Listen "Why The Condo Crash is Good? ๐ค๐๐ผ"
Episode Synopsis
Everyone says the condo market is dead. They're wrong. My guest, Simon Yan, is the #1 condo renovator in Ontario, and he's doing SEVEN flips RIGHT NOW. We break down how to buy oversized, dilapidated condos for under $500k, put in $100k, and sell for a massive profit while everyone else panics. This is the ultimate guide to finding hidden gems in a crashed market. ๐ฐ KEY TAKEAWAYS: THE CRASH CREATED OPPORTUNITY ๐โThe pre-construction market is dead, but the secondary market for spacious, older condos is booming for flippers. $100/SQ FT VS. $500/SQ FT ๐๏ธโRenovate an old condo for $100/sq ft instead of building new for $500/sq ft. The value proposition is undeniable. BUY SPACE, NOT LUXURY ๐โTarget 1,600 sq ft units built 30+ years ago. Their size dwarfs new 700 sq ft "2-bedrooms" at half the price. THE 25,000 SQ FT SHOWROOM ๐ชโSimon's facility has 6 full condo mock-ups. Clients pick a design and know the exact cost & timeline before they start. SOLVE THE "TRAPPED OWNER" PROBLEM ๐โOwners stuck in dated condos can't sell. You offer a solution: a luxury renovation for their next 10 years. ๐ฅ HARD TRUTHS: "The pre-construction speculators got wiped out. Smart renovators are cleaning up." โ Don't follow the herd. "Your competition is buying 700 sq ft shoeboxes. You're buying 1,600 sq ft apartments." ๐ฏ Target the overlooked asset. "If you can't see the opportunity, you're the problem." ๐๏ธ The inventory is there. The demand is there. The only thing missing is the execution.3 ๐ READY TO SEE THE #1 CONDO SHOWROOM? www.unitmodeler.com #CondoFlipping #RealEstateInvesting #MarketCrash #Renovation #TorontoRealEstate #KenDunn #RealEstate #Business
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