Real Estate Investing in Canada: Creating Wealth with the ACRE System

311 Pages·2010·1.34 MB·English

by  Don R. Campbell

Praise for the Authentic Canadian Real Estate System from Canadian
investors:
“If you want a predictable real estate future, you must design it in
advance. I know of no other real estate expert and educator who is
as competent as Don Campbell. His research is unmatched and his
results predictable.”
—Gordon D. Wusyk, Founder and CEO of Predictable Futures Inc.
“Seventeen months after joining and starting the ACRE system, I
now own 141 units! I learned more from the author in this time
about character, business, investing, money flow and personal goal
setting than I have in my entire career. Don R. Campbell is a mentor
and an inspiration, who provides something unique and extremely
helpful.”
—Ernst Marsig, Investor and Business Owner, Y2 Marketing
“I have thought about buying real estate for income for 30 years.
The ACRES Program has changed my mindset from thinking
about it to doing it—and believing that it is not just possible, but
necessary.”
—Joan Watson
“Using the ACRE System, I bought 154 positive cash-flow properties,
all while working a full-time job. I now own over 350 properties.”
—Arlen Dahlin
“My journey began when I signed up for the ACRES Program. Since
then I have bought four properties (two by myself and two as joint
ventures) and sold one, helping pay off all my debt—all in less than
14 months. Last August I got married to the love of my life and we
paid for our wedding—a very fancy one! I owe my success to what I
have learned from Don Campbell and the network I have established
through him.”
—Ali Ardakani, Momentous Consulting
“My involvement in REIN and the ACRES Program system since
1995 has significantly changed my life. Following your strategies, I
have been able to create a lifestyle that has given me peace of mind in
terms of financial security. In fact, I took a big jump in terms of life-
style by taking a job I’ve always wanted—National Ski Team Coach.
Not only does REIN positively affect my real estate, but it has had a
huge overall impact on my life, providing me the freedom and confi-
dence to attain my life goals.”
—Murray Cluff
“We’ve been implementing the various techniques in the system, with
flawless results. Quite simply, this system is a must for all existing and
prospective landlords. By implementing this system, you will increase
your bottom line while significantly reducing your time commitment
and headaches.
—Brent Beagle
“As a novice, I appreciate the opportunity to get the real, no-hype,
nuts and bolts on real estate investing. After taking us step by step
through the process, I am already feeling confident about putting it
into action.”
—Nicola Battista
“I can’t imagine a better educational investment than being a member
of the REIN group. The value of what we are learning doesn’t become
evident until the rubber hits the road. It gives one the confidence to get
into the deals and know we have someone to call when we need help.”
—Garet Bonn
“I joined REIN and, using their ACRES Program techniques and
doing due diligence on my part, I was able to buy five investment prop-
erties in one month. Their extensive support, helpful forms, Insider
Reports, and networking opportunities have given me the confidence
and momentum to start my future full-steam ahead.”
—Brian Simpson
“This is extremely motivating. I am always amazed by how exciting it is to
be with and meet others with the same objectives. A five out of five!”
—Angie Wu
“The best business decision I ever made was in joining the group (out
of all the training I’ve done). I owe you a lot . . . you’ve changed our
lives. Thanks so much for your continual commitment to the group
and the inspiration you give to me and my family.”
—Madeleine Ficaccio
“Great information, I have spent thousands of dollars on other courses
but this is the first one that I feel I can get started on with real action.”
—Patrick Plummer
“It has allowed me to increase my net worth exponentially. The very
valuable information helps me to manage my properties with ease and
fosters a great business relationship with my tenants.”
—Audrey Sloan
“This real estate business has not been easy. And many times my wife
could not understand why I persisted. But from the ACRES Program
program I discovered the very towns that I live and invest in are number
one! Now my capabilities are unlimited. Your system has taught me the
true power of a network and cooperating with like-minded people.”
—Jules McKenzie
“A real kick for overcoming analysis paralysis. ACRES Program is an
excellent program to make someone take action. It provides one with
the tools and skills along with a ‘go to it’ attitude.”
—Brian Soucie
“Finally, I am not scared of real estate. I realized that I can do it be-
cause this program gives me a focus and logical system to follow.”
—Duska Bazdar
“I have received insights into the art of creating deals that are simply
mind-boggling.”
—Eldon Siemens
“A workable system with a lot of the uncertainty and guesswork re-
moved. I like the balance between the money-making aspects and the
necessary balancing-of-life aspects.”
—David Platt
“After only three months, I learned more than in all the years investing
previously. Finally and certainly not the least important is the support
