Both approaches have their benefits and their challenges. If cash flow is critical; then selling tenanted may be a better approach. If the property does not show very well with the tenants; then selling vacant may be a better approach.
This is going to be another great project that will likely present great pre-sale purchasing opportunities.
Short term; however, can be hit and miss.
Five reasons to buy smaller condos as investment
1. The purchase price to rent ratio advantage, or return on investment
2. The property transfer tax (PTT) advantage.
3. The GST advantage.
4. The municipal property tax and strata fee expense to gross rent ratio.
5. Liquidity and cash flow advantage. When you have three condos worth $200,000 each you are more liquid versus having a $600,000 condo and also there is less vacancy cash flow risk.
Chard Development; the “small guy.”
Bosa Properties; builder first roots.
Concert; organize developer machine.
Believe it or not, there are great pre-sale buys out there often as a result of developer oversight in the pricing spreadsheet.
A sellers’ market in the core areas of Victoria combined with re-wording of the time clause paperwork a few years ago doesn’t give sellers a lot of motivation to accepted a subject to the sale of a home offer.
Don’t fall for commonly used listing presentations strategies which are not support by statistics.
Approximately only 33% of sellers are using the REALTOR® they used to purchase to help them sell the home down the road. A good measure of a REALTOR®, in my opinion, is the percentage of individuals that purchased with that REALTOR® that use him or to sell.
Reality is very competent REALTORS® are also very busy, for a reason, and it is not realistic for them to be available on super short notice for any individual client.