Pre-Construction Condo Investing with Mitch Parker

<p>What you’ll learn in just 17 minutes from today’s episode:</p> <ul><li>Learn and understand how preconstruction condos work from an investor, buyer, and developer’s point of view </li> <li>Learn how to leverage from purchasing pre-construction condos </li> <li>Find out the pitfalls when diving into this investment strategy so you are forewarned at the onset</li> </ul> <p>Resources/Links:</p> <ul><li><a href='http://www.hersh.ca/'>www.hersh.ca</a></li> </ul> <p>Summary: </p> <p>Mitch Parker is an energetic and passionate, real estate sales and investment expert. He is the Vice President of Sales and Marketing with Hersh Condos; a real estate brokerage specializing in marketing and selling some of the top new developments in the Greater Toronto Area. He’s been investing in real estate since 2006 and has transacted hundreds of millions of dollars of property for both clients and himself while becoming a go-to media expert featured on Canada Am, CTV, SiriusXM, Toronto Sun, Huffington Post, and more.</p> <p>In this episode, Mitch shares what goes into the whole process of preconstruction condos, the timeframe with which it can be livable from inception. Basically, he walks us through strategies in which you can profit from these properties while under construction and during the time it’s ready for occupancy, while also sharing potential disadvantages of this type of investment strategy. </p> <p>Topics Covered: </p> <p>01:16 – What is a pre-construction condo </p> <p>03:08 – From student housing how did he transitioned to pre-construction condos </p> <p>05:40 – What goes through when you are ‘assigning a property’ in pre-construction condos </p> <p>07:30 – How long is the property livable from inception </p> <p>08:38 – As a buyer, how much do you put up as down payment </p> <p>10:09 – Timeframe with which you fully pay your down payment </p> <p>11:29 – How do developers profit from this whole pre-construction condos </p> <p>13:43 – What are the disadvantage of this inve