What is Your Money Doing for the Next 4 Years?
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At the risk of sounding trite, do you work for your money, or does your money work for you? Is your money sitting around collecting dust in a savings account at 1% interest, or worse – going up and down like a yo-yo in the stock market? Have you been thinking and talking about buying an investment condo for years but never acted on it and keep watching the market pass you by? The time to get into the market is now.
Every week I get contacted by would-be first time investors, fed up with seeing their savings do nothing in the traditional methods of investing, and looking for guidance to get into the condos-as-investments game. Unfortunately, so many of these people who contact me get the information they need to make an informed buying decision but ultimately never pull the trigger and don’t buy anything. They are paralyzed to make a decision. The market continually passes them by and every year they look back and say, ‘Well, I guess I should have bought a unit at ‘ABC’ development, I would have made $$$ already’.
The fact is most people don’t ‘get’ real estate. They don’t understand the key dynamics that make owning and investing in property the greatest investment vehicle in the world (in my opinion). All they see is the risk and all they listen to are those who tell them that ‘there are too many condos, the market is going to crash!’ (Background reading: Losing Mentality vs. Investor’s Mentality).
If you money just sitting around doing nothing for you, it’s time to seriously consider putting your money into some property. A great way to get started in the property game is to buy a pre-construction condo. It’s a passive investment vehicle that over the last decade or so has made many, many people very wealthy in this city.
If you are considering purchasing an investment condo for the first time, if you are fed up with the lousy interest rates the banks are offering you, if the thought of playing the stock market has no appeal to you, maybe it’s time we sit down and have a chat about opportunities today in the Toronto condo market. Contact me today.