7 Steps to Wealth
Description
SECURE YOUR FINANCIAL FUTURE AMID AUSTRALIA'S BIGGEST REAL ESTATE BOOM
"I congratulate John on his compelling insights into how to make real estate work for you."
-Maha Sinnathamby, Top 100 BRW Billionaire
"John is not just an author; he has been in property for over 35 years and built his own fortune. Every Australian must read this book."
-Bob Ell, Top 100 BRW Billionaire
WHAT THIS BOOK WILL TEACH YOU THAT NO OTHER BOOK WILL:
- The biggest mistake made by Australian property investors
- How to have positive cash flow and still get a $10 000 tax deduction
- Why you should never buy apartments as investments
- Established capital benchmarks and best location identifiers
- How to build your own land bank
- Why you can't trust the banks
- How to turn $100 000 into $1.28m with case studies from Aussies who've done it
- The one secret of all financial success
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Content
Acknowledgements xi
Preface xiii
Introduction xix
Part I: Starting points 1
1 Why build wealth? 9
2 Why residential real estate? 21
3 A structure for growth 43
Part II: The 7 Steps to Wealth 59
Step 1 Buy land for capital growth 61
Step 2 Optimise your rental income 85
Step 3 Maximise your tax benefits 105
Step 4 Get the right finance to build your portfolio 121
Step 5 Aim for affordability 143
Step 6 Make time work for you 157
Step 7 Be all you can be 179
And finally 197
Appendix A: Tenancy application form 199
Appendix B: FAQ 205