• How brokers work with lawyers, realtors, and accountants to simplify the process

Main Takeaways

• A mortgage broker's role extends far beyond submitting applications.
• Mortgage strategy should be tailored to your long-term financial goals.
• Self-employed borrowers often have more options than they realize with the right guidance.
• The best mortgage advice continues long after closing day.

Keywords

mortgage broker, mortgage broker Ontario, mortgage advice, first-time home buyer, self-employed mortgage, mortgage renewal, mortgage strategy, mortgage planning, refinance mortgage, mortgage broker vs bank, home financing, mortgage education, Ontario mortgages

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

Is rent-to-own the right path to homeownership? Denise is joined by Robyn Yack and Cheryl Koffman to explain how rent-to-own works, who it's designed for, and why it's helping more Canadians become homeowners. Learn how this strategy can benefit first-time buyers, self-employed professionals, newcomers to Canada, and anyone rebuilding their financial future.

If you've ever thought homeownership was out of reach, this episode may introduce an option you didn't know existed. 

Episode Highlights

• How rent-to-own programs work from start to finish
• Who is an ideal candidate for rent-to-own
• Why only a 5% down payment may be required
• The advantages of locking in your future purchase price
• How rent-to-own can help after divorce, bankruptcy, or credit challenges
• Why younger buyers and their families are exploring this option

Main Takeaways

• Rent-to-own can provide a realistic pathway to homeownership for buyers who don't yet qualify for traditional financing.
• Stability, predictable housing costs, and forced savings make the program attractive for many families.
• Buyers can often choose the home and neighbourhood they want rather than settling for limited options.
• Exploring all available homeownership strategies helps buyers make informed financial decisions.

SEO-Friendly Keywords

rent to own Ontario, rent to own homes, first-time home buyer, homeownership strategies, bad credit mortgage alternatives, self-employed home buyers, divorce and real estate, newcomer home buying, down payment assistance, Ontario real estate, alternative mortgage solutions, buying your first home

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

In this episode, Denise explains why your accountant and mortgage broker should be working together, how lenders assess self-employed income, and why planning ahead can help you qualify for better financing while still keeping your tax strategy on track. A must-listen for every business owner planning to buy or refinance. If you're self-employed and planning to buy, refinance, or invest in the next few years, this episode could save you thousands of dollars—and a lot of unnecessary frustration.

Episode Highlights

• Why tax planning can impact your mortgage approval
• How lenders evaluate self-employed income
• Salary vs. dividends: what every business owner should know
• Why mortgage planning should begin years before you buy
• How mortgage brokers and accountants can work together to maximize your options

Main Takeaways

• Smart mortgage planning starts before tax season.
• Minimizing taxes isn't always the same as maximizing borrowing power.
• Early planning gives you more lender options and better rates.
• Collaboration between your accountant and mortgage broker can help you achieve both financial goals.

Keywords

self-employed mortgage, mortgage for business owners, mortgage planning, tax planning, accountant and mortgage broker, self-employed income, mortgage qualification, incorporated business, sole proprietor mortgage, mortgage strategies, Ontario mortgage broker, self-employed financing

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

Main Takeaways

• A purchase agreement is a legally binding contract—not a reservation.
• Walking away from a deal can trigger significant financial consequences.
• Pre-construction contracts should always be reviewed by a real estate lawyer.
• Financing should be secured well before closing to avoid last-minute issues.
• Today's resale market may offer better opportunities and less risk than pre-construction condos.

SEO-Friendly Keywords

pre-construction condos, Ontario real estate, purchase agreement, real estate lawyer, builder lawsuits, appraisal shortfall, mortgage financing, real estate contracts, condo investing, Toronto real estate market, failed closing, home buying advice, real estate legal tips, pre-construction risks

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca

Phone: 289-645-1568

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Denise explains why traditional banks often struggle to assess entrepreneurial income properly, why a “no” from the bank is not the end of the story, and how specialized mortgage strategies can help self-employed clients move forward confidently.

She also dives into the critical relationship between mortgage planning and tax planning, explaining why accountants and mortgage brokers sometimes work toward different goals — and why collaboration between both professionals can make all the difference.

This episode is packed with practical advice, reassurance, and real-world insight for entrepreneurs, incorporated business owners, freelancers, and self-employed Canadians trying to navigate the mortgage process without shame or confusion.

🔑 Key Takeaways

• Why banks often decline self-employed mortgage applications
• The difference between bank lending rules and real financial health
• Common myths about self-employed mortgages
• Why a mortgage decline is not the final answer
• The importance of working with a mortgage broker who specializes in self-employed lending
• Understanding A lenders vs. B lenders
• Why alternative lending can be a strategic stepping stone
• How tax write-offs can affect mortgage qualification
• Why mortgage brokers and accountants need to collaborate
• Planning ahead before tax season to improve borrowing power
• How entrepreneurs can structure income more strategically for future financing

🔍 SEO Keywords

Primary SEO Keywords

self employed mortgage Canada, mortgage declined self employed, self employed mortgage broker, mortgage for business owners, entrepreneur mortgage advice

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

• The biggest financial mistakes couples make during separation
  
• Why emotions and revenge can hurt real estate outcomes
  
• The importance of separation agreements before selling a home
  
• Why common-law relationships are treated differently legally
  
• How cohabitation agreements protect both partners
  
• What happens when only one spouse is on title
  
• The risks of using the wrong realtor during divorce
  
• Mortgage qualification challenges after separation
  
• Why support payments impact mortgage approvals differently by lender
  
• Protecting family down payments and gifted equity
  
• The importance of wills and estate planning during separation
  
• How specialized professionals help reduce stress and conflict
  

🔍 SEO Keywords
Primary SEO Keywords
divorce and real estate, selling a house during divorce, separation and mortgage advice, common law separation Ontario, divorce real estate specialist

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Many retirees and long-time homeowners are sitting on significant home equity, but they’re not quite ready to leave their family home yet. Denise explains how today’s unique market conditions—where large homes have softened in value while condos are deeply discounted—may create an incredible opportunity to buy your future condo now while keeping your current home. 

