Toronto Pre-Construction Real Estate Property Investment For Rentals Announced

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Condo Immo (416-572-1016) has launched the opportunity to invest in pre-construction condos.

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.

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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.

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