RESP invested in real estate as a down payment??

[LAndersen]

Is there any way, similar to RRSP's, that one can use RESP money to invest in real estate?

 

[Thomas Beyer]

You cannot withdraw it. It is for YOUR KIDS.



You can buy REITs or MICs or trust units in some private or public firms.

 

[LAndersen]

Can you use it as part of a JV at all?

 

[Thomas Beyer]

[quote user=LAndersen]Can you use it as part of a JV at all?
you can cash out and pay back the 20% government subsidy.



No, you cannot use it for a JV.



You may be able to borrow, using assets as collateral !