Real Estate Investment..
Jump to Page:
< Previous [ 1 ] [ 2 ] [ 3 ] [ 4 ] [ 5 ] [ 6 ] [ 7 ] [ 8 ] Next >
BV talked about REITs earlier in some other post (search CD's financial planning section). I was told that they may not give better returns than one's well managed physical properties. I totally agree with this point.
I was advised by one expert to look closely at REITs' distribution vs. earning yeild and distibution vs. cash flow. Expert's reasoning, REIT cannot pay more than what it is making and smaller distribution to cash flow is better. I was also advised diversification, and to buy a basket of different REITS.
My idea was to save income tax by investing some amount in RRSP.
After consulting my qualified financial advisor, I settled for a better product for my RRSP.
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Thanks Big V for your painstaking answer in great depth.
I did speak to couple of people who are doing it for some time time and they pretty much have told me that it is best to have a corporation book the condo. Corp is made up of 2/3 people pooling togetther for better redundency.
At the time of full payment, one can either pay in full, assume ownership and put it up on sale or take a mortgage which most likely wont be required for more than 2/3 months as attractively priced condos in prime locations can sell fast.
A realtor is not required in either case.
"Please understand, my objective is to help members with correct, honest advice and to guide them to work with the industry professionals. There are so many out there"
that in plain English means that you are promoting services of realtors on this board Amit. That is different than contributing on a message board
Quote:
Originally posted by Gapodi
"Please understand, my objective is to help members with correct, honest advice and to guide them to work with the industry professionals. There are so many out there"
That in plain English means that you are promoting services of realtors on this board Amit. That is different than contributing on a message board
Gapodi, you also said:
Quote:
Thanks a lot for the time taken to explain Amit. That is an example of what a response should be like. Much appreciated.
So what's the harm? Promoting my other colleages or industry experts in their repective fields (financial planners, mortgage brokers, lawyers etc.) is the right way to go.
There are also many real estate investors club in Toronto, that one can join to learn more. Again, to become a member of some of these elite clubs one has to pay to learn (courses are not free though)
To learn the business, even Realtors or many other professionals also volunteer their time, some become apprentice to an expert.
I often work with investors. And below is what I have learned about them from my real life experiences.
Smart individuals always believe in working with professionals and paying them well, Why? Because if, the people are true professionals, their services will make the former money. They love to see when their brokers make a lot of money. Because it usually means they made a lot of money.
Another important aspect of life, "little knowledge is always dangerous".
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Location: Canada-Glorious and Free
Posted on: 19-11-07 10:39:17
Quote:
Originally posted by desi_driller
Experts,
How are private REIT ? I saw few promising to offer return upto 15%. Are they safe ? Any first hand experience??
We live in an open market. The only reason you can get 15% return is if the investment carries that much of a risk. I think I've seen those ads too. My motto is ; If it's too good to be true, it probably is.
Stay away.
I talked about REITS. Generally, the returns in a REIT are lower than owning ones own property. See page three of this discussion.
V
Location: Canada-Glorious and Free
Posted on: 19-11-07 10:57:17
Quote:
Originally posted by Gapodi
Thanks Big V for your painstaking answer in great depth.
I did speak to couple of people who are doing it for some time time and they pretty much have told me that it is best to have a corporation book the condo. Corp is made up of 2/3 people pooling togetther for better redundency.
At the time of full payment, one can either pay in full, assume ownership and put it up on sale or take a mortgage which most likely wont be required for more than 2/3 months as attractively priced condos in prime locations can sell fast.
A realtor is not required in either case.
Listen, I respect Amit as a realtor. And I respect realty brokerage as a profession. So I recommend getting a realtor. Even today, with the experience I have, I could buy and sell properties without a realtor or even a lawyer (barring escrow commitments etc), but I still use both - WITHOUT FAIL. You know why? Because the right realtor and the right lawyer, form a team that helps you protect your investment, remove roadblocks and warn you of pitfalls. Not a single deal I have done is similar to the next. The trick is to find good ones.
As for forming a corp to buy and sell properties - good idea. Only issue there is the regulatory requirements are pretty stiff. A partnership can work to mitigate risk just as well.
As for paying cash at close (- this is where an agent would have guided you -) I don't see the reason. Interest and related costs are deductible at tax time. Also in an up market - use the power of leveraging to multiple your your income.
V
Oops!
Big V just proved what I said about smart investors. 
-----------------------------------------------------------------
Amit Kalia, Broker, REALTOR®
RE/MAX Real Estate Centre., Brokerage
independently owned & operated
100 City Centre Dr, Unit 1-702
Mississauga, ON L5B 2C9
Phone No.: 905-339-5111
Website: https://www.realestate-ontario.com/
Condo Blog: https://condopundit.com/blog/
Hi,
Has any one invested in commercial real estate here ? What are the pros and cons against residential real estate ? From a broad perspective, how are the prospects? including investment, rent, tax, maintenance etc..,
Alternatively, how is to invest 20% down payment on a second home and rent both main unit and basement around Brampton where a 3-bed detached home with basement cost around 320-330K expecting the rent to cover the mortgage. I think some of the CDs have invested in second home. Cost benefit analysis? though I couldn't expect a return from income perspective but the cost of land and appreciation of the house in 10-15 years when it could possibly be paid off.
Thanks in advance.
-----------------------------------------------------------------
The cowards never started,
The weak died on the way,
Only the strong arrived.
http://www.youtube.com/watch?v=_yK1i9cLAMM