She walks through real-life examples of using refinancing, HELOCs, and reverse mortgages to purchase a future downsizing property without dramatically impacting monthly cashflow. The episode also explores how these strategies can give homeowners more control over timing, reduce stress during life transitions, and potentially create stronger long-term financial outcomes. 

Whether you’re thinking about downsizing to a condo, bungalow, or cottage in the future, this episode offers practical insights into how to plan ahead, protect your lifestyle, and make smarter real estate decisions in today’s market. 

🔑 Key Takeaways

• Why today’s condo market may be a rare buying opportunity
• How retirees are leveraging home equity strategically
• The pros and cons of refinancing vs HELOCs vs reverse mortgages
• How to buy your future home before you’re ready to move
• Why timing the market matters when downsizing
• How reverse mortgages can preserve cashflow
• The hidden stress of waiting too long to make a downsizing plan
• Why having a transition plan creates more control and flexibility
• Real financial examples comparing different mortgage strategies
• How to avoid rushed decisions during health or lifestyle changes

🔍 SEO Keywords

Primary SEO Keywords

downsizing strategies for retirees, reverse mortgage Canada, buying a condo before downsizing, retirement real estate planning, HELOC for downsizing

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

With affordability challenges pushing more people to buy homes with siblings, friends, parents, business partners, and unmarried couples, co-ownership has become increasingly common. But what happens when someone wants out, relationships change, or one owner contributed significantly more money than the other?

Denise and Paria unpack the critical importance of co-ownership agreements, how title should be structured, what happens during relationship breakdowns, the risks of co-signing, and why planning the exit strategy before buying is one of the smartest decisions you can make. 

They also dive into:

• Joint tenancy vs. tenants in common
• Protecting down payment contributions
• Common-law relationships and property rights
• Parents co-signing for adult children
• Estate planning and ownership disputes
• How improper documentation can lead to expensive litigation

Whether you’re buying with a partner, family member, or friend, this episode is packed with practical legal and mortgage insights that could save you thousands of dollars—and a lot of stress. 

🔑 Key Takeaways

• Why co-ownership is becoming more common in today’s market
• The biggest mistakes people make when buying property together
• What every co-ownership agreement should include
• Why “50/50 on title” doesn’t always mean equal ownership
• The legal risks of buying property with friends or family
• What happens when one co-owner wants to sell
• Protecting yourself in common-law relationships
• Risks parents face when co-signing mortgages
• How wills and estate planning affect co-owned properties
• Why planning the exit strategy matters before buying

🔍 SEO Keywords

Primary Keywords

co-ownership agreement Ontario, buying property with family, buying a house with friends, co-signing mortgage risks, joint tenancy vs tenants in common

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

• Why real estate is often the largest asset in a separation
  
• Understanding ownership when only one person is on title
  
• The importance of a separation agreement for clarity and financing
  
• How real estate lawyers handle sales and buyouts during divorce
  
• Why timelines can be longer than expected
  
• The value of working with one lawyer vs. multiple parties
  
• Joint tenancy vs. tenants in common explained
  
• Protecting your interests through title changes
  
• Why cohabitation agreements matter—even before issues arise
  
• Updating wills, powers of attorney, and estate plans during separation
  
• The importance of having the right professional team in place
  

Primary Keywords
divorce real estate Canada, separation property division Canada, real estate lawyer divorce, matrimonial home rights Ontario, joint tenancy vs tenants in common

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Learn how strategies like reverse mortgages, refinancing, and lines of credit can unlock equity without impacting your lifestyle, giving you flexibility and control over your next move.

If you’re thinking about downsizing in the future, this is a smart strategy you’ll want to understand.

• Why mortgage-free homeowners are in a strong position right now
• The opportunity created by lower condo prices
• Buying your future home before you need it
• Using equity through HELOCs, refinancing, or reverse mortgages
• How reverse mortgages allow you to avoid monthly payments
• Maintaining lifestyle and cash flow while accessing equity
• Renting or using the condo before moving in
• Avoiding rushed decisions when selling a long-time home
• Creating a flexible, low-stress transition plan

reverse mortgage strategy Canada, free and clear home equity, downsizing strategy Canada, buying condo before selling house, retirement real estate planning

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Takeaways

• Home renovations are a popular trend for homeowners looking to stay in their homes and make them work for their changing needs.
• Understanding the building code and the importance of proper construction and renovation practices is crucial for homeowners and contractors.

Chapters

• 00:00 Introduction to Building and Renovations

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Colin Byrne shares his experience as a first time home buyer, and all the challenges that brings. He had been a renter but desired to own his own home after a roommate was moving out, so looked at condos. As with all experiences, there were positive and negative issues and he shares them to help other first time home buyers. His income matched a condo to his liking, and he was confident on paper that he could make the payments, but asked his parents for the down payment. After the lender pushed back on approval also due to a past due unpaid debt, his mom finally co-signed for his first mortgage term, but he was able to qualify on his own after that. Tune in to learn more about more of his challenges. 

