XPost: can.general, can.politics, ott.general
From: Canuck57@nospam.com
On 25/08/2011 9:15 PM, John Fleming wrote:
> On Thu, 25 Aug 2011 14:48:59 -0600, while chained to a desk
> in the scriptorium Canuck57 wrote:
>> $On 24/08/2011 9:21 PM, John Fleming wrote:
>> $
>> $>> $Could be there is more to the story that is being told. Would not be
>> $>> $the first time.
>> $>
>> $> I agree too. Very often, with these stories, there is
>> $> something else in the mix that isn't being disclosed.
>> $
>> $Yep. But further, I don't know why people rent out their properties.
>> $Between tax headaches and tenant BS, your setting yourself up for the
>> $screw. Unless you can leverage the market lows to buy and dump in hot
>> $markets being a landlord just doesn't make sense. Too many
>> $uncontrollable variables and vulnerabilities and the CRA is just one.
>> $
>> $There are better ways to invest. Buy a REIT for example. And no phone
>> $calls that the furnace is broke or toilet is plugged.
>
> Another alternative is shares in a company that manages or
> develops real estate. You don't get the same monthly cash
> flow you'd get off a REIT, but over time you may get more
> capital gains. REITs will pay out all cash flow, whereas
> the corporation can reinvest part of the earnings in the
> business.
Which is why I like some select REITS and REIT like funds, once the
money is in my account it is mine.
I find developers too risky, 1/2 end up bust sooner or later. So unless
you have an inside word on them, I shy away. But if you get them gains,
it is sweet as gains are taxed less and it is the net after taxes that
counts.
--
If it is all Bush's fault, then how come Obama is doing much more of the
same and expecting different results?
--- SoupGate-Win32 v1.05
* Origin: you cannot sedate... all the things you hate (1:229/2)
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