OM DENNE EPISODE
In this episode I sit down with Simon Mass, founder & CEO of the Condo Store.
Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space.
Condo store website: https://condostorecanada.com/
Simon's email: Simon@condostorecanada.com
Discussion points:
- Simon's experience & journey in real estate (6:12)
- The Condo Store's business model (10:59)
- rising borrowing costs, interest rates (15:10)
- Pre-con basics, GTA corridors, masterplan communities (18:05)
- Selecting a builder, maintenance fees (22:55)
- Deposit structures (26:24)
- macro outlook, supply-demand, development challenges (31:36)
- condos vs single family homes (39:25)
- resale vs pre-con condos (42:54)
- condos are cash flow negative (47:30)
This episode is brought to you by taxpay.ca (30:08). Taxpay is a platform I use where you or your accountant can schedule all of your tax payments (personal tax, payroll remittances, corporate tax payments, GST & HST).
Taxpay can help you simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.
You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.
Taxpay.ca website: https://taxpay.ca/user/accountant
Article with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860
