Property Books on the Nose

Yay for Steve![]

I’m not surprised about Anita Bell’s book though. A friend lent it to me (and it has been discussed a little on this site) and I found myself vehemently disagreeing with her first two pages.

She stated that if you rented out your PPOR prior to moving in within the 12 months (and still get the FHOG) you can only claim the interest if your rent more than covers it!!

She also says that if at any time you move out of your PPOR and then rent it, you again cannot claim the interest. It MUST be positive geared she said.

It really made me question just about everything else she wrote, and I do remember disagreeing a couple more times with her ‘factual’ statements further on, but I wasn’t as vehement this time.[] I think it was more her opinion versus mine.

Cheers
Mel

I’ve noticed that property books are taking up less space on the bookshop’s shelves, and my weekly visits should probably be cut down to monthly!

A few comments that some might find helpful re property books appear at:

http://www.alphalink.com.au/~parkerp/invbook.htm

Re Anita Bell, her IP book is subtitled ‘…. triple your returns in 3 years’.

I must be going blind, but I couldn’t find anything that backed this up in the book apart from paying less interest and owning the property sooner. Also conspicuous is that she doesn’t say a lot about yield or cashflow and that the book is called ‘your investment property’ when four owned outright is probably a minimum for (frugal) financial independence.

Just wondering if Steve has ever done a TV or radio debate with either of the Wakelins? I reckon that’ll be fun viewing ; )

Peter

[]Steve….

Great stuff – bought your book five weeks ago and have just finished the second read! You should be impressed ….. it’s 10.30 on new years eve and I’m checking the Property Investing website!!! Such a profound effect you have on us !!!???

Coinciding with your wise and inspirational words, I have put in place some challenging goals. You pulled such alot of good stuff together and it “hit me” right when I needed it!!

I know from my short time browsing this site that many people have also been blessed to have come into contact with you….Happy New Year

Karen

PS This is my second post – no one responded to my first[] Maybe I’ll formulate a question next time so I can actually establish real communication (it’s not that I don’t have questions to ask – but rather WHICH one comes first???) Cheers

PPS Ah Ha! A question re. the article ….”What is the Millionnaire Apprentice Program mentoring scheme ???”

Steve,

Don’t worry about my first post[]…it was written to “still in school” (Exclusively Property – $$$$Flow Positive Stories 26/12) but he didn’t respond……and I’ve moved on now!!!!! lol

Steve – what is the Millionaire Apprentice Programme mentoring scheme???(as mentioned in the SMH article we’ve been talking about).

I’m aware that this forum is a brilliant informal mentoring opportunity…..and I’m definately reaping the benefits, but something tells me I need to hook up with an individual at some point in this journey – if only fleetingly – and I’m yet to find the right person. My individual financial circumstances do not fit the basic mould, and I’d really love to put it all out on the table for perusal by someone further down the track than me. Ideally this needs to happen in these early days while I’m formulating my “tactics” (thanks for the Goal Setting plans [] in the Dec newsletter).
My accountant is not quite the right person and he probably thinks I’m one sheep short of the top paddock at present (viz a viz my multiple property investing aspirations)!!

Thought any mentoring scheme you’re involved in has got to be worth further investigation[]

Karen

Helllo Steve,

I was dissappointed to learn that the MAP was not available, but then ………

“Go on in the certain way, and if you do not receive the thing, you will receive something so much better that you will see that the seeming failure was really a great success.”

Wallace D. Wattles

Regards

Karen

P.S. Are you sure you don’t want to replace someone who has fallen off the programme with someone who won’t?

Risky, there is a commercial book out now – it’s written by Martin Roth of Top Stocks xxxx fame and lots of share books. I can’t recall it’s name off the top of my head though, but it does exist.

Cheers
Mel

quote:

---

Originally posted by Kazonthebeach

I’m aware that this forum is a brilliant informal mentoring opportunity…..and I’m definately reaping the benefits, but something tells me I need to hook up with an individual at some point in this journey – if only fleetingly – and I’m yet to find the right person. My individual financial circumstances do not fit the basic mould, and I’d really love to put it all out on the table for perusal by someone further down the track than me. Ideally this needs to happen in these early days while I’m formulating my “tactics” (thanks for the Goal Setting plans [] in the Dec newsletter).
My accountant is not quite the right person and he probably thinks I’m one sheep short of the top paddock at present (viz a viz my multiple property investing aspirations)!!

---

Hi Karen

Welcome to the forum, albeit a tad late[].

I just wanted to highlight something to you, when starting out in an entirely new direction the need for someone to show you the way is strong … but keep doing what you have decided to do and you will move forward all on your own.

I have been where you stand now – only 9 months ago, Oh my god it’s actually been 11 months since I came here, wow! Anyway before you know it you will be telling somebody else your story to encourage them to embrace the fear factor and take your time.

You are well on your way already. We also identified our accountant was wrong for our new plan so we went and found the best.

Good luck with your future, you are going to be great![^]

Steve

Well done on the article praise, it is well deserved, as you know I have recently been reading it and am impressed but not surprised at it’s simplicity and bulging facts, just like everything else that I have read of yours and Daves.

At the begining of last year we made a News Year Resolution to buy “our” investment property (meaning the only one we expected to ever buy) of course a neg geared unit and this past NY we didn’t even bother with a resolution to buy more IPs – it’s just expected now!

Thanks for being there to help us along the way, also a thanks to Dave, Brent, Sooshie, AD, Wilandel, Mini and everyone that gave their support throughout last year.

I hope I can return the favours someday.

Kind regards
Leigh K[]

Carve your own path and lead the way …

Hi Steve,

I don’t just want to add another “I think you’re great too” message – although I do.

I would like to say that I have read many, many books and the reason I have benefited most from your book is that:

1) It is easy to read
2) It is well laid out
3) There are easy to understand examples of all the points and ideas you are trying to convey
4) You are able to justify your decisions with logic
5) You acknowledge that other people will have other ways of investing in real estate
6) It made me believe that as long as I believe I could do it, I could.

Thanks for writing a great book and sharing your journey with us.

Cheers,

Suzanne

“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney

Hi Steve,

As residential property is extensively covered in books how about a slight deviation into development, or buying land then building and selling/keeping but on a small scale.

This is an area I have found lacks quality information.