In this engaging episode, Len Lane welcomes back Cheryl Wilkes, an award-winning mortgage broker and real estate expert. Cheryl shares her extensive experience managing rental properties, including the challenges and rewards of being a landlord. From dealing with problematic tenants to navigating property management companies, Cheryl offers invaluable insights for both new and seasoned investors.
The conversation also delves into the often confusing topic of Holdcos (holding companies). Cheryl explains the pros and cons of setting up a Holdco for your rental portfolio, including tax implications and lender options. She emphasizes the importance of consulting with an accountant and setting realistic expectations for potential investors.
About Cheryl Wilkes
Cheryl Wilkes is a distinguished mortgage broker with over a decade of experience in the industry. As one of the founding members of Brokers for Life, Cheryl has earned accolades for her exceptional performance, including recognition as Broker of the Year multiple times. With a background in sales and a passion for client advocacy, Cheryl brings a unique blend of expertise and enthusiasm to her role. Her commitment to excellence and dedication to client success have solidified her reputation as a trusted leader in the mortgage community.
Resources discussed in this episode:
--
Contact Len Lane | Brokers for Life:
Contact Cheryl Wilkes:
