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2 of 2 people found the following review helpful
5.0 out of 5 stars very good for some one new for property
if you are fairly new to property investment or been long in business looking for some up date this book will be quite useful
Published 24 months ago by Diah

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15 of 16 people found the following review helpful
3.0 out of 5 stars Not sure how ethical it really is...
Although this book contained some interesting advice and suggestions for buying/letting property, his constant (somewhat desperate) assertion that his method was ethical left me feeling jaded. In some cases it seems fine to buy a property for below market value (P.62 where the half-converted property had been repossessed as there was no planning permission)and others...
Published 20 months ago by Molehill


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15 of 16 people found the following review helpful
3.0 out of 5 stars Not sure how ethical it really is..., 24 Mar 2013
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Verified Purchase(What is this?)
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
Although this book contained some interesting advice and suggestions for buying/letting property, his constant (somewhat desperate) assertion that his method was ethical left me feeling jaded. In some cases it seems fine to buy a property for below market value (P.62 where the half-converted property had been repossessed as there was no planning permission)and others where it seems exploitative and unpleasant (P.66 where the buyers managed to get an old ladies house for half its market value). I would have more respect for the author if he didn't keep asserting that his methods always culminated in a win-win situation. Profiteering from other people's misfortune and ignorance is not ethical no matter how many times you assert it is - and it certainly doesn't constitute the needy sellers 'winning'.
It is possible to use his method ethically, but you need to make sure greed doesn't cloud your vision.
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56 of 62 people found the following review helpful
3.0 out of 5 stars Common sense info ruined by adverts, 24 Nov 2012
Verified Purchase(What is this?)
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
This book contains some good common sense information, but it is filled with adverts and plugs for the author's seminars and courses. It is a slim 170 pages long but only about 100 pages contain useful info. There is a 20 page section near the end exclusively devoted to the author's products he is flogging. Obviously he is not as successful in property as he makes out otherwise why bother with the course selling? All of the case studies peppered throughout the book always contain references to how they found XYZ tip, or met XYZ person at one of the author's courses.

Having said this, the book does contain some good common sense information about property investing. This can be summarised as:

1. Buy properties at below market value by looking for distressed sales, repossessions, etc.
2. Wait about a year, and then remortgage at full market value (remortgages are done on a valuation basis not on a price paid basis).
3. Use the resulting cash for a deposit for another property.
4. Repeat.
5. Let out your properties so the tenants are paying the mortgages.

There are no real methods of buying your first property without a deposit in the market today, so I question the subtitle of the book. I was especially sceptical about the chapter on "purchase options" - while they work in theory, I doubt many people have actually used this method in reality to buy a property without a deposit.
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9 of 10 people found the following review helpful
2.0 out of 5 stars Pretty average book, 14 May 2013
Verified Purchase(What is this?)
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
In summary.... find a motivated seller.... same old story, thought this would provide something more than that old story.

But wait... £500 to go on a seminar if you want and he is also providing DVDs and CDs... maybe if i also buy them???

Not impressed, two stars as well its got some intelligent aspects, but not worth the (done in a couple of days) casual read.
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2 of 2 people found the following review helpful
5.0 out of 5 stars very good for some one new for property, 5 Dec 2012
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
if you are fairly new to property investment or been long in business looking for some up date this book will be quite useful
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1 of 1 people found the following review helpful
4.0 out of 5 stars A good starting point, 18 Aug 2014
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
An easy read, with some interesting and helpful points made. It could give clearer and more specific up to date information regarding getting mortgages, or where to get accurate advice. We all know you can go to an independent mortgage advisor already, so tips and advice would be more helpful. However it is an easy read and will be helpful to novices.
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1 of 1 people found the following review helpful
4.0 out of 5 stars simple and effective, 27 Jun 2014
Verified Purchase(What is this?)
Books is written in a very simple to understand language with wisdom and practice advise

Ideal book to get started on understanding investing in property
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1 of 1 people found the following review helpful
5.0 out of 5 stars great read for beginners with an interest in property investment, 7 Jun 2014
Verified Purchase(What is this?)
I'm just starting out as a property investor, this book opened my eyes to several ideas and strategies that I would probably never thought of on my own. I've read few property investment books recently and so far this has proven the best value for money.
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1 of 1 people found the following review helpful
5.0 out of 5 stars An easy-to-understand guide to property investing, 1 Jun 2014
Verified Purchase(What is this?)
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
It is very practical induction book in property investing. It open up my mind to different stratgies available to build up property portfolio.
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1 of 1 people found the following review helpful
5.0 out of 5 stars A very handy starter, 4 April 2014
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
Simon just made property investing no longer mysterious! And it reads very funny too! Just like an experienced teacher knows what we are eager to know!
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1 of 1 people found the following review helpful
5.0 out of 5 stars Simplistic, 26 Mar 2014
Verified Purchase(What is this?)
This review is from: Property Magic: How to Buy Property Using Other People's Time, Money and Experience (Paperback)
A most read. great book with a lot of information and will point you in the right direction. I would recommend using this as a guide to refer back to. The book has helped me come to grips with valuing properties and calculating rental income.
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