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Firstly, you can buy condos for sale in MIssissauga for low prices and then later sell them for a higher price, thus making a profit. The shorter the time and greater the returns, the better.  This is called "flipping" a property. If you are going to do that, I reccommend you look at all your expenses, as well as the purchace.  Some of the expenses you may have to pay are as follows:

a]  Fees for Buying a Home
Purchace price, land transfer tax, CMHC fees, mortgage broker fees, lawyer fees, title insurance, transfer of deed, repairs and maintnance.

b]  Fees for Selling a Home
REALTOR fees, lawyer fees, capital gains 25% carrying costs.

The good thing about this method is your money and profits are out.  The bad thing about this scenario is that you  no longer have a property, payed REALTOR fees, capital gains, and you stopped making money until the next venture. That's what I call "cutting up your cow for it's meat to make money", which is still good, it beats just working for your money.

Thinking about real estate investing Mississauga? Wondering if condos for sale in Mississauga could be your next investment property? Let me help. For more information, contact me directly by email or phone.