Making Money in Real Estate - 3rd Edition by Douglas Gray (Hardcover)

About the Book

Cover sub-title: The Canadian guide to profitable investing in residential property.

Book Synopsis

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, and has moved real estate investing from a niche product to a pillar of smart portfolio diversification. In Making Money in Real Estate, 2^nd Edition, 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

Readers of previous editions will appreciate the vital changes to mortgage rules, taxation and legislation, and the inclusion of information on commercial real estate. Thorough coverage in plain English makes Making Money in Real Estate, 2^nd Edition the next logical step for investors who want to begin or expand their real estate portfolios, and is a critical and indispensable tool in investment decision making.

From the Back Cover

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, 3^rd 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.

About the Author

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.