Written by Steve McKnight, From 0 – 130 Properties in 3.5 Years, provides the every day investor with a detailed guide to ‘passive’ property investment strategies.
From 0 – 130 Properties in 3.5 Years provides readers with more of a ‘how to guide’ than traditional books like Rich Dad, Poor Dad. In fact a large portion of the book aims to provide you with the tools you need to begin your journey towards financial independence.
Originally released in 2003, ‘From 0 to 130 Properties in 3.5 Years‘ tells the extraordinary tale of how Steve McKnight used positive cash flow real estate to achieve financial freedom in less than four years.
Featured countless times on TV, radio and in magazines, McKnight’s theories changed the thinking of a generation of investors and in doing so, gave hope and empowered investors to use real estate in a way to make money from day one.
Please note: The rules around finance and property have changed since Steve sat down and wrote this book, although the tenants and strategies around investing remain largely the same.
Personal Rating: 4.5 out of 5 stars.
Key take a ways:
- Creating passive income is possible and available to all property investors.
- Just because you cant find passive income properties in the suburb where you live doesn’t mean they don’t exist.
- There are three ways you can earn capital gains: buying below market value, adding value or creating a situation where demand exceeds supply.
- Capital gains cannot be banked on.
- If you want the same result as 92% of investors then follow their lead and invest in the ‘normal way’, which is negative gearing. If not, then you’re going to have to do something different in order to achieve a different outcome.
- Only once you know where you are now, and where you want to go, can you plot the quickest path to get there.
- Achieving financial independence is by no means easy, but it’s also no fluke. By breaking down your financial goals into a number of positive cash flow properties you’ll start to see you goals as more than just a dream.
- If you have the time and money to complete a deal on your own then I would suggest that you invest for yourself rather than sharing the profits.
- The more sources you use to find deals, the greater the chance of locating something that meets your requirements.
In part three of the book Steve looks at a five key strategies for making money in property:
If you are serious about learning more about each of these more unconventional property investment strategies I highly recommend this book as a starting point.
If you have any property success stories please let me know in the comments below…