Financial Skills for the Real World: Investment Properties
Is real estate investing a guaranteed path to financial success? We’ve all heard stories about people buying real estate in cities such as Vancouver or Toronto “at the right time” and becoming millionaires in a matter of years. While that can happen, real estate does use significant leverage and if the wrong property is purchased at the wrong time (for you, not necessarily the broader market) it can lead to financial ruin. This webinar we will review the key metrics to consider when deciding to buy an investment property and teach you how to compare its cash flow to a REIT ETF. We will also discuss whether COVID-19 may represent a buying opportunity or whether you might be better off staying clear of real-estate for the time being.
Note: It is highly recommended that participants first attend Housing I or are familiar with real estate terminology before signing up for this webinar.
• Determining the costs and benefits of buying investment properties and when these can be more or less desirable than REITs.
• Learn how to accurately calculate the cash flow of an investment property.
• Learn what additional rules and regulations apply to investment properties vs. your principal residence.
IMPORTANT: Students must register with their official McGill email address in order for the registration to be valid.
No-Show Fee Alert: There are no fees associated with SKILLSETS webinars; however, registering for an online event is a commitment to attend. If you can no longer attend, make sure to cancel your registration. Otherwise, a $25 No-Show Fee will be charged to your McGill student account. Exceptions will only be made for students in the case of emergencies or “extenuating circumstances”. https://www.mcgill.ca/skillsets/policies
The SKILLSETS Financial Skills workshops offer general information intended for personal knowledge and skills development only and are not intended as legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation.
These educational workshops are facilitated by a SKILLSETS Skills Development Officer who does not hold any official certification as a financial advisor, accountant, realtor. While information presented is believed to be factual and current, it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect those of the SKILLSETS Skills Development Officer and are subject to change.
Online Event Instructions