Today I wanted to talk about the five best books on property investment that you should
read if you are an Australian and considering investing in property.
I am Ryan McClain from PositiveCashFlowAustralia.com.au where I teach people like your how to find
and invest in positive cash flow property and if you want more information and details,
step-by-step guides on how to find positive cash flow properties, then I put that all
in my product membership site which is PositiveCashFlowAcademy.com.
So you can head over there and sign up if you are interested in knowing exactly how
to find positive cash flow properties.
Today, I am talking about books and more specifically the five books that I recommend for Australian
property investors.
Book #1, which I have talked about a myriad of times on this podcast is Steve McKnight's
book 0 to 130 Properties in 3.5 Years.
This is like my pinnacle of real estate investing books and one of the reasons I love this book
so much is that when I was 16 and when I was about to get on an airplane and go on a family
holiday, I picked up this book and made my dad buy it for me and it changed the way I
thought about property forever and it is probably the reason why this website and this video
exists today.
0 to 130 Properties in 3.5 Years is great because it showed Steve and his business partners
venture on how they actually accomplish this fate and it also goes into details about individual
properties and it looks through the numbers and how he got the point where it was positively
cash flow and what his cash-on-cash return is.
So it is a really great book because it talks about the property market in Australia, talks
about managing your finances.
It looks it had a __1:58____ cash flow properties and overall it is just a fantastic rate.
Also covers things like property wraps which is when you sell by own or finance, when you
already have a loan on the property and it goes into all these great details and I recommend
it as the #1 buy.
So if you want to get access to that, you can purchase it through Fishpond which is
an Australia bookstore, got to pca.im/130.
That is an affiliate link.
You will not pay anymore, but it helps to support PositiveCashFlowAustralia.
So thank you very much if you go through that book.
Book #2 is How to Create an Income for Life, which is my Margaret Lomas.
So Margaret has written many books.
I think it is going on 10 or more now about investing in property in Australia and more
specifically investing in positive cash flow property.
I remember reading one of her books.
It was the Pocket Guide to Positive Cash Flow Property and I was reading it as I was driving
with my dad from Sydney to Lifco when I was about 17 years old to go out and look at property
out there.
So I have read many of her books and this one How to Create an Income for Life is my
favorite of hers and it is a great read to teach you not just about investing in positive
cash flow property, but more about how to think about investing in property so that
you can attain financial freedom in the link, it is pca.im/incomeforlife.
Book #3, which is From 0 to Financial Freedom which again is by Steve McKnight, but it is
its most recent book.
So obviously since 2001 when he first released 0 to 130 Properties in 3.5 Years, the Australian
market has changed dramatically and the property market is not what it used to be and Steve's
strategy of buying cheap properties that were positively __4:00____ 130 of them may know
what for every investor today.
So Steve takes a fresh look at the property market and how he would go about achieving
financial freedom.
Again, if he was to start investing in 2013 or 2014 or 2015.
So From 0 Financial Freedom is a great read that you should get your hands on as well.
So just go to pca.im/freedom if you are interested in that one.
Book #4 it is an oldy but it is a goody and it is Seven Steps to Accelerated Wealth by
John Fitzgerald.
This was one of an early, one the first property books I read after I read Steve McKnight's
book and it was given to me by my pastor at that time.
I went to him, he was a successful property investor and I said I want to learn about
property, I want to become a successful investor and he lend me this book to read and it does
not talk about positive cash flow property per se but it talks about neutral cash flow
property.
It talks about building well through growing the equity and growing the capital gains and
even achieving financial freedom through the growth in equity that you can attain.
So I do suggest reading that book as well.
Just go to pca.im/7steps.
Book #5 is Rich Dad's Guide to Investing by Robert Kiyosaki.
This is not specifically a property investing book but it does talk about property investing
in general and it also goes into more detail about share tradings and using options and
stuff in shares as well.
So to great overview that anyone who is interested in learning more about investing.
The reason I love this book is it leads on from Rich Dad, Poor Dad and the Cash Flow
Quadrant which are two books that I recommend as well.
But he talks about how he recommends people investing property because it is like a mini
business and it helps us to understand cash flow in, cash flow out, and helps us to learn
and to manage that and I think one of the best things that we can get as investors is
experience and Robert Kiyosaki just gives us a great overview of investing in general
and investing in property as well.
It is a very easy read.
He uses lot of stories and I got the audio book and I went through it in like a day because
it was just so good and that was the second time that I have been through it as well.
So, today you have the five best books on property investment that I recommend.
If you are an Australian property investor or if you are wanting to get into the property
market, again it is 0 to 130 Properties in 3.5 Years by Steve McKnight, How to Create
an Income for Life by Margaret Lomas, From 0 to Financial Freedom by Steve McKnight,
Seven Steps to Accelerated Wealth by John Fitzgerald, and Rich Dad's Guide to Investing
by Robert Kiyosaki.
The #1 that I recommend is still 0 to 130 Properties and the link for that, if you are
listening to the podcast and did not quite catch it, is pca.im/130 and that will redirect
you to Fishpond.
I buy all my books through Fishpond.com.au because it is kind of like Amazon in Australia,
not quite as good but it has the biggest range and I will find that if I go to a book store.
There are so many of them that have closed down but they never have the book that I want.
I always had to order it in and I may just buy it online, it is cheaper anyway and so
I always go through Fishpond.
So I hope that this has helped you look at some books.
If you want to look at our full list of 30 books, go to PositiveCashFlowAustralia.com.au/books
and you can get a full list of 30 books that I recommend.
So if you get through the five and you want to keep going, then there is more for you
over there.
So until tomorrow, stay positive.
Here is a link to go to another video that I recommend if you want to get educated and
you want to invest in property right and it is a video about assets and liabilities and
redefining them and not just necessarily take what the dictionary says or what our accountant
says, but actually redefine assets and liabilities so that they work for us and so that they
help us to achieve financial freedom, which is our goal anyway.
So check out this, click the link and if you are listening or if you are watching, please
subscribe in i-tunes or subscribe below in YouTube because it helps the channel and it
means that you would never miss another episode.