#121: Mortgages, The Middle Class and the Life of an Entrepreneur w/Daniel Patton On this week’s show Gary chats with good friend Daniel Patton, cofounder of BM Select mortgage broker. He and his lifelong friend Dave Butler started in the mortgage business before Daniel knew what a mortgage was! Their award winning business has helped thousands of people buy investment properties, while growing the business at a record breaking pace. What has Daniel learned over the years that benefits his clients? WHAT YOU’LL LEARN: How Daniel and Dave Butler started in the mortgage business, which is BM select Why he got into mortgages, even though he didn’t know what a mortgage was Some of the mistakes they made along the way The hardest part of the RE transaction Interest rates and where they are going Inflation Market predictions Joint ventures and what the banks don’t like to see What the middle class don’t see coming Private lending The pivotal point that brought Daniel to where he is today The role of leadership, and how he transitioned into one Mortgage structures, debt ratios and tax implications Refinancing Why being debt free and mortgage free is good, but what is your money doing for you? What ‘smart’ money is doing these days And MORE! Daniel’s Bio After graduating college with high honors, Daniel Patton teamed up with his childhood friend Dave Butler and in 2004 they began their careers together in the mortgage business. After winning the "National Rookie of The Year award" in their first year as Mortgage Agents they quickly translated that success into growing a Top 5 ranked team at Mortgage Intelligence where they started.  In 2011 they formed Butler Mortgage. Daniel specializes in Mortgages for real estate investors and clients looking for long-term strategic planning.  He routinely ranks amongst the top 20 mortgage agents in Canada (as per CMP magazine), and his team was responsible for funding over $400,000,000.00 in mortgage volume in 2019 and $503,000,000.00 in 2020. Website/contact info for guest Web: https://bmselect.ca Instagram: @BMSelect Facebook: https://www.facebook.com/BMSelect This episode proudly sponsored by BM Select - https://bmselect.ca Are you looking to become a millionaire through real estate investing? Then BM Select is for you! BM Select has helped more people become millionaires over the past 15 years than ANY OTHER mortgage broker in Canada! BM Select focuses on working with Real Estate Investors who are looking to begin or expand their portfolio, as well as specializing in working with customers that are engaged with our host of Realtor contacts across Canada. At BM Select we offer strategic mortgage solutions with dedicated Agent Support along with leading-edge Underwriting and Fulfillment Services that allow you to sleep well knowing your mortgage transactions are being handled by top quality professionals. Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from! Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca To learn more about Gary’s mentorship program, visit https://garyhibbert.ca