My List of Property Books - Great For Those Starting Out!

As they say on RuPaul's Drag Race, 'Reading is Fundamental'!

I was doing a cleanup and have just listed a bunch of my property investment books I've bought over the years on Gumtree.

Doing this also prompted me: I should share a list of these books I've read as each of them have helped me tremendously; especially when starting out.

So, here in no particular order are some titles I'd highly recommend reading up on when it comes to property investment education (especially if you are just starting out!).

Rich Dad, Poor Dad (by Robert T. Kiyosaki)
Smarter Property Investment, 3rd Edition (by Peter Cerexhe)
The New Way to Make Money In Property, Fast (by Stuart Zadel)
More Wealth From Residential Property (by Jan Somers)
The Complete Guide to Property Investing in Australia (by Lucas Rogers)
The Effortless Empire (by Chris Grey)
My Four Year Old the Property Investor (by Cam McLellan)
Investing in Residential Property, 6th Edition (by Peter Waxman)
Top Australian Suburbs (by Peter Koulizos)
No Nonsense Guide to Buying & Selling Property (by Andrew Winters)
Value Investing In Property (by Gavin McPherson)
Masterclass For Entrepreneurs (by Prof. Tom McKaskill)

These certainly helped me along the way on my own journey!

 

Thanks, couple on there I had not heard of before.

 

Thanks... this will be a great starting point for newbies like me

 

Thanks, I'm currently looking for my next book and ideally I'd like a more modern one that takes the recent property legislation changes in Australia into account. Have any of these been refreshed for the current landscape?

 

I use the term loosely - for example, the 2017 changes around depreciation:

How Changes to Depreciation Legislation Impacts Investors | BMT Insider

A lot of the books I've read don't take that into account and so their positive cash flow calculations are overly generous, and not comparable to today (or you can buy something new, but you'll be forking out a lot more capital for it!)

 

Nice profile pic @C-mac

 

Right back at you

 

I would add 2 more books to this list:
* From 0 to 130 properties in 3.5 years (Steve McKnight)
* 20 must ask questions for every property investor (Margaret Lomas)

 

Ah - and whilst this thread is getting some eyeballs again, I have one other gem for everyone to share.

And, I've even attached a PDF of this book to this very reply. The PDF is a legal file and I am not breaking copyright law to post it. Why? In fact... this most excellent book is almost 100 years old, and is now able to be shared freely thanks to it being in the public domain now.

The book, The Richest Man in Babylon, is very short, more of a fable really; written a hundred years ago but set thousands of years ago in ancient Babylonia.

It is a must read and is foundational philosphy behind wealth creation. I wish I read this first to understand the principles of investment and assets. Many of those in 2020 into the FIRE movement (Financial Independence, Retire Early) consider this book gospel, to understanding early on, how to achieve an early retirement.

Enjoy

{Note from mods - attachment deleted}

 

Thanks C-man!
I will check this out. Sounds like a classic old style book.

 

Hi Simon - oh shoot thanks for that and thanks for removing the file attachment.

As Simon says, if you can get a hold of a copy of the book it is a fantastic read!

 

Michael Yardney million dollar portfolios book is very good ignoring the sales pitches

 

Also, I'm going to throw in to this Robert Kiyosaki. Whilst the books are not property-specific by any means (though Robert and Kim have amassed much of their wealth via real estate as one of their preferred asset classes), they are mindset books for investment and are very very good.

His most famous (and quickest read) is Rich Dad, Poor Dad. This one is so powerful in the concepts and parables it lays out, and is over 25 years old and the concepts STILL stand the test of time.

Where his books get really interesting though, are (and you need to read Rich Dad, Poor Dad before you tackle any of these...):

-The Cashflow Quadrant
-Why the Rich Are Getting Richer (my second favorite)
-Who Took My Money?
-FAKE (Newest and my new favourite)
-Second Chance (very good! Proves it is never too late to start a journey to financial freedom)
-Unfair Advantage

 

Never thought I would see a reference to Rupaul's Drag Race on here!!! Great post

 

Good evening C-mac, thank you for this very helpful post.

Masterclass For Entrepreneurs has a few volumes:

- Masterclass for Entrepreneurs on Angel Investing: Insights on how to develop successful angel investing outcomes
- Masterclass for Entrepreneurs on Angel Finance: Insights on how to successfully fund early stage ventures
- Masterclass for Entrepreneurs on Strategic Exits: Insights on how to leverage strategic value to achieve a very high price when selling a business
- Masterclass for Entrepreneurs on Business Growth: Insights on how to achieve higher growth in your business
- Masterclass For Entrepreneurs: Creative Solutions For Resilience, Growth And Profitability

Were you referring to one book specifically or do you believe that all of them are worth a read?

Thanks again for the post and have a great day.

 

One of the top 3 best books I ever read, studied and adopted his life philosophy. This guy hands down had a major impact on my investing.

 

Hi Ganador,

I've only read the last two on that list actually:

- Masterclass for Entrepreneurs on Business Growth: Insights on how to achieve higher growth in your business
- Masterclass For Entrepreneurs: Creative Solutions For Resilience, Growth And Profitability

The growth one was really good for me. I think many of the strategies and ideas for growth are relevant to building your investment portfolio (not just a business that sells products or services).

 

Rich Dad Poor Dad is a a load of garbage. Robert Kiyoski is a great example of some-one who cant do, so teaches , even though managing to make a fortune from selling books he went bankrupt . The likes of Chris Grey and Micheal Yardney are useful for deveioping a different way of looking at things and mindset but their strategy is flawed and twisted from reality for the purpose of selling books. MY seems to be very busy selling for some-one who claimed to be retired decades ago. Wasnt impressed with the garbage Stuart Zadel flooded my inbox with In Hind sight Margaret Lomas's simple common sense approach has trumped those advocating losing money, work your butt off, and hope for some unusable capital gain while not being able to diversify or leverage income. Had an argument with Chris Grey about investing in the likes of Ouyen and Lake Boga about 2 Decades ago when houses in Ouyen where 30k but panicked sellers were accepting 17k , Chris said dont invest there he couldnt be more wrong, houses are now 10x that and give 100% yeild on purchase price.