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Kevin Harding is a Durham-based real estate agent, and has owned traditional rental properties that come with tenants and toilets. His wife and he were looking for something different, so decided to buy a 4 season cottage to use a few times a year, then rent out the rest of the time. While this can yield amazing financial returns, it also comes with many unique challenges, such as insurance and local regulations. What mistakes were make, what were the successes and would he do it again?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Hashtags for this episode: #mortgage, #financing, #refi, #equity, #rentals, #investment, #GTA, #Toronto, #Ontario, #durham, #legislation, #realtor, #rentals, #rights, #screening, #landlord, #tenants, #neighbours, #cottage, #shorttermmental

The major financial institutions are referred to as "A" lenders. What do you do if you have a down payment, want to buy a home but have imperfect credit and your bank has turned you down? "B" lenders to the rescue.

Dana Hesp and her partner found themselves each leaving their marriages and wanting to buy a house together. Due to their separations and divorces, banks sometimes take a pass on lending money out to people in these situations. Dana had also had a car repossessed but did not know the exact circumstances, so this impacted her credit. She and her partner could not get a mortgage from an "A" lender, so turned "B" lenders to make their dreams come true. Dana walks us through the pros and cons of financing this way.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #b lender, #bruised credit, #downpayment, #imperfectcredit, #budget, #mortgages, #separation, #divorce, #creditrating, #realestate, #bigbanks

Johnathan Pollock has been a landlord for the last 6 years, and chats with Denise about the challenges and benefits of being a landlord. 

While real estate is an amazing tool to grow your wealth, it is NOT a passive investment, requiring you to stay on top of your money and know what's going on with your tenants. 

They renovated the property they were living in, then moved into the basement and rented out the top floors, as there was higher rental income to be made, but rushed into the process of getting tenants. The tenants moved in, and on the first day there was a surprise waiting in the mailbox…listen to find out what it was! Denise agrees that she too is somewhat impatient when finding tenants. As well they share some great tips about checking out tenants and being a bit of a detective. 

While mistakes might be made, and repairs happen over the life of the property, you have time to learn from those mistakes, and the repairs, tenants damaging and leaving are just the cost of business.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Hashtags for this episode: 

Jackie Schagen and her husband wanted to buy a house, and were more adventurous than typical buyers. They wanted to see EVERYTHING, no matter what the issue was that other buyers pushed back on.

One of the houses they saw had no ducts, and baseboard heating! Many stories have been told about the cost of baseboard heating, and with no ducts you can't have central air. Jackie and her hubby loved the house enough to work with that, and any other renovations that needed to be done. Jackie had her own renovation compony, so she was rather confident they could get it done.

And, they studied their heating bills vs. a neighbour with gas, and the results may encourage you! Plus as for cool, a few portable AC units and their house works for them.

What did she learn? Would she do it the same way again? What advice does Jackie have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #renovation #fixer upper, #baseboard, #heating, #AC, #air conditioning, #buyer, #real estate, #home buying

Purchasing investment real estate can be rewarding and challenging, and sometimes both! Sometimes you are stressed and overwhelmed and want to sell your rental properties.

Todd Miller experienced this a few years ago, after purchasing an investment property that was empty when he and his wife bought it. Instead of an exhaustive search and screening process for tenants, they decided to rent it to family, as you could trust them with your precious investment.

While it may seem ideal to rent to family, it can create an 'interesting' dynamic, if the tenant is late with rent and requests you wait for it. As Denise says you don't kick out your family members, so after realizing the property had appreciated and no longer wanting to have the extra work of managing a rental property, they agreed to sell to another investor and move on.

After a few years, they realized the property would likely have been either almost mortgage free or would have supported a refinance to purchase more properties, Todd & Kerri decided to get back in the investing game, and now own 7 doors. Life is much different now, as Todd can either manager them himself or get a good property manager to help.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #mortgage, #financing, #refi, #equity, #rentals, #investment, #GTA, #Toronto, #Ontario, #durham, #tenants, #realtor, #rentalhousing

If you put one in later, you control the look and feel of the apartment, as well as the tenants. If you buy one with existing tenants can be beneficial and challenging.

Natasha Laframboise was prepared for this challenge when buying a home. She tells us the unique challenges in this process, and how others can be prepared for this kind of real estate transaction.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca
Phone: 289-645-1568 ext 1

Hashtags for this episode: #duplex, #basementapartment, #cashflow, #tenants, #rentals, #mortgages, #DIY, #alwaysbeprepared, #landlord, #propertymanagement

Jason Lane joined Woitzik Polsinelli LLP, Lawyers and Mediators in 2018 as a summer law student. Jason obtained his Juris Doctor from The University of Western Ontario in 2019 and is now an associate in our Family and Real Estate Groups.

During his time at WP, Jason has gained extensive knowledge regarding a variety of real property matters such as the purchase and sale of new homes, condominiums, re-sales, and assignments. Jason is very understanding of the fact that completing a real estate transaction can seem overwhelming and complicated, but his attention to detail and focus on client communication will ensure that the closing process is made simple and straightforward.

Jason joins Laframbroise Mortgage to discuss some of the situations he's seen that cause a closing to fail, and provide many tips on how to have a successful real estate closing!

Website: https://durhamlawyer.ca/team-members/jason-lane/

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Mandy Dorego left the dental hygiene world, but was training people in her own time, and decided to pursue her passion for health and wellness, while being a trainer full time.

