How To Grow A Multi-Million Dollar Property Portfolio - in your spare time

Michael YARDNEY
How To Grow A Multi-Million Dollar Property Portfolio... in your spare time
Paperback

In this book, which comes complete with insider tips that the author has learned from his years in the property industry, Michael Yardney reveals;

• How to achieve real wealth through property investing
• The hidden profit potential most investors miss when buying properties
• How to buy below market value and then add value for instant profit
• Michael's pyramiding system to buy more properties with no money out of your pocket
• Lessons learned from past property cycles that will ensure you reap the benefits of the coming great property boom
• How to get the banks to say "Yes" to more of your deals
• Advanced strategies such as the tax "loop holes" available to property investors, power negotiating tricks and becoming a master at dealing with real estate agents
• How to achieve the life of a property multi-millionaire living off increasing equity of your properties

Click Here to read the introductory chapter of this book

 Click Here to read what others have to say about this book

Since the first edition was written over 2 years ago, the property markets throughout Australia have changed dramatically. On the East Coast the markets have moved out of their slump to a strong market and in Perth and Darwin the property markets have slumped. When I first wrote my book I was alone in saying that it was time to take advantage of the countercyclical opportunities our property market presented, when others preached doom and gloom. Now many other commentators have realised I was correct. Our changing economic conditions, interest rates and property markets mean that some of the strategies, techniques and ideas initially discussed now need to be updated. All this means is that the new edition of the book will be a valuable resource for both the beginner and experienced property investors for the foreseeable future.

RECOMMENDATION:
Covers a broad range of topics not normally covered in most property investing books. Great for all levels of experience.

 
Table of Contents...

"For me this book says it all. It gave me clarity and direction. Ihave already reccommended this book to some of my friends. It is the only place to start!! Thank you Michael."

Julie Herbert, WA

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"Michael Yardney is an expert in his field and in this book; he demonstrates just why his knowledge and skill are so well regarded across the country. 

The book is simple to read and full of powerful information that will guide all investors to improve their wealth. I recommend this book to our clients and encourage them to implement the strategies found within these pages."...

Dale Gatherum-Goss, Accountant, Gatherum-Goss & Associates

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"This book is an excellent companion and reference work for anyone who is serious investor. I was particularly impressed by the section on Negotiating and dealing with real estate agents and the chapter on the Advanced Strategies.

Michael has raised the bar in terms of what is meant by putting something back into your Industry. Congratulations" ...

Rob Balanda, Senior Partner of McDonald Balanda & Associates, Solicitors Gold Coast, Author of the Made Simple Series of products.

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The book has a lot of practical information and covers topics that are critical to beginner and advanced investors. I highly recommend this book to our clients and encourage them to take massive actions.".....

Bill Zheng, Founder, Investors Direct Financial Group

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"Michael Yardney has become one of my most respected personal mentors and friends since I have been in the property industry."

After reading this book - I can see how amongst the many books out there on property investment strategies - this is by far one of the easiest to read and most importantly - to apply information. The other important factor about this author is that he is living the lifestyle that he talks about in the book. I would highly recommend this book to any of my colleagues in the property field.".…..

Stan Zaslavsky; The Fortune Group

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'Michael Yardney's How to Grow a Multi Million Dollar Property Portfolio - in your spare time, contains an incredible wealth of real world insights form someone who has done it all himself.

I've seen what he has achieved and what his clients have managed to achieve so I know that this book should help both the novice and the experienced investor with an abundance of investment strategies.' .....

Perry Venakis

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"We couldn’t have done it without him. Michael, through his company Metropole, has provided us with the practical advice and expertise to put into practice many of the property investment strategies he discusses in this book. 

From being wage earners trying to pay off our mortgage, we are now on our way to funding our retirement through passive income from our properties."…..

Helen and David Kennett

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"For me this book says it all. It gave me clarity and direction. I have already reccommended this book to some of my friends. It is the only place to start!! Thank you Michael."

 

Julie Herbert, WA

 

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Introduction

This is the introductory chapter of "How to Grow a Multi-Million Dollar Property Portfolio - in your spare time"......

Let Me Be Your Millionaire Mentor

Would you like to become rich by investing in real estate - possibly very rich? Then this book is for you.

You should be aware from the outset that there is no safe way to get very rich from real estate quickly. It takes time, but simply owning a home during the recent Australian property boom has made money for an incredible number of people. This rise in real estate values meant that many home owners saw their household wealth increase substantially.

