Top critical review
147 people found this helpful
Buyer beware but worth a read
on 20 March 2010
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 conditions 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 the collective teamwork of enthusiasts.
Note 21/10/14. I have been amazed at how much interest this review has caused and humbly offer some book suggestions to broaden your interest in property. This facility wasn't available when I originally wrote the review. I get how an exciting cover, a simple concept well explained and a passionate author has led to high book sales and property is such an important investment that the money you spend on a handful of books is time and money well spent.
Property Magic: How to Buy Property Using Other People's Time, Money and Experience
How to Avoid the 77 Biggest Mistakes Made by Property Investors
Property Investing Secrets - How to Profit From Buy To Let
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.