She decided to renovate her basement, add all the necessary equipment to have different workout stations. She and her husband decided early on that Mandy would not rent space, or take on a second mortgage to buy a gym, as the benefits outweighed the negatives. This also came in handy when the pandemic hit, as she could still take virtual clients and the space was paid for.

She has to trust her clients, as they come into her home, but she also gets to set her own hours, taking clients before her kids leave for school, takes a break to take them to school, then can have clients after. Mandy mentions a few of the pros/cons of operating a business from your primary residence.

What did she learn? Would she do it the same way again?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Tahani Aburaneh is one of Canada's top real estate investing experts, an Amazon bestselling author, wealth coach, but above all, a proud single mother of 2 grown children. She has spoken to thousands of people as a keynote speaker on stages across North America and is a featured guest on numerous podcasts, TV shows and 2 international documentaries. Most recently, Tahani founded the Females In Real Estate movement which inspires and empowers women from all walks of life to create financial freedom through real estate investing.

How does she feel empowering women? What were her challenges, and would she do it again? Yes, and YES! Tune in for all the details on this amazing initiative, what she learned and how successful she has helped other female investors to be.

Website: https://tahani.ca

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Hashtags for this episode: #mortgage, #financing, #refi, #equity, #rentals, #investment, #GTA, #Toronto, #Ontario, #durham, #legislation, #realtor, #rentals, #ADU, #accessorydwellingunit, #landlord, #tenants, #female, #investing, #empowerment

Denise and her husband Gabriel found their dream home, it was the 3rd house they would buy, but it checked all the boxes. Both had a long drive to the office, and could not get to their daycare in time, so looked for something closer. They looked at Markham and other areas, but decided on Whitby, closer to Gabe's work so that he could pick up the kids. 

The market was very hot at the time, and many of the houses they looked at were gone by the time they went to look at them, or submitted an offer but it was already sold. They decided they weren't worried about selling their home, with all the upgrades, but needed to be free to buy, so felt comfortable buying first then selling their homes. How did they match up closing dates? Did they have any second thoughts or fears of not closing? Would they do it again?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Nicolee and her husband were living in their first starter home, before she was a mortgage agent, and it was beginning to feel cramped. She decided they needed something bigger, but her husband wasn't quite on board, so began a purposeful search.

Her friend suggested another friend had a house for sale, although it wasn't listed yet. It was PERFECT! The family wanted Nicolee and her family to buy it, so they had to sell, but the friend who suggested the house for sale, had another friend who wanted to buy Nicolee's current house! What a coincidence! All that was left was the closing dates…did they match up? Nope…but since it was a private sale on both ends, they had some flexibility. How did bridge financing make sure the deals went through? TUNE IN! 

Nicolee is a licensed Mortgage Agent with a level of commitment to our clients that is truly incredible.  You will not find a more compassionate and understanding person out there!  Nicolee works with our clients and lender partners to negotiate the best possible outcome for each client. She manages our files and provides updates to make sure everyone is in the loop and knows where they are at.  She is a major keystone in our ability to offer such efficient service for our clients and realtor partners.

Nicolee serves as our Director of Operations managing the office, team members and any process improvements required to maintain and improve our high standard of service.  She is truly an important part of our team for our clients & creates the work environment in our office that is the most fun.  Whether it is decorating for a birthday or planning a social event Nicolee is at the heart of it all.  

Contact Nicolee:

http://Laframboisemortgage.ca 

Phone: (905) 903-7669

email Nicolee@LaframboiseMortgage.ca

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Hashtags for this episode: 

Steven is a GTA-based realtor who has been helping clients purchase and sell real estate for over 10 years. He LOVES living in downtown Toronto. As his bio says, "I have been living in downtown Toronto with my wife and son selling real estate for a decade now. I love to help people find the perfect property for their needs and see them succeed. Although I'm in a sales position, I believe that real estate isn't about sales when it comes to the client. You're not going to be convinced out of the blue to go and buy an expensive property."

When his parents retired they wanted to purchase another property and had great income. But, they had difficulty getting financing, as the stress test caused lenders to look harder at their applications. Although their current income could easily support the purchase, many lenders are somewhat hesitant to give mortgages out after someone retires. 

Steven was able to help his parents get their next property, and learned some valuable lessons that he can use to serve other clients. 

Website: http://TheInvestedAgent.ca 

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Hashtags for this episode: 

Chris Christian was prepared for this kind of work when buying her dream home. Little did she know that there were all sorts of animals living in the walls, or that she'd find a bag of cocaine during renovations.

Because of this, her reno budget ballooned as they moved from crisis to crisis. That being said, she can laugh about it now, and walk you through the story of her nightmare renovation!

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca
Phone: 289-645-1568 ext 1

Hashtags for this episode: #renovation, #nightmare, #cashflow, #horrorstory, #budget, #mortgages, #DIY, #AsIs, #NeverKnowWhatYoureGonnaGet, #renovationstory

Denise and her husband Gabriel found their dream home, it was the 3rd house they would buy, but it checked all the boxes. Both had a long drive to the office, and could not get to their daycare in time, so looked for something closer. They looked at Markham and other areas, but decided on Brooklin, closer to Gabe's work so that he could pick up the kids. 

They decided it would be a good idea to put in a basement apartment, or accessory dwelling unit (ADU) to help with the cost of their home. As they were checking out houses to buy, they were concerned that many of the listing agents told them it would not be possible to put in a separate apartment. Find out how it worked out, and would they put in a separate basement apartment again?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

What happens typically when a couple separates and they have a matrimonial home? Do you sell and both move? Does one partner buy the other out?

