mississauga condos fixer uper

 

The terms “flipping a property” or “flipping a condo” refer to buying real estate at a lower price, with no intention of actually living in the place. The main objective of flipping is to generate profit.

There are two ways one can flip a condo in Mississauga. The more popular way is to buy a pre-construction condo that will generate profit in the future. But rehab properties, fixing them up and then reselling them is another way this can be achieved. In this blog post, I want to cover these two methods and provide an insight to anyone who might be interested in condo flipping.

Flipping A Pre-construction Condo

As mentioned above, most investors (I would estimate over 90%) who want to get into real estate turn to pre-construction condominiums. Over the years pre-construction condos have come to be known as “easy investments”, which generate great profit. For further information on pre-construction condos read this article.

 

(more…)

Read more

3 Comments

  • Lillian Kuo says:

    I have a customer who bought a pre-construction in Manhattan one and a half year ago. The condo will start to close in fall. My customer change her mind. Doesn’t want to keep this condo and is looking for a flapping before the closing, do you have any good solution to help me with this case. The price she paid last year was higher than this year as I understand the market situation.

    Lillian Kuo
    Keller Williams a Realty Gold Coast
    Email: [email protected]
    Mobile: 516-578-1080

  • Eric Skicki says:

    Sorry we do not work in Manhattan and are not sure how the rules apply over there!

  • Yasser Hassan says:

    I need to invest I condos and I need your services to do so

Leave a Reply




Social media & sharing icons powered by UltimatelySocial