How To Make Money Buying Pre-Construction Condos
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/FirstRentalProperty/~3/cSfvzZO0QXM/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Price in Feb 2020 – $355,374
If you don’t own any real estate, and you are on the ‘outside looking in’, things may seem a lot more depressing for you.
Here is the $1 billion dollar question……
Is that too high?
$1850 * 12 months = $22,200
The industry is moving so quickly, it’s leaving people behind.
Depending on the location of where they are renting, this cost will obviously change.
-Neil
Okay… here we go.
This figure may seem low to those of you who know what is truly happening with the housing market in the GTA.
Limited time offer.
If you have real estate in the greater Toronto area, you probably feel like a champ. The price gains have been great, and life is good for you I am sure.
If you are familiar with what is going on with the housing market in the Greater Toronto Area (GTA), then you probably know by now that the market has gone entirely Bananas.
If have the capacity and the financing to enter the real estate market, my Goodness man… DO IT!
To Your Success!
Vita On The Lake From Mattamy – This is my favorite pre-construction project currently. It’s being built on Lake Ontario’s shoreline.
You might be wondering to yourself how you will be able to afford anything in a market like Toronto where the prices continue going up.
So today let’s do a little bit of mathematics … shall we?
Renting Vs. Buying a Pre-Construction Condo at The Greater Toronto Area
Unless you are always searching for the sky to fall on you, it’s an accurate prediction to say that the housing market will continue to rise in the GTA over these next 4 decades.
Ps: I am a VIP Realtor and a Real Estate Broker. I specialize in resale and pre-construction projects in the Greater Toronto Area. I have access to over 100 new condominium projects all over the GTA. Subscribe to receive INCENTIVES and special builder DISCOUNTS from going direct, that You Can’t get.
Liberty Central By The Lake – Awesome if you want to live at Liberty Village now.
SCENARIO #2
Okay… let’s assume that a 2.5% increase in the marketplace, over the next 4 decades.
Therefore, over 4 years, $88,800 would have gone towards rent.
There have been massive price increases all around the GTA with all property types.
The Truth
If the child buys real estate, they would have made $34,258 in equity appreciation over those 4 years.
If he or she had been renting over these same 4 years, according to our figures, it might have cost them $88,800 over the same 4 decades.
A Whole Lot of youngster rent. This is known by us.
Hi There,
In situation One, the kid is currently renting a one bedroom plus den condo in the GTA.
Comparison
Or you can consider a kid that you know (your child, neighbour’s kid, nephew/niece) that’s excited to purchase something in the housing market in the GTA.
Here’s a basic and fast math exercise the benefits of taking action rather than sitting back.
With the transformation of the Toronto landscape occurring, this is using a ‘ripple effect’ on the housing costs all over the GTA.
So as you can see, by using an abnormally low figure for appreciation at 2.5%, this condo the kid bought, will have gone up $34,258 more than 4 years.
Permit ’s assume that he or she is paying $1850/month. Sounds fair? I believe so.
Let’s pretend that you are a youngster. (If you are not already one)
Let’s be super, ultra conservative and say that the market only goes up 2.5% each year.
Keeping in mind that experts predict that the market is currently going to grow a lot higher than that.
The reality my friends is that for the people who sit back and do nothing, life will get a whole lot more depressing because they are going to get priced out of the market….
Let ’ s say that they rented for another 4 years, without looking at rent and inflation increases.
So the condominium at the time of purchase is $330,000.
We also understand that depending upon when you buy into one of these projects, the completion date can be up to 4 years into the future.
Price in Feb 2021 – $364,258
Given that the real estate market (detached houses ) in Oakville, Ontario went up by 38.4% year over year from November 2015 to November 2016, could it be a fair assumption to say that the market will go up 5 percent per year in the condominium market in the GTA?
If we compare them and take these numbers, this is what we find.
Now multiply $22,200 by 4 years = $88,800.
SCENARIO #1
Just so we can keep this mathematics easy ( I am NOT a math whiz), let’s assume that the youngster bought a pre-construction condominium for $330,000 somewhere in the GTA. Does that purchase price Seem fair to you? I think it does!
Purchase price of in Feb 2017: $330,000
The amount of cash they would have put towards their rent payments over this time would be:
NOW let’s look at a situation where at the start of those 4 years, the kid purchases a pre-construction condominium in Toronto instead.
