Real estate investing can be perceived as a complex undertaking when you are just getting started. We have been asked every real estate Investment question you can think of and we have answered many that investors have not thought to ask. Questions are the cornerstone of research and form the building blocks of solutions tailored to the needs of the investor. Our business was built on raising questions and formulating the best answers.
We have included below a quick summary of the most common questions we’ve been asked over the years. We field questions by email, telephone and in person even during live events. If you don’t see the question or answer below, you can always use the “Contact Us” form to get what you need.
There are many things that make us different but here are a few:
We negotiate directly with the developer not the sales company managing sales for the project. Our approach leads to many investment advantages which are not made available to the public.
We provide you with professional property management services to keep your assets performing strong and healthy to allow you to reach your investment goals.
We help educate you by utilizing the most advanced and industry approved market research and analysis reports that are not available to the public and/or Realtors. These reports are prepared by the leading research and development firms that developers retain for their own due diligence and market analysis.
We know you want to be smart and savvy with your money regardless of your investment experience or history. We help people just like you grow into professional and seasoned investors for a living.
We conduct our own in-depth research many months before a project is even on the radar of the Realtor community. With our network of developer relationships, we locate the best projects and then move to negotiate the lowest possible pricing based on a commitment to sell 20-40% of the entire inventory of the development. Unlike conventional Realtors, we negotiate volume deals with the developer ensuring that once we have been engaged our clients get the best value.
We don’t just work on price. Incentives cover every aspect of the purchase and can range project-to-project from lower deposit structures, free maintenance, rental guarantees, exceptional caps on closing costs and ALWAYS, the option to assign/flip your Agreement of Purchase and Sale. We make sure you get a great deal and allow you the opportunity to maximize your investment. For example, with lower deposit structures, many of our clients have the opportunity to buy MULTIPLE units with the same deposit as they would need to buy ONE single unit through the typical VIP sales center events.
Currently there is no application fee for becoming a member of CONNECT asset management. At this time, any one can become a member and be granted access to our programs. Each time you complete a purchase or sell an asset, those specific transactions will have costs associated with them that we can help you estimate beforehand.
An assignment is basically the act of selling an Agreement of Purchase and Sale (your deal) before it closes, and you take possession of a property. Many investors use this strategy to experience amazing returns in strong markets quickly. Our expert team can help guide you through this advance technique in detail and you can determine if it right for you.
As an investor, pre-construction condos provides you with a gateway into a significant and unique opportunity for premium returns by investing in an asset that has not yet reached it’s maturity. This basically means that a condo that is completely built and someone can live in is worth a lot more than a condo that is in the process of being built. As an investor, your return is related to the difference in those two values with presents a significant opportunity. We can tell you which ones are the best.
Essentially, this is a law that says once you sign an Agreement of Purchase and Sale, (a deal to buy a unit), you have 10 days to change your mind and back out if you don’t think it’s right for you. At CONNECT asset management we believe in and respect the cooling off period. We would rather do the deals that are right for you on a consistent basis than suffer through a deal that isn’t. If you do happen change your mind, we help you with that too.
Yes, you need to directly retain a lawyer to complete a transaction. Pre-construction condominium deals are unique real estate transactions with greater legal nuances than most lawyers are accustomed to and the right lawyer will give you great peace of mind. You specifically want to hire a Law Firm specializing in pre-construction condominiums with an experienced team. We work with one of the top legal firms in the city who have successfully closed thousands of pre-construction deals in the last few years.
For 2017: the rent increase guideline is 1.5% for increases between January 1 and December 31, 2017.
For 2018: the rent increase guideline is 1.8 % for increases between January 1 and December 31, 2018.
You can find out more about rent increase guidelines from the Province of Ontario
The Landlord and Tenant Board is part of Social Justice Tribunals Ontario which is a provincial body that resolves disputes between residential landlords and tenants which includes processing evictions.