Julie Gill experienced this a few years ago, and had small children that went to local schools, so her thought originally was to buy her husband out so that the kids could stay in their local schools with their friends. This was not going to happen, and the home was too large anyway.

They had a lot of difficulties coming to an agreement on simple things like which agent to use, the price, etc. Lawyers had to get involved and the process became incredibly complicated and personal. But there was a happy conclusion as everyone agreed to sell and move on.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #mortgage, #financing, #refi, #equity, #rentals, #investment, #GTA, #Toronto, #Ontario, #durham, #tenants, #realtor, #rentalhousing

Lina De Rose is a Durham-based lawyer with extensive experience in both estate law and real estate law. In this episode, Denise and Lina chat about estate law and what happens with passing on without a will or with a will. 

How are real estate sales, purchases and transference handled without a will or proper estate planning?

What is the strangest and most challenging situation Lina was involved with? Find out, and let Lina guide you to make sure YOU don't make the same mistakes she's been helping others with for years!

Website: BirchLaw.ca 

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Arsalan is a Toronto-based realtor who decided to move his parents in with he and his family in 2019. They first started investigating buying a larger home, but what he thought they required was $2.5 million and above. 

To be practical, he decided to see if he could build a 550 Sqf addition onto his existing home, but there were many hurdles to jump - first of all seeing if it was possible/permissible in his area to do this.

He decided to hire an architect to do the planning and then do the work. After interviewing a short list, the prices were all over the place. And with COVID happening, materials were hard to find and finding someone to actually be able to do the job was difficult. 

How was his experience with the renovation? Were there any issues, and would he do it again? Yes, and YES! Tune in for all the details on this project, what he learned and how it came to a successful conclusion.

Website: https://www.arsalansiddiqui.ca 

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Sai Lee is a top real estate Mentor.  After many years in the corporate world as an IT consultant.  Sai Lee made the stunning decision to pursue a full time career in the world of real estate investing.  

He learned how to build wealth without using any of his own money, and that was a game changer.

Working with a mentor, he had finally learned the true ins and outs of buying real estate to generate quick cash, buying to hold and generate long term income.

He believes in helping an individual purchase property at 80 cents on the dollar or better will help them change their economic life forever. Learn how Sai's process and method can help you get started with real estate without huge sums of money, and you DON'T have to qualify for any mortgages!

Website: www.FlipRealEstateForProfits.com  

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

KIRSTEN MCGOEY is a Durham-based photographer that specializes in commercial and corporate photography. She and her husband moved from Toronto to the Durham area, and bought a very small 820 sqft bungalow. It had 2 bedrooms and kitchen/bath on the main floor, but wanted to put on some additions, and it was not suitable for her family of 5.

Unlike accessing an LOC to fund this venture, they needed construction financing. They found a builder to help them with their questions, and prepare for the build. Many traditional lenders face higher risk with these projects, so finding financing is typically harder to find.

Because of the scope of the project, a builder would help them with drawings, although they designed the majority of features. The builder also helped determine if the project could actually get done, and figure out a budget.

What did Kirsten learn? Would Kirsten do it the same way again? What advice does Kristen have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Milli Fox and her husband Junior decided to purchase a pre-build 3 bedroom condo, based on plans and thought it would be perfect for their life. Milli had resisted the suburban life, and envisioned a perfect life downtown. By the time the condo was ready and they were conducting their PDI, pre delivery inspection, they had a 2.5 year old and it was one week from closing. They quickly realized that with another child on the way and the need for home offices, this condo would NOT suit their needs. A quick visit to Milli's in-laws house in Whitby confirmed that they needed a free standing home with a basement and a yard. How did they deal with the condo by getting a 1 year mortgage and purchasing a single family home, and what would she have done differently?

Denise mentions in the podcast how many people buy pre-builds strictly off plans, and like Milli, once they take possession years have passed and the condo no longer suits their needs, forcing them to settle with the condo, or sell it potentially at a loss and find something else.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Mohamed Bachani is a Durham Region-based accountant, founder and president of Unique Accounting Services, an Accounting and Bookkeeping firm that helps Canadian small and medium sized businesses with all their bookkeeping, taxation and accounting.

He wanted to move from renting to owning, was pre-approved and had his down payment, but when he came down to purchasing, he wasn't able to qualify for his mortgage with an "A" lender. The bank had not properly screened him, so he actually didn't qualify and shouldn't have gotten the pre-approval. He was self employed through his corporation, and many banks don't like working with self employed persons. What was Mohamed going to do?

This is when Laframboise mortgage got involved and was able to find a "B" lender to make sure Mohamed got that house! The plan was to get a mortgage with a "B" lender for 2 years, and provide relevant income documents for the 2 years and then move to a major lender, which means lower rates and more flexibility!

Contact Mohamed:

https://uniqueaccountingservices.ca/ 

Phone: (905) 903-7669

email mohamed@uniqueaccountingservices.ca

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Michael Durham is a Durham Ontario-based landscaper, that truly enjoys his work. It brings job satisfaction, joy at helping customers enjoy THEIR properties even more, and a salary.

While this is great, Michael always had an eye to the future, and retirement. Perhaps Michael didn't want to depend on the Canada Pension Plan and RRSPs, so he started investing in real estate.

For Michael, the key was multi family homes - where if you lose a tenant, the property is still making money. He also believes in refreshing properties between tenants, to make it a better place, and perhaps it might come with a small rent increase to cover the upgrades. Now he owns 3 properties at age 29.

