I just migrated to Melbourne form UK with my family. I just graduated from Monash University. As you can see, i am a total Beginner with no experience at all in property investing. ( I do know the laws etc in UK but not here). Someone care to list me some books that you think would be useful for me as a beginner?
Any MUST buy book?
EdTerrywParticipant@terrywJoin Date: 2001Post Count: 16,173AUSMaverickParticipant@ausmaverickJoin Date: 2009Post Count: 24
I have found it is wise to concentrate on the Australian authors & suggest new IP investors start by reading the following books in this order:
1. Jan Somers – building wealth through investment property (an excellent read & starting game plan for novices)
2. John L Fitzgerarld – Seven steps to wealth (similar approach to Jan, easy to follow strategy with sound advice)
3. Michael Yardney- How to grow a multi – million dollar property portfolio ( a fantastic read, enormous amount of advice across the full specrum, some of his tips are directed at the more advanced property investor)
Thank you Maverick. Your help is very much appreciated!JD86Member@jd86Join Date: 2009Post Count: 52
steve mcknight – from 0 to 130 properties in 3.5 years
Any Books explaining the steps needed for property transaction? What should be considered when buying a property in Australia? Any taxes etc?
ThankssonyasalMember@sonyasalJoin Date: 2008Post Count: 421
I have also found margaret Lomas' books to be very helpful and include calculations for determining land tax and other assoicated purchasing expenses.
SonyasydneypropertymanMember@sydneypropertymanJoin Date: 2009Post Count: 6
If you’re still undecided – I’d also highly recommend Yardney’s “How to grow a multi-million dollar property portfolio” – I found it a great read.
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