REVscene Automotive Forum - View Single Post - You inherit a tidy sum of money. What do you invest in?

whitev70r · 05-02-2019, 12:22 PM

In the app/condo scenario, it be a 0 sum cash flow or negative. Rent has to cover your mortgage, maintenance fee, and property tax, hard to get that much. Any gain would be gain in value for apt but when you add in the real estate fee for selling a few years down the road, I don't think it's a good choice ... might have been 5-7 years ago but not now. Do you see the glut of new condos going up everywhere?

Cleanest is the invest in safe stocks, etfs, in your TFSA or RRSP route. $50K nowadays don't go very far.

05-02-2019, 12:22 PM	#18
whitev70r Willing to sell body for a few minutes on RS Join Date: Nov 2002 Location: 604 Posts: 10,417 Thanked 6,257 Times in 3,012 Posts Failed 320 Times in 161 Posts	In the app/condo scenario, it be a 0 sum cash flow or negative. Rent has to cover your mortgage, maintenance fee, and property tax, hard to get that much. Any gain would be gain in value for apt but when you add in the real estate fee for selling a few years down the road, I don't think it's a good choice ... might have been 5-7 years ago but not now. Do you see the glut of new condos going up everywhere? Cleanest is the invest in safe stocks, etfs, in your TFSA or RRSP route. $50K nowadays don't go very far.