Thought I would start a thread on everyones favourite property books.

Mine are (in no particular order)

Reno kings “10 golden rules” and “secrets of prop investment”- dirt cheap, fantastic info, packed with finding, buying, managing info. Have found much info in here worth a mint that is not mentioned anywhere else.

Ricks wrap pack- excellent…[Read more]

For any kiwi readers willing to search through second hand bookstores it could be worth your while trying to find yourself a copy of Jones on Property by Bob Jones (out of print). This book influenced my decision to get right out of residential property and into the much more stimulating genre of commercial. Bob Jones is sarcastic, witty and…[Read more]

Recently read..

Wealth Magic
By Peter Spann

I enjoyed this book also, it’s been about a month since i read it. not ‘very’ detailed on facts about how to achieve financial freedom, more about how he achieved wealth, as i said though i enjoyed it.

Real Estate Mistakes
By Neil Jenman

You’ll think twice about ‘auctions’ after this book.. heck,…[Read more]

The one minute millionaire
Robert Allen and Mark Victor Hanson

Recommended by Minimogul, an enjoyable read especially the parable, I believe the best way to start the day is with a jog or walk too, charges your brain and sets you up for the day . A book that gets the grey matter working
9/10

Think and grow rich
Napoleon hill and W Clement Stone…[Read more]

‘Nothing Down for the 90s’ ? Written by Robert G. Allen of ‘Multiple Streams of Income’ and most recently ‘The One Minute Millionaire’ fame.

I thought it was a good read (been awhile though – I like his book ‘Creating Wealth’ better). It’s very American, but if you take out the strategies that don’t work here, it still gives good ways of buying…[Read more]

Australia’s Money Secrets of the Rich.
John R. Burley
My Rating 9
I agree with muppet. one of the best books on ‘wealth creation’ to quote an icky jargony term

Real Estate Riches
Dolf de Roos 8
as well as educational, it reads quite well too

From 0-135 in 3.5 years
steve mcKnight
my rating – 9
very readable bits interspersed with hard-core…[Read more]

A good list. Here are some more plus some suitable for New Zealand.

Australia’s Money Secrets of the Rich.
John R. Burley
My Rating 8
Recommended. Motivational and full of money saving hints.

Your Investment Property.
Anita Bell
My Rating 7
Leads you through all the steps needed to get into property investing.

The rascal’s Guide to Real…[Read more]

Residential real estate investing : a beginner’s guide
Thornton, Clifton
My rating: 8
Recommended. Quick, inspirational read

Bugger the real estate agents! : we’ll sell it ourselves and save thousands of dollars
Semple, R. J. (R. J. (Bob))
My rating: 7
Good tips for selling home, but not 100% relevant to investing

Streets ahead : how to make…[Read more]

BB[8D][8D]

I agree witht these guys, don’t sell if it isn’t costly you everything, set up a LOC and use the equity to fund future purchases, remember you only need 20% plus costs.

Cheers
Leigh K[]

Carve your own path and lead the way …

Maybe you can acquire a cashflow positive property using the equity in the unit and have net passive income to help offset the unit mortgage.

cheers
LeighK[]

Carve your own path and lead the way …

Thanks Redwing

And I think that sums it all up.

Kisses & Hugs all round[:X][^][:X][^]

Carve your own path and lead the way …

Fair Enough!

Cheers
Leigh K[]

Carve your own path and lead the way …

Originally posted by Rugbyfan:
I hope that once the properties have all been sold, they can put up on this forum what the deals were. I for one would like to know what the figures looked like. Once contracts have been exchanged I can’t see what the hassle would be to post the details.

Whatcha think?

‘Eat rich food, barbeque a yuppie’

I agree…[Read more]

E-M

Call you PM first, and get him on to it, if you are no longer paying the PM give the tenant a call just to see if anything has happened.

He could have broken his leg on the way to the bank … you know what I mean!

Anyway, don’t assume the worst straight away.

Then when you get this sorted out arrange to have the money direct debited, it…[Read more]

Thanks for that link P GuRu!

Sent my pic in too.

Cheers
Leigh K[]

Carve your own path and lead the way …

Kay

You really are an evil wicked woman … just like I first suspected.[}]

And I laughed my ass off … butt it found me again![8]

Cheers
Leigh K[]

Carve your own path and lead the way …

My thoughts were along the same lines as Mel, in a trust the trustee is the technical owner of the property so if the company became the trustee would the company assests flow onto the beneficiaries.

Please let us know how you go with this as it would be of interest to many people I am sure.

Cheers
Leigh K[]

Carve your own path and lead the way …

Steve,

I will give him $5000 that he ask for provide that he can find 3 more properties.

I also offer him $1000 if he find just one property, $3000 if he find just 2 properties.

Anything less give him a finger or two.

Warm Regards

ChanDollars

I wouldn’t give him a cent more even if he found me more deals, stupidity is not rewarded, and he…[Read more]

Hi Kiasu

Depending on what your plans are … ie: if you are planning to have many properties then a family trust is a good idea. Multiple trusts help you to minimise land tax, as you only pay tax in the entity they are owned.

I do reccommend you get hold of Buyer Beware by Steve McKnight AND Trust Magic by Dale Gatherum Goss. BB can be…[Read more]

Come On Bec

Even you know that your last statement was just antagonistic and I don’t believe that you really believe in what you wrote. The TV stations know full well what they are doing and know exactly what type of story they want to promote.

Personally I think we will see less of these stories as property becomes less of the flavour of the…[Read more]