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How To Grow A Multi-Million Dollar Property Portfolio In Your Spare Time
This NEW 5th edition of this bestseller is a must for all property investors as it outlines a formula to build financial freedom in our new economic climate.
This book has become a property investment classic and is on the bookshelf of almost every successful Australian property investor.
It has been written for both beginning and experienced investors and the results have been proven by tens of thousands of Australians who have used the strategies laid out in earlier editions to grow their own Multi-Million-Dollar Property Portfolios.
In this fully updated edition learn...
* Michael's 5 Stranded Strategic Approach to investment that has stood the test of time and changing markets.
* How to achieve real wealth through property investment
* the hidden profit potential most investors miss when buying properties
* How to buy below market value and then add value for instant profit.
* Michael's pyramiding system to buy more properties with no money out of your own pocket
* Lessons from past property cycles that will ensure you reap the benefits of the new property cycle
* How to get the banks to say "yes" to more of your deals
* Advanced strategies such as tax "loopholes" available to property investors, power negotiating tricks and becoming a master at dealing with real estate agents.
* How to achieve the life of a property multi-millionaire living off the increasing equity of your properties.
ABOUT THE AUTHOR:
Michael is one of Australia's leading experts in wealth creation through property.
He was once again voted Australia's leading property educator and mentor and has been voted Australia's leading property investment adviser, is one of Australia's most published property authors and has probably educated more successful property investors than anyone else in Australia. But he is not a theorist...
Michael is a successful property investor and property developer and, as a director of Metropole Property Strategists, his opinions as a property commentator are highly sought after and frequently quoted in the media.
In this edition of this best selling book Michael helps you discover how the rich build their property portfolios to maximize their revenue, safeguard their assets and keep more money in their bank account.
Put simply...you'll be shown How to Grow a Multi-Million Dollar Property Portfolio - in your spare time.
This book has become a property investment classic and is on the bookshelf of almost every successful Australian property investor.
It has been written for both beginning and experienced investors and the results have been proven by tens of thousands of Australians who have used the strategies laid out in earlier editions to grow their own Multi-Million-Dollar Property Portfolios.
In this fully updated edition learn...
* Michael's 5 Stranded Strategic Approach to investment that has stood the test of time and changing markets.
* How to achieve real wealth through property investment
* the hidden profit potential most investors miss when buying properties
* How to buy below market value and then add value for instant profit.
* Michael's pyramiding system to buy more properties with no money out of your own pocket
* Lessons from past property cycles that will ensure you reap the benefits of the new property cycle
* How to get the banks to say "yes" to more of your deals
* Advanced strategies such as tax "loopholes" available to property investors, power negotiating tricks and becoming a master at dealing with real estate agents.
* How to achieve the life of a property multi-millionaire living off the increasing equity of your properties.
ABOUT THE AUTHOR:
Michael is one of Australia's leading experts in wealth creation through property.
He was once again voted Australia's leading property educator and mentor and has been voted Australia's leading property investment adviser, is one of Australia's most published property authors and has probably educated more successful property investors than anyone else in Australia. But he is not a theorist...
Michael is a successful property investor and property developer and, as a director of Metropole Property Strategists, his opinions as a property commentator are highly sought after and frequently quoted in the media.
In this edition of this best selling book Michael helps you discover how the rich build their property portfolios to maximize their revenue, safeguard their assets and keep more money in their bank account.
Put simply...you'll be shown How to Grow a Multi-Million Dollar Property Portfolio - in your spare time.
- GenresFinance
360 pages, Paperback
First published August 30, 2012
59 people are currently reading
207 people want to read
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Displaying 1 - 13 of 13 reviews
August 26, 2021
20% đầu dài dòng, ko thích kiểu viết nhử mồi của ông này. Khúc sau thì tập trung vô chuyên môn chi tiết.
Hữu ích cho người mới tuy nhiên não mình vẫn chưa thông lắm
Hữu ích cho người mới tuy nhiên não mình vẫn chưa thông lắm
February 20, 2020
Didn’t find this as useful as his other book which focuses more on ownership structures and financing portfolios. Entry level info and the editor needs to get sacked for the scores of typos.
