Our recommendations for self education on property investing

Inexperienced private investors may not think the job requires a lot of homework. Just flip through your favorite financial magazine and hope for the best. Unfortunately, that’s just not the case.

There are a number of reasons that most investment fails. But all the average person needs to know is that a failed investment was not a good one.

Private investors who are narcissistic about their investments, or think that the amount of money they throw at something will ensure success, will be absolutely shocked to see their money go down the drain.

Australian investors know how much more important quality is than quantity. Training yourself to think intelligently will go a long way toward helping you achieve your investment dreams. Here are five books to help you make that happen.

Wherever you are at in your journey into property investing, it is always wise to get educated.  We want to share with you some of the learning material that got us started and thinking on the right track. We were fortunate enough to start reading the right books at the right time.

Also, we did discover along the way, that some of the material was not directly related to our current strategy. However, it is still valuable knowledge in the long run, as it allows us flexibility in the future.

We will do a brief review on all of our favourite resource materials.

From 0 to 130 Properties in 3.5 Years – Steve McKnight

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This book is probably one of the easiest reads you will come across as an introduction into property investing.  The book contains a breakdown of McKnight’s journey into the property market.  He clearly explains the strategies that he and his business partner learned along the way.  Each chapter has a number of insights and tips highlighting key take-away points to learn from.  McKnight also talks about some of the reasons behind property investment, including financial goals.  The book is practical and we highly recommend it as an initial overview into what is possible with property investing.

The Cashflow Quadrant – Robert Kiyosaki

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In the Cashflow Quadrant, Robert Kiyosaki explains the four ways that people generate income – as an Employee, Self-employed, Business owner or as an Investor. Kiyosaki outlines how the Investor quadrant is where the real wealth lies. He spends time exploring what it means to earn income from the Investor quadrant, including various avenues of investing. He also includes a section exploring how your success is not just about what you do, but who you become –
“Moving from the left side of the Quadrant to the right side of the Quadrant is not so much about ‘doing’ but more about ‘being’”.

The book opened up my eyes to the limits of remaining as an Employee, and that I would not achieve my dreams by staying on the left side of the quadrant. Be prepared to have your thinking changed if you are going to pick up this book and read through to the end.

Property Millionaire: How Ordinary Aussies Are Building Millions Through Property

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They worked hard. But the real way they became so rich was by working smart. And this is a lesson every Australian can learn.

Property Millionaire by Fiona Jones and Nhan Nguyen features interviews with ordinary Australians who made a killing in the property business. We learn exactly what they had to do to get there, and in the process learn valuable lessons about the value of hard work and strong assets.

The world of real estate is about a lot more than just throwing money at the wall and seeing how much comes back to you. It’s about having a strategy and having a plan. That’s why you need to read the first-hand experiences of people who have been down this road before: chances are, they have quite a bit they can offer you.

Michael McCord’s Real Estate Investing

Michael McCord’s Real Estate Investing is an essential guide for Australians looking to learn the basics of the industry. Reading it is an absolute must because real estate investments, like any other investment, can fail.

What that tendency toward failure means is that real estate investors shouldn’t just invest heavily. Too often, the layman mistakes investing for “throwing everything at the wall and seeing what sticks.” That strategy will get you nowhere.

What you need is an intelligent strategy. But it’s hard to have that without looking at guides that present you with all of the information you need. Michael McCord does this incredibly well in this book.

If you read this guide, you’ll know exactly what you need to do to invest intelligently. And this can go a long way toward helping you succeed in a tough market for slow studies.

There’s no room to learn-as-you-go in the world of private investing. This book will let you go in with a well-stocked arsenal of knowledge.

The Book On Rental Property Investing: How To Create Wealth and Passive Income Through Intelligent Buy & Hold Real Estate Investing

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It’s no secret that a lot of real estate investors fail. But it is a secret that there is a set of mistakes these investors are making. And you, too, will make them if you don’t know how to avoid them.

On top of that, it can be nearly impossible for the young and enterprising rental property investor to get a good deal. Private investors who read this book will have more tools at their disposal to combat this pitfall.

For these reasons alone, this is a must-read.

Rich Dad Poor Dad: What The Rich Teach Their Kids About Money That The Poor and Middle Class Do Not

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Some of this generational wealth comes from the resources handed down to the next generation. But a lot of it comes through ideas. Rich parents teach their children financial values that many poor and middle-class parents don’t.

Private investors who read Rich Dad Poor Dad will learn how to create wealth for themselves and for the next generation within their families. On top of that, it’s an incredibly fun read: Robert T. Kiyosaki writes with a magnetism that will instantly attract you to the book.

That makes this one of the best books for Australian private investors.

Rental Property Millionaire

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Another one by Michael McCord, Rental Property Millionaire sees the guru giving incredible and indispensable financial advice to investors. Smart, elegant, and concise, this book will help investors of all stripes.

Why is this something both beginning investors and real estate pros need to check out? Because it takes you through all of the rules for success and the ways to avoid failure.

The most important thing for private investors to have is a good head on their shoulders. Michael McCord has a good enough head that most investors can benefit just through absorbing a few of his thoughts.

More Tips For Private Investors

If you’re ready to start investing, these five books are a great first step. But making it in the investment world involves taking a serious look at all of the facts and resources available.

That’s where we come in.

We know the Australian real-estate market inside-and-out. From up-and-coming neighborhoods to established hotspots and even suburbs, we know how to invest for whatever you’re buying.

If you look through our resources, we know you’ll get one step closer to the financial success you need. And because we understand that any advice can be difficult to grasp at first, we invite puzzled private investors to contact us with any questions they might have.