His goal is to have a few more properties, that will both cash flow to pay down the mortgages, AND appreciate in value over time.

What did he learn? Would he do it the same way again? What advice does Michael have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

ROBINSON SMITH operates Smith Consulting Group Ltd, out of Sidney, B.C, on Vancouver Island. Robinson joined his father, Fraser, at Smith Consulting Group Ltd. back in early 2006 when he returned to Canada from Asia in order to be closer to family (his mother missed him…) and began to take over the family business. 

Robinson has since been advising hundreds of families on the implementation of The Smith Manoeuvre ™️ and there is no one better positioned to continue with the firm's mission statement.

What is "The Smith Manoevure"?

In a nutshell, The Smith Manoeuvre ™️ employs refined and proven debt conversion techniques to transform mortgage interest into tax deductions. The method has a remarkable snowball effect that generates large and growing annual tax refunds, and enables the homeowner to knock years off the life of a non-deductible mortgage and build an impressive financial portfolio at the same time. It is the most efficient way for families to raise the resources they need to secure both their house and income in retirement. The Smith Manoeuvre ™️ uses the legal tools of the CRA and Canadian Financial institutions. It has been reviewed by Revenue Canada staff, and endorsed by respected financial experts and economists, investment planners, and lenders.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

KAELEIGH NADEAU is a Durham-based designer and renovator that found a great 2nd investment property.

The house was cute, but it was currently tenanted and was dirty, which make it harder to see the potential. She did a walk through and as a designer, could see what she wanted opened up, and what was to be closed off.

Were there horrors lurking behind the walls? Yep, wiring, etc. but she dealt with them, as she does most days for her clients.

What did Kaeleigh learn? Would she do it the same way again? What advice does she have for others considering the process? Does she have regrets?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

There are so many decisions to factor in when buying a house - how much is the downpayment, is it in a good school area, restaurants, walkability, distance to work, pressure from family and friends…how does this play out in reality?

Sometimes buying a house doesn't factor in to our day to day decisions. We're too busy planning weddings, enjoying life that when we try to think about buying a house, we discover there's a lot to learn!

Chris Lyn hadn't even thought about buying a house. He was planning all the details of his wedding, and when he decided to buy, he and his wife couldn't afford the dream house in Toronto. Some of his friends had moved to Stouffville, Ontario, and he sort of joked why would they move so far. After looking around, his agent suggested they expand their search and found a fixer-upper in Stouffville. His friend laugh at the fact he ended up there.

What did he learn? Would he do it again? Why would he buy a second property in the same area if he had to do it again. Tune in to hear Chris share his story of triumph and adversity, and where they went from this first purchase.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Samuel Springer is a Durham Ontario-based insurance professional, that truly enjoys his work. And although he was a homeowner, BEING a homeowner doesn't bring him joy.

After a few issues and some leaks, Samuel and his wife decided to sell their condo and rent a property instead.

One of the 'pros' is, when something goes wrong, you pick up the phone and someone else takes care of it. One of the 'cons' is that you just can't do what you want with the property without permission. Tune in to find the rest!

What did he learn? Would he do it the same way again? What advice does Samuel have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

You want to be a real estate investor…perhaps you already own a few properties, but do you have a good handle on the finances of your investments? What can be written off? What can't be? Can you pay your self as property manager? Is my HELOC deposit taxable?

MIKE LIBBY is a Durham-based Chief Operations Offices of Your bottom Line, an accounting firm that works with many self-employed persons and investors. Whether it's personal income or corporate entities, Mike can help you figure it all out, to make sure you are getting the most money back, and not paying more than you have to.

In this podcast, Mike shares some of the stories in his many years of helping others, and Denise asks some specific questions from an investor perspective.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

TANJA COUGHLAN is a homeowner that wanted to purchase a new build and either rent it out or sell it, after the 2-3 years it would take to build the subdivision. They had been thinking of purchasing another property for some time, and  put a small deposit on it initially, then the balance of $20,000 and waited for it to be completed.

When offering rental properties, one of the things to expect is that some tenants will not treat the property like their own, so this may lead to things being replaced/repaired more often. Some tenants will and will add value to the property with minor improvements, fresh painting, landscaping, etc.

It was stressful, perhaps even more stressful than purchasing a new build, as you are waiting for it to be completed, and also figuring out how to be landlords. As well, it is sometimes less stressful to buy a new build so that you're not competing with many others for the same property.

What did Tanja learn? Would she do it the same way again? What advice does she have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Deborah Schroeder and her mom lived in 2 different cities - Deborah downtown Toronto, and her mom in Ottawa. Her mom wanted to downsize, but didn't necessarily live alone and wasn't sure if she wanted to see her house. Deborah loved her condo, but wasn't sure she'd be able to keep it.

They decided to move in together, but in Whitby, so that Deborah could continue to work in Toronto. They looked at a few places, and Deborah is happy they didn't buy the first few, but they kept looking until they found the house that would suit both of them. Now her mom can age in place with family.

Deborah asked if she needed to sell the condo and didn't, so now she has a tenant who is 'paying the mortgage' down, which provides a little income as well as building the equity in the condo FOR her!

What did she learn? Would she do it the same way again? What advice does Deborah have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Alex Wilkins and his wife decided that they equity in their home was not being put to good use.

Alex had decided to set up his own business, and needed start up capital to ensure a smooth start. They were surprised how much equity was in the the home, and they had to decide how much they actually needed and whether they could use funds for other purposes. As Alex and Denise discussed during the podcast, many people refinance to pay off higher interest rate debt; start a business; use the equity during a period of unemployment or maternity leave, among other things. They also discussed a remortgage vs just a line of credit.

