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Real Estate Investing with RRSP's
26 Sep 2006
Don't you just love finding money where you didn't expect it? Real estate investing with RRSP's is a whole lot better than finding a twenty dollar bill in your old jacket, and much more profitable!
We have to start thinking like the bank and realize that profit is not a dirty word. We put our funds into a safe savings account at the bank and they go about investing it while giving us a ridiculously low return on those funds. Why not skip the middle man and do the investing yourself? Your first thought will be "I don't have that kind of money!". That is where your found money comes in. If you have Self Directed Registered Retirement Savings Plan money you can use it as funds for a mortgage or investing loans with a far better return than the bank will give you.
You can put up a second mortgage loan on a property and realize profit in the form of up to 15% return on the use of your money. You don't have to buy the property yourself but rather use the mortgage loan as your form of investing and let a sophisticated investor do the rest. The Alberta Real Estate Investment Network is a good place to find a reputable investor so that you can start seeing a healthy return on your funds.
Property investment in the form of a mortgage loan is a good way to make a profit far better than your savings account will give you. You owe it to yourself to look into it.
Rhonda Hoffman
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