RRSP for Real Estate

by Kevin Dixon
(Queensville ON)

We are looking to invest in Real Estate but do not have access to any money but do have RRSP money?
How do we use it so that it will not be taxed?
Thanks in advance for the info
Kevin

Comments for RRSP for Real Estate

Click here to add your own comments

Nov 17, 2010
RE: Using your RRSP to invest in Canadian Real Estate
by: Tom Karadza

Hi Kevin from Queensville!

Some banks (e.g. TD) will allow you to invest your RRSP money into "second mortgages" on real estate.

For example, if you find a solid person with good equity in their property looking to extract cash from their property but can't do it b/c the banks don't like them at the moment (maybe a dentist looking to expand and buy more equipment).

You can lend them money on that property as a "second mortgage" from your RRSP and earn interest.

We know that many lawyers and brokers lend their own money out this way.

There are fees you have to be aware of and you obviously want a good property, a good person to lend to etc.

Find a good mortgage broker who does this ... they exist.

Tom.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Submit A Question.

                  

  Some Cool Free Stuff...

  Step 1:

Grab a free digital copy of our real estate investing book, Income  For Life For Canadians, right here. This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.

You'll also receive our weekly [Your Life. Your Terms.] email newsletter with the latest investing updates and videos.


  Step 2:

Free Weekly Investing Videos & Articles: Get the latest updates and join the over 10,000 other Canadians enjoying the weekly [Your Life. Your Terms.] email newsletter. The email is sent out each Thursday. And as a little bonus we'll give a FREE digital copy of the book, Income For Life For Canadians, too!

Your Life. Your Terms.



  Step 3:

Free LIVE Investing Class: Do you live in the Greater Toronto or Golden Horseshoe Area? Come out to our next introductory "Investing in Nice Homes in Nice Areas" Real Estate Class.

Get all the details by clicking here.

It's 90-minutes and you'll learn a ton - promise!Thousands of investors have now joined us for this class and the feedback has always been amazing.

Click here to get book

This book has been downloaded over 22,597 times and has helped hundreds of investors kick-start their investing with simple and straight forward strategies that you can implement right here in Canada.



  Click here to subscribe