What did he learn? Would he do it the same way again? What advice does Alex have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Brady Bodley is a Durham-based lawyer with Thomas Efraim LLP. He has much experience with the landlord tenant board, for many reasons. He's here to discuss many of the challenges he's seen, how COVID made hearings more challenging, and some of the good things that the LTB does here in Ontario.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

With a wealth of experience spanning back to 2002, Lyndsey McNally from Condominium Lending Group boasts an extensive background in the condominium sector, where she has dedicated her efforts to supporting the success of the communities that she works with.

Lyndsey is the current President of the Toronto & Area Chapter of the Canadian Condominium Institute, volunteering her time extensively to improve the condominium industry. She also volunteers in other areas of residential housing such as municipal property standards appeals and affordable housing, acting as Chair for both the Ajax Municipal Housing Corporation and the Town of Ajax Property Standards and Animal Services Appeals Committee.

As the subject matter expert, course designer, and faculty instructor at Humber College on the subject of Financial Management for Condominiums, you can rely on Lyndsey to bring an education-focused approach to her work with condominium communities.

Website: https://condolending.com/our-team/lyndseymcnally/

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://DeniseLaframboise.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Ian Gibson has been a Durham-based real estate agent for quite a long time. His speciality is helping people consider and make a move out of big cities into more rural homes. His experience with rural properties and how they are appraised makes the transition much easier, as well as having experience with amenities in a client's new area helps out tremendously! He has worked with Laframboise Mortgage on a quite a few occasions, so he joins Laframboise Mortgage to chat about their times working together, and how they can both help clients maximize their investments, and also how now is a great time to invest!

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

George Dube, an accountant from BDO that specializes in Real Estate, but has a deep background in tax administration, joins Laframboise Mortgage to chat about the importance of how to start investing, and why an accountant in the beginning can be your best friend and helper. Are you going to buy 1 investment property, or 100? Do you need to incorporate or can you do it under your own name? Is it easier to buy an additional single family property, or a multiplex? George provides some dos and some don'ts, mistakes that he's aware of, as he owns 100's of doors, many that are a mix of residential and commercial. 

Website: https://GeorgeEDube.com 

Email: gdube@bdo.ca 

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Jessica Waiting is a Pettawawa-based real estate agent specializing in helping military and government employees move - either to another town or across the country. As a military spouse, she understands the challenges of moving. Growing up as a military family in the area, she and her husband are now raising their children in the Upper Ottawa Valley.

Government employees are given 1 week - a 'house hunt' week to find, see, inspect and make an offer on a new property in 5 work days - FIVE! Jessica specializes in virtual tours, as she says 'getting down on our hands and knees to inspect baseboards, and is quite familiar with time sensitive services to people requiring a new home in a very short frame of time. 

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls.

We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: experts@laframboisemortgage.ca 

Phone: 289-645-1568

Brady Bodley, lawyer with Birch Law, joins Denise in discussion of the new Federal Anti Flipping law, coming into effect in January 2023. What does the bill aim to accomplish?

The Canada Revenue Agency (CRA) has already been investigating and enforcing residential real estate that was being flipped or assigned and not properly reported as business income.  Essentially, house flippers have been using the Primary Residence Exemption to avoid or reduce taxes.

The new tax law puts an end to using the PRE as an option and will flat-out disallow the use of the principal residence exemption to shelter the capital gain realized on the sale of your home if you've owned it for less than 12 months.

Essentially, under the new tax law, anyone who sells a property which they owned for less than 12 months (specifically, 365 consecutive days) will be considered to have "flipped" the house and any profits from the deal will be taxed as business income. This will discourage quick flips for profit, which tend to inflate housing prices.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

CRISTIN TEDFORD is a Durham-based realtor that decided to advantage of the equity in her family home to purchase another property, to eventually help her kids have a place to live.

Was it easy, was it a hands-off investment? No, but there is no other single investment vehicle that gives you the control and flexibility that real estate offers.

Did she have problems with tenants? YES! Did it last forever? No, once she got her screening process refined, it was smooth sailing. And Cristin shares many other lessons learned and tips/tools to help you succeed in real estate investing!

What did Cristin learn? Would she do it the same way again? What advice does she have for others considering the process? And Cristin has TWO regrets involving real estate, that you'll have to listen to hear.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

There are so many decisions to factor in when buying a house - how much is the downpayment, is it in a good school area, restaurants, walkability, distance to work, pressure from family and friends…how does this play out in reality?

Sometimes we are SO eager to get a house, perhaps our first house, that these factors collide to add additional pressure for likely one of the biggest purchases in our lives, which can lead to doubt, anxiety, fear of losing out, or more.

Kumssa Hassan and his wife found themselves in this very situation - bidding on a house at the peak of its value, due to bidding wars, and ended up overpaying. In fact, they bought in April and moved in June, and the house was worth $50,000 LESS than when they bought it a few months earlier!

What did he learn? Would he do it again? What about those family members and friends telling him to 'buy now' or 'wait!'? Tune in to hear Kumssa share his story of triumph and adversity, and where they went from this first purchase.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Have you been to an open house or a house viewing and were wowed by how neat, tidy and organized the house was? Chances are it was professionally staged. We all get busy day to day and leave our homes a bit unorganized, but that can be a deal killer when you're trying to sell your home. Many people can't see past the clutter, or they notice your throw pillows are a bit worn, or perhaps the entrance needs a new coat of paint. A professional stager will notice all those details and help you deal with them before showings so you MAXIMIZE your offers. 

