Recommended Real Estate + Personal Finance Books

 

Cash Flow For Life – Scott McGillivray
Are you ready to become a serious investor? Cash Flow for Life is your guide to real estate investing success. Scott McGillivray of HGTV’s Income Property and Michael Sarracini have the answers to creating consistent positive cash flow through real estate. Learn how to buy a property, rent it out, and take checks to the bank! close details… Learn About: – Purchasing property from offer through to closing – Making your mortgage work for you – the importance of leveraging – Maximizing your return on investment (ROI) through value-added renovations – Managing your properties effectively – finding and screening tenants – Building a network of real estate professionals
Renos to Riches: Canadian Real Estate Investor’s Guide to Practical and Profitable Renos – Ian Szabo

Rental renovations should be seen as a long-term investment, with your best asset in mind—your tenant. Knowing what renovations to undertake and how to do them will ensure that your money is well spent on renovations that will last the lifetime of the property, and ensure that your tenants want to stay. From Renos to Riches is designed to help you grow the value of your portfolio of properties by increasing cash flow through strategic renovations, decreasing expenses by saving money on maintenance by getting the job right the first time, reducing energy usage, and fostering a good and lasting relationship with your tenants. The product of the author’s experience in the construction trades and as a real estate investor in residential properties, the book offers investors in rental properties insights into how to assess and estimate the cost of a renovation and to determine if it makes financial sense.
Fix and Flip: Canadian Guide for Buying, Renovating and Selling Property for Fast Profit – Mark Loeffler
The ultimate how-to guide to fixing-and-flipping properties. Judging from the number of reality TV shows devoted to home renovation, it’s easy to think that fixing-and-flipping is a sure-fire, straightforward way to make money, fast. But there’s a lot more to the real estate business than a little hard work and some basic DIY skills. Just like every other business venture, to be successful you need to understand the potential pitfalls as well as the possible profits before diving in, and Fix and Flip: The Canadian How-To Guide for Buying, Renovating and Selling Property for Fast Profit is designed to help you do just that.

 
 
 
 

Personal Finance Books

The Wealthy Barber Returns – David Chilton
“If you’ve always thought of money as a dry and dusty subject, let Dave show you just how interesting it can be. While you’re at it, learn a thing or two about your personal motivation and how to point it in the right direction. And laugh your socks off, too! I thoroughly enjoyed this book!” Gail Vaz-Oxlade, TV Host of Til Debt Do Us Part and Financial Author “The Task Force on Financial Literacy can stop dithering. All it has to do is distribute Dave Chilton’s long-awaited The Wealthy Barber Returns.” Jonathan Chevreau National Post Columnist and Author of Findependence “Very funny. Very smart. This fast-paced journey through the world of personal finance will help a lot of people. I loved it!” Amanda Lang, CBC Senior Business Correspondent “A simple plan for a better financial future: Read this book. It’s down to earth, fun to read and wise to all the mistakes people make in managing money.” Rob Carrick, Personal Finance Columnist, The Globe and Mail
Debt Free Forever: Take Control Of Your Money And Your Life – Gail Vaz-Oxlade
Through Debt-Free Forever, more than 100,000 Canadian families have used Gail Vaz-Oxlade’s brand of money management to dig themselves out of debt. Her strategy is straightforward it isn’t about neat tricks, hidden agendas and mysterious fixes. As Gail says, Money isn’t rocket-science, it’s discipline. Gail Vaz-Oxlade, TV Host of Til Debt Do Us Part has made it her life’s mission to make money management something everyone can do. And she won?t take no for an answer. Hers is a style that’s unique, a voice that is demanding, an approach that is holistic. Debt-Free Forever helps readers take back responsibility and control over their money. Gail’s Rules are simple: you can’t spend money you don’t have, you must save something and if you?re in debt, you must get the albatross off your back. That said, she knows that executing them can be hard. That?s why Debt-Free Forever will serve as a roadmap to getting out of debt, with carefully detailed plans, and Gail’s unfailing support to help readers get to the right destination.
The Millionaire Next Door – Thomas J. Stanley
How can you join the ranks of the wealthy (defined as people whose net worth is over one million dollars)? It’s easy, say doctors Stanley and Danko, who have spent the last 20 years interviewing members of this elite club: you just have to follow seven simple rules. The first rule is, always live well below your means. The last rule is, choose your occupation wisely. You’ll have to buy the book to find out the other five. It’s only fair. The authors’ conclusions are commonsensical. But, as they point out, their prescription often flies in the face of what we think wealthy people should do. There are no pop stars or athletes in this book, but plenty of wall-board manufacturers–particularly ones who take cheap, infrequent vacations! Stanley and Danko mercilessly show how wealth takes sacrifice, discipline, and hard work, qualities that are positively discouraged by our high-consumption society. “You aren’t what you drive,” admonish the authors.
Rich Dad Poor Dad: What The Rich Teach Their Kids About Money – Robert T. Kiyosaki
Personal-finance author and lecturer Robert Kiyosaki developed his unique economic perspective through exposure to a pair of disparate influences: his own highly educated but fiscally unstable father, and the multimillionaire eighth-grade dropout father of his closest friend. The lifelong monetary problems experienced by his “poor dad” (whose weekly paychecks, while respectable, were never quite sufficient to meet family needs) pounded home the counterpoint communicated by his “rich dad” (that “the poor and the middle class work for money,” but “the rich have money work for them”). Taking that message to heart, Kiyosaki was able to retire at 47. Rich Dad, Poor Dad, written with consultant and CPA Sharon L. Lechter, lays out his the philosophy behind his relationship with money. Although Kiyosaki can take a frustratingly long time to make his points, his book nonetheless compellingly advocates for the type of “financial literacy” that’s never taught in schools. Based on the principle that income-generating assets always provide healthier bottom-line results than even the best of traditional jobs, it explains how those assets might be acquired so that the jobs can eventually be shed.

