Thank you! Do you have any suggestions as to what might be a better investment other than apartment buildings - without too much risk (I know that is subjective)
I'm trying to figure out how best to invest our money after we refinance so it just doesn't sit in the bank doing nothing
A loaded question worthy a PhD for a good answer - and well beyond the scope of a single blog entry.
What do you think financial analysts do all day?
What’s better? Tesla or IBM shares? BitCoin, Ethereum or Cardano ? High tech stocks like Apple or Netflix or value plays like Walmart or Telus ? A commercial strip mall or a hotel? A REIT or a duplex? A house in a smaller town or in West Van? An apartment building in AB or ON ?
What’s low risk to you? An apartment building in all cash or 50% LTV mortgage ok? 75-80%? A building less than 10 years old or older than 25 years ok ?
If I knew these answers I’d tell you. And I have done only 1/4B of real estate transaction in over 20 years. Others have far FAR more expertise and still ask themselves this very question daily, often with 3 to 5 more 000 attached to your $ figure - yet still fail or lose money on occasion.
I’d buy a SF home or two with 3-400,000, in a scenic town in BC or ON, or in AZ, TX or FL - ie immigration cities with upside. Or a TH. Or a duplex. Or a REIT. Or covered calls. Or put spreads. Or gold. Or Bitcoin. Or a small (or a large) apartment building. Or lend directly or via a MIC. Or bank stocks. Or ETFs with a yield. Or a piece of land and sub-divide. [ btw I did or still do all these but can’t honestly tell you what’s better or lower risk ]
Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com