GENERAL
FUN
STUFF
Extract from Your Investment Property
Written for everyone who was trying to adapt my
first book to the investment property market, when there's soooo
much more to the story. This book is "Your Mortgage" on
steroids!
Extract from the intro...
Welcome to the wonderful world of investment loans and property. With this book I hope to answer all of your questions and more about buying and selling properties for profit. But you can also use or adapt many of the tips and shortcuts in here to buy or sell holiday homes, business premises, hobby farms or live-in fixer-uppers.
For those who don't know me from my first books, I must warn you that I have absolutely no formal qualifications whatsoever in the real estate or banking industries. Everything you're about to read is from personal experience gathered while I bought and paid off my own home PLUS three investment properties between the ages of 16 and 26. (And all of them in less than three years each while earning only low to middle incomes and without having to borrow against one to buy another.) They are also shortcuts and traps I discovered from helping to rescue others - free of charge of course, because unlike many other finance authors, I'm not interested or involved in a career in the finance industry.
My immediate goal is to keep your initial costs down, by focusing each book into self-contained specific financial goals, depending on your needs at any one stage in life. That's why the chapter on selling your home quickly is in this book, not in Your Mortgage.
Your Mortgage is for people starting out with a
clean slate.
Your
Money is to
help you get and keep a clean slate.
Your
Investment Property is
for people with or without a clean slate.
My goal of buying and paying out investments as fast as possible so I can move on to the next one debt-free is definitely NOT what you'll hear from any other investment specialist that I'm aware of. Even the reputable advisors seem to focus on debt maximisation and tax minimisation, aiming for capital gain in the long-term, while I focus on minimising costs and maximising profits in the short-term, using tax minimisation as an accelerator with capital gain as a bonus.
Why such different approaches? Well, I think of it as just two ends of the same solution and the multitude of packages that get offered to you in the investment marketplace usually fall somewhere at the far end from how I prefer to invest in property. My choice is based on the fact that I like to live debt-free and I've learned how to get the best out of every cent that passes through my pocket so I can.
The far end of the argument is based on the assumption that you don't mind being in debt and that you already are doing the best you can with your personal finances. We can debate the pros and cons of each side until we're all blue in the face, but neither side is particularly wrong. However, knowing that my alternative exists should arm you with the knowledge and confidence you need to find your own happy medium for your own circumstances. And yes, many of the tips and hints in this book should still apply to all reputable investment programs at the other end of the argument.
Sadly, no-one really teaches us about money management early on, so a lot of sensible, hardworking people are falling behind despite their best intentions. Too often, they’re sinking in way over their heads in debt and paying twice what they need to, while they’re chasing ‘future projections of growth’, instead of minimising debt and maximising profits to get ahead of the pack in leaps and bounds in the short-term. But more on that later. Just remember that no matter what path you choose for investment, always do what FEELS right for YOU.
Money is only part of the equation...
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Special thanks to Ben Cooper
for designing the anitabell.com logo used on this website,
as well as
taking the time to teach me how to make those really
cool book covers spin! Thanks Ben!