Chances are you have heard of or may even know of someone who has bought a presale condo or townhome and flipped it (assigned the Contract of Purchase and Sale to another Buyer) prior to the Completion date. This was a fairly common practice in Vancouver and the Fraser Valley a number of years ago, however is it still as lucrative as some claim and what are the tax implications?
In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty, reviews the reality of presale flipping and breaks down the costly tax implications associated with flipping a presale.
If you would like help determining if buying an investment property in Surrey is right for you, please make sure to reach out.
Help support the Surrey Food Bank this month by participating in our October Food Drive
DONATE TODAY!
Don't miss our 1000 Subscriber Give Away
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca
In this video, Surrey Real Estate Specialist Steve Karrasch of Macdonald Realty, reviews the reality of presale flipping and breaks down the costly tax implications associated with flipping a presale.
If you would like help determining if buying an investment property in Surrey is right for you, please make sure to reach out.
Help support the Surrey Food Bank this month by participating in our October Food Drive
DONATE TODAY!
Don't miss our 1000 Subscriber Give Away
DOWNLOAD Our *FREE* Home Buyer's Guide
If you are looking for help or have any questions regarding real estate in Surrey, Metro Vancouver or the Fraser Valley, please reach out below using which ever way is most convenient.
book time with Steve
call or text: 604-549-5828
email: steve@krproperties.ca