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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.
As with any investment, you need to look beyond the hype—the slick marketing campaigns that developers use to entice customers. The investment model in this book is based on tried and true fundamentals and can be applied in any city and neighbourhood across Canada. You need to know the risks and the benefits, and realize that buying a condo is a more complex process than buying a freehold property. Condos involve a lot of the same fundamentals as freehold properties, but include other pieces of the investment puzzle including urban architecture, condominium law, and much more.
To meet that need, Brian Persaud and Randy Ramadhin rolled up their sleeves to do in-depth research and comparative analysis of markets and their trends, and of individual developments and buildings. You will learn about the key aspects of lifestyle amenities, architecture, and construction quality. There is comprehensive information on the purchase agreement, with examples of clauses that strongly suggest that legal due diligence is a must. In addition, the authors interviewed top brokers, realtors, property managers, and investors to provide you with an insider's perspective on condos and their viability as an investment.
A number of investment strategies are discussed, from flipping your investment and buy-and-hold, to joint ventures and bulk buying. Regardless of the strategy you choose, you need to make an investment in time to understand the economics of buying a pre-construction condo. Investing in Condominiums is an essential guide to building that knowledge.
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Most helpful customer reviews
4.0 out of 5 stars
If you are investing in condos,
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This review is from: Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor (Hardcover)
Make the investment in this book first!! Informative and expansive. If condo investing is your niche than learn from a couple of guys who have really been there and done that!
1 of 1 people found the following review helpful
5.0 out of 5 stars
Buy this before the condo,
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This review is from: Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor (Hardcover)
With the influx of pre-construction condo units on the market in cities like Vancouver and Toronto, what separates a good investment from the best ones? How does one enter the condo market and what should one look for? Investing in Condominiums answers both the questions of a seasoned investor as well as a new one.Taking you through identifying the right market conditions to the final unit inspection, this book stands alone as a complete guide. Through a series of procedures, case studies and expert 'Tales from the Trenches', the reader gains the insight to find the best unit in the best building in the right location at the right time. Specific and comprehensive, no detail is overlooked: the authors even translate the legal jargon of common builder clauses to language all readers can follow, and provide numerical examples to some of the more complex investment decisions. Each new concept is followed by a comprehensive checklist which buyers can reference at every stage of the buying process. Quite simply, no condo investor should be without a copy.
1 of 1 people found the following review helpful
5.0 out of 5 stars
A great book to learn the basics or extend your knowledge on the hot Toronto condo market,
This review is from: Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor (Hardcover)
Brian does an excellent job of taking the complex subject of condo investing, and breaking it down into language and concepts the newest condo investor can understand. Concepts are brought to life through case studies and market statistics which will leave readers wishing they had read this book 5 years earlier.
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