You may be surprised to learn that according this new book by property experts Ben Kingsley and Bryce Holdaway, you don’t need to accumulate a 10+ property portfolio to create a $2,000 passive income in your retirement. Nor will you need to spend more than 10 hours a week managing your portfolio when you have everything in place. Sound easy? Well that’s why it’s the ‘Armchair’ guide. Of course, when you’ve started your early retirement and are enjoying this level of passive income, you’ll probably spend your time travelling, having fun with family and friends, enjoying your sports and hobbies rather than sitting in your armchair!
The Armchair Guide to Property Investing is a comprehensive book. Readers are given all the fundamentals about investing, money and risk management, as well as the tools to get them started in the first two parts of the book. In the third and final part, the authors share the 18 investment strategies that in their vast experience have worked for thousands of their clients – and themselves – over the years.
The last chapter discloses six case studies where you will discover how six very different investors – a young single, a couple who started investing early, a couple who left it a bit late (luckily it’s rarely too late), a single parent and a couple with no kids – all built portfolios which will deliver $2,000 income in their retirement. And it’s written in plain-English, in a friendly style that makes it an easy book to read.
About the Authors
Ben Kingsley (left in the photo) is the CEO & Founder of property advisory company Empower Wealth. He is chair of the Property Investment Professionals of Australia (PIPA), Australia’s industry body for property investing professionals; he is a Qualified Property Investor Advisor (QPIA), mortgage broker, investment analyst and buyer’s agent. Ben is driven to better educate Australians about property investing and help them strive for a self-funded retirement.
Bryce Holdaway a partner in Empower Wealth. He is the co-host on Foxtel’s Lifestyle channel of ‘Location Location Location Australia’ and ‘Relocation Relocation Australia’ (both shows screen globally!). He is a qualified (but reluctant accountant), qualified financial planner and buyer’s and real estate agent. Bryce shares Zig Ziglar’s philosophy: “You can have everything you want in life if you just help enough other people get what they want”.
Reviewed by 2 customers
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This book is one of the best property investment books I have read. It's simple to follow and comes across very balanced. There is loads of very good advice with steps to guide me so I feel very prepared to invest in property!
Completed your book over Christmas and what a great read! Really enjoyed it - packed with so much insight and practical wisdom into the property investment journey. In fact, I'd put this book alongside Robert Kiyosaki's "Rich Dad, Poor Dad" as one of the best books on property investing I've read. Fantastic!
What I like most about it is that it seems to strike a balance between the article Bryce wrote in 2013 which was chasing $2500 per week in retirement income, vs his article in 2015 which was chasing $55K per year (roughly $1057 per week), and particularly that $2000 a week could be achievable with just 3-4 properties. Obviously, that would only be possible with very good capital growth and yields over time to retirement, but I guess that's why one invests in a decent buyer's agent!
One of the best take aways I found with the book is the "investment grade" vs "investment stock" differential. I believe this must be the key to making a wise property decision, and that every asset selection is critical for the model to work, hence finding that investment grade asset in the right location is paramount. I think this is what has been missing from our previous forays into property investment.
Thank you for taking time out of your very busy schedules to write this down to earth, and very helpful guide for the everyday property investor. I really hope it does extremely well, and that Empower Wealth goes from strength to strength during 2016. All the very best!
Number Of Pages: 240
Published: 30th November 2015
Publisher: Major Street Publishing
Country of Publication: AU
Dimensions (cm): 20.3 x 13.3 x 1.7
Weight (kg): 0.33