Making your RRSP Port folio working for you in Real Estate .
by Martial and Danielle
My wife and I are in our mid 50's.
She is 3 years from retiring from a teaching career that she loved ( and still does) all her life!
I have been in the private world of Civil Enginnering.
We still have under our roof our 18, 20 and 23 year old siblings and a grandson...full house!
We finally took a giant step...a small condo as an investment property and also for our daughter and her son...under our HELOC arrangements with our principal residence.
I have managed over the last 20 years of contributions ( good years/bad years) to accumulate a modest sum in RRSP. Over the last 2 years, with our newly found Financial advisor, I have more systematically contributed $1200 monthly. Via my work, $400 monthly with the company matching to an upset limit of 5% of gross income...but also added as income! In all, I have +- $200,000 accumulated.
Is there a way this can be used as a leverage with this or future Real Estate investments???
We are tempted to reduce/stop RRSP contributions and re-direct towards Real Estate investments!
By the way...
I have introduced two couples of friends, with some experiences in investments and mortgage brokerage, as well as our Financial advisor, to your Web site and to your book.
We are looking forward to your 90minutes Seminar in Ottawa this Fall.