People often stop and ask me, Yossi, what is the best Real Estate investment? the quick answer is that we usually look for two types of investments:
Long Term Investing. Buy the best buildings, designs and views you can. Invest in:
- No. 1 Yorkville Platinum Sale (sale is on now. act.)
- ICE Penthouse (just this unit)
- Aura Condo 1+1 pkg+lockr (assignment)
Assignments & Cashflow Properties. Buy inexpensive assignments and get high rents. Invest in:
The second question I’m asked is: Yossi, what is the biggest mistake buyers make?
Let me tell you. It’s not making the offer! Buyers are looking for “a deal” while Sellers have their prices set too high. The buyers will keep looking forever while a smarter buyer will start sending offers. One of the Sellers will bend, lower the price and the deal will be made. The rest of the buyers will miss on the deals and their agents won’t get a referral.
Investing in Real Estate is a serious matter. I see too many “investors” buying terrible units and acting on advice given by those who do not have skin in the game or simply don’t know what they are talking about. You must have the best people on your team to protect your money. Party with your friends. Invest with professionals. Contact me now.