Can any one out there help me. I have rrsp that are doing terrible and have been for a while now. I would like to invest them in real estate, but am confuses as to how. Is this a good idea and where can I find solid information?
Here is a link to a thread that will give you some thoughts and ideas.
RRSP Discussion
You may also want to use the Quick Search link on the top of this page to search for "RRSP" to see what else is being discussed on this topic.
Ronda, if you still have questions after reading the discussion Don recommended feel free to contact me and pick my brain as well. It`s not as intimidating as it may seem.
The simplest way to invest your RRSP`s in real estate is to hold a 2nd mortgage in a self directed RSP account at TD Waterhouse(Canada-wide) or another company that provides that service like Olympia Trust(Western Canada based). All real estate investors have their reasons for using the different companies.
This however is truly a mortgage backed security and not a real estate investment. You can get a good consistant return upwards of 15% from some investors depending on their numbers of course.