Canadians are investing in residential real estate in unprecedented numbers. Especially in times of economic uncertainty, Canadians are banking on the long-term value appreciation and stability that real estate represents. If you are among those investors who have already purchased a first or second income property, or if you are at the point where you are seriously considering taking the first step, you have at your fingertips the most trusted and comprehensive resource available to give you a thorough understanding of the pros and cons of real estate investing and what you need to do to properly prepare to become an investor. Making Money in Real Estate, 3rd Edition is an exceptional guide and resource designed to be actively consulted and successfully applied. The author, Douglas Gray, draws on his vast experience as a lawyer, consultant and author to offer investors—both novice and veteran—an "A to Z" of "street-smart" real estate investment knowledge and strategies.
Among the many topics covered in clear non-technical language are how 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
The glossary, checklists, mortgage tables, sources of further information and a comprehensive index round out this book.
Real estate is long-term investment. Be informed—avoid the pitfalls and make prudent decisions, because those choices will have a significant impact on your financial health. Look to Making Money in Real Estate as the benchmark of "how to" for profitable real estate investing.