All my investment is in real estate - 1 primary and 2 rental. Total 3.7 M value and 1.7 mortgage pending. About 400k in cash. I’ve 0 RRSP. Is my investment strategy terrible?

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Posting as :
works at
You are currently posting as works at

Humble bragging?

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Nice attempt at bragging……

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No

How can I improve ?

You’re lacking diversification. Real estate is a great investment vehicle, but any portfolio should be diversified. If you have 400k in cash, is any of that in a TFSA? Why not consider putting some of the 400k into some type of security?

Fair, but if there is a real estate market crash then you’re somewhat exposed. Happened to my family in the late 80s, early 90s - millions of dollars in residential and commercial real estate lost. Bankruptcies and multiple mortgages required to save the family home.

Lol u have more than so many other newbies who are trying to break into the market. Relax

Amén

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