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ranchlandsselling · 09-03-2013, 10:04 PM

Also from a financing perspective it would be very hard to borrow against the asset. Not that you'd necessarily want to, but if you got in a pinch and can't sell or didn't want to, you also couldn't borrow against it as easily as something you'd own 100% of. Personally as a lender and broker I wouldn't touch anything like that. We do it for REITs and Pension funds, but not for individuals.

Probably better off putting the cash into a high yield ETF or REIT ETF in your TFSA and take out the yield every year to pay for when you actually want to go to Canmore. You'd probably make money that way and be able to cash out easily when you wanted to.

For that matter buy Boardwalk REIT. It's yields 3.5% lets say you were going to spend $100,000 (no idea) then you're getting $3,500 annually in yield not to mention any capital appreciation over 5-years. If you're buying this type of real estate then you've got to be bullish on real estate in general or it's a terrible idea. If that's true (bullish on RE) then owning boardwalk is also a good idea and you benefit from better management, experience and they have access to DIRT cheap money. So with your yield I'm pretty sure $3,500 plus whatever crappy fees you'd pay a month x12 and the headache you'd at least break even for going to Canmore when you feel like you "really want to". You can benefit from capital gains (already mentioned) and exit at a whim with VERY little cost at all. Or any of the other well managed REITs.

Owning something like this on your own can very often not work out at all but at least you own it outright. 1/4th is just asking for problems.

All IMO

09-03-2013, 10:04 PM	#10
ranchlandsselling Powerplay Quarterback Join Date: Jan 2011 Exp:	Also from a financing perspective it would be very hard to borrow against the asset. Not that you'd necessarily want to, but if you got in a pinch and can't sell or didn't want to, you also couldn't borrow against it as easily as something you'd own 100% of. Personally as a lender and broker I wouldn't touch anything like that. We do it for REITs and Pension funds, but not for individuals. Probably better off putting the cash into a high yield ETF or REIT ETF in your TFSA and take out the yield every year to pay for when you actually want to go to Canmore. You'd probably make money that way and be able to cash out easily when you wanted to. For that matter buy Boardwalk REIT. It's yields 3.5% lets say you were going to spend $100,000 (no idea) then you're getting $3,500 annually in yield not to mention any capital appreciation over 5-years. If you're buying this type of real estate then you've got to be bullish on real estate in general or it's a terrible idea. If that's true (bullish on RE) then owning boardwalk is also a good idea and you benefit from better management, experience and they have access to DIRT cheap money. So with your yield I'm pretty sure $3,500 plus whatever crappy fees you'd pay a month x12 and the headache you'd at least break even for going to Canmore when you feel like you "really want to". You can benefit from capital gains (already mentioned) and exit at a whim with VERY little cost at all. Or any of the other well managed REITs. Owning something like this on your own can very often not work out at all but at least you own it outright. 1/4th is just asking for problems. All IMO Last edited by ranchlandsselling; 09-03-2013 at 11:05 PM.