and help I have received from the members I have connected with
in the group. The willingness to help, the openness with knowledge
and the integrity with their ventures has changed my view of the way
it works. It has been quite inspirational!”
—Ken Wilson
“We really appreciate the opportunity to be part of such a fantastic
organization. I will be eternally grateful for the skills I have learned
which will enable me to succeed in real estate and raise my children
at the same time.”
—Julie Hoffman
“Without the ACRES Program system and REIN, I would not be a
full-time real estate investor. This freedom could never be equaled in
my mind. It’s great!”
—Celeste Chaytors
“After joining the Real Estate Investment Network, our lives have
completely changed and we are on the path to success. With the guid-
ance of several members, we sold the house we were currently living
in and turned it into four properties. One of these properties is the
beautiful house we now live in and thoroughly love. The REIN system
is so simple and easy to follow. All you have to do is take action and
amazing things happen.”
—Jeff, Dick & Debbie Jeannotte
REAL ESTATE
INVESTING
IN CANADA
Second Edition
Also by Don R. Campbell with Barry McGuire, Peter Kinch
and Russell Westcott
97 Tips for Canadian Real Estate Investors
51 Success Stories from Canadian Real Estate Investors
REAL ESTATE
INVESTING
IN CANADA
Second Edition
HOW TO CREATE WEALTH
WITH THE ACRE SYSTEM
Foreword by Les Hewitt, co-author of the bestseller
The Power of Focus
DON R. CAMPBELL
PRESIDENT OF THE REAL ESTATE INVESTMENT NETWORK
Copyright © 2009 South Pacifi c Education Corporation
All rights reserved. No part of this work covered by the copyright herein may be reproduced or used
in any form or by any means—graphic, electronic or mechanical without the prior written permis-
sion of the publisher. Any request for photocopying, recording, taping or information storage and
retrieval systems of any part of this book shall be directed in writing to Th e Canadian Copyright
Licensing Agency (Access Copyright). For an Access Copyright license, visit www.accesscopyright.ca
or call toll free 1-800-893-5777.
Parts (rewritten) of chapter 5, 13, 14 and appendix 1 have appeared in Future of Canadian Real
Estate (1997) and How to Get the Bank to Say Yes (1995), copyright Alan Jacques. All material used
with permission.
Care has been taken to trace ownership of copyright material contained in this book. Th e publisher
will gladly receive any information that will enable them to rectify any reference or credit line in
subsequent editions.
REIN is a registered trademark of South Pacifi c Education Corporation.
Cash Flow Zone is a registered trademark of South Pacifi c Education Corporation.
ACRE System is a registered trademark of South Pacifi c Education Corporation.
Th e Sophisticated Investor Binder is a registered trademark of South Pacifi c Education Corporation.
Beacon® is a registered trademark of Equifax Inc.
Empirica® is a registered trademark of Trans Union LLC.
Library and Archives Canada Cataloguing in Publication
Campbell, Don R
Real estate investing in Canada : creating wealth with the ACRE System/ Don R. Campbell.
— 2nd ed.
Includes index.
ISBN 978-0-470-15889-0
1. Real estate investment—Canada. 2. Residential real estate—Canada. I. Title.
HD316.C318 2008 332.63’240971 C2008-905759-7
Th e material in this publication is provided for information purposes only. Laws, regulations and proce-
dures are constantly changing, and the examples given are intended to be general guidelines only. Th is
book is sold with the understanding that neither the author nor the publisher is engaged in rendering
professional advice. It is strongly recommended that legal, accounting, tax, fi nancial, insurance and other
advice or assistance be obtained before acting on any information contained in this book. If such advice
or other assistance is required, the personal services of a competent profess ional should be sought.
Production Credits
Cover design: Ian Koo
Interior text design: Mike Chan
Typesetting: Th omson Digital
Printer: Tri-Graphic Printing Ltd.
John Wiley & Sons Canada, Ltd.
6045 Freemont Blvd.
Mississauga, Ontario
L5R 4J3
Printed in Canada
1 2 3 4 5 TRI 12 11 10 09 08
C
ONTENTS
Foreword xiii
Introduction xv
Chapter 1: Your Real Estate Success Road Map 1
Chapter 2: Flight from Nowhere 9
Chapter 3: Your Own Personal Belize 19
Chapter 4: Th e Four Most Important Words in Real Estate
Investing: “What’s Behind the Curtain?” 33
Chapter 5: How to Tell If a Town Will Boom or Bust:
Th e 12 Keys Th at Unlock the Vault 41
Chapter 6: Property Goldmine Score Card 65
Chapter 7: Skipping Stones to Success 71
Chapter 8: Not Any Port in a Storm: How to Find
the Best Properties in the Best Areas 79
Chapter 9: Th e Property Analyzer Form:
Where the Rubber Hits the Road 95
Chapter 10: Below Average or Super Successful:
You Choose! 115
Chapter 11: Placing Your Off er and Getting It Accepted 127
Chapter 12: Getting Your Banker to Yes! 143
Chapter 13: Seven Winning Strategies for Getting
the Financing 159
Chapter 14: From Corporate Job to Successful
Real Estate Investor 197
Chapter 15: Negotiating Secrets of the
Overachieving Investor 213
Chapter 16: Th e Big Close—A Day of Reckoning 231