Investing in Condominiums - Strategies, Tips and Expert Advice for the Canadian Real Estate Investor

FROM RENOS TO RICHES

THE CANADIAN REAL ESTATE INVESTOR'S GUIDE TO PRACTICAL AND PROFITABLE RENOVATIONS

As an investor, part of providing a residence for your tenants is providing a place where they will feel at home and want to stay. How do you do this affordably and strategically? Many landlords will either do a minimal amount of work-and work that has no lasting value-or at the other end of the spectrum, go overboard, using expensive materials and paying for extra and unnecessary labor. Rental renovations are meant as a long-term investment with your best asset in mind-your tenant. Knowing what renovations to undertake and how to do them will guarantee that money is well spent on long-term renovations that last the life of the property and decrease tenant turn-over and loss of rental income.

From Renos to Riches is the product of the author's experience as a renovator and investor in residential properties. It offers the reader insights into these key areas:

• how to assess and cost a renovation and determine if it makes financial sense;

• what's involved in contracting out a job;

• how to keep to budget and timelines;

• how to green your property;

• jobs you can tackle yourself;

• design tricks that are inexpensive but look like a million bucks;

• and much more.

This no-nonsense guide shows you the fun and easy way to become a successful real estate agent. It provides expert advice on acquiring the skills needed to excel and the respect and recognition you’ll gain through making sales and generating profit. Soon you’ll have all the tools you need to:

• Prospect your way to listings and sales
• Build a referral-based clientele
• Work with expired and FSBO listings
• Plan and host a successful open house
• Present and close listing contracts
• Market yourself and your properties online and in print
• Negotiate contracts and avoid derailment
• Stake your competitive position
• Achieve excellent relationships with clients
• Spend less time to earn more money

Investing in real estate has often been viewed as the poor second cousin to the stock and bond markets. The misperception that investing in real estate is somehow difficult has cost Canadians the opportunity to increase both the quality of and income from their investment portfolio. To help provide a new perspective to Canadian investors, Canada's bestselling real estate author speaks about his relationship with real estate as the asset that has consistently delivered value for himself and the Real Estate Investment Network community across the country.

• Author Don R. Campbell is Canada's most recognizable face in media on matters to do with real estate
• Offers readers a unique glimpse into Don R. Campbell's views on real estate as an asset class, the opportunities and challenges, and the essential characteristics of a successful real estate investor

As the sales of Real Estate Investing in Canada have proven, Canadians are looking to real estate investing to build wealth. In his bestselling book Real Estate Investing in Canada, Don R. Campbell introduces the Authentic Canadian Real Estate (ACRE) system, the first system of its kind to show ordinary Canadians how to profit from investing in residential real estate. Told as a narrative, a typical Canadian couple named Richard and Emma successfully buy their first properties and now are ready to leverage their equity into more properties. In order to achieve their goals, they are introduced to a joint-venture specialist and, with his guidance, they learn how joint-venture partnerships work and secrets and strategies for acquiring new properties that only the pros know.

Richard and Emma build their portfolio -- and their confidence -- and so they leave their jobs to focus on real estate investing full-time. Following a proven 7-step system, Richard and Emma are equipped with the information, strategies and motivation they need to go to the next level by explaining:

• What are joint-venture partnerships and how do they work to create win-win relationships
• Wealth attraction principles-how to become a money magnet
• How and where to find joint-venture partners-marketing and lead generation--and separate the wheat from the chaff
• Structuring a joint venture deal-building a team of experts and the due diligence process
• Legal structures and agreements, including tax implications
• 19 landmines to avoid in joint venture partnerships
• Following up with current joint venture partners and duplicating success

Walter Bagehot's Lombard Street, published in 1873 in the wake of a devastating London bank collapse, explained in clear and straightforward terms why central banks must serve as the lender of last resort to ensure liquidity in a faltering credit system. Bagehot's book set down the principles that helped define the role of modern central banks, particularly in times of crisis--but the recent global financial meltdown has posed unforeseen challenges. The New Lombard Street lays out the innovative principles needed to address the instability of today's markets and to rebuild our financial system.

Revealing how we arrived at the current crisis, Perry Mehrling traces the evolution of ideas and institutions in the American banking system since the establishment of the Federal Reserve in 1913. He explains how the Fed took classic central banking wisdom from Britain and Europe and adapted it to America's unique and considerably more volatile financial conditions. Mehrling demonstrates how the Fed increasingly found itself serving as the dealer of last resort to ensure the liquidity of securities markets--most dramatically amid the recent financial crisis. Now, as fallout from the crisis forces the Fed to adapt in unprecedented ways, new principles are needed to guide it. In The New Lombard Street, Mehrling persuasively argues for a return to the classic central bankers' "money view," which looks to the money market to assess risk and restore faith in our financial system.

Peter Kinch is one of Canada's top mortgage brokers and has helped thousands of investors clarify their dreams and turn them into reality. In The Canadian Real Estate Action Plan, Peter walks you through one of his investor workshops, helping you develop not just a plan, but your plan, including:

• Defining your end goal, and how much real estate you need to achieve it
• Determining the kinds of investments that are right for you
• Identifying obstacles to your success, and overcoming them
• Discovering financing options and solutions, including recent changes that affect investors

New investors will get the thorough background information they need to get started, while more experienced investors will benefit from exploring alternative options and lesser-known strategies. Both will see how long-term thinking is the key to their portfolio's continued profitability.

The best way to achieve your goals is to plan for your success, and there's no better tool to help you do just that than The Canadian Real Estate Action Plan.

• You should opt for a sole proprietorship versus a partnership or corporate ownership strategy.
• There are things you can do to manage the way HST impacts your real estate investment business.
• You need information about the tax implications of a real estate disposition.
• You can change your bookkeeping system to better meet your needs and those of your accountant.

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