But another group of Australians discovered how to profit in ways other than just owning their own home. They became real estate investors and bought additional properties.

Most investors recognise that the performance of real estate as a financial asset is astonishing. What you may not know is that opportunities still abound in the property markets and those opportunities will continue to exist throughout this decade and well into the next.

Through this book I am going to be your property mentor and will argue that over the next decade almost every reader will be able to build themselves a multi-million dollar property portfolio because I am going to give you an insider's view of how the professionals invest in property. This means you will be able to grow your property portfolio faster, yet more securely, than most and in a way that will have the banks support you.

And the real benefit is that you that will be able to become financially independent. You may be able to replace your day job with your property income and only go to work if and when you choose.

As your mentor I will show you how to get set for, and take advantage of, the next great property boom, which will create a new group of property multi millionaires in Australia over the next decade.

You see, in Australia we are witnessing a major shift in the demographic composition of our nation - the types of people who live here, how they want to live and the types of properties they want to live in. This phenomenon is expanding our real estate markets and creating tremendous opportunities.

Those of you who are home owners are already participating in the real estate market to some extent as the values of your homes increase. But most home owners haven't taken advantage of the recent property boom because they did not realise the many ways they could leverage the equity in their homes to increase their stake in the market.

There will be a continual strong demand for housing from our various generational groups, including the Baby Boomers and their children the Generation X, and the many new immigrants who will need to come to Australia to boost our work force. This will ensure that the long-term fundamentals for our property markets remain excellent and the next property boom will continue well into the next decade.

As your mentor I want to persuade you to take advantage of the opportunities that will arise in Australia's property markets over the next few years.

An Insider’s Perspective into the Property Market.

Many years ago I made a decision about my future that I’ve never regretted. I decided to start exploring ways to become financially independent by investing in real estate.

As I write this today I’ve been at it for well over 30 years as a real estate investor and developer and I’ve bought sold, leased, developed, built and project managed residential, commercial and industrial real estate worth hundreds of millions of dollars. I head one of Australia’s leading property groups – the Metropole Group of companies – and I’ve made many millions of dollars for myself and my family, as well as creating wealth for our clients.

It’s been an amazing journey and, while I don’t claim to be the world’s greatest real estate expert, I have a wealth of experience and knowledge that has created massive profits for hundreds of clients.

As your mentor and as a property ‘insider’, I’m ready to share this information with you, and have sprinkled this book with exclusive insider tips. I also have special bonuses available through the internet exclusively for the readers of this book.

Increasingly these days I’m dedicating a lot of time to speaking at seminars about property investment and property development throughout Australia and South East Asia, helping others to find their own way on the path that I’ve taken.

So, why did you pick this book up and why should you read it?

I’m guessing that it’s because you’ve made a decision too. If you’re ready to start a life-changing journey by exploring ways to invest in real estate over the long term then you will find that what you have in your hands is an invaluable guidebook that can help direct you as you take your first steps on what should be an incredible journey.

For those of you who already own investment properties there are plenty of advanced property investment strategies in this book including a number of concepts I haven’t seen written in property investment books before.

At my seminars I often ask, ‘Who wants to build a multi-million dollar property portfolio?’ Of course, almost everyone puts his or her hand up.

I then ask them why they want to build this type of portfolio and most tell me that it’s because they really want:

• Financial freedom,

• Independence,

• To give up their jobs, or

• More time.

Interestingly few people actually say they want property; they want the lifestyle and financial freedom that property will give them. At the end of the day, we are really talking about finding the courage to take action and to develop a long-term plan that will allow you to achieve all your goals.

In this book I’m going to share some of my own story and lots of insights into how you can build a multi-million-dollar property portfolio. Initially you will be able to do it in your spare time, while you have a day job. Eventually you will have a choice of whether you go to a day job at all.

When I was young I made it my business to study successful people who got to where I wanted to go, and I chose property to get me there safely, solidly and reasonably quickly.

But remember that this book is not only about the money. It’s about giving you choices. It’s about your lifestyle.

Ultimately it’s about your freedom!

It’s a Brave New World for Property Investors

At the time of writing this book there are a lot of people too scared to invest in real estate. One of the biggest property booms in recent memory has come off the boil and with prices slumping and negative talk in the media, many investors are wondering how they could have been so stupid as to have believed in wealth creation through property and wonder whether prices will ever increase again.

Some commentators are suggesting that the property bubble has burst and that it’s all over for many years.

I have a clear response. There will be another great property boom and it will be even stronger than the property boom of the late 90s and early 2000s. And it will last well into the next decade.

