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From 0 to 260+ Properties in 7 Years Kindle Edition
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From the Publisher
From the Inside Flap
1. Profit From Expert Advice
It makes sense to learn from a trusted and qualified source. Steve McKnight is a qualified chartered accountant with extensive property investing experience. Steve’s techniques have been successfully used and applied by tens of thousands of investors.
2. Gain The Investing Edge
The content is completely new! Each chapter contains never-before seen information and insights presented in an entertaining and easy-to-read style.
3. Avoid Making Huge Losses!
Chapter 10 reveals exactly what to do in the event of a property market meltdown. Be prepared by taking action while there’s still time.
4. Maximise Your Property Profits
Discover specific and practical strategies, together with relevant examples that reveal how other successful investors are making stacks of money from real estate right now.
5. 100% Satisfaction Guarantee!
If you don’t think reading this will increase your property profits by at least 10 times the cost, then send it back for a full refund!* It’s simple ― you either profit or don’t pay. You can’t lose!
- ASIN : B008A31R42
- Publisher : Wiley; 1st edition (6 June 2012)
- Language : English
- File size : 5088 KB
- Text-to-Speech : Enabled
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 400 pages
- Best Sellers Rank: 136,124 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
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But where I lost it is when I got to page 97 where it suggests Vanessa should sell' her primary home at a current value of $1.3m with $350k mortgage and using the equity purchase more rental properties which will enable her to buy "an even better home later"........which make the authors calculations work out nicely.
1/ Vanessa and her family will need to be paying rent for the next few years while she "makes the pot of gold at the end of the rainbow"
2/ Vanessa will need to pay stamp duty "again" on her primary residence when she "RE"purchases it.
3/ Vanessa's primary home is going to go up at about 7% per annum as well.....so unless she's making an extra $91,000 a year from the additional rental properties she's acquired........her primary home is costing her more later than she's made from selling it.
I challenge anyone to read this book without throwing it at the wall at least a few times.
Having said that I ploughed through the rest of it as the book is paid for (and I think I did pretty well reading 97 pages in one sitting) but seriously.....how did an editor let this go to press without critical review is beyond me.
If you are on the fence about investing then I encourage you to read this book as its good for you in the long run.......think of it like forced savings, but with the added advantage of leverage.
If you are an experienced investor you can afford to lose the $20 this costs you to buy however if you think there is a secret in this book on how to get to 260 properties (and seeing the author talks about selling often....I think there should be an asterisk with how many he held at any one particular time.........eg its more of a property flip book than a property buy and hold and live off the rental returns book).
But in the end I'm glad I read it.........though I wish some of my money went to an editor rather than an amateurish first draft self publication style book.
There was a bit of repeat info from the first one but still loads of new information.