Nowadays, it’s hard to find safe stocks that yield much more than 2%.
However, thanks to an obscure tax loophole, I’ve found a real estate company that pays out up to three times more retirement income than an RRSP. In fact, this remarkable business cranks out more than DOUBLE the yield of your typical blue-chip stock.
But if you want to collect this giant dividend, then you have to act fast. The next round of cheques are scheduled to be mailed out in a few weeks. To be eligible, you have to become a partner by Wednesday, May 27. Let me explain…
How to collect monthly rental income without becoming a landlord
Real estate is a wonderful source of retirement income. Each month, your tenants pay you rent. Each year, your property values go up a little. Throughout all time in all places, it has been, it is, and will always be the rich who own real estate.
Unfortunately, becoming a landlord is also kind of a hassle: shovelling driveways, fixing leaky faucets, chasing down late payments. We’ve all heard those landlord horror stories of nightmare tenants trashing apartments and leaving thousands of dollars in damages.
While we could all use the extra cash, few people are cut out to own rental properties. However, there’s another way to invest in real estate without becoming a landlord. Simply put, I’m talking about becoming a partner with an already established property owner through RioCan Real Estate Investment Trust (TSX:REI.UN).
RioCan gives you all the benefits of becoming a landlord minus the headaches. As a partner with this trust, you become the part owner of the largest realty empire in Canada. The trust is set up to own properties, collect rent from tenants, and pass on the income to investors.
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