How to Grow a Multi-million Dollar Property Portfolio in Your Spare Timehttp://www.fishpond.co.nz/Books/How-to-Grow-Multi-million-Dollar-Property-Portfolio-Your-Spare-Time-Michael-Yardney/9781921332692
In this edition, the author includes a new introduction updating information for our turbulent times, updated statistics and some fine-tuning of some of his strategies. Michael Yardney explains how the present is only the past repeating itself. Busts follow booms which are followed by busts, but all the while well-located properties will double in value every 7-10 years. He gives readers a guide to where the Australian property markets are heading over the next 10 years and presents comprehensive evidence that the next property boom will be the biggest and should see us through to the middle of the next decade. He explains how this will be the last opportunity many baby boomers (aged 43-63 years) have for financial freedom.
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Reviews
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This is the first book I bought which was written by Michael and it was a great start to show what level of investor you are and where you can head towards. It talks also about the economic cycle, how the general market tends to behave, and he gives strategies which you can use to help leverage yourself in the Australian market.
I bought the book after I had paid out my mortgage and I (sadly) realised the truth of what he was saying. I'm not a fan of continued negative gearing for the rest of my life, but I do agree with his calculations showing how the investment works out in the end, based on my own experience.
If you want to secure your future, this book will give you guidance on what can be done and how it can affect your current and future levels of income from your property portfolio.
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