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Real Estate Investing in Canada: Creating Wealth with the ACRE System, 2nd Edition

Book Description

Canadians in greater numbers than ever before are turning to real estate to build wealth. The Authentic Canadian real Estate (ACRE) system is the first of its kind to show average Canadians how to profit from investing in residential real estate. In real Estate Investing in Canada, you will discover how to cut through the hype and emotion of any real estate market and accurately assess the inherent risks and rewards. Whether you are buying your first property or your 100th, this book provides new-found tools, strategies and confidence to help you achieve your investment goals.

WHAT CANADIAN INVESTORS SAY ABOUT REAL ESTATE INVESTING IN CANADA AND DONR. CAMPBELL:

"This is a great book. The information in just one of the chapters alone saved me over $28,000." - Michael Millenaar

"Full of practical Canadian content and presented in an organized and respectful system. It directly addresses how to get the money and financing you need to purchase real estate and achieve your goals." - Tamara MacLaren

"One of Don Campbell's great gifts is his near-genius ability to take something that appears complex and break it down into a simple step-by-step system that anyone can follow. I am convinced that everyone will thoroughly enjoy, and more important, benefit financially, by reading this book." - Russell Westcott

"The power of Real Estate Investing in Canada lies in the super simple, market-proven system that it offers you. It makes real estate dreams possible for any Canadian. If you are serious about learning the truth, cutting through the hype and being successful, this is your real estate bible!" - Valden Palm, MisterRRSP.com.

The markets across the country are continually shifting and you must keep on top of the latest information. So, as a bonus, every registered reader of Real Estate Investing in Canada will have proprietary access to critical forms and ongoing market research at www.reaestateinvestingcanada.com

