Real Estate a ‘secret’ tax shelter

I stumbled across this article and just had to send it out to everyone.

It starts off low-key, but then the writer makes a pretty ‘controversial’ statement that is buried in one of the paragraphs.

Here’s a link to the full article:

Financial Post – Real Estate: A Secret Tax Shelter

Did you spot it?

The problem is there is simply no money to be made by financial professionals when it comes to rental real estate. The result is that rental real estate is a secret tax shelter that few people ever consider. – Jason Heath, Financial Post

Wow.  Now there’s something you don’t see every day posted in a newspaper like the Financial Post.  I wonder if their sponsors and advertisers will give them flack over this? (many of whom are likely brokerage firms, mutual fund companies, etc.)

What do you think?  Do you think there’s any truth to that statement?