SleazyDream

just found some leaveraged mutual funds - these are pretty sweet.
from manulife. (canadians only)

you're allowed upto $50,000 per person with NOTHING DOWN, they lend you the money and you just pay the interest at 1% above prime to play the market with it. the interest is a 100% write off. in 10 years manulife GUARENTEES the value of the depost on the investment fund - so all you are risking is the interest over 10 years and you got to write that off so if you're in the maximum tax bracket that's 50% free.

it's about $260/month for $50,000 - and they let the wife get one too so we borrowed $100,000 for $520/month.

in 10 years (assuming no change in interest) we invested $62,400 - but wrote off over $30,000. so over 10 years we really only invested $30K.

over 10 years the chances are ( according to most 10 year periods in holding funds) we'll get $200,000 back - subtract the $100,000 owing and have $100,000 in the fund - subtract what we invested and we got $60,000 outa it.

if the marklet crashes we still got a write off over the 10 years - we can cash out ANYTIME and can stay longer then 10 years or shorter if we want.

you can invest more than this too but you need to put some money upfront - they leaverage 4X afetr the initial no investment $50K.

I was impressed. it's not where I's stick all my money - but it's nice to have some relativly liquid investments like this.

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spamofon

so this is monbey for free and you pay only 1% ?
and you can do anything you want with that shit?
some kind of scam or are they are trying to get rid of some taxes?

chowda

yeah manulife, one of the bigger insurance companies here and in asia is pulling a scam... get real

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2007

PS: Nationalnet is the best host I've ever had. And i tried alot of them.

s0laris2

Sleazy, its not just that..

Go to the bank, and get a line of credit, same deal applies..

I have 50,000 line of credit, but 3 rental properties with it. The credit was used for the downpayment and the interest is 100% writeoffable also. No need to Ever pay off the credit. Let the rent pay the mortgages and the extra is income.

Same deal, different perspective

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SleazyDream

the money has to stay in their investment funds - duuuu .
if you withdraw you have to pay the loan first. you keep the profit

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SleazyDream

i have several rental properties. but I bought them all with a downpayment. this is totally different, much less work and MUCH MUCH MUCH less risk.

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Za Ha

I know of ppl who lost a TON of money on Mutual Funds.

Real estate is the way to go... except not in toronto cause the real estate bubble is gonna burst soon.

Pipecrew

heh i hope it bursts in Ottawa too, My student house is costing me 2200/month. I see my friends in London Ontario with comparable houses only paying 850/month

SleazyDream

welll DUUUUUUU

that's what's soo sweet about this - 100% capital guarentee

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Easton

interesting... i use Tricycle for my clients...

www.3-wheeler dot com

(i really don't want them to see hits coming in from GFY) LOL

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Quotealex

Same here in Montreal and everywhere else where the mortgage rate has gone to an all-time low. As soon as the mortgage rate start increasing, the real estate buble should burst. Unless of course the stock market take a further dive

chowda

stocks are still making money, if u know how

i like RE, picked up a 5plex on the plateau for 305k.. 700bux cash in after all expenses and mortgage.

__________________
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2007

PS: Nationalnet is the best host I've ever had. And i tried alot of them.

Quotealex

These numbers only have significance if we know the equity you placed to get that 5plex. What your ROE and expected long-term IRR?