Toronto Pre-Construction Real Estate Property Investment For Rentals Announced
Jan 13, 2023
Condo Immo (416-572-1016) has launched the opportunity to invest in pre-construction condos.
Toronto, Canada - January 13, 2023 /PressCable/ —
The company's investment opportunity is now open to investors who want to get ahead of the real estate market by buying pre-constructed apartments. They also offer property management for hands-off investors.
For more information, visit https://condoimmo.com
The announcement coincides with a CNBC article that discusses why millionaires and billionaires turn to real estate to increase their assets and create generational wealth. According to the report, hands-off real estate investments can generate income all year round, and housing is a basic human necessity that never loses its value or importance. Real estate values also go up annually, and even the smallest studio apartment in a decent location can easily be worth double or triple in 10-15 years.
Investors who want to get into real estate but don’t have the time to run the day-to-day operations of such a business can utilize Condo Immo’s condo management service. The real estate investment company operates as a one-stop shop for investors - from securing a condo to finding tenants and managing the maintenance requirements of the apartment.
Condo Immo has several pre-construction properties that investors can choose from. Once they have decided on a suite, they can sign a purchase agreement and pay the security deposit. They have a 10-day rescission period, and during this time, they can get all the necessary paperwork in order. After the rescission period, the investor will be asked to submit post-dated cheques according to the agreed-upon payment schedule.
For investors who want to rent out their property after turnover, Condo Immo charges a brokerage fee of one month plus taxes for finding a tenant and between 11-15% for managing the property - all excluding marketing costs. However, the investor makes the final decision about which tenant gets the condo - the company only presents them with their identification, credit score, work certificate, and post-dated cheques.
“Whether you are a seasoned investor or looking for new hidden opportunities, Condo Immo can help you find the perfect investment,” a spokesperson for the company said.
More information is available at https://condoimmo.com
Contact Info:
Name: Condo Immo Team
Email: Send Email
Organization: Condoimmo
Address: 624 King Street West Lower Level, Toronto, Ontario M5V 1M7, Canada
Website: https://condoimmo.com/
Source: PressCable
Release ID: 89088235
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us. We will respond and rectify the situation in the next 8 hours.
More News
Public Colleges Are Passing the $50,000-a-Year Mark. For Locals.
At the University of California campuses in Berkeley, Irvine and Santa Barbara, students get an unwitting education in navigating the housing market.
Budget to include £1bn for social and affordable housing
The move will take funding for the 10-year programme to more than £40bn.
My Co-Worker Is Losing It Over My Religion
Plus: Reader responses to a woman returning to the office after two decades of self-employment.
The Long Life of the ‘Snacking Occasion’
As eating habits shift, the food industry is promoting any opportunity to nibble.
Rosebank: Life on the oil field at the centre of a political storm
Scotland editor James Cook finds out what life is like on board a ship in an untapped oil field awaiting its fate.
Heating oil costs 'more than double' ahead of winter
Middleton in Teesdale has no mains gas supply so many residents use expensive heating oil.
How families are cutting the cost of Halloween as spending grows
Families are turning to homemade costumes, swaps and second-hand outfits to keep it affordable.
Firms 'holding back' on new jobs ahead of Budget
Some businesses say they want to see employment costs come down in the October Budget.
Will a new code end 'rip-off parking charges'?
The prime minister says a new code will end "rip-off parking charges" - but will it work?
Budget 2026: No more fat to trim for 'squeezed middle'
As the chancellor finalises his first Budget, how are the "squeezed middle" feeling about costs?
Four ways Labour could raise money in the Budget without hiking income tax
Chancellor John Healey may need to raise money to boost his fiscal headroom - BBC Verify examines what options could be on the table.
For Clues About How A.I. Will Change Work, Look to the Past
Economists hope earlier episodes of labor disruption, from the Industrial Revolution to the Great Depression, can help us prepare for the age of artificial intelligence.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.