Congratulations! You beat the lines, prepared yourself with your down-payment and secured yourself one of Vancouver's most profitable returns on investment in real estate.
Now comes the hard work. Complete or not to complete? Hopefully these are in fact... 'options'. We are finding more and more investors, who had the down-payment at Contract and Purchase and Sale offering time, are now on thin ice and uncertain if they will be able to achieve financing to complete. This certainly leaves a few options:
Assign or Sell before Completion
Investor is able to obtain traditional, best rate financing, completes, but wants to assign/sell and cash-out taking their returns and move on to the next opportunity.
Sell after Closing
Investor is unable to obtain traditional, best rate financing. Consider alternative lending as a short-term solution for closing, then sell after closing and cash-out profits.
Tenant the Property
Investor is able to obtain traditional, best rate financing, and completes and retains the property. Now we prepare to tenant the property.
Which of these options best describes you?
We will put together a plan that is the best for you considering the following:
- Current Contract of Purchase and Sale in place
- Disclosure Agreement and assignment clause and limitations
- Financing capacity and options
- Tenancy options and property management preferences
Complete the form to schedule a Free Consultation with Shaun T. Carson, Investment Realtor.