Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor
DescriptionA lot of information has been published for those who wish to buy a condo as a principal residence, but not for investors who want to expand into the condominium market. Investing in condominiums is not about being caught up in the mass hysteria of lining up to buy a pre-construction unit in a "hot neighbourhood" and hopefully flipping it at a profit when it's built. On the contrary, investing in condos can be a very good way to generate solid returns when done according to the proven strategies outlined in the book.
Investing in Condominiums will show readers the ins and outs of profitable condo investing by sticking to investing fundamentals, carrying out proper due diligence, and having an exit plan. Pre-construction condominiums, especially in Toronto and Vancouver are sought-after by both Canadian and international investors. The stable economy, low-interest rate environment, and appreciating values are a recipe for investor success. Investing in Condominiums gives Canadian investors the nuts and bolts of undertaking such an investment based on real-life examples and expert knowledge. By reading this book, the investor can proceed with full confidence knowing that they are asking the right questions, doing the math, and assembling the right team of experts that will help them realize their investment goals.
Chapter 2: The Economics of Real Estate and Condo Investing 29
Chapter 3: What Am I Going to Get for My Money? 73
Chapter 4: The ABCs of Condo Design 125
Chapter 5: The Contract 153
Chapter 6: After You Sign the Contract 183
Chapter 7: Getting the Keys 205
Chapter 8: The First Year of Ownership 247
A Final Word 271