Today we have my friend Saurabh Singhal who is a real estate lawyer and litigation specialist out of Mississauga, Ontario.
Saurabh services some of our clients and a whole lot more investors from the general public so he’s seeing first hand the financial difficulties that speculators and private lenders have put themselves into.
Saurabh himself is working on 32 files for power of sale, meaning the borrower is in default and the lender is forcing sale to repay the debt. We also discuss lessons from many 2nd mortgages gone bad.
To my 17 listeners, please do extra due diligence out there when vetting partnerships and private lending. There are exit scams going on where gurus are looking to raise capital while already bankrupt or approaching bankruptcy.
At the same time, fear is high and the time to be greedy is good timing. As always, my preference is to invest in assets I control in the markets where I’m an expert and recommend my clients do the same. If these 32 investors in power of sale were to have followed my advice this all could have been avoided. All they had to do was listen to this podcast which is available for free…
Unfortunately they didn’t and it will be my clients looking to buy distressed properties like we already are.
Feel free to reach out if you do enjoy working with professional service providers such as my team and we can get you investing like a professional and all we charge is Realtor commission which is paid by the sellers anyways.
Saurabh Singhal is a returning guest of the show so we did cover his journey to move his family to Canada, transition from a crown prosecutor in India to become a Canadian lawyer. I recommend checking it out as the story is an inspirational one.
Please enjoy the show!