Top critical review
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poorly written and dangerous.
on 31 January 2015
The author may have done well but I fear that is more by luck than design. The writing style is pretty hard to follow in places and the pseudo-economic arguments used to back up claims about the housing industry are basic and flawed.
The recommendations to buy a property BMV (below market value) using an iffy process and then tricking a mortgage company into giving your property a higher value is frankly dangerous and could lead to people being over-leveraged if their is a downturn.
There is so little focus on rental return that an increase in interest rates could see people unable to cover their mortgage payments if they follow his advice. Also, using a letting agent, who consumes up to 15% of rent will almost certainly mean any mortgage payments will not be covered by the rent, unless you've got a truly cracking property, or rental prices are on the rise.
There are much better books out there. I suggest Richard Oldacres book, 'how to buy to let property properly' as a far more balanced approach.