Join Australia's most dynamic and respected property investment community

Book recommendations

Discussion in 'Information Resources & Tools' started by Small_investor, 27th Jun, 2016.

  1. Small_investor

    Small_investor Active Member

    Joined:
    22nd Jun, 2016
    Posts:
    30
    Location:
    melbourne
    Hi can you guys recommend some good books for creating wealth and everything related to IP's for beginners thanks
     
  2. House

    House Well-Known Member

    Joined:
    13th Sep, 2015
    Posts:
    868
    Location:
    Sydney
    Big book list here- Book list

    But anything from Margaret Lomas, Jan Somers, Steve McKnight, Pete Wargent, Noel Whittaker or Michael Yardney would be a good start. Check your local library or Vinnies;)

    Also highly recommend reading all of Terry's Tips
    Terry's Tax Tips
    Terryw's legal Tips Index

    Decent free book from Chris Gray- Book | Your Empire
     
    Last edited: 29th Jun, 2016
    Small_investor, pinewood and Terry_w like this.
  3. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,312
    Location:
    Sid en e - olympic city
    Books bore me, still have not read an investment book yet, although I do own one.

    Everything is here, not only that, it talks to you....you can even have some comedy on the side, what else could you want ?
     
  4. Small_investor

    Small_investor Active Member

    Joined:
    22nd Jun, 2016
    Posts:
    30
    Location:
    melbourne
    You are right, books can be boring. But it's good to have another source of knowledge and reference specially coming from very successful people.
     
  5. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,621
    Location:
    Sydney & Gold Coast
    While I agree this forum has a wealth of info - 90% of what one could need, there's a lot to be said for the book format – they're immersive, deep, substantial and holistic. I devoured dozens of books while I scoured Somersoft. BOTH were critical.

    @Small_investor, the book list linked to is pretty intimating, so here's a few that I thinks match what you're asking that had a big impact on me. Google them for more info:

    George Clason - The Richest Man in Babylon
    Jan Somers - More Wealth from Residential Property
    Jane Slack Smith - Your Property Success with Renovation
    Jeff Olson - The Slight Edge
    Napoleon Hill - Think and Grow Rich
    Pete Wargent - (any of his books are great)
    Thomas J. Stanley - The Millionaire Next Door

    www.mrmoneymustache.com
     
  6. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,312
    Location:
    Sid en e - olympic city
    Many of the opinions formed here probably come from an interpretation from books as well (probably the best bits).

    Also some are probably successful from book writing and speaking, so be selective, treat as a guide, many may also be outdated by things like financial changes.

    Not saying do not do it, I do not like books at all for various reasons, carry on though if it works for you :) It also cannot hurt if not taken literally and you enjoy book reading.
     
  7. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,312
    Location:
    Sid en e - olympic city
    What was the critical 10% that you could not get from here, besides an exercise in reading (which is fair enough if you enjoy) and then no matter how good a book is, even if it seems written just for you, it cannot interact.

    I suppose it will depend on your background, I had a very good understanding of property way before I bought first one, but not on investing, what am I missing by not reading these books that is kept away from the forum here ? genuinely curious.
     
  8. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    2,621
    Location:
    Sydney & Gold Coast
    Depth, immersion, substance, holism. :)

    There's something to be said for both formats.
     
  9. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,927
    Location:
    Canberra, Brisbane and Sunshine Coast
    The Jan Somers book is a personal favourite - it was the first IP related book I read. It's great for learning the fundamentals.

    Cheers

    Jamie
     
    Terry_w likes this.
  10. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,312
    Location:
    Sid en e - olympic city
    I thought of a good reason for people new to property, organisation.

    Book is organised in layout, and should flow, the forum is chaotic, ad hoc and can be hard to find things.

    I do not think there is a lack of depth, detail, substance etc, I can see the above would be of great value to many.
     
  11. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    8,165
    Location:
    Sydney, Brisbane, Taiwan, London
    A good book to add to your library imo. Talks about a lot of good concepts related to success. Nothing amazingly 'new' but I liked it and found myself highlighting a few things. I'm also a fan of the series he's in Million Dollar Listing (Los Angeles). Yes i'm sure some of the dialogue is for the camera but I still got value out of watching the series, and also watching some amazing deals being done with interesting negotiation tactics.

    ja.PNG
     
  12. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    8,165
    Location:
    Sydney, Brisbane, Taiwan, London
  13. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    4,121
    Location:
    Perth WA
    That would be a good one - have you read any by Martin Seligman? Also excellent - he's a pychologist. Learned Optimism is great, and there's a kid version too. Actually really important reading these days, when so many people are depressed.
     
    Toon likes this.
  14. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

    Joined:
    18th Jun, 2015
    Posts:
    4,121
    Location:
    Perth WA
    @dabbler - I think that's why books are important, there's more to learn about 'investing' than simply investing.
     
  15. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    8,165
    Location:
    Sydney, Brisbane, Taiwan, London
    Yes I really like his material. I haven't read Learned Optimism but i have Flourish which is another great book by him.
     
  16. Leo2413

    Leo2413 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    8,165
    Location:
    Sydney, Brisbane, Taiwan, London
    Agree. The wisdom, knowledge and self help you can gain from a multitude of various books is staggering.
     
  17. Anthony Brew

    Anthony Brew Well-Known Member

    Joined:
    18th Feb, 2017
    Posts:
    650
    Location:
    Australia
    Which book are you referring to?


    When I do a google search for Jan Somers it comes up with 4 books.
    Building Wealth Through Investment Property (1992)
    Building Wealth in Changing Times (1994)
    Building Wealth: Story by Story (1998)
    More Wealth from Residential Property (2001)​

    But on her site, it only shows the last 2 for sale.
    Does anyone know if the last 2 contain everything from the first two making them unnecessary? Ebay has the first 2 also, but I am not sure if they are necessary if you read the last 2?
     
  18. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    2,927
    Location:
    Canberra, Brisbane and Sunshine Coast
    This old school one.

    Cheers

    Jamie
     
    Anthony Brew likes this.
  19. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    2,328
    Location:
    221B Baker Street..
    Half way through ..Steve Jobs by Walter Isaacson..

    The real life story about this Man is a bit more interesting ,,and the way he used his natural intensity and the people around him..Very Powerfull Book about ruthless my way or the highway business mindset..
     
    Terry_w likes this.
  20. Lawrence Barnes

    Lawrence Barnes Well-Known Member

    Joined:
    13th Sep, 2017
    Posts:
    109
    Location:
    Brisbane
    I have read pretty much all the investment property books i could lay my hands on and the best ones by far are Michael Yardney's books. His strategy works. Margaret Lomas has the best intentions but it does not work.