Doug Crowe

"We're looking to add value for the broker, and on our side to allow for differentiation in the marketplace," says Doug Crowe, RBC Mortgage's regional president of wholesale lending.

Doug Crowe, president of the Chicago-based Springboard Group, which teaches real estate investing, offers the following formula:

For short-term investors who plan to buy, fix up and sell their properties right away, he uses the after-repair-value formula, or ARV.

Doug Crowe
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Doug CroweNational Vice President of WholesaleRBC Mortgage Company

Doug Crowe is regional president of Wholesale for RBC Mortgage Company.In the newly created position of regional president of Wholesale, Croweâ€" a 15-year veteran of RBC Mortgage's parent company, RBC Financial Groupâ€"will be responsible for managing RBC Mortgage's wholesale sales force nationwide.

During eight years of his tenure at RBC, Doug was director of sales for RBC Funds, the company's mutual fund arm.In addition he served as director of RBC Investments, held the position of officer for RBC Investments Financial Planning division and served on the RBC Investments Compensation Committee.Doug has an MBA from the Richard Ivey School of Business in London, Ontario.

Doug Crowe, president of the Chicago-based Springboard Group, which teaches real estate investing, offers two formulas for prospective investors.For short-term investors who plan to buy, fix up and sell their properties right away, he uses the after-repair-value formula, or ARV.

Doug Crowe, president of the Chicago-based Springboard Group, which teaches real estate investing, offers two formulas for prospective investors.For short-term investors who plan to buy, fix up and sell their properties right away, he uses the after-repair-value formula, or ARV.
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For long-term investors who plan to hold the property, Crowe uses the capitalization-rate or cap-rate formula.The cap rate is defined as the ratio of yearly net income to the value of the property.
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While higher mortgage payments would change the return on investment, Crowe says, "It doesn't change the cap rate."

If you're selling a property, says Crowe, "It's better to have a buyer willing to accept a lower cap rate.
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"In the Midwest region a cap rate of 7 percent or 8 percent is considered good," says Crowe.

On the coasts, a cap rate of 6 percent is more common.A decade ago a 10 percent cap rate was customary, says Crowe, who offers real estate investment advice on his Web site www.dougcrowe.com.Crowe has invested in real estate for about 19 years and taught investing in Chicago for about five years.

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Doug Crowe Named Regional President of Sales

All three will report to Doug Crowe, vice president of RBC Mortgage, Wholesale Division.
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"These newly-appointed managers bring a wealth of experience and will be great assets as we continue to expand our wholesale services throughout the country," added Crowe.

RBC Mortgage Company recently appointed Doug Crowe to regional president of sales.

Doug Crowe - Manager GTR Mortgages, RBC

A winning combination: From back left: Cheyne Crellen, Brett Hansen, Doug Crowe (President), Matt Hislop, Ryan Chappell, CJ Naysmith, Michael Hodder, Corey Slater.