#183: Daniel Patton & Lorenz Podda - How To Survive This Real Estate Market

<p><strong>#183: Daniel Patton & Lorenz Podda - How To Survive This Real Estate Market</strong></p> <p>On this episode Gary chats with Daniel Patton & Lorenzo Podda from BM Select. No backstory, this podcast is to help you survive this market that changes almost daily. If you are an investor, POTENTIAL investor or are concerned/ worried about your portfolio, or if THIS is still a good time to buy, you can't miss this one!</p> <p> </p> <p><strong>WHAT YOU'LL LEARN:</strong></p> <ul> <li>What is the Prime rate</li> <li>What is the Bank Of Canada rate</li> <li>What is the overnight rate</li> <li>What is a trigger rate</li> <li>The difference between fixed and variable rates</li> <li>What is an adjustable rate mortgage</li> <li>What's happening and what you should pay attention to in the bond market, and how it impacts rates</li> <li>How much higher they think the rates will go</li> <li>Is now the right time to turn your HELOC into a mortgage</li> <li>What they see other investors doing now to structure, de-leveraging or selling</li> <li>Are Vendor Take Backs (VTBs) a good option right now</li> <li>The mindset you need to put yourself at ease right now in this market</li> <li>What is happening with prices and inventory, and is this a good time to buy</li> <li>And MORE!</li> </ul> <p> </p> <p><strong>Bios</strong></p> <p>Daniel Patton has worked in the mortgage business for over 18 years and has established himself as one of the top mortgage agents in Canada.  Along with his business partner Dave Butler of Butler Mortgages, Daniel has helped grow BM Select into the number 1 brokerage for investors by working closely with his clients on a day to day basis. </p> <p>Whether it be a self employed investor, first time investor or seasoned veteran looking for ways to acquire more properties, Daniel and his team have years of experience planning and strategically helping investors from all areas both inside and outside of Ontario.</p> <p>"Investors, much like houses come in all different shapes and sizes,  We must adapt to t