Making Money in Real Estate: The Canadian Guide to Profitable Investment in Residential Property, Revised Edition

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John Wiley & Sons, Jan 7, 2010 - Business & Economics - 320 pages
The Canadian Guide to Investing in Residential Property

Successful real estate investments play an essential role in Canadian investors' portfolios. The growth in wealth in real estate markets has presented investors with tremendous opportunities to capitalize on and expand their range of investments. In Making Money in Real Estate, Douglas Gray demystifies the Canadian real estate market for novice investors and presents new strategies for veteran investors. Learn to:

  • Understand the real estate market cycles
  • Find a property and assess its investment potential
  • Build a trustworthy real estate team
  • Arrange financing on good terms
  • Use negotiating tactics that work
  • Understand tax and legal issues
  • Manage a property
  • Avoid the pitfalls that many investors fall into
  • Examine the pros and cons of non-residential property investment options

Making Money in Real Estate is a critical and indispensable tool in investment decision making.

 

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Contents

Advantages of Real Estate Investment
Disadvantages of Real Estate Investment
Understanding the Real Estate Market
Establishing Your Investment Strategies
Key Investment Strategies to Consider
Buying with Partners
Pitfalls to Avoid
Summary
LocalRegional Taxes
Provincial Taxes
Federal Taxes
Income Tax
Tax Implications of the Purchase Structure When Buying an Apartment Building
Summary
Organizing Your Insurance Program
Types of Property Coverage

Condominium
SingleFamily House
Property for Renovation
Recreational Property
Multiunit Dwelling
Raw Land
Web Sites of Interest
Summary
Factors to Consider When Selecting a Property
Where to Find a Property for Sale
Determining the Value of the Property
Web Sites of Interest
Summary
Common Selection Criteria
Selecting a Realtor
Selecting a Lawyer
Selecting an Accountant
Selecting a Lender
Selecting a Financial Planner
Selecting a Mortgage Broker
Selecting a Building or Home Inspector
Selecting an Insurance Broker
Web Sites of Interest
Summary
What Is a Mortgage?
Types of Mortgages
Sources of Mortgages
Key Factors to Consider When Selecting a Mortgage
General Contents of a Mortgage
Personal Liability
Determining the Amount of Mortgage Available
Applying for a Mortgage
Cost of Obtaining a Mortgage
Defaulting on Your Mortgage
Creative Financing
Dealing with Negative Cash Flow
Web Sites of Interest
Summary
Types of Ownership of Property
Understanding the PurchaseandSale Agreement
Services Provided by the Purchasers Lawyer
Services Provided by the Vendors Lawyer
The Listing Agreement
Forms of Legal Structure to Hold Investment Property
Other Legal Cautions and Protections to Consider
Summary
Types of General Insurance
Web Sites of Interest
Summary
Preparing for Real Estate Negotiation
Reasons Why a Property Is for Sale
Negotiating Tips and Techniques
Summary
Types of Management
Keeping Records
Finding the Right Tenant
Understanding the Tenant Documentation
Saving on Expenses
Avoiding Common Homeowner Maintenance Problems
Avoiding Common Fire Hazards
Summary
Determining When to Sell
Preparing to Sell Your Property
Disadvantages of Selling the Property Yourself
HomeSelling Tips
Home Interior
Home Exterior
Summary
An Introduction to Financial Planning
An Introduction to Estate Planning
Web Sites of Interest
Summary
Further Education and Information
A
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C
D
E
F
G
H
J
L
M
N
O
Q
S
T
U
Z
Copyright

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About the author (2010)

Douglas Gray, B.A., LL.B., formerly a practicing lawyer, has extensive experience in all aspects of real estate and mortgage financing. He has acted on behalf of buyers, sellers, developers, investors, lenders and borrowers. In addition, he has over 30 years of personal experience investing in real estate. He is the author of 20 best-selling real estate, business and personal finance books, as well as a consultant and columnist.

Mr. Gray gives seminars on real estate throughout Canada to the public, as well as for professional-development programs for the real estate industry. He has presented to more than 250,000 people and is frequently interviewed by the media as an authority on real estate and small business entrepreneurship. Mr. Gray is president of the Canadian Enterprise Development Group Inc. and lives in Vancouver, BC. His website is www.homebuyer.ca.

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