In this episode, I talk to my good friend Jas Takhar to talk about how you can make money investing in pre-construction condos, allowing you to spend that precious time with your family that working 160-pus hours each month can take away from you.
We know that we need to make money to provide, not only for yourselves, but our families. Imagine if you could make money to spend more time not only providing for your family, but to spend more time with them and your friends.
Jas is an entrepreneur, but one of his favourite ventures is investing in pre-construction condos. He explains why it is so calming for him to invest in these condos. It gives you a chance to space out your down payment overtime between when you initially invest and when you get the keys to the condo to start showing to renters.
As Jas explains, investing in pre-construction condos is something that many in the younger generation are leaning towards because there is no need to pay a mortgage until the build is actually complete. By that time, you may have someone already interested in renting the condo, which will ease that mortgage payment for you.
The best part is, as Jas will explain in this video, once you initially invest with partl of the down payment, you’re already making money since your down payment is based on the property value at that time. As we all know property values are constantly increasing, so by the time your build is complete, it will be worth more than what you have put in.
If you are interested in investing in pre-construction condos and want to learn more benefits and tips for, as Jas calls it, your “forced savings plan,” check out this video.