I hope you’re doing well.
Today I’d like to talk to you about:
Cost in Feb 2019 – $338,250 * 2.5% = $346,706
Time And Space Condos – in the event that you buy early here, you will make a great deal of dough. The project is in the Downtown Toronto Core.
Many knowledgable experts say that the real estate market here is changing forever. Toronto is finally becoming a true international housing market, like London, and Hong Kong.
Just how much will the market go up by?
There are of course other factors and factors to consider when conducting these kinds of numbers, but from a high level you can see that it pays off to purchase real estate and get in the market now.
Let’s assume that there is a 4 year window for completion. Let ’ s say the occupancy date is Feb 2021 since it’s February 2017 at the time of writing this.
Here are some choices for you, if you are interested to get in the Marketplace, and don ’ t know where to start:
Renting VS. Buying A Pre-Construction Condo In Toronto.
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How To Make Money Buying Real Estate In Toronto
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://feedproxy.google.com/~r/FirstRentalProperty/~3/CN-XyhC06bM/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
and
Hi There,
Let’s look at a quick example of this…
#1) Detached homes (Freehold)
3 Decades of Free Maintenance
I want to talk about how you can earn money investing in real estate in Toronto today.
So this is probably the most popular property term EVER.
The basic assumption is that you ought to buy real estate in the complete BEST place possible.
If money is being borrowed by a builder from one of the Major Banks in Canada, in order to build their condo project.
The benefits of buying real estate at the best place can include:
$385/month.
The real estate market in Toronto is a competitive one. There are hundreds of new condominium projects, and new homes.
Depending upon the builder constructions this incentive, it could mean that you are currently spending no maintenance fees on your unit.
- Generally no multiple bid situations for buyers buying in new condo projects
- The completion dates of new condo projects are up to 4 years into the future, meaning from the Occupancy Date, the condominium will already have gone up on value.
- If you deal with a VIP Realtor (like myself), you can get special builder INCENTIVES and DISCOUNTS.
If we look at the Toronto real estate marketplace by way of instance, we know that historically, detached homes and pre-construction condos have undergone BIG profits in value.
An example of an incentive would be the builder of the condo project offering:
Not only is “Location, Location, Location”, the very popular, it’s the most important aspect of real estate.
This article is a fantastic read for anyone interested in profiting by real estate.
A basic strategy towards making sure that you make money investing in real estate is to be certain you purchase the correct property type.
In summary, the real estate market in the Greater Toronto Area is on absolute FIRE.
Therefore in this situation, over all buy price, this builder would deduct $13,860 from the at the time of purchase.
The answer to this is a little more complex than understanding the fundamental expression, “Location, Location, Location”.
What does the “correct property type” mean, and how do you know how to find that?
You are going to get the benefits that come with this all when you own real estate in the location.
More specifically, on how to make money in real estate by investing in the Greater Toronto 23, I am going to touch.
Let me know if you have any queries, or if you need any help!
A) A Detached House
I will end it here before this report gets too long.
Ps: I am a Real Estate Broker and a VIP Realtor. I specialize in the Greater Toronto Area in jobs and resale. I have access to over 100 new condominium projects. Sign up to receive builder DISCOUNTS and INCENTIVES from going direct, that you can not get. To your success!
Useless as it seems that “EVERYBODY AND THEIR MOTHER” is earning a lot of money buying real estate in the Toronto Area today …
I hope you are doing well.
You’re interested in buying a condominium in a pre-construction condo project in Toronto.
By the value of the house you’re interested in has gone up!
Fewer individuals will have the ability to afford homes that are detached as the housing market in the Toronto area continues to increase in value, and more people will be buying condos.
Definitely not.
Not Everybody Has a Boat Load of Money
To Your Success!
If you have the funds to invest in this market you should buy:
If you’ve got the capital to get a detached home in the Greater Toronto Area… stop reading this now, and go purchase one!!
- The highest property appreciation
- The most desirable tenant profile
- The best transport and Infrastructure in the area
- The quickest and greatest property resale value
- The best jobs and the best employers.
- Safe neighbourhoods with low crime rates.
The good thing(s) about buying in a brand new condominium project in The Greater Toronto Area are:
More commonly, the builder will take the value of the maintenance fees, and deduct that from your purchase price, or they give that back.