 
 
 
 

The Baby Boom and its impact on Canada

Boom, bust & echo 2000: Profiting from the demographic shift in the new millennium – David K Foot
Demographics – the study of human populations – are a powerful, but often underused, method for understanding the past and predicting the future. In Boom, Bust & Echo 2000: Profiting from the Demographic Shift in the New Millennium, economist David Foot and journalist Daniel Stoffman take a look at the importance of demographics. They try to predict what baby boomers, “baby busters”, the “echo generation”, and other groups in the coming years can expect. This fully-revised edition of the highly successful Boom, Bust &Echo contains the most recent information on demographic trends in Canada and how they can affect your future. Demographics play a critical role in the nation’s economy and social life, and they affect every one of us as individuals. The more we understand demographic realities, the better prepared we will be to cope with them – and to turn them to our advantage. In Canada, the aging of those born between 1947 and 1966 – the baby boom generation – has changed the economy, driven housing and other markets, and transformed social mores and lifestyles. As the boomers enter mid-life, as the “baby-busters” behind them come of age, and as the “echo generation,” the children of the boomers, reaches maturity, how will the country change? Where will Canadians choose to live? What are the prospects for employment? Which investments will be favoured? What lies ahead for Canada’s health care and education systems?
The Pig and The Python: How to prosper from the aging baby boom – David Cork
Why is the stock market booming? And why is it expected to triple and quadruple in value over the next 10 years? Why did the real estate market collapse? How can you spot new investment opportunities? What’s the best way to prepare for a secure, happy retirement? This entertaining tale answers all these questions, and more, showing that the formula for financial success is to watch the baby-boom bulge as it works its way through the python of the financial system. Pieter and Meredith DeMarco are in their late 30s. They have just suffered a business setback and have moved from their suburban house to a rented house near downtown Boston. The future does not look all that bright for the DeMarcos and their two young children — until their neighbor Hazen, a demographer who advises companies on baby-boom trends, takes an interest in them and helps them put their financial house in order. This inspiring book will help you put your financial affairs in order, too!

 
 
 
 

Real Estate Magazines

Canadian Real Estate Magazine
Canadian Real Estate is Canada’s only monthly publication dedicated to Canadian real estate investors. Designed to offer readers accurate, cutting-edge information to guide their investment decisions, each issue of Canadian Real Estate is filled with informative articles on a broad range of topics including property values and trends, mortgage advice and product overviews, investment strategies, surveys of particular real estate markets throughout Canada, renovating advice, and general tips and traps for buyers, sellers and investors.