Credit plays a crucial role in real estate investment, greatly influencing the borrowing options that investors have at their disposal.
When Bruce Stewart was planning to develop the Founders Residences, he wanted to create a model that was a win-win for its senior residents and for the clients who purchased condominiums there. It’s for that reason that Stewart brought on a management company with a unique program called TermVest™.
If opted into, the TermVest™ structure allows the development purchasers to benefit from the three most important pillars of real estate: rental income, market appreciation and mortgage pay-down. All day-to-day property management tasks are taken care of including the payment of property taxes and maintenance fees.
The TermVest™ program delivers monthly cash flow to each purchaser with a five-year condominium lease in place from day one. Upon expiration of the lease, the management company will then purchase the units from the owner at the then current market value with a stipulation it will be for no less than the original purchase price. This commitment creates a safety net and gives purchasers peace-of-mind going into the sale. It also helps to avoid being surprised by a lot of typical things that can go if purchasers decided to lease the unit themselves.
Stewart believes the TermVest™ structure is perfect for real estate buyers that believe real estate is a great wealth building product but don’t want to be hands-on with all duties and responsibilities. The program combines monthly cashflow, mortgage paydown, and the potential for market appreciation while limiting the downside if we see a market correction.
Discover top-quality housing and apartment building construction services tailored to your needs
If you're looking to purchase in Calgary, you generally have two choices: a house or a condo. Which is the best deal?
"NUVO Condos are poised to play a pivotal role in Oakville's transformation into a major Greater Toronto Area (GTA) hub
Elevate your real estate investments with the finest smart home upgrades. Discover the ultimate value-boosting solutions today!
Investing in pre-construction real estate can be a lucrative opportunity, but it comes with its own set of challenges and risks.
Unlock the Full Potential of Your Real Estate Investments with Broker's Playbook's Exclusive Design District Event!
Discover the Future of Real Estate with Technology-Driven Platforms! Explore how cutting-edge technology is transforming the real estate industry
From economic indicators to credit scores, uncover what drives mortgage rates and how to secure the best deal for your home loan.
“Sign up for our daily newsletter to get the latest news, updates and offers delivered directly to your inbox.”