Farah Dhalla-Singh is a natural designer. After staging and selling her first home she knew she had a knack for decorating homes to sell for the highest possible value. She received such great feedback from her first 'project' that she was asked by family and friends to do the same for them. Each project lead to another as all the homes she staged sold either very quickly or quickly AND over asking. She recalls staging one home that received 22 offers and sold for $100,000 over asking! Now, more and more people are using Farah with A Lady's Touch to stage their homes.

A Lady's Touch is in the business of creating higher value spaces. We specialize in unlocking the potential in your property through our spectacular property styling and turn-key furniture packages. We can help you increase the value of your property through presentation, functionality and appeal. Even though we have a great time property styling – we are also very serious about our business, what we deliver and the results our clients ultimately receive. Our vision is to be known across the Greater Toronto Area for vibrant and edgy home staging.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Tanya Sanza and her husband wanted to upsize, and spotted a new subdivision near where they lived. They were currently in a 1000 SQF home, and wanted something a little bigger. This was going to be their 2nd new build that they purchased.

While some buyers of new builds are distracted by the nice finishes and sweeping staircases, Tonya has developed a refined eye as a real estate agent, and made sure practical things like where the outlets in her kitchen would be place took priority.

Buying a new build gave them the opportunity to modify the plans for their home, and have regular check ins about design and function. One of the biggest challenges was only have a short time to decide on finishes!

The financing also was a little unique as you'll learn in this informative podcast, as well as Tarion warranty challenges.

What did she learn? Would she do it the same way again? What advice does Tanya have for others considering the process?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Gary Hibbert had consolidated his credit cards three times on his home mortgage before deciding enough was enough, while working a full time job, where someone ELSE controlled his advancement. A co-worker discouraged him from getting into real estate as, 'you don't want to deal with tenants'. Gary and his wife bought their first rental property and made SO many mistakes, before seeking out mentors to help them do it the RIGHT way.

Gary now has many investment properties, has his own podcast, takes July, August, December and January off each year, so he considers himself semi-retired instead of waiting until 65! He also has an investment club that teaches others to avoid the mistakes he and his wife made, to accelerate their success in investing, and now THEY are in control of their destiny.

Gary really isn't excited about real estate investing - as he says, "Who wants to deal with tenants, and leaking roofs, and plumbing repairs?!" But it has allowed them to have the lifestyle they want!

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls.

We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise: Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #investing, #2ndhome, #landlord, #propertymanagement, #empire, #mortgages, #smarthomechoice, #investor, #creditrating, #realestate, #gooddebt, #lifestyle, #rental

Arlen Ekstein, Senior Associate at Tembo Financial, joins Laframboise Mortgage to discuss mortgage funds known as private mortgages. Unlike an A lender like a bank, or a B lender like other institutions, a private mortgage is usually put together with investors pooling their funds, to lend out to purchasers. Unlike the banks, the rules and restrictions can sometimes be easier to obtain financing for a purchase. Nicolee and Arlen touch on many of the pros and cons or private lending, and how YOU can take advantage of this powerful lending tool if you need it.

Website: https://Tembofinancial.com 

Email: info@tembofinancial.com

Join host award winning mortgage broker Denise Laframboise as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories!

To get in touch with Denise:

Web: http://LaframboiseMortgage.ca

Email: mortgage@DeniseLaframboise.ca 

Phone: 289-645-1568 ext 1

Uchechi Ezurike-Bosse graduated from university and got a job with an above-average salary, which in her own words is rare, but also had a student loan. She wanted to buy a property but didn't have the down payment saved, but the concept of renting was like 'giving money away'.

She saw an ad for a builder that was offering Rent to Own - an opportunity where the builder gives you credit for a percentage of your rent if you buy the condo after the first year, and a much smaller amount if you buy it after the second year. Since her sisters owned condos in the same building, it seemed like a good plan. Once Uchechi ran the numbers, the rent that would be applied to her down payment was almost 80%! Tune in to hear the good, bad and maybe ugly of this type of real estate transaction.

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

To find out more about Uchechi:

Web: https://www.myempoweredliving.com/

Hashtags for this episode: #renttoown, #condo, #downpayment, #condoforone, #budget, #mortgages, #starterhome, #firsthouse, #firsthome, #realestate

Cindy Sgroi and her husband bought an old home in Whitby and loved the lot, but decided to build an addition and a garage. It started as a big project and got even bigger!

They went from a 1000 sq ft bungalow to a 2500 sq ft home with a 4 car garage. They love the character the 'new' house has, and they enjoy it more than they would have had they torn the old one down and rebuilt.

Cindy is also a real estate agent in Whitby, and this experience likely has helped her clients considering the choice whether to move or renovate.

What did she learn? Would she do it the same way again? Did she enjoy working with the architect? How much input did they have?

Join host award winning mortgage broker Denise Laframboise each week as she brings the good, the bad and the just plain ugly in real estate transactions, as told by real people. Success stories and tips on how to avoid the same pitfalls. We'd love you to please like, subscribe, follow and share these amazing stories.

To get in touch with Denise:

Web: http://DeniseLaframboise.ca
Email: mortgage@DeniseLaframboise.ca 
Phone: 289-645-1568 ext 1

Hashtags for this episode: #renovation #bungalow, #addon, #real estate, #DIY, #addition, #GTA, #doitagain,