60 of 62 people found the following review helpful
1.0 out of 5 stars
No substance - you wont learn anything, 15 Feb. 2011
After reading this book i was compelled to write my first ever review. I cannot stress how much of a waste of money this book was. There is a ridiculous amount of repetition. The book talks about the '3+1 plan' and 'set and forget'. Well quite simply its use leverage to buy a first property. Hope the house rises in value so you can remortgage and withdraw equity to put down as the deposit for the next mortgage. Rinse and repeat till you have 3 rental properties and 1 house to live in. You pay a management agent to manage the properties to 'set and forget'. This book is padded to 160 pages when 5 pages could do.
What drove me to write this review was that on page 161 there is the 'set and forget' basic checklist. This has gems such as - 'upgrade your status at the bank', Mortgage cost averaging, 'meeting your bank manager and getting what you want' and 'knowing who to call during 'one of those' moments'.
wow. I'd buy a book that had such useful chapters. But this book does not cover these items despite being in his checklist for success. It figures that the author talks at one point about running 'millionaire property seminars'.
Wast of money and waste of time reading.