What does financial freedom mean to you? Not having to work? Being able to afford life’s luxuries without worrying about the cost? Financial security? Perhaps supporting the needy or disadvantaged? Well, if you believe and follow the conventional approach to investing then forget it! It’s unlikely you’ll ever be financially free because the way most people approach investing results in seven out of ten retirees ending up needing the age pension – a mere 25% of average weekly earnings – to survive.
You need a different approach, and in this book expert property investor Steve McKnight reveals how to start from scratch in today's property market.
Inside you'll discover:
Steve's exciting new two-part system for retiring richer, and sooner
Which properties make the best growth and income investments
What strategies are best for you, and why
How to buy more properties without working harder in your job
And much, much more
About the Author
Steve McKnight (1972 - ) rocketed to success by building a property investment portfolio of 130 properties in just 3.5 years.
Steve began looking for a way to escape the daily grind and his much-hated job as an audit accountant, and eventually found a way through property investment.
It was while attending an investment seminar in May 1999 that McKnight realised the value of positive cashflow real estate. He began his portfolio immediately with a $44,000 3-bedroom house in Ballarat, Victoria.
Unlike the strategy used by most property investors in Australia, what was special about this particular property was that the property investment was profitable from day one. In other words, after all expenses, the rent provided a small surplus.
Together with business partner, David Bradley, the pair quickly uncovered a series of tricks only known to "industry insiders", which let them purchase more property in three and a half years than most people will ever own in a lifetime - and in doing so, they quickly surpassed their goal of mere financial freedom.
1 Introduction 1
2 Changing times 3
3 Once upon a time 9
4 Reality check 17
5 Setting your income, asset base and time goals 25
6 Tell me how, now! 33
7 Where do I get money to invest? 51
8 Which strategy should you choose? 57
9 And now for Phase Two 71
10 Three steps, then you’re home 79
11 Final words 83