Table of Contents
Praise from Canadians for the Real Estate Investment Networks Investment Programs
An excellent step-by-step real estate investment business to give you the confidence to become an active, successful investor.
Cheryl Shaw
The system has given me a proven means to buy Canadian real estate. Without this support, I would be left clueless and left without valuable mentorship!
Jamelle Alexander
Good to understand the 12 Economic Fundamentals and what drives markets.
Daniel Goff
The system has allowed me to understand my role as a real estate investor and landlord and to decrease and/or minimize my risk.
Dan LeBlanc
It gave me more focus, directions, and tools to move my business of investing in real estate forward.
Lance Bisson
Amazing the amount of clarity I gained in a sometimes confusing industry.
Jason Malmquist
Absolutely essential in getting my investing jump-started. A few months in, its keeping me on track and helping me adjust my strategy to keep the cash flow going. Thank you!
Marianne Malo Chenard
Good to get me organized and systemized.
Leonard Kolstad
More information than I have been given in the past and I have spent thousands of dollars.
Terry Kaiser
To compare this system to other real estate investing educators is like comparing day to night. I get all the information on a proven system I need. I dont have to pay thousands of extra dollars to get the next level of training.
Michael Colson
Amazing, I have received so much insight on so many things that I thought I knew but didnt. A great program!
Bryan Nickel
Excellent advice on making profitable business decisions and how to recognize the red flags.
Kimberly Pashak
The system gave me the foundation for running a successful business in real estate investing. It also gave me the impetus and confidence to pursue my goal.
Editha Payumo
Great. It gave me perspective, knowledge and assurance that what we are doing is right. It also gave me a kick in the pants. Thank you!
Chris Schulz
Wow, like finding the goose that can lay the golden eggsif I feed and care for it! Cant believe I found REIN! Finally.
Mark Yates
Way above my expectations. I cant wait to start investing. Very inspiring and motivating to have such sound information.
Tanya Lachance
The system is so simple and straightforward; step-by-step. It would be ridiculous of me to not do this.
James Lawson
It has clarified a lot of information I had already learned but had not had the chance to digest. The simplicity of the system has given me hope that even I could do this business.
Raynah Hur
The system provided me with an absolutely 100% proven process as well as many like-minded people who are already achieving success using it.
Nick Davis
Authenticlots of Canadian and local data. Unexpected, reasonably priced and full of tips. Ive now finished my window shopping of three years (Trump, Rich Dad, Poor Dad Ozzie Jurock, CANREIG, Don Campbell), books, free two-hour info nights and seminars. I have now committed to REIN and will not second-guess them.
Joanne Smith
It has given me a higher level of confidence in knowing it is possible for me to explore the option of investing in multi-family in the future. It has created in me more hunger and thirst for more information.
Vee Catabay
Incredibly useful, practical, eye-opening. I learned so many brilliant strategies to improve our business 100-fold and apply to our first apartment building, which we just purchased, and next time we buy, I have such a massive support system to back me up. Thank you so much for doing all you do to make this happen. Invaluable, impressive, professional.
Marnie Griffiths
INTRODUCTION
WHY A NEW EDITION?
The first version of 97 Tips for Canadian Real Estate Investors drove home the fundamental truth that sophisticated real estate investors follow proven investment systems. Learn those systems and you can replicate investment success again and again and again!
We also spoke about how important it is to keep current and to adapt to shifting business conditions. This updated edition provides information to help you quickly adapt to marketplace changes. In addition to updated tips, you will also find additional financing and marketing strategies designed to enhance your investing system.
WARNING: NEVER INVEST BASED ON TIPS!
This statement may seem to be a rather odd way to begin a book titled 97 Tips for Canadian Real Estate Investors. However, if you have read Real Estate Investing in Canada, by Don R. Campbell, you know that real estate investing is all about following a proven system that dramatically reduces risk and helps you cut through all the hype and misinformation that characterizes the industry.
NOW, THE GOOD NEWS ABOUT TIPS.
There are really two types of tips in the investment world. The first ones are the hot tips you hear from your neighbour, co-worker or family member. Theyre not really tips but rumours inspired by the hope of getting rich quickly. For instance, This stock is going to go through the roof, and my friend knows someone who has insider information. You better buy now! Weve all heard dozens of these kinds of tipsand were sure you know where most of these lead. Nowhere. We promise you that you wont find any of these dead-end tips in this book.
The second (and best) type of tips that exist are honed from the insights and observations of veterans who have detailed experience in the subject matter of which they speak. Most importantly, these tips do not come from people who profit if you take action on their tips. No hype, no baloney, just a lot of invaluable experience. The tips shared in this book are designed to give you advantages and strategies that make your current investments perform even better. Throughout this book, pay particular attention to each tips What do you need to do? section. This is where real-world experience delivers real-world investment advice that will provide short-term results and create long-term wealth.
WHATS IN THIS BOOK?
What youre going to discover in the second edition of 97 Tips is the wisdom and experience of four Canadian real estate experts all of whom are investors and, each with their own area of expertise: Barry McGuire, a legal expert; Peter Kinch, a mortgage and financing expert; Russell Westcott, one of Canadas leading real estate researchers and educators; and Don R. Campbell, an active investor with a large Canadian property portfolio of more than 150 properties, who is also president of the Real Estate Investment Network (www.donrcampbell.com ) and a best-selling author.
Each of the authors has dug deeply into our decades of experience to uncover tips and secrets with the sole purpose of giving you, the reader, an advantage in the real estate market. Youll learn about mortgage secrets your banker may not even know. Youll discover legal land mines you can avoid, even if your lawyer doesnt know they exist, plus closing and buying tips that can each save you thousands of dollars on