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

Comments for RRSP for Real Estate

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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.


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