On this week’s episode, Carmen and Jordan meet with Jamie Spreng, CEO of Quantus Investment Corp., who provides a comprehensive overview of investing in a Real Estate Investment Trust (REIT). As you will discover, a REIT is a passive real estate investment vehicle that allows participants to share in the ownership of large commercial and residential real estate without having to worry about management, and Jamie shares absolutely everything you need to know about them here today.   Episode Highlights:

• Jamie’s background and his current role
• The type of products Quantus deals with
• What a REIT, a DRIP, and an Offering Memorandum are
• What District REIT offers
• The difference between a private and a public REIT and the pro’s and con’s of each
• Types of real estate assets with District REIT
• The type of returns on REITs, how they work, and how they’re taxed
• The registered funds that are eligible for use in this investment
• How to get started investing in a REIT
• Who can invest in a REIT
• The benefits of a REIT

Quotes:    “It allows the investors to come together, pool their money, and participate in investments.”   “They get to actually own pieces of each and every one of these properties…that’s an awesome concept.”   “The properties that are in District REIT are all income producing properties.”   “A private REIT…it’s based on the net asset value of the portfolio.”   “There’s an advantage to having the diversity.”   “When you get into multi residential properties…the value is all dictated by the income.”   “You don’t have to do the work.”   “In the case of District, over 90% of the profit that comes in gets paid out to the investors.”   “It’s based on what the actual properties are producing.”   “You are paying later, and you’re paying roughly half the tax.”   “It is RRSP eligible.”   “Everything about it from an income point of view and from a capital appreciation point of view is fantastic.”   Links:   30 Minutes to Wealth homepage:   https://www.30minutestowealth.com/   For more information about the District REIT go to www.districtreit.ca