- Hardcover: 304 pages
- Publisher: Wiley; 1 edition (November 8, 2011)
- Language: English
- ISBN-10: 1118043855
- ISBN-13: 978-1118043851
- Product Dimensions: 6.3 x 0.9 x 9.3 inches
- Shipping Weight: 1.2 pounds
- Average Customer Review: 1 customer review
- Amazon Best Sellers Rank: #4,778,916 in Books (See Top 100 in Books)
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Investing in Condominiums: Strategies, Tips and Expert Advice for the Canadian Real Estate Investor Hardcover – November 8, 2011
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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 Inside Flap
Is buying a pre-construction condominium a wise investment? Fromday to day, you will find differing opinions expressed in thepress, on the Web, and on investment shows on radio and TV. Thereseem to be so many cautionary tales and factors to consider, fromlocation and builder reputation to the economics of the deal.Although there are many differing opinions in the media andelsewhere, there is help to decipher all of these messages intofacts and create a strategy. Investing in Condominiums isdesigned to help investors make informed decisions about buying apre-construction condominium and understand the options surroundingan exit strategy.
As with any investment, you need to look beyond thehype—the slick marketing campaigns that developers use toentice customers. The investment model in this book is based ontried and true fundamentals and can be applied in any city andneighbourhood across Canada. You need to know the risks and thebenefits, and realize that buying a condo is a more complex processthan buying a freehold property. Condos involve a lot of the samefundamentals as freehold properties, but include other pieces ofthe investment puzzle including urban architecture, condominiumlaw, and much more.
To meet that need, Brian Persaud and Randy Ramadhin rolled uptheir sleeves to do in-depth research and comparative analysis ofmarkets and their trends, and of individual developments andbuildings. You will learn about the key aspects of lifestyleamenities, architecture, and construction quality. There iscomprehensive information on the purchase agreement, with examplesof clauses that strongly suggest that legal due diligence is amust. In addition, the authors interviewed top brokers, realtors,property managers, and investors to provide you with an insider'sperspective on condos and their viability as an investment.
A number of investment strategies are discussed, from flippingyour investment and buy-and-hold, to joint ventures and bulkbuying. Regardless of the strategy you choose, you need to make aninvestment in time to understand the economics of buying apre-construction condo. Investing in Condominiums is anessential guide to building that knowledge.