buytorent
New Member
Just found this site and think it is great, please bear with me I am new. Need some advice. Looking to buy to rent. Wondering what drives prices, could use some Toronto Downtown Condo 101.
Looking to buy presale/resale. Not sure which. Was originally thinking presale hoping that by the time it is built prices will be better and at worst I could rent out. But after reading some posts I am thinking resale would be better.
I was told that for my purposes(investment) try to buy a 1 bedroom + den + parking space as close as possible to bay. You will attract the best tenants. Is this correct?
Other questions I have:
Can you resell a presale before completion?
How difficult is it rent out downtown? assuming rent is priced competitively
Any advice at all would be greatly appreciated.
Looking to buy presale/resale. Not sure which. Was originally thinking presale hoping that by the time it is built prices will be better and at worst I could rent out. But after reading some posts I am thinking resale would be better.
I was told that for my purposes(investment) try to buy a 1 bedroom + den + parking space as close as possible to bay. You will attract the best tenants. Is this correct?
Other questions I have:
Can you resell a presale before completion?
How difficult is it rent out downtown? assuming rent is priced competitively
Any advice at all would be greatly appreciated.