All Topics / Help Needed! / recommend a book for first time investing

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of prudence1811prudence1811
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    @prudence1811
    Join Date: 2012
    Post Count: 8
    December 6, 2012 - 10:42 am

    Hi

    I was wondering if anyone can recommend a good book that is basically (everything you need to know about property investing for dummies)?

    Regards

    Prudence

    Profile photo of Jamie MooreJamie Moore
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    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    December 6, 2012 - 9:35 pm

    Hi Prudence

    There's a heap to choose from on this thread – https://www.propertyinvesting.com/forums/community/heads-up/6845

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of AlasdairAlasdair
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    @alasdair
    Join Date: 2005
    Post Count: 34
    December 7, 2012 - 2:55 pm

    How about Steve McKnight's latest book …..

    https://www.propertyinvesting.com/resources/from-0-to-financial-freedom-steve-mcknight

    Profile photo of mattstamattsta
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    @mattsta
    Join Date: 2011
    Post Count: 604
    December 7, 2012 - 8:02 pm

    I like this book "Real Estate Finance and Investment Manual" by Jack Cummings. It is a great source of information!

    Profile photo of prudence1811prudence1811
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    @prudence1811
    Join Date: 2012
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    December 9, 2012 - 1:43 am

    thanks, i've purchased Steve McKnights latest book, and now have alot of other reads.

    Regards

    Prudence

    Profile photo of DerekDerek
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    @derek
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    December 9, 2012 - 3:34 am

    Hi Prudence,

    Rather tan trying to wade your way through all of the books – first work out which strategy seems to make most sense to you.

    I would suggest Steve's book/s from a cashflow perspective and Jan Somers books from a capital growth perspective.

    After reading these you may then have a clearer idea about which strategy suits you and your situation and then focus further reading on that theory/strategy.

    Profile photo of shereebeckershereebecker
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    @shereebecker
    Join Date: 2004
    Post Count: 31
    December 9, 2012 - 10:33 am

    Hi, Yes agree with Derek on the books, Steves books are good for general getting started and cashflow investing with formulas to help with your number crunching. Id suggest to not read one but many! Every author has their own spin/take on property and I've learnt something from every single book i've read on the subject, and still do. Once you have an idea of what you CAN do out there, and the different strategies, then you can narrow down the books to those that are specific to that type of field. And you'll find your interests change over time too, I went from negative gearing, to renovations and then to property options/vendor financing which is now my core business and main interest and theres plenty of books out there on all the first 2 subject areas. Not so much on the last topic but Rick Otton has his new book out How To Buy a House for $1 which has a more Australian based approach, the only others i know are more american based. For general ones theres also Jan Somers, Margaret Lomas books, Robery Kiyosaki ones although some differences with the american systems.

    Cheers

    Sheree

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