Property Investing the Wealth Dragon Way Property Entrepreneur explains how anyone can make money from property, regardless of their financial situation. Author Vincent Wong is one of the UK's most dynamic and respected property entrepreneurs, and this book outlines his approach to creating wealth through property investing for both seasoned and aspiring investors. Emphasising the importance of treating property investing as a business, the author shares the wisdom of his first-hand experience and his investment techniques to help you navigate the ever-shifting property market and become a true property entrepreneur. There is more than one way to break into the property game, and it doesn't have to involve saving for one large deposit after another; this book covers tried and tested strategies beyond the traditional approaches to property investing. Whether you're contemplating your first, fifth or fifteenth property, Property Entrepreneur will help to light your entrepreneurial spark and show you how to turn property into profit. Property entrepreneurship is like any other if you want to succeed, you must take the time to learn from those who have mastered the best techniques. This book gives you access to the mind, motivations and methods of a top investor to help you start and build your own property business. This book will show Property investing can look daunting and complex to those without experience. The rules are constantly being rewritten, the goalposts are regularly shifted and the market looks like an unpredictable beast. Property Entrepreneur will challenge your preconceptions, and help you navigate the path to real, lasting wealth.
Initial thoughts: I'm so happy that this book was always led by ethical guiding principles. In everything the author sought to teach, he always pointed to win-win situations and demonstrated how he could solve other peoples' (sellers') problems and then generate profit for his business. This book isn't so much about the nitty gritty details of how property investments and deals work as much as the overarching framework, providing tools, an outline on how to get started, as well as challenges and their solutions. I especially appreciated the case studies in the last section that offered real life examples of the theoretical information covered in the previous sections.
I got this book free from a convention so I wasn't expecting much, however, I was happily wrong. I have a real-estate business and I brought this book to increase my knowledge of the business. The part of the book I found the most useful was the comprehensive sections on finding good property deals.
The aim of any good property business is to buy purchase properties below their value. Finding those deals is hard work though. I'm a part-time property business owner and I felt most of the strategies in the book are targeted towards people who want to start a real estate business full-time
my main takeaway from the book is that property companies are more focused on control rather than ownership. The more property you control the more you make. Leverage is import and the best deals are not on Rightmove but from hard graft.