November 4, 2023
1. 随着人口增长，车辆保有量也会增加，这就意味着汽车通勤会变得更为拥堵。作者认为，共享汽车会成为趋势，但同时，对于住房市场而言，人们会更愿意“live closer to where they work and end up trading space (a big front and back yard) for place (proximity to work, lifestyle and amenities)”。公司距离重要性变得更大。
2. 为什么人口增长？老龄化、出生率低，新移民填补劳动力空缺，需要住所。
3. 作者预测，接下来first home buyers将会成为房产市场的最大增长点。而退休潮的到来，老人们更愿意在本地，居住在更小的房子，但不会乐意去大house换公寓，所以townhouse会更被需要。
4. 服务业成为经济贡献的主要力量，就业也围绕服务业，那么，围绕CBD的Urban区域的房价会快速增长：CBD工作职位更多，Urban居住离工作地点更近，通勤时间更短。
5. 买什么类型的房子、什么时间买、买在哪里。这三个决策要素中，作者认为，在预算内尽可能买在好的地段。——具有capital growth的地方，比如inner and middle ring surbubs。
6. 作者认为，地段好的房子不愁没有升值空间以及购买需求。但是新房子就不还说了，因为他们往往位于远郊，这些地区没有更早被发展起来，经济潜力不够。
7. 已建成的房子更有议价空间，同时可以关注其过往销售历史及长期价格表现。
8. 拍卖环节
(1) 穿着得体，显得势在必得。自信、大声说出完整数字。
(2) 三个预算数字：①捡漏数字②市场价格数字③最多支付数字。预算设定不要整数，要有零头，比如653000。
(3) 如果流拍（最高报价没有达到卖家价位），最高报价者会有优先购买权，可以和卖家议价。不要跟着中介进到房子里，就站在外面聊。问题1，卖家的价位是多少？无论多少都要表现出惊讶，然后问题2，我知道卖家是想买高一些，但是最低价是多少。
2. 为什么人口增长？老龄化、出生率低，新移民填补劳动力空缺，需要住所。
3. 作者预测，接下来first home buyers将会成为房产市场的最大增长点。而退休潮的到来，老人们更愿意在本地，居住在更小的房子，但不会乐意去大house换公寓，所以townhouse会更被需要。
4. 服务业成为经济贡献的主要力量，就业也围绕服务业，那么，围绕CBD的Urban区域的房价会快速增长：CBD工作职位更多，Urban居住离工作地点更近，通勤时间更短。
5. 买什么类型的房子、什么时间买、买在哪里。这三个决策要素中，作者认为，在预算内尽可能买在好的地段。——具有capital growth的地方，比如inner and middle ring surbubs。
6. 作者认为，地段好的房子不愁没有升值空间以及购买需求。但是新房子就不还说了，因为他们往往位于远郊，这些地区没有更早被发展起来，经济潜力不够。
7. 已建成的房子更有议价空间，同时可以关注其过往销售历史及长期价格表现。
8. 拍卖环节
(1) 穿着得体，显得势在必得。自信、大声说出完整数字。
(2) 三个预算数字：①捡漏数字②市场价格数字③最多支付数字。预算设定不要整数，要有零头，比如653000。
(3) 如果流拍（最高报价没有达到卖家价位），最高报价者会有优先购买权，可以和卖家议价。不要跟着中介进到房子里，就站在外面聊。问题1，卖家的价位是多少？无论多少都要表现出惊讶，然后问题2，我知道卖家是想买高一些，但是最低价是多少。
May 12, 2018
Thank Michael!
Fantastic overview of a proven property investment strategy. This should be part of the school curriculum as it would surely serve our children better than 95% of what they learn in those twelve long years.
Fantastic overview of a proven property investment strategy. This should be part of the school curriculum as it would surely serve our children better than 95% of what they learn in those twelve long years.
December 28, 2020
Good insight to property investment, lot has been advertised about his own company
Good insight to property investment, lot has been advertised
about his own company.
Overall ok read, skim few chapters as they are repeated
Good insight to property investment, lot has been advertised
about his own company.
Overall ok read, skim few chapters as they are repeated
July 25, 2017
a bit repetitive, lots of spelling mistakes/format error, significant self promotion
June 3, 2018
There were spelling and grammatical errors throughout the book. The content was dry, repetitive and dragged out.
April 18, 2020
One of the best books for Australian real estate markets.
June 16, 2021
The book is certainly useful, but there is a tone of arrogance and a lot of spelling mistakes.
November 22, 2021
Rich dad poor dad vibes with no explicit mention. Beneficial for the Australian context. Typos weren’t impressive either. 3.5*
July 7, 2022
Great advice but as others have noted, there's plenty of repetition, self-promotion and typos Warren Buffet vs Buffett etc).
March 20, 2019
Comprehensive guide on how to invest in residential properties. A worthwhile re-read, for sure.
February 12, 2016
Again Michael did not disappoint us.
This book gives all the details of how to become wealth through real estate investing. He starts with few chapters with the basics for beginners and gets deeper into details with each chapter. The topics are well organised to give a flow to the teachings.
With each chapter the information is thoroughly researched and easily presented in a simplified way.
Although the book is about ‘How to grow a multi-million dollar property portfolio in your spare time,’ it is not guaranteed that after reading it you will make millions. However the advice has been working in my real life.
I recommend this book to those who are planning to get into real estate and also those who want to get the knowledge on how to maximise profits from real estate.
Readers must note that the researches and principles are based on Australian economic environment.
This book gives all the details of how to become wealth through real estate investing. He starts with few chapters with the basics for beginners and gets deeper into details with each chapter. The topics are well organised to give a flow to the teachings.
With each chapter the information is thoroughly researched and easily presented in a simplified way.
Although the book is about ‘How to grow a multi-million dollar property portfolio in your spare time,’ it is not guaranteed that after reading it you will make millions. However the advice has been working in my real life.
I recommend this book to those who are planning to get into real estate and also those who want to get the knowledge on how to maximise profits from real estate.
Readers must note that the researches and principles are based on Australian economic environment.
Displaying 1 - 13 of 13 reviews