-Neil
Not everybody can afford buying a house in the Toronto Area.
B) Which land type is having the biggest gains now?
Buy The Correct Property Type
It s.
Is it true in all instances?
Property values are going up TENS AND HUNDREDS OF THOUSANDS of dollars in a matter of months, depending upon their location.
#1) “Location, Location, Location”
For those of you who are familiar with the Toronto housing market’s state, the name of this guide may appear to be the title ever.
$385/month * 12 months
Then next on your list should be a pre-construction condo if you don ’ t have enough funds to buy a detached home.
This may be incredible to understand if you are not from The Greater Toronto Area. Ask any purchaser that is trying to buy property in the Greater Toronto Area how their experience is going. They can tell you first hand much the Housing Market is moving up here…
Why Do Builders Offer These Amazing Incentives?
A) How has the property market performed historically?
The number one reason is due to construction financing.
The maintenance fees for the unit you are considering are going to be:
I get that.
I would like to share some points to consider that will allow you to gain the most when you buy real estate in the Greater Toronto Area.
If you don’t (have a boat load of cash ), and you still want to make money by buying real estate, you need to purchase a pre-construction condo.
If I were to rank these two property types in the sequence in which you will experience the property appreciation, it would be
B) A Pre-Construction Condo
Builders will need to market their inventory ASAP.
$4,620 (maintenance fees in one year) * 3 years = $13,860.
I can tell you from first hand experience that is personal, this is true.
The lender releases money to the builder in stages, which depends upon the proportion of units their undertaking has been sold in by the builder.
Before I start, for those of you that are not familiar with what is happening now in the Toronto Housing Market, I recommend you do a Google search, or two, because Toronto and the surrounding areas is THE place to invest in real estate NOW!
In order to pick the best property type, you need to know 2 things:
I Am Going To End It Here…
The Advantages of Buying Real Estate In The Best Location
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How Banks are Trying to Avoid Foreclosing
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://www.free-rental-property-investing-info.com/how-banks-are-trying-to-avoid-foreclosing
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
The foreclosure situation is improving in 2012. The main reason is a commitment from the government in addition to the creditors to be more flexible and forgiving towards their delinquent debtors.
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Renamed & Re-branded!
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers. Find the original post as published at this link: http://www.crei-academy.com/renamed-re-branded/
Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Wve re-branded and renamed to create better value and sharing with our clients and readers. Do visit our new website to check out our new private mentorship programs and subscribe!
CREI ACADEMY GROUP is currently known as A Bowl of Rice.
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Kansas City Real Estate Market Report
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
I thought some of you may enjoy catching up on the Kansas City real estate market report. Simply click here to be taken to YouTube.
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[On-Demand Webinar] How to Find Airbnb Investment Properties
![[On-Demand Webinar] How to Find Airbnb Investment Properties](https://i0.wp.com/realestateclubofamerica.com/wp-content/uploads/2019/05/1294-thumb.png?resize=1140%2C330&ssl=1)
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
Learn to FIND AIRBNB PROPERTIES TO MAXIMISE CASHFLOW
Learn how a Pro Membership with our top property investing platform can help you find, analyse and research investment-grade properties for various investment plans.
This on-demand webinar listed 8 May will show you how you can achieve maximum rental costs using Airbnb.
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Avoid This #1 Mistake When Buying A Property
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
To your success!
- There’s a real estate bubble that is going to burst
- They Need to wait and not buy property today
- Should they purchase a rental property, they Will have to deal with tenants who are going to call them in the middle of the night regarding a toilet they just broke. (Apparently this tenant will also need them to come to the rental property in the middle of the night to fix said bathroom.)
IS. NO. BUBBLE.
”
- They’ve never had a tenant before.
- They’ve never accumulated a rent cheque before.
- They have limited to no expertise in the sphere of real estate investing.
I believe it’s been about 12 years.
My final remarks are:
Neil Uttamsingh
There are a number of factors that are causing this, but to simply put it, it’s a ‘supply and demand’ issues.
Pps: If you found this article useful, you should probably read this one as well… How To Make Money Buying Pre-Construction Condos
The reality my friends is that the housing market in the Greater Toronto area is currently going up at record levels.
I hope you’re doing well.
