Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor - Hardcover

Persaud, Brian; Ramadhin, Randy

Hardcover

ISBN 10: 1118043855 ISBN 13: 9781118043851

Publisher: Wiley, 2011

Synopsis

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 andVancouver 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.

About this title

From the Author:

Firstly, the Canadian condominium market is the leader in innovative research, marketing and technology in the world, thus, the complexity of the product a buyer purchases is enormous.  To buy a pre construction condo by going into a few builder sales office or just having a real estate agent show you a few condos, is simply not enough.  The same way the banks and schools have prepared us to invest in our RRSPs by introducing us to business courses in school, training professional financial planners and investment bankers to prepare stocks for sale, is the same way an investor should be looking to learn about real estate. 

Condominiums are divisible, tradeable, rentable and in abundance, which sets it apart from any other real estate investment today.  The Canadian real estate market has so much money chasing good deals that capitalization rates are at all time lows.  With over 18,000 units being sold a year from hundreds of new condominium launches a buyer must have a competitive edge to deciding where to invest his or her money.  My book is that competitive edge.

Finally, condominiums are complex legal structures and complex investment vehicles that are demanded by investors from every nation in the world.   If you are looking to invest in a condominium, read my book to get a birds eye view of the industry, the buildings and most importantly, the edge over the world's buyers.   You can visit condoinvest.ca to learn more about "Profitable investing in condominiums: Strategies, tips, and expert advice for the Canadian real estate investor".- Randy Ramadhin

From the Back Cover:

Lots of information has been published for those who wish to buy anew condo (known as a strata in BC) as a principal residence. Withregard to investing in condos, there is an unfortunate perceptionthat it is all about lining up to buy pre-construction units in a"hot neighbourhood" and flip them. Of course, people ignore marketconditions and fundamentals, and get caught up in a kind of masshysteria for which they will often pay a price down the road.

Condos represent a solid return on investment when purchasedaccording to a strategy, by sticking to fundamentals, by carryingout proper due diligence, and by having an exit plan. The purchaseof pre-construction condominiums is just as relevant in a realestate portfolio as owning freehold property. As well, benefitsfrom the vantage point of tax and estate planning can also berealized. Until now, there has not been a comprehensive treatmentof how to invest properly in pre-construction high-rise condos.

This book will give investors the nuts and bolts of undertakingsuch an investment. They will have the knowledge to proceed in amethodical way, with confidence, knowing they are asking the rightquestions, doing the math, and assembling the right team ofexperts.

Praise for INVESTING IN CONDOMINIUMS

"I teach people how to create a millionaire mind. This book is aperfect addition to teach you how wealthy real estate investorsinvest in condominiums, and the critical secrets to know beforeputting a dime in real estate."
—T. Harv Eker, author of #1 NY Times BestsellerSecrets of the Millionaire Mind

"A tried-and-true strategy that teaches buyers how to safelypurchase condominiums by conducting deep due diligence and marketresearch to ensure the fundamentals and building financials arestrong and sustainable. Brian Persaud and Randy Ramadhin show youexactly how to do your homework in a market that is often moreemotional than it needs to be."
—Don R. Campbell, author of the bestselling RealEstate Investing in Canada 2.0 and Secrets of the CanadianReal Estate Cycle

"You must read this book to understand what wealthy real estateinvestors are looking at investing in condominiums. Brian and Randyhave developed a very comprehensive book on factors that you shouldconsider before putting a dime in real estate."
—Robert Shemin, New York Times best-sellingauthor of How Come that Idiot's Rich and I'm Not?

"This book provides you with in-depth knowledge about purchasinga condo as an investment. From market economics to a builder'sreputation, and the financial and legal aspects of buying a condo,there is no better source of unbiased information to assist withyour buying decision."
—Scott McGillivray, Investor and Host and Producer ofIncome Property

About this edition

• Publisher: Wiley
• Publication date: 2011
• ISBN 10: 1118043855
• ISBN 13: 9781118043851
• Binding: Hardcover
• Edition number: 1
• Number of pages: 304