A brave call? Not at all.

I’ve been in this business for over 30 years and in that amount of time you not only learn to appreciate the cyclical nature of markets, but you gain practical experience riding the peaks and troughs. I’ve invested through and survived four complete cycles and I can say with certainty that the sun will come up again tomorrow and property prices will continue to grow over the long term

If you want to be a successful investor you can’t afford to wait until the next boom occurs. You should get set for it, because by the time the press and the general public becomes aware of the upward trends in our property markets, the big profits will already have been made.

Right now, as you’re reading this, there has never been a better time to get your ship in shape and ready to catch the next wave.

Brave vs Crazy

Don’t worry. I’m not an incurable optimist and I am not asking you to be either. I know what it’s like to be on the cusp of making a big decision involving your life savings. I’ve been there myself many times and helped hundreds of clients to invest in property.

Like any good mentor, I have some insight into what’s going on in your mind when you first start exploring new terrain.

I know all about the fears, the trepidation and the false starts. The experience that is putting your money down as a deposit on a property, knowing it’s close to your last dollar. The worry that when you first buy a property the tenants are going to move out and you’ll loose out. Or what it’s like going to a bank and being turned down, with lenders suppressing laughter at your financial statements.

But I also know the good feeling you get when you do get a bank loan, or when a property deal goes well and you make more money in the one deal than you would working a whole year at your day job.

Our Mentoring Program

We’re going to start our mentoring program slowly and get to know each other first. I’ll begin this book with some introductions and talk a little about how I started my journey and what experiences I can share with you.

Then we’re going to examine some of the key benefits to choosing residential real estate as your wealth-creation vehicle – there’s nothing quite like it in my experience. Of course, while it’s a fairly straightforward investment vehicle, your transformation into a property multimillionaire is going to be anything but easy, so you might need to consider whether you really have the courage to be rich and ask yourself if you’re ready to take action after you receive the insights in this book.

If you choose to take the next step with me, we’re going to look at some practicalities to getting started and some fundamental investing concepts. We’ll begin with a discussion of when, where and what you should consider buying.

With a bit of a road map taking shape before us, it will be time to examine some of the challenges you can expect to face. Yes, there are tigers to be tamed out there. You’ll have to face some intimidating tactics and learn to hold your own as you try to establish workable relationships with real estate agents, lenders and other market players. There are some handy tricks you can take to the negotiating table and there are some tactics you’ll want to watch out for, but it’s always best to remember that if you can create win-win outcomes you’ll develop strong business relationships that will pay off now and in the future.

Finally, as we get more comfortable with the terrain, we’ll start to examine some advanced ideas. We’ll look at the attractive tax advantages you can create using some clever investing strategies and ways to speed up capital appreciation by adding value to deals. We’ll also look at how you can protect yourself from nasty surprises using a hard-earned methodology I’ve developed. And we’ll visit some of the issues involved in dealing with banks and the secrets to refinancing and revaluing your profitable assets.

Most importantly I will introduce you to the concept of living off the increasing equity of your properties. This will be the blueprint to your financial freedom.

A Wealth of Experience

As your mentor I want to share with you as much of my experience as I can, so at the end of this book I have included a link to a special readers only web site with a further chapter of this book and useful checklists and reports.

As you read the final pages, hopefully you’ll realise that you’ve actually made it through to the beginning of your own successful investing story. Once you’ve gleaned the insights from this book, it’s important that you take some action if you want to see results. Don’t worry – there is a special section I’ll leave you with, which will help to point you in the direction of the next steps you will need to take, and some more resources that can help you.

I’ve made a lot of money for myself, and others, and I’ve lost money too by making foolish decisions. I’ve also been caught when economic circumstances changed unexpectedly. I know the terrain only too well, and the purpose of this book is to help point out a safe path and uncover some of the pitfalls for you.

But let’s not sell ourselves short. In fact, the aim of this book is to help you develop a multi-million dollar property portfolio. And you should be able to do this in your spare time while you hold down your day job. That is, until your property portfolio produces all the income that you need – then you can choose what you do when you wake up in the morning.

All the techniques you will read about, I have either used myself, or been closely involved with through helping others to employ them – I’m not just spouting forth theory.

As your mentor I will show you the way I operate and share knowledge that can save you real money. But more importantly, I can empower you to start on the path to realising your own financial goals and financial freedom, if you’re ready to make the same decision that I made myself many years ago.

Are you ready and willing to get started?...