All Topics / Heads Up! / Beginner Investor. Recommend me some useful books

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  • Profile photo of kokamoskokamos
    Member
    @kokamos
    Join Date: 2009
    Post Count: 3
    November 10, 2009 - 2:24 am

    Hi,

    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?

    Thanks

    Regards
    Ed

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    November 10, 2009 - 10:19 am

    I liked peter spann's book on property. But generally the forums are the best place to read.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of AUSMaverickAUSMaverick
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    @ausmaverick
    Join Date: 2009
    Post Count: 24
    November 11, 2009 - 5:37 am

    Ed,

    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)

    Profile photo of kokamoskokamos
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    @kokamos
    Join Date: 2009
    Post Count: 3
    November 11, 2009 - 6:12 am

    Thank you Maverick. Your help is very much appreciated!

    Profile photo of JD86JD86
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    @jd86
    Join Date: 2009
    Post Count: 52
    November 11, 2009 - 9:01 am

    steve mcknight – from 0 to 130 properties in 3.5 years

    Profile photo of kokamoskokamos
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    @kokamos
    Join Date: 2009
    Post Count: 3
    November 11, 2009 - 9:55 am

    Any Books explaining the steps needed for property transaction? What should be considered when buying a property in Australia? Any taxes etc?

    Thanks

    Profile photo of sonyasalsonyasal
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    @sonyasal
    Join Date: 2008
    Post Count: 421
    November 16, 2009 - 8:48 am

    HI

    I have also found margaret Lomas' books to be very helpful and include calculations for determining land tax and other assoicated purchasing expenses.

    good luck

    Sonya

    Profile photo of sydneypropertymansydneypropertyman
    Member
    @sydneypropertyman
    Join Date: 2009
    Post Count: 6
    January 3, 2010 - 4:42 am

    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.

    Profile photo of BennyteeBennytee
    Participant
    @ten_burner
    Join Date: 2006
    Post Count: 243
    January 3, 2010 - 9:03 am

    Hi kokamos

    I highly recommend this website www.businessmall.com.au/ it has all of the above books and more its free postage within Australia I use it all the time..

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