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Informationen zum Autor 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 35 years of personal experience investing in real estate. He is the author of 26 best-selling real estate, business and personal finance books, and is as well a consultant and columnist. Mr. Gray is president of the Canadia Enterprise Development Group Inc. and lives in Vancouver, BC. His website is www.homebuyer.ca. Klappentext Canadians are investing in residential real estate in unprecedented numbers. Especially in times of economic uncertainty, Canadians are banking on the longterm 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. Zusammenfassung Successful real estate investments play an essential role in Canadian investors' portfolios. Inhaltsverzeichnis Preface xi Acknowledgments xiii Chapter 1: Understanding Real Estate Investment 1 Why Consider Investing in Real Estate? 2 Understanding the Real Estate Market 10 Establishing Your Investment Strategies 14 Key Investment Strategies to Consider 15 Buying with Partners 17 Summary 29 Chapter 2: Types of Residential Real Estate 31 Condominium 31 Single-Family House 45 Property for Renovation 54 Recreational Property 57 Multi-unit Dwelling 63 Apartment Building 63 Raw Land 66 Summary 68 Chapter 3: Finding and Evaluating the Right Property 69 What to Consider When Selecting a Property 69 Where to Find a Property for Sale 83 Determining the Value of the Property 88 Summary 102 Chapter 4: Selecting Your Advisory Team 103 Common Selection Criteria 103 Selecting a Realtor 106 Selecting a Lawyer 110 Selecting an Accountant 114 Selecting a Lender 117 Selecting a Financial Planner 117 Selecting a Mortgage Broker 122 Selecting a Building or Home Inspector 123 Selecting an Insurance Broker 126 Summary 128 Chapter 5: Understanding the Financing Aspects 129
