A lot of information has been published for those who wish to buy acondo as a principal residence, but not for investors who want toexpand into the condominium market. Investing in condominiums isnot about being caught up in the mass hysteria of lining up to buya pre-construction unit in a ‘hot neighbourhood’ and hopefullyflipping it at a profit when it’s built. On the contrary, investingin condos can be a very good way to generate solid returns whendone according to the proven strategies outlined in the book.
Investing in Condominiums will show readers the ins andouts of profitable condo investing by sticking to investingfundamentals, carrying out proper due diligence, and having an exitplan. Pre-construction condominiums, especially in Toronto and Vancouver are sought-after by both Canadian and internationalinvestors. The stable economy, low-interest rate environment, andappreciating values are a recipe for investor success. Investingin Condominiums gives Canadian investors the nuts and bolts ofundertaking such an investment based on real-life examples andexpert knowledge. By reading this book, the investor can proceedwith full confidence knowing that they are asking the rightquestions, doing the math, and assembling the right team of expertsthat will help them realize their investment goals.
Table of Content
Chapter 1: The Pre-Construction Condo: Leap of Faith or Wise Investment? 1
Chapter 2: The Economics of Real Estate and Condo Investing29
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
Credits 273
Acknowledgments 281
Index 289
About the author
Brian Persaud, BSc, is a co-founder of REal Experts Inc., acompany dedicated to elevating investor confidence in real estateand teaching powerful proven investment models that work. REal Experts became the embodiment of Brian’s dream; as an investor andadvisor, his workshops and personal consult-ations are met withgreat enthusiasm and proven results. Through networking withcolleagues at the Real Estate Investment Network, and aninexhaustible amount of passion and energy, Brian continues to addto his portfolio of residential real estate, with an emphasis oncondominiums in Toronto and the GTA. He is the host and producer of Inside Toronto Real Estate, as seen on Rogers Cable TV. Visitwww.realexpertsinc.com for more information.
Randy Ramadhin, Honours BA, is a graduate of the Rotman School of Business and possesses both real estate broker’s andmortgage broker’s licenses in Ontario, as well as the Professional Land Economist (PLE) designation. He is a veteran real estateinvestor, an advisor to investors on building their portfolio, anda teacher. Randy is a member of REINTM; former Chair of the Condominium Committee of the Building Industry and Land Development(BILD) Association; and founder of www.condoinvest.ca, where dealsand knowledge are shared on all aspects of real estate investing.Randy currently serves as president of a condominium board and isalso on the board of a 500-unit tower in downtown Toronto.
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