I don’t plan to retire in the immediate future and I still want to invest in Real Estate.
I’m 6x. I don’t plan to retire in the immediate future and I still want to invest in Real Estate. I currently have my primary home, a duplex in xxx , a 3-year-old Office space in xxx and 2 small warehouses in xxxx and xxx. I don’t want another residential property in BC due to the ridiculous tenancy laws. I’ve been looking in Alberta for either another duplex / multiplex or another light industrial in Alberta. Alberta is taking off fast now. My head is spinning and I don’t know which way to turn. I would respectfully appreciate your thoughts on this. What would your suggestion be to invest? Industrial properties are a great investment with the triple net and some of the products are declining in price.
You look well set up. Your thoughts are clear and logical. Alberta? Yes, but Edmonton and Calgary only. (Note sales are down and listings also rising). Industrial? Yes. No rent control. Review feature on Alta’s taxes versus BC. Issue #96
BUT (you knew there would be a ‘but’): It is my view that if you are over 65 you should be 35% in cash. Over 75 it should be 50%. I have written in previous issues on the fact that we live 2 investment lives based on:
- The state of the markets and
- Your age and standing (retired, employed or self)
- Add to that that central banks around the world are signalling massive trouble ahead. (Can you spell Deutsche Bank, Flagstar Bank and Zion Bancorporation, Lau…?) Actually, sit down! 186 Banks are in Danger of Failing? A report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits. July 31, 2024.
- Major wars are pending.
- $350 trillion is owed to the world (never will be repaid).
Buffet sold 50% of Apple and now sits on 277 billion in cash. The most cash he was in …EVER! - So, cash is not trash.
- Note: Part of that must be easily accessible as well. Watch my video ‘cash is not trash’. Even Mr. “Cash is Trash” Ray Dalio changed his tune!
