Hamilton, Ontario Condo Assignment
Hi,
I am a novice investor who recently purchased a pre-construction 1 bed 1 bath condo in Hamilton, ON as an investment property that is due to finish in June 2020. I am having thoughts of possibly assigning the contract before the close date to purchase a duplex or triplex but I was curious of a few things:
1. Thoughts on the outlook of the condo market in Hamilton
2. Does anyone have any experience with the rental comps for new 1 bed 1 bath condo? (I was told I would be looking around the (1800-1900/month range by my realtor)
2. What is the process for assigning a condo?
From speaking with a few people I am hearing that it would be better to assign the condo and purchase a duplex or triplex since I am putting a hefty chunk of money down and could get a better ROI if I were to go this route. I appreciate the help.
Thanks!