Returns without the bricks and mortar

Want to invest in real estate without the hassle of becoming a landlord?

Pretty much every advantage of buying property directly and renting it out can be achieved passively through REITS or funds invested in them.

In a popular blog this week at financialpost.com, fee-only financial planner Jason Heath wrote that real estate is a “secret” tax shelter because few advisors make money recommending its purchase. He focused on direct ownership of rental real estate and the tax deductibility of related expenses like interest.

While perhaps not all advisors openly discuss this “secret,” there’s certainly no shortage of real estate gurus happy to do so.

Source: Financial Post