The Ugly Truth Behind Toronto Condo Assignments - Why You Should Not Use This Strategy

The Ugly Truth Behind Toronto Condo Assignments - Why You Should Not Use This Strategy

The number of people who call me to say, "Hey Zhen, I want to buy a pre-construction condo and sell it to make money" is still very high, especially with the pre-construction Toronto Condo Market having a really strong Fall 2021 run. The heydays of making "easy money" via Toronto condo assignments was over around 2016. There have been wicked stories of people buying $300K condos with 5% down and selling it for $500K, which meant pocketing tons of profit.

These Toronto condo assignment success stories have spread far and wide, and a lot of people still think it's a viable get-rich strategy. Here's the truth though, it's not a viable Toronto real estate strategy anymore. Sorry to be the one to have to burst this bubble! Many Realtors keep selling this Toronto condo assignment profit pipedream without actually explaining the numbers in detail in a condo assignment deal. This is normal because most Realtors out there are after your transaction only, rather than have your absolute best interests in mind.

In this episode of Prime Properties TV, I'm going to expose the truth behind Toronto Condo Assignments and why you will make next to no money buying a pre-construction Toronto Condo in the Toronto Real Estate Market with the intent of selling it in a few years. So think twice before you buy a pre-construction condo with the intent to assign the condo - the Realtors make all the money, not you. If you don't believe me, just watch this episode as I expose the shady truth about why you will make no money selling a pre-construction condo on assignment.

#TorontoRealEstate #TorontoCondoMarket #TorontoRealEstateMarket #TorontoCondos #CondoAssignments

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Website: http://www.PrimePropertiesTO.com
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Email: [email protected]