60 of 61 people found the following review helpful:
3.0 out of 5 stars
Buyer beware but worth a read, 20 Mar 2010
This review is from: The 3 + 1 Plan: The Insider's Way to Achieve Financial Freedom with Just 4 Properties (Paperback)
I have updated my view of this book to reflect its readership. It is clearly a title and concept that has attracted people and Brett writes in a way that clearly inspires people to want to invest in property which in current condition is clearly a leap of faith, so I applaud Brett for exciting that faith. I applaud the number of write-ups this book has had and so whilst my reservations remain, it would be petty of me to ignore the following that this book has generated, although I would be more impressed where reviewers have a breadth of comparable reads. I try in my reviews to serve the reader and not the writer. Probably half of the books I have read have followed reviews and recommendations of others and I regard reviewing as a collective teamwork of enthusiasts. There now follows my original review:
I rushed to buy this book the week it came out and looking at the reviews I am startled at how many good reviews it has. What I thought I would be buying is a cutting edge book with up to date techniques and a real grasp of the property market. It reads like a 2004 book. Buying off plan and developer properties is a very lazy and turnkey strategy and the author invites you to make even less effort and let him take care of all that for you. There are a lot of crooks ( not an accusation I am aiming at the author) past and present who will offer you a lazy route to riches. I have seen both fortunes made and personal despair over bad purchases (more common) and whilst the author is honest enough to admit an off plan purchase that loses money but will come good someday, I could list 4 genuine trustworthy guides and 3 heartless bandits who also offer advice. The book starts with a flawed 3 property strategy and doesn't take long to tell you there is a better way, ie more properties and interest only rather than owning 3 properties outright. ie the author shamelessly uses a catchy strategy to sell the book. If you are really serious about property you need more knowledge, experience and training than this book offers. Go carefully.
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18 of 19 people found the following review helpful:
4.0 out of 5 stars
Motivating, well written, a bit short on detail, 23 Feb 2010
This review is from: The 3 + 1 Plan: The Insider's Way to Achieve Financial Freedom with Just 4 Properties (Paperback)
Overall a very enjoyable read but short on detail. The underlying concept is very simple: Buy To Let property is a much better long term investment vehicle than anything else, & it advises how you should best take advantage of this for long term portfolio growth.
BUT....once I read the book I found it hard to think back about many new facts I'd learned from it.
Eg.
Set and Forget philosphy - spot on concept, but the check lists are brief and not properly explained. Less marketing and sales pitch, more tips and facts please. I guess this bit is a taster in the book to get you to join the website so you become a potential customer of the author's company.
Several 'strategies' - 7-10, 3+1, 1-2-stop, 5 and hold - but they are a bit brief and 'back of the envelope'.
The free Software to track your portfolio could be better
There's almost nothing about practicalities of choosing the right property for BTL, about property development, maximising yield, minimising your tax liability
Be prepared for regular e-mails and even a phone call when you register your details on the website.
If you are thinking about property investment and still making your mind up, this is a good book to get you started & worth the money. It it convinces you to go for it, I would suggest doing a bit more reading before you actually take the plunge
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5 of 5 people found the following review helpful:
5.0 out of 5 stars
best 1st stop for property budding developer, 2 Mar 2011
This review is from: The 3 + 1 Plan: The Insider's Way to Achieve Financial Freedom with Just 4 Properties (Paperback)
this book is amazing, for such a small book there is soo much information in here, statistics, facts and figures, gameplans and achievable goals. The best property developers handbook out there, i should know i have bought at least 6 others, but this really is the most easy to read and terminology is broken down into a language you can digest. Also Brett re-iterates what he tells you a few times so it sinks in.
Basically you first ned a healthy deposit and then you need to read this book and maybe 2 others to educate yourself before you take the plunge.
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