Before You Buy A Condo Townhouse, Listen To This

About this episode

Wayne and Gabby discuss the importance of due diligence when buying a condo townhouse in Edmonton, focusing on condo document reviews and reserve fund studies.

Condo townhouses can be one of the best real estate investing opportunities in Edmonton, but only if you know how to do your due diligence properly. In this episode, Wayne and Gabby answer a listener question from a new investor who is buying a condo townhouse in Edmonton and wants to understand how much weight should be placed on the condo document review, reserve fund study, condo fees, special assessments, and overall strength of the condo corporation. Wayne explains why condo document reviews are one of the most important parts of buying a condo townhouse as an investment property. A townhouse can have great numbers, strong rent potential, and appreciation upside, but a poorly managed condo corporation or weak reserve fund can ruin the deal. Wayne and Gabby also discuss why investors should review condo documents carefully, why hiring a professional condo document review company matters, what to look for in reserve fund studies, and why a special assessment does not always mean the condo corporation is bad. They also share a recent example from one of their own Edmonton townhouse purchases where the reserve fund study history raised questions and required further…

People in this episode

Hosts: Wayne Hillier, Gabby Hillier

Topics covered

• real estate investing
• condo townhouses
• due diligence
• Edmonton real estate
• condo document review
• reserve fund study
• tenant profile

Keywords

• condo townhouse
• real estate investing
• due diligence
• reserve fund study
• condo fees
• special assessments
• Edmonton

Mentioned in this episode

Organizations: condo document review company, condo corporation

Places: Edmonton

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