We make real estate an armchair investment
Prestigious Properties provides an easy, low-risk yet tangible asset/investment vehicle that has the following benefits:
Has positive cash-flow after all expenses like: mortgage payment, condo fees or operating, taxes and rental management fees (positive cash-flow is achieved after a stabilization phase).
Appreciates over time, tax free like an RRSP or 401(k) until sold.
Provides income on a monthly or quarterly basis (depending on the mortgage this monthly income could be small or large).
Takes the hassles out of property management, including options such as regular cash-flow or re-investment into more investment units (investor preference for ratio of cash-flow to equity growth).
Provides a one person interface to financing alternatives and purchase
Makes real estate investment/ownership easy, worry free
and even fun
Is based on a “real” asset as opposed to a virtual paperbased/
mutual fund/stock based asset
Provides tax advantages: equity growth on a major portion of the return (the equity portion, which is the combination of mortgage paydown, value improvement and appreciation through time) are tax deferred (like an RRSP) but also tax preferred. Unlike an RRSP, equity gains are taxed at only 50% of income tax, yielding far higher after-tax returns than RRSP’s can, as RRSP returns, once paid out, are taxed as income. Sometimes payouts are treated as dividends, usually if the investment is held in a corporation or in the U.S. which also has higher after-tax returns than regular income.
Is an RRSP eligible investment – ideal for your retirement portfolio. This is typically achieved by Prestigious Properties purchasing a building or cluster of buildings with as low as 20 units to as high as 500 units.