Thinking of Buying a Condo by Assignment? Watch This First

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I recently got asked this question from a viewer about whether purchasing condo assignments make sense as an investment so in this episode I break down what condo assignments are, how much money you would need to get into one and whether they make sense compared to resale or even purchasing preconstruction. There are some amazing opportunities for assignments especially when you have a motivated seller/investor who just needs cash immediately and don't care about making a profit.

We have ways to negotiate deals for assignments where you don't need to put as much cash upfront so give us a shout if you're interested in these types of deals. Overall, assignments are for more sophisticated and deep-pocketed investors looking for desperate sellers where you can pickup a big gain on the property right away based on market conditions. There are a lot of other closing costs associated with assignments including taxes, levies and other closing costs including HST. You should be aware of everything that goes on with these types of investments or better yet, speak to us directly. Contact info is above and thanks for watcing, please subscribe everybody