Investing registered money

[MarkTorgerson]

I will be purchasing some registered investments this year. Only because I need the tax deferral for some other capital gains. I have no shortage of investment "specialists" offering me advice. I am looking for feedback on how other investors are investing registered money into real estate. I'm not too keen on having it tied up for multiple years on someone else's project. Possibly some recommended MIC's?

I would preferably like to purchase more property myself with this money but is difficult when it is in an RRSP. Suggestions?

 

[Thomas Beyer]

Our website has some articles on MICs (in a blog) and an overview in our drop down-menu on real estate in your RRSP.



REIN frowns upon folks positing links to other websites so I will not do it. An easy find & click.



Many options exist.



Don't buy real estate based investments if you think of holding 5 or less years as the timeframe is too short. ETFs and REITs exist for that with associated volatility.



Some MICs yield 8%+ but the underlying capital may be eroded. The higher the ROI the higher the risk (construction, in second or third position, smaller towns, high interest rate first etc.)



Look for a return OF your money before you look at a return ON your money.

 

[MarkTorgerson]

[quote user=ThomasBeyer]Look for a return OF your money before you look at a return ON your money


Thomas, I couldn't agree more. The only time I have lost money in real estate is when I invested into someone else's project. In fact, I lost my entire investment. This is why I like relying upon my own expertise for purchasing real estate. Unfortunately, this option is minimized when dealing with registered money.