which books explain the basics of property investing to motivate a novice

which books explain the basics of property investing to motivate a novice

15 years ago and since i read
the 7 steps to ealth by john l fitzgerald and found that simple and good

i read jan somers 3 books i thik 2 were better than the third
and i like how one showed people just buying boats travelling then panicking at retirement
unlike her who bought second hand stuff and put her money into property and after 10 or so years could afford to do whatever they wanted
they kept an old second hand pink couch i think to remind them of how they got there

how to pay off your mortgage in a5 years by someone who did it in a3 was great.
i met anita bell
she started buying property as a teen working part time at a supermarket
and by age 23 she had paid off 5 properties one at a time and never had to work
but she was very strict with her budget
if she ran out of toilet paper she wouldnt go out and buy toilet paper

people talk about rich dad poor dad but somehow i never took to that book but i beleive it talks about the power of compounding interest i think

what other books are easy to read and pus the point of putting in 10 years where you care ab out needs roof food bills not want not presents outings beauty treatments luxuries but then you can afford whatever you wat and be rent and mortage free and b uy a second or third property for security and income

 

Using some punctuation might be a good idea.

 

You have read most of what you need to read...when are you going to put it to practice...

 

Its not for me its for one of my children that i'm asking if you know of books that explain the basics simply
do you know of any books pls

 

I think the Margaret Lomas books are really simple to understand and they are good. She has a few but property success and the positive cashflow property ones are good. You can pick them up cheap online 2nd hand or buy direct from the destiny website.

 

Richest Man in Babylon is good for someone just starting out and learning how to save.

 

“Rich Dad, poor Dad” was the first book about investing I read when I was 17.

 

You can get them for free also by asking a question on her TV show.

 

That's right. You change your life by the actions you take not the books you read. Great to read though.

 

Agree, but sometimes you need to read the books first in order to take action. Leave it too long & you're faced with analysis paralysis.

 

I have a lot of books on property and personal finance generally. It is hard to retain information by reading I find. I think most people only retain about 10% of what they read. Nothing beats getting out there and doing the real thing or at least simulating it.

 

Totally agree! I read all the books on investing and renovating. But only really learnt from buying and doing some renovations myself. I used a bit out of the books when buying (particularly Margaret Lomas) just to make sure i didn't make mistakes that could have really hurt - but apart from that you need to get out there and do it - talk to agents, brokers, PMs, accountants and buy a couple. With renovating you learn as you go and a bit of youtube can help a lot.