“There Isn’t Any Bubble”
And then… they are projecting their concerns, anxieties, and worries about owning real estate onto those people that are interested in investing, which are currently looking for guidance.
Over those years, I have seen several hundreds of people buy and pull the trigger real estate, and have talked to thousands of people.
Additionally, people who don’t by real estate act in a way as well.
Now is the time to buy real estate here. Not tomorrow.
Individuals who take the jump and buy real estate behave in a way to one another.
Overall, people generally act in similar ways.
Hi There,
If you believe you believe this wholeheartedly and a bubble is in the GTA property market, we could never be friends. 
The number one inherent mistake that they are making is:
- People who are interested in purchasing real estate, but don’t end up buying anything are fearful.
- I should also qualify this statement by saying that those who BUY real estate as well are also somewhat fearful.
There is something that you should realize sooner rather than later okay … If you are in the Greater Toronto Area.
“I don’t believe Purchasing a condominium (or home) for investment is a good idea. I am going to get calls in the middle of the night by the tenant stating that I want to come and repair it, and that they have broken the toilet. ”
Let’s Re-Cap
People today talk circles around me when they try to tell me that there’s a Bubble in the Greater Toronto Area (GTA) real estate market.
Listening To Advice From Uneducated Sources…
Who the hell is telling folks this?! (sorry I swore…I’m getting FIRED up.)
They tell them that now isn’t a great time to buy real estate, and that they should wait, and wait for the ‘bubble to burst’.
Ppps: Also, this one. . How To Make Money Buying Real Estate In Toronto
This of course is a generalization.
GET INTO THE REAL ESTATE MARKET NOW.
The one major difference though between the people who buy property and those that do not, is that those that DO NOT, are tuned into the wrong radio channel.
Okay… so allow me to break this down and explain to you exactly what I mean.
I don’t keep the number of because I am not an egomaniac. 
Over the years, I have noticed that are currently making one big mistake with their thinking process
You could make hundreds of thousands of dollars owing just one rental home in The Greater Toronto Area, and you wouldn’t do so because someone may call you regarding a toilet that is broken?
The men and women that are currently instilling fear into these investors, aren’t people who have properties themselves, they are people with absolutely no experience investing in real estate whatsoever!
Ps: I am a VIP Realtor and a Real Estate Broker. I have access to over 100 new condominium projects all over the GTA. Sign up to receive special builder DISCOUNTS and INCENTIVES from going straight that You Can’t get. To your success
What I mean by this is that They’re listening to the frequency’. They are currently listening to the wrong ‘resources ’, and they are currently listening to the wrong ‘individuals ’.
I can list for you major reasons why there is no bubble in the GTA market. If I did here, this article will become a New York Times Best Seller and would become the distance of a book!
That time is coming, and it’s coming sooner than I thought it would.
As I am writing this article, I’m thinking about because I have been helping people invest in real estate to how long it has been.
Many times, I have heard people tell me….
People are coming from all around the world to live in the wonderful country of Canada, and a large percentage of these folks are settling in the GTA.
The next chapter in this property saga are the Chapter which talks about every one the hundreds of thousands of people that are priced out of the current market, and who cannot afford buying a property.
The gains that the sector is experiencing have never been seen before.
That:
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Is Anything Sweeter Than Collection Checks From Rent Thieves?
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
So nice.
I was able to collect and I am delighted to report, that there are not many things more satisfying than amassing a payment from a renter you’ve been pursuing since….2016.
This was the man who sent me a receipt stating Interac payment was received and caused me to tear apart all my bank documents, and call the bank and then eventually Interac wondering where my payment was… only to learn that he was trying to defraud me, he’d changed the code in the receipt and the receipt was from the month before.
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Defining Markets Podcast: John Wilhoit Interview with J Darrin Gross
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
This is a 50+ minute interview with host J Darrin Gross and guest John Wilhoit. It is about defining multifamily markets eligible: Multifamily Markets: Primary versus Secondary and Tertiary an open forum conversation between John and Darrin.
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Property Management: Controlling Controllable Expenses
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Please note that we are NOT the original writers of this blog post. All credit goes to the original writers.
What is a expense? A controllable expense is one that offers an opportunity to generate meaningful impact to proactive property management. In this respect many will then consider”every cost” as a controllable expense. That is.
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