For young people there is so much information out there that it is hard to make sense of it all, And with your old fashion spruikers still budding around to prey on inexperienced pigeons (hopefully that’s not you) so our reservations are warranted.
The worst thing you can do is guess or leave things to chance. Not everyone wins in the property game and with the market at peak levels now is more important than ever to know what you are doing, because mistakes in this game are costly (that’s if they don’t wipe you out).
I’m not here to put you off, in fact far from it, I am encouraging you too take that first step if you haven’t already and the best place to start is with knowledge. Think about your job that you currently do you wouldn’t just walk in off the street and be good straight away. No, in fact you need to be taught how first, and you will make mistakes or be unsure of what to do. Well it is no different in investing in property, without being taught you will make mistakes.
Here are 5 must read (or listen for the audiobook lovers) authors that I swear by and will fast track your property investment knowledge. In fact if you read all the books of these authors you would be more educated than 90% of property investors out there and you haven’t even bought a property yet.
- Noel Whittaker
Noel has been giving invaluable advice on all financial and life planning matters to millions of Australians for decades. The most often asked question to Noel is “why don’t they teach this advice at school “. Money Made Simple was the first book that I read when I was 18, and it completely changed the way I thought about money. I owe a lot of my successes to his books and if you haven’t already I would grab a copy of some of his stuff and get started.
Notable Books; Money made simple, The Beginner’s guide to wealth
- Robert Kiyosaki
Robert T. Kiyosaki is best known as the author of Rich Dad Poor Dad. This is the #1 personal finance book of all time, which has challenged and changed the way tens of millions of people around the world think about money.
His book title holds four of the top ten spots on Nielsen Bookscan List’s Lift-to-Date Sales from 2001-2008 alone. With an introduction like that it’s easy to see why he has made the list. I own this on audiobook and every once and listen to a chapter of wisdom.
Notable Books; Rich Dad, Poor Dad, Retire Young and Retire Rich, Second Chance: For your money and your life
- Steve Mcknight
Steve went a Robert Kiyosaki Seminar back in 1999 and it got him started in the chain events to become an ultra-successful property investor, writer and educator. He wrote his 1st book back in 2003 and went onto to become Australia’s #1 selling real estate book (currently having sold over 200,000 copies), and was awarded the status of ‘Business Book of the Year‘ in 2004.
Noteable: From 0 – 130 properties in 3.5 years, From 0 – 260+ properties in 7 years
- Margaret Lomas
I have lost count the amount of books Margaret has written but one thing I know is that they are all interesting and worthwhile reading. She can explain the fundamentals of property investing better than anyone else I have read. Margaret also hosts two weekly property investment shows on Sky News Business Channel 602; ‘Your Money Your Call’ and ‘Property Success with Margaret Lomas’ which are worth checking out as well
Noteable: 20 Must Ask Questions For Every Property Investor, How to achieve property success
- Michael Yardney
His books are great and he seems to write in just about every publication circling around the real estate game. Michael has been doing it for a very long time and is able to breakdown property investing 101 into easy and concise steps that by the time you have finished reading his books you will think you are an expert.
Notable: How to grow a multi-million dollar portfolio – in your spare time, rules of prosperity
