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Isn't bad, yet isn't great considering the risk of the short term.
Instead of comparing it to GICs (which no-one with $1M would buy) instead compare it to bonds or preferred shares. You can get 4-6% with little/no risk of losing your original capital investment.
Plus bonds/shares don't turn into leak condos, and don't require $5K reassessments, or eventual upgrades over time.
I turned my personal property into an investment property, then sold it cause the cap rate was so low I could make more money taking the equity and investing elsewhere.
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Originally Posted by SiRV
This is assuming I manage it by myself (collecting rent every month) and no maintenance work / vacancy.
You also haven't factored in taxes. That $8.8K is taxable at your highest income level, while other investments reinvest profits creating capital gains or pay out dividends or you can hold them in tax-advantaged accounts (TFSA, RRSP). With only a single property you won't have enough write-offs to bring that $12K to zero and not pay taxes.
I read a great book on investing that spoke more to tax-advantaged investments than investments that pay well. ie 8% capital gains is 6% after taxes, while a 6.7% dividend is 6% after taxes. Which do you think is safer to bet on getting consistently? 8% or 6.7%?
Anyways we're getting off topic. I haven't visited the business forum in awhile, yet I know it has a lot of threads you can search for great info on these types of topics.
I'm looking up bonds on my brokerage right now, and it seems like the yield on most 1-2 year term bonds are in the <2% range as well. It only goes up above 4% when I search the 5-8 year term bonds, which is quite a while, in addition to poor ratings (BBB etc.). And say if I needed the money for emergency purposes, in a time of high interest rates, wouldn't the value of my bonds be lowered?
As for preferred shares.. I've got no idea how to do this.. would I buy preferred shares through a brokerage as well? and.. if I can, will I be able to get the same type of preferred shares Buffet got on BAC?
.. still kind of newb on the investing side but I want to learn
Shit, that video reminds me of going to a rich dad, poor dad thing down at Canada pace a few years ago. It was so funny. You had all these goofs coming out on stage with the next big thing that was going to make a bunch of working stiffs rich. Everyone of them had some book or tape to sell you. Occasionally, they'd change it to a course or something.
It was fantastic to watch. We went, because we were more interested in what they were doing, as how to sell shit to a crowd of lemmings.
This one guy told you absolutely fucking nothing about what it was other than some mentor program, over the phone. He was going to mentor you personally, through people he employed in a fucking call center. Everyone that joined got a voucher for a free cruise! Never did fully figure out the fine print on that..probably departed from zimbabwe and taxes and fees were extra.
At the end, he just got the crowd into a frenzy. Free cruise!@ Free cruise! See you on the cruise! Come on up for your free cruise! The crowd around the cashiers was nuts.
I was talking to a guy after, and he had this bag in his hand, and a $400 sting on his credit card, and he couldn't say what he bought. No clue. Other than a few talking points from the presentation, a presentation on power point that contained an unhealthy amount of clip art I might add.
"This is great, i'm going to have a personal mentor to guide me"
"um, ok...I'll do it for free. Go get a refund. I just *made* you $400-more than these quacks will net you."
We added up roughly that he was good for $20k minimum from a 7 minute talk. He was scheduled again later in the day, and a couple more times for the weekend.
And say if I needed the money for emergency purposes, in a time of high interest rates, wouldn't the value of my bonds be lowered?
How do you plan on pulling money out of an investment property in time of emergency?
Better yet, you establish an emergency fund before investing, especially if you're not a confident investor.
For more confident investors, I have a LOC at prime secured against my investments which I can draw from in times of emergency while waiting for investments to sell at the right price. This allows me to keep every dime of my savings invested making me money.
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Originally Posted by SiRV
still kind of newb on the investing side but I want to learn
I'm actually a very lazy investor, I hate investing in single stocks cause of the research and risk required. As much as I love research, I hate how buying single stocks feels like gambling. I went OCD monitoring my investments several times a day, so now I take the couch potato approach. My investment are spread out over several low fee ETFs. This minimizes my risk of exposure to any single sector or global market.
Its a good gig, my friend is trying to break into it in Australia yet is learning the trick to this bullshit - it actually has to be backed up by something.
People spend big to attend these events cause the speakers usually have some credentials, they made a fortune, and now are making even more off suckers.
Real estate is always an interesting buy, but the cap rate in Vancouver is so low I would look to be a slum lord in other cities in Canada where it makes more sense. If you really wanted to take a risk you could buy a multi-res property in a city like Vegas and easily get a 10-15% cap rate.
Anyway, for my money.. I would look at good long term stocks that are trading right now with high dividend yields. Hell, Sunlife, BMO, CIBC and RBC right now are all trading at ~ 5% dividend yields. Apply the DTC and you're looking at a pretty solid current rate of return let alone the long term appreciation potential.
Most of the franchises people are listing are impossible to get.
I hear Papa Johns take and bake pizza is expanding into BC and is looking for people.
Please master of all things franchises explain upon your "impossible to get" I know wendy's is a pretty hard franchise to get because they wan't huge payments before you even get the rights to build one..
__________________
There's times in life where I want a relationship, but then I cum.
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[23-08, 13:17] nabs i've gripped ice boy's shaft before
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[26-08, 13:50] Jesusjuice is this a sports car forum? why are there so many hondas?
Please master of all things franchises explain upon your "impossible to get" I know wendy's is a pretty hard franchise to get because they wan't huge payments before you even get the rights to build one..
Didn't you just answer your own question, mister I'm sarcastically trying to mock you but failed?
Please master of all things franchises explain upon your "impossible to get" I know wendy's is a pretty hard franchise to get because they wan't huge payments before you even get the rights to build one..
Nanado's is not taking applications for franchises right now. StarBucks is not a franchise. There is a Subway and Tim's on every corner and many owners have multiple locations. In Nanaimo all the Tim's are owned by one family and almost if not all the subways are owned by one family same goes for McDonald's. The way to make big money in a franchise is to find a an up and coming chain, build it up, and have multiple locations.
There is no such thing as a fool proof franchise. The Boston Pizza in Nanaimo has had 3 different owners and all of them lost big money and the company had to take over. Even McDonald's has closed some locations.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
you dont even know if a 1 million dollar franchise will be successful in the first place. 50-100g alone is enough for an easy small business, invest the rest. you learn and gain ideas as you run it. From there you open a second or more if you see the business is doing good. VERY dumb to throw down 1 mil into a business franchise that will fail after a few months. That's how some of my close friends started out.
BE the second one.. im sure you would make a killing in a few months.. plus you can get to watch the hot chicks try out lingerie, pair it up with LuluLemon clothes... damn... a killer combo...
Worst investment ever, so many go under, that's why chains do better. Might as well start a strip club and at least get some entertainment while your investment sinks.
Worst investment ever, so many go under, that's why chains do better. Might as well start a strip club and at least get some entertainment while your investment sinks.
Ha! We go back to my million dollar weenie roast on that one. Strip clubs are over.
BE the second one.. im sure you would make a killing in a few months.. plus you can get to watch the hot chicks try out lingerie, pair it up with LuluLemon clothes... damn... a killer combo...
Not a franchise.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
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that will fail after a few months. That's how some of my close friends started out.
