self directed ira for real estate

Investing In Real Estate With Your RRSP

As you know, real estate is at a 30 year low right now in many markets.  Recently all over Wall Street Journal, New York Times, and countless other publications there have been stories about big Wall Street companies jumping in and buying real estate rather than stocks… because they know they can get a better return.

So, why are most Canadians still trusting their own retirements… RRSPs… TFSAs… with the stock market?

Answer is, they don’t know any better.

Before we dive into the good stuff… remember, we are not financial advisors and by no means should this guide be meant to act as financial, tax, or legal advice.  It’s for informational purposes only. Consult your own professional advisors before you make any financial choices like this.

The Self-Directed RRSP for Real Estate

There’s something called a Self-Directed RRSP/RESP or TFSA.  They’ve been around for a while… and in the past several years lots of people have realized that their RRSPs aren’t earning them a darn thing (sometimes even losing money).  So, those people (maybe this is you) have started to look for other ways to earn better returns with that same RRSP.

Enter the “self-directed retirement account”.

A self-directed RRSP is simple. It’s a retirement account that has the same tax benefits as a normal RRSP… but, you can actually invest in real estate and mortgages on real property here in Canada.

Basically, this opens it up so you can buy investment real estate with your RRSP… or be a private lender in real estate.

Getting Off The Sidelines And Getting Your Money Working For You

If you feel a self-directed RRSP or TFSA may be a great way for you to invest a portion of your retirement in things you know (rather than the unpredictable stock market)… then dive in, take some time to educate yourself on the pros and cons of a SD-RRSP (those websites I put above are a great place to start. They have all kinds of resources to learn more about self-directed IRAs and how you can use them to invest in real estate).

If you have any questions on how you can work with us as an investor… just connect w/ us through our contact form or call us anytime at:  (604) 417-4076.  We offer discount investment properties in Memphis and surrounding areas to investors like you who often buy them and keep them as rentals.  Also, for those qualified investors who want to explore private lending… contact us and we’ll talk about how we work with private lenders as well.

Happy investing!  We’re here as a resource for you so don’t hesitate to connect with us anytime.