Real Estate Investing

How To Get The Best Real Estate Deals To Find You First

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Success in real estate investing depends on your ability to find the deals and that elusive element of being in the right place at the right time. What if there was a way to increase those opportunities he truth is that you can increase the amount of opportunities that put you in front of those great deals?

The answer is networking.

It’s easy for investors to forget or not realize how important networking actually is in the real estate business. It’s not just realtors that need to be networking.

Networking is one of the most important things you can… Continue reading

REVIEW: The Little Book of Real Estate Investing In Canada

little book of real estate investing in canadaI really enjoy a nice, easy reading business book every now and then that let’s me relax while learning something. When I picked up The Little Book of Real Estate Investing In Canada, I quickly realized that author Don Campbell had written something that was right up my alley. I’m familiar with Don’s work and this one is a bit different for him.

The title should immediately tell you what’s good and bad about this book, right off the bat. The good is that it’s a little book. The bad is…it’s a little book.

If you’re looking to read… Continue reading

How To Effectively Structure Your Real Estate Investments

ID-100313509One of the most popular articles on real estate I’ve written is about properly setting up the structure for real estate investments from three years ago. It’s caused some controversy since then and I was recently asked if my opinion has changed. Before I get into that, let me tell you a bit about my philosophy on setting up and structuring real estate investments.

I recommend what I call a three-tiered system that consists of:

  • Operating Company – Setup to control the business operation and your day-to-day project management. All your active business components are within this company and also… Continue reading

What You Need To Know About Exempt Market Securities

ID-10017957Do you want to invest in commercial real estate but lack the funds needed to get a project into your portfolio? Exempt market securities are an interesting option available that will allow you to own a piece of commercial real estate without actually owning the entire property.

As a comparison, think of the difference between owning a business and buying shares of a particular business on the TSX. It’s almost like crowdfunding for commercial real estate except the backers actually benefit from the profits.

It’s important to mention that I’m definitely not an expert when it comes to exempt market… Continue reading

How To Properly Insure Your Real Estate Assets

ID-100273984Last week I opened up with a personal story about losing one of my real estate investment properties to a catastrophe. The last thing you want to gamble with is the real estate insurance policy on property worth several hundreds of thousands, or even millions, of dollars. It’s far too easy to become the loser in that game.

After going through my own catastrophe with a multi-family building that I own, here are some words of advice I would pass on to fellow real estate investors that want to avoid a worst-case scenario.

1. Hire An Expert

Make sure… Continue reading

How To Deal With A Real Estate Catastrophe

ID-10039279Have you ever considered what could happen if a disaster occurred with one of the properties in your real estate portfolio?

I received a phone call in the middle of the night not too long ago that was enough to take anyone out of the deepest slumber. I was informed that one of our buildings were on fire. My first concern was making sure all of my tenants were safe and we were very fortunate to not have any injuries. A building can be replaced but the people inside it cannot.

I then went online and watched the fireman putting… Continue reading

How Do You Define A Good Deal In Real Estate?

real-estate-investingAs a real estate advisor, one of the first thing investors ask me in casual conversation is, “Where are all the good deals coming from these days?” Anyone who knows me well enough, knows these types of questions are bound to open a can of worms. Much to the asker’s chagrin, I’ll always counter with an unsatisfying answer, posed as a question: That depends. How do YOU define a good deal? Continue reading

The Pros & Cons of Renting Vs Buying Real Estate

ID-100200138In uncertain economic times, it can be tough to know when and where is the right time to invest. When it comes to renting vs buying real estate, which is best? Kelowna accountant and real estate advisor Ken Davidson addresses the topic in this blog but the answer isn’t quite so simple.

Someone recently asked me how I thought the baby boomers were going to affect the real estate market. Although there is a difference between Canada and the US on this subject, I believe that we are coming up on a generation of renters, especially in the US and… Continue reading

5 Steps To Negotiating The Perfect Deal

negotiatingYou can’t be successful in real estate investing without being a successful negotiator; they are a package deal. I find that the art of negotiation is actually more of a balance between a science and an art. There are strategic ways to come prepared to a deal that are somewhat universal while there are many other elements that require you to be able to think on your feet.

I’m happy to share with you my recent article from the Canadian Real Estate Wealth Magazine on 5 Steps To Negotiating The Perfect Deal. The June 2014 issue has tons of great… Continue reading

9 Reasons Why Real Estate Ventures Fail

ID-100213597Success in the real estate investing business looks completely different for every individual as there are thousands of paths you can take to get there. Nobody takes the same path twice and gets the same result but there are definitely a few common factors that differentiate the projects that succeed from the ones that fail.

More often than not, the root cause of failure in real estate comes back to various incarnations of poor due diligence. You might think you have planned for every potential scenario but there are many distracting pit stops on the road to success in real… Continue reading

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