10 must-reads for the Australian property investor
They say that knowledge is power, and to succeed in property investing, this certainly holds true.
Based on some of the best-sellers in the industry, here’s our pick of 7 books worth getting your nose into. Immerse yourself in these pages and learn about investment and tax minimisation strategies, negotiation skills and wealth creation ‘how-to’ guides straight from the experts-- and put yourself ahead of the pack.
How to Grow a Multi-Million Dollar Property Portfolio - in your spare time by Michael Yardney (2016)
Michael Yardney's freshly updated book is great for the newbie investor. It explains everything from the correct mindset to property searches and then tips to close the deal. After reading this book you'll have a great idea of where to go next to realise your dream to buy a property. His 5 Stranded Strategic Approach is also a great rule of concept to keep in mind when qualifying property as investment grade. Yardney's strategy is geared more towards capital growth strategies but is still a valuable read for cash flow investors.
20 Must-ask Questions for Every Property Investor by Margaret Lomas (2012)
Much like the book above, 20 Must-ask Questions for Every Property Investor by Margaret Lomas is a short but practical guide to qualifying property in Australia. While this book is written more for the cash flow investor, it's still useful for those buying with the goal of capital growth. It's a great step-by-step approach to researching property in Australia.
The Armchair Guide to Property Investing: How to Retire on $2,000 a Week by Ben Kingsley and Bryce Holdaway (2015)
This book provides some practical nuggets of wisdom but definitely caters towards the topic pf investor mindset. It has a great range of case studies at the end of the book which explain many of the different ways to make money through property. It's great for the beginner trying to wrap their head around property as an investment.
Armchair Guide to Property Investing : How to Retire on $2,000 a Week from The Book DepositoryView details
How to Create an Income for Life, by Margaret Lomas (2002)
This insightful guide details how you can identify and structure investment properties with long-term positive cash flow potential.
The pages omit get-rich-quick ploys, and instead incorporate a simple, practical and easy-to-follow cash flow positive strategy that anyone can adopt.
Exploring concepts such as how to minimise risk when investing in positive cash flow property, how to employ a specific borrowing strategy, taxation issues and how to invest unemotionally, this one is worth sinking your teeth into.
7 Steps to Accelerated Wealth, John Fitzgerald (2007)
Having made his first million at just 23 years of age, Fitzgerald reveals his seven principles of rapid wealth building through real estate.
This practical and anecdotal guide demonstrates how you can build wealth by following a formula of developing a low-maintenance, low-risk investment portfolio.
After putting this one down, you’ll learn how to identify undervalued properties and leverage their potential, how to surround yourself with an ‘A-Team’ of experts, and how to prepare exit strategies.
What I Didn’t Learn From My Real Estate Agent but Wish I Had, Jamie McIntyre (2007)
With the intention of educating Australians about how the real estate industry works, this consumer-beware publication motivates you to take control of your finances so you don’t have to rely on the skills of a commission-taking real estate agent.
Get immersed in this book and you’ll discover how to get into the mindset of a property millionaire, how to leverage property options and how to not fall for real estate agents’ strategies.
Secrets of Property Millionaires Exposed, Dale Beaumont (2007)
Sit back with the Secrets of Property Millionaires Exposed, and discover just that.
In this page-turner, you’ll be brought up to speed with different investing strategies, how to master negotiation techniques, how to structure your portfolio to minimise tax and how to make cash regardless of market movements.
Featuring insights from Michael Yardney, Chris Gray and Rachel Barnes, this is valuable addition to any bookshelf (or e-reader).
The Unofficial Guide to Real Estate Investing, Spencer Strauss & Martin Stone (2003)
In The Unofficial Guide to Real Estate Investing, the authors discuss concepts such as researching and valuing property, obtaining finance, managing tenants, insider tips on tax minimisation strategies and advice about how to identify tomorrow’s ‘hot properties.’
With useful charts to help you create an investment strategy and generate cash flow, this book translates complex investment concepts into layman's terms and steers clear of any sugar-coating or empty promises- emphasising that despite popular belief, wealth cannot be built overnight.
How to Maximise Your Property Portfolio, Margaret Lomas (2011)
Building on her success from How to Create an Income for Life, best-selling author Margaret Lomas explains to both beginner and seasoned investors how to profit from positive cash-flow properties.
Encompassing areas such as how to select the right property type, how to best manage your property, and how to maximise each investment through valuable purchasing structures, Lomas’ How to Maximise Your Property Portfolio is a compelling read for all keen investors.
From 0 To 130 Properties in 3.5 Years, Steve McKnight (2010)
Having sold 160,000 copies, Steve McKnight certainly made an impression in the real estate world. Read his anecdotal account about how he bought 130 properties in just 3.5 years and absorb his words of wisdom.
Discover McKnight’s four-step process for finding positive cashflow properties, where you should buy if you want to increase your profits and how to protect your assets and wealth in this well-written and systematic account.