Table of Contents

  1. Praise
  2. Title Page
  3. Copyright Page
  4. Foreword
  5. Introduction
    1. A CANADIAN SYSTEM FOR CANADIAN INVESTORS
    2. CHANGE YOUR RESULTS BY CHANGING YOUR ACTIONS
  6. Chapter 1 - YOUR REAL ESTATE SUCCESS ROAD MAP
    1. ACRES OF WEALTH: YOUR REAL ESTATE SUCCESS ROAD MAP
    2. THE SECRET OF MEDIOCRITY—LACK OF CONTROL
  7. Chapter 2 - FLIGHT FROM NOWHERE
    1. “HI, MY NAME IS RICH—ALTHOUGH I’M NOT”
    2. THE DOWNFALL OF THE HOTDOG VENDOR
    3. THE CURSE OF GENERALITIES
    4. THE FINANCIAL AND EMOTIONAL COST OF MISSED OPPORTUNITIES
  8. Chapter 3 - YOUR OWN PERSONAL BELIZE
    1. REAL ESTATE INVESTING MUST NOT BE A SOURCE OF EXCITEMENT IN YOUR LIFE!
    2. ARMAND’S HARLEY-DAVIDSON VISION
    3. DEVELOPING YOUR OWN PERSONAL BELIZE—YOUR FOUNDATION FOR LONG-TERM WEALTH
    4. RICHARD’S PERSONAL BELIZE
  9. Chapter 4 - THE FOUR MOST IMPORTANT WORDS IN REAL ESTATE INVESTING: “WHAT’S BEHIND THE CURTAIN?”
    1. AS AN INVESTOR, YOU’RE AN OBVIOUS TARGET!
    2. CHOOSE YOUR INVESTMENT “GURU” WISELY
    3. THE THREE ESSENTIAL COMPONENTS TO REAL ESTATE INVESTING
  10. Chapter 5 - HOW TO TELL IF A TOWN WILL BOOM OR BUST: THE 12 KEYS THAT UNLOCK THE VAULT
    1. HOW TO IDENTIFY WHERE TO INVEST
    2. WHERE ARE THE TOWNS WITH A FUTURE—NOT A PAST?
    3. THE 12 KEYS THAT UNLOCK THE VAULT
    4. THE PASSIVE FACTORS
    5. ACTIVE FACTORS—THE ONES YOU CAN CONTROL
  11. Chapter 6 - PROPERTY GOLDMINE SCORE CARD
    1. HOW TO USE THE PROPERTY GOLDMINE SCORE CARD
  12. Chapter 7 - SKIPPING STONES TO SUCCESS
    1. SKIPPING STONES
  13. Chapter 8 - NOT ANY PORT IN A STORM: HOW TO FIND THE BEST PROPERTIES IN THE BEST AREAS
    1. THE PROPERTY ANALYSIS PYRAMID
    2. POSITIVE CASH FLOW
    3. THE TWO RESOURCES OF A REAL ESTATE INVESTOR: TIME AND MONEY
    4. THE CASH FLOW ZONE FORMULA
    5. PUTTING THIS TOOL INTO ACTION
    6. A PROFIT CENTRE IN THE GARAGE
    7. IDENTIFYING MOTIVATED VENDORS
    8. THE POWER OF THE DUE DILIGENCE CHECKLIST
    9. THE DECISION MAKER
  14. Chapter 9 - THE PROPERTY ANALYZER FORM WHERE THE RUBBER HITS THE ROAD
    1. FINDING THE RIGHT REALTOR
    2. THE PROPERTY ANALYZER FORM
    3. RICHARD’S ANALYSIS
  15. Chapter 10 - BELOW AVERAGE OR SUPER SUCCESSFUL: YOU CHOOSE!
    1. FEAR OF TAKING ACTION: ANALYSIS PARALYSIS
    2. WRITE, SCRATCH AND QUESTION
    3. THE FEAR OF MAKING MISTAKES: WHERE WRONG IS RIGHT AND RIGHT IS RIGHT!
    4. THE FEAR OF MAKING AN OFFER: WHEN EITHER YES OR NO MAKES YOU NERVOUS
    5. YOUR ULTIMATE ADVANTAGE
  16. Chapter 11 - PLACING YOUR OFFER AND GETTING IT ACCEPTED
    1. THE OFFER TO PURCHASE
    2. MULTIPLE OFFER STRATEGY
    3. AND FINALLY—THE OFFER’S COVER LETTER
    4. RICHARD AND EMMA PUT THE SYSTEM TO THE TEST
  17. Chapter 12 - GETTING YOUR BANKER TO YES!
    1. LEVERAGE: A POWERFUL TOOL
    2. CASE 1
    3. CASE 2
    4. BUILDING RELATIONSHIPS: HOW THE BANKER BECOMES YOUR KEY ALLY
    5. ALAN’S ADVICE—STAY OUT OF THE GREY AREA
    6. PUT YOURSELF IN THE BANKER’S SHOES
  18. Chapter 13 - SEVEN WINNING STRATEGIES FOR GETTING THE FINANCING
    1. STRATEGY 1: LEARN ALL YOU CAN ABOUT BANKS AND BANKING
    2. STRATEGY 2: CHOOSE YOUR BANKER OR BROKER CAREFULLY
    3. STRATEGY 3: NEGOTIATE THE INTEREST RATE—SORT OF
    4. STRATEGY 4: HAVE A PRE-POSITIONING DISCUSSION WITH YOUR BANKER: DESCRIBE YOUR INVESTMENT SYSTEM AND 5-YEAR GAME PLAN
    5. STRATEGY 5: USE SECURED PERSONAL LINES OF CREDIT WHEN APPROPRIATE
    6. STRATEGY 6: GIVE THE BANK REFERRALS AND SOME OF YOUR OTHER BANKING BUSINESS
    7. STRATEGY 7: PRESENT YOUR DEAL BETTER THAN ANYONE ELSE
    8. THE SOPHISTICATED INVESTOR BINDER™
    9. THE EXTRA 1O PERCENT MAKES ALL THE DIFFERENCE!
  19. Chapter 14 - FROM CORPORATE JOB TO SUCCESSFUL REAL ESTATE INVESTOR
    1. JOB DESCRIPTION OF AN OVERACHIEVING REAL ESTATE INVESTOR—PART I Key Traits
    2. JOB DESCRIPTION OF AN OVERACHIEVING REAL ESTATE INVESTOR—PART II
  20. Chapter 15 - NEGOTIATING SECRETS OF THE OVERACHIEVING INVESTOR
    1. THE TRUTH ABOUT NEGOTIATING
    2. WHAT EXACTLY ARE NEGOTIATIONS?
    3. THE EIGHTEEN RULES OF NEGOTIATION
  21. Chapter 16 - THE BIG CLOSE—A DAY OF RECKONING
  22. Chapter 17 - WHAT BECOMES OF RICHARD AND EMMA?—CANADIAN SUCCESS STORIES
    1. WHEN YOU’RE IN A HOLE, QUIT DIGGING!
    2. SHARON AND AMY JOIN FORCES—WITH AMAZING RESULTS
  23. Chapter 18 - YOUR PERSONAL ACTION PLAN
    1. CREATING LONG-TERM WEALTH—NOT A GET-RICH-QUICK SCHEME
    2. TWO COMMON REASONS YOU’RE BEING HELD BACK
    3. PUTTING IT INTO ACTION
    4. YOUR TEN-STEP ACTION PLAN
    5. ROAD MAP TO SUCCESS
  24. APPENDIX 1 - CHECKLISTS
  25. APPENDIX 2 - CANADIAN REAL ESTATE GLOSSARY
  26. REAL ESTATE INVESTMENT NETWORK—REIN
  27. Acknowledgements
  28. INDEX