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I would not use it because the intrest will go up.If you had $80,000 line of credit (interest @ prime), what would you do with it to take advantage of this economic situation?
If you think the intrest will not go up then you must think that the canadian banks are ok. If you think the canadian banks are ok then you should buy 2666 shares of Bank of Montreal at $30 a pop. They are yielding an 8% dividend.
I would not use it because the intrest will go up.
If you think the intrest will not go up then you must think that the canadian banks are ok. If you think the canadian banks are ok then you should buy 2666 shares of Bank of Montreal at $30 a pop. They are yielding an 8% dividend.
So then you are currently shorting BMO or Canadian Banking in General.......
Im not into that shorting bullshit. I buy to own. I got some BMO and BNS. Which bank is offfering this anyway ??So then you are currently shorting BMO or Canadian Banking in General.......
I think they offer it but they want a yes or no answer. If the answer is no then they will take it off the books.
If you can afford the payments and can ride out the volatility, I'd load up on crude oil.If you had $80,000 line of credit (interest @ prime), what would you do with it to take advantage of this economic situation?
That's my understanding as well, these aren't open offers, but since this offer is almost certainly backed by real estate it's probably accessable later on down the road, providing your home value doesn't drop below such that this and your mortgage are below 75-80% LTV.Im not into that shorting bullshit. I buy to own. I got some BMO and BNS. Which bank is offfering this anyway ??
I think they offer it but they want a yes or no answer. If the answer is no then they will take it off the books.
You don't really need to guess when the market has bottomed out, if you're into it for rental income and you can get a cap rate of 7% or more, you can't go too far off, assuming rents don't drop and you have a reliable tenant.
My guess is much of those recreational properties that shot up sky high, are heading for a nasty fall. So it you're into skiing or you've always wanted to buy a place on the lake somewhere, there's likely to be some damn good deals coming your way. But this isn't really the same as investing for cash flow, it's more of a lifestyle/capital gains type of play.
Yup
I'm with threepeat - it may not take long before oil makes a comeback.
Economists pin the incremental cost of new oil wells at between $70-$90/barrel.If you can afford the payments and can ride out the volatility, I'd load up on crude oil.
I'm with threepeat - it may not take long before oil makes a comeback.
I would not pay intrest on expectations of capitol gain.Economists pin the incremental cost of new oil wells at between $70-$90/barrel.
I'm with threepeat - it may not take long before oil makes a comeback.
Remeber this guy is borrowing the money. I would play oil by buying energy trust funds like Enerplus resorces or Arc energy. Both canadian and both pay around 8%.
realestate in Phoenix
is selling for 35 to 65 dollars a square foot - That's about 20 to 40% of the cost of construction. 10K down on a 90K property, two years or so of payments even if you can't rent it or don't want to. Sell at market when things get better and multiply your investment by about 1,000% in two or three years.
is selling for 35 to 65 dollars a square foot - That's about 20 to 40% of the cost of construction. 10K down on a 90K property, two years or so of payments even if you can't rent it or don't want to. Sell at market when things get better and multiply your investment by about 1,000% in two or three years.
