Favourite books for the Canadian market

Favourite books for the Canadian market

Fernie, BC · Member since 2018 · 21 posts · 7 votes

Hello Canadian BP'ers,

I'd love some recommendations for books to read on real estate investing that's more specific to the Canadian investor.  I know there can be differences between how the US and Canada operates in terms of legal structures, financing, and others, so I'd like to find some help on the topics specific to Canadians.

A little about what I'm planning on investing in.  I'm currently looking at multi-family properties (3 units+) in the Moncton area, and will eventually look for properties in the Kootenays area of BC as well.  I'm investing for buy and hold cash flow.  Eventually as I learn more I'd like to get into value add investing, but for right now I'm looking for more turnkey properties.

I am reading The Real Estate Retirement Plan by Calum Ross right now, and just picked up the Bigger Pockets Long Distance Investing book (which on quick look seems very specific to the US market, although I'm sure there'll be good general advice as well).  If you have any other recommendations that would be great!

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Member since 2018 · 4 posts · 6 votes
8y

@Mark Locki, I would echo @Cory Graham's words.  I have read several by Don Campbell and liked them.  One of his books (Real Estate Investing in Canada) is really what go me started.  I also like his book on Joint Ventures.  I have also read Making Money in Real Estate (Douglas Gray), Canadian Real Estate Investor Financing: 7 Secrets to Getting All the Money You Want (D. Barsoum & E Venuto), and More Than Cashflow (J. Broad).  All good Canadian books.

Hope that helps.

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  • Langley, BC · Member since 2018 · 21 posts · 12 votes
    8y

    Hello there! 

    Brandon's books here on BP about rental properties are really good, although at times again pretty America specific. 

    A lot of Don Campbell's books have good resources in them, but he can get a little bit preachy towards the REIN (Real Estate Investment Network) which he tends to pitch pretty hard in his books.  Having said that, there is some good info in the books of his I have read.  Unfortunately with the market being 1/10th the size of America (population being 1/10th) there is less demand for Canadian specific content. 

    Good luck!

  • Fernie, BC · Member since 2018 · 21 posts · 7 votes
    8y

    Great, thanks for the recommendations @Cory Graham!  Looks like I'll pick up the Joint Venture book as that's what I intend to do for most of my properties.   Any specific other books from him you might recommend?  Seems he has quite a few that might cover the same topics.

  • Member since 2018 · 4 posts · 6 votes
    8y

    @Mark Locki, I would echo @Cory Graham's words.  I have read several by Don Campbell and liked them.  One of his books (Real Estate Investing in Canada) is really what go me started.  I also like his book on Joint Ventures.  I have also read Making Money in Real Estate (Douglas Gray), Canadian Real Estate Investor Financing: 7 Secrets to Getting All the Money You Want (D. Barsoum & E Venuto), and More Than Cashflow (J. Broad).  All good Canadian books.

    Hope that helps.

  • Fernie, BC · Member since 2018 · 21 posts · 7 votes
    8y
    Originally posted by @Rob Dowsett:

    @Mark Locki, I would echo @Cory Graham's words.  I have read several by Don Campbell and liked them.  One of his books (Real Estate Investing in Canada) is really what go me started.  I also like his book on Joint Ventures.  I have also read Making Money in Real Estate (Douglas Gray), Canadian Real Estate Investor Financing: 7 Secrets to Getting All the Money You Want (D. Barsoum & E Venuto), and More Than Cashflow (J. Broad).  All good Canadian books.

    Hope that helps.

     Thanks so much Rob, that's very helpful!

  • Rental Property Investor · Member since 2018 · 30 posts · 5 votes
    8y

    Here's a free download for the book Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want." 
    https://docs.google.com/document/d/1mjKAEo0HehULOb...

  • Roy N.Pro Member
    Rental Property Investor · Fredericton, New Brunswick · Member since 2013 · 7k+ posts · 4k+ votes
    8y

    @Mark Locki

    If you are just starting out, then give Steven Cohen and George Dubés "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read.

  • Fernie, BC · Member since 2018 · 21 posts · 7 votes
    8y
    Originally posted by@Roy N.:

    @Mark Locki

    If you are just starting out, then give Steven Cohen and George Dubés "Legal, Tax and Accounting Strategies for the Canadian Real Estate Investor" a read.

    Great, thanks @Roy N, I'll pick that up and have a look! 

  • Langley, BC · Member since 2018 · 21 posts · 12 votes
    8y

    Ya his Real Estate Investing in Canada is a good start, that's the only one I've read to be honest, and I've also just tried to take what I can from the America based books and tailor it to the Canadian landscape. 

    Another good finances book is by Frank Gallinelli: "What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures".  This was recommended to me by a local investor friendly realtor here in Langley BC,  @Logan Crowder. Numbers heavy, but a great go to resource for all things REI finances

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