Book Reviews | Gordon Campbell | News Flashes | Scoop Features | Scoop Video | Strange & Bizarre | Search

 


Review: How to Maximise your Property Portfolio

Book Review: How to Maximise your Property Portfolio
By Margaret Lomas - RRP$27.95

Cash flow is King


Reviewed by Richard Gruiters, Good Returns

This whole book is based on the premise that the reader is a current or potential cash flow investor. From the start it is evident that the author is passionate about positive cash flow property and puts forward a convincing argument as to why cash flow property is the way to go, if you want to achieve financial freedom. So if you are a capital growth investor then this is probably not the book for you.

Being a supporter and practitioner of the philosophy of cash flow properties, I was keen to read this book to glean a few inspirational ideas on how I could improve the performance of my humble property portfolio.

Having not read the author’s previous books, it was difficult to know what had already been covered in her previous publications (therefore not written about in the book) and what had just been omitted altogether. Because of this, it might not be considered a book which covers everything, due to her previous books having covered various other subjects in more detail and which she did not want to repeat in this publication. Topics covered in previous books include such subjects as financing properties, questions to ask when buying property, the buying process and depreciation recovered upon sale of a property.

This book is along the same lines as the majority of other property investment books in that it covers the same general topics, but from the stance of a positive cash flow investor.
Topics covered include:

  • The pro’s and con’s of cash flow and capital growth properties,

  • Shopping for Property,

  • Managing your individual properties and your portfolio as a whole,

  • Maximising your cash flow through tax claims,

  • Property Structures,

  • Questions from readers
  • The down side to this book for a New Zealand reader is that because the author is Australian, the chapters and worked examples on property structures, depreciation and tax, are written with references to the Australian laws only. On a more positive note, the biggest points I got from this book include:

  • The importance of projecting future cash flows on investment property purchases prior to buying, to ensure that the property will not only be cash flow positive from day one, but that it will in fact stay a positive cash flow property after year one, year five and even year ten.
  • The need to be pro-active in the monitoring of your portfolio – not to just purchase and then “set and forget”. To continually monitor the performance of each property within your portfolio and the portfolio as a whole, to ensure it is still producing a positive cash flow.
  • To adjust the portfolio accordingly to ensure it performs to its maximum potential and also performs to the level you require in order to achieve your financial goals.
  • To not be afraid to cut your losses on a property if it is a “lemon” and to immediately get straight back into the “game” instead of being put off by one unsuccessful investment.
  • When considering your property structure, to do your calculations and choose the structure which will have the greatest benefits over the longest possible time, rather than one that just looks right today.
  • The book finishes with some valuable and informative topics, including:

  • A chapter on reader questions and answers

  • Capitalising investment loans

  • Deposit bonds

  • A summary of what I consider the most valuable bullet points from throughout the book
  • For the new property investor, this book gives a clear explanation of what needs to be considered and what is required to acquire positive cash flow property. It also gives an insight into the issues that need to be addressed to ensure that positive cash flow is maintained for each property and the portfolio as a whole.


    To buy ‘ How To Maximise Your Property Portfolio’ priced at $27.95 GST incl from Good Returns click here.


    © Scoop Media

     
     
     
     
     
    Top Scoops Headlines

     

    Werewolf: Living With Rio’s Olympic Ruins

    Mariana Cavalcanti Critics of the Olympic project can point a discernible pattern in the delivery of Olympics-related urban interventions: the belated but rushed inaugurations of faulty and/or unfinished infrastructures... More>>

    Live Blog On Now: Open Source//Open Society Conference

    The second annual Open Source Open Society Conference is a 2 day event taking place on 22-23 August 2016 at Michael Fowler Centre in Wellington… Scoop is hosting a live blog summarising the key points of this exciting conference. More>>

    ALSO:

    Buildup:

    Gordon Campbell: On The Politicising Of The War On Drugs In Sport

    It hasn’t been much fun at all to see how “war on drugs in sport” has become a proxy version of the Cold War, fixated on Russia. This weekend’s banning of the Russian long jumper Darya Klishina took that fixation to fresh extremes. More>>

    ALSO:

    Binoy Kampmark: Kevin Rudd’s Failed UN Secretary General Bid

    Few sights are sadder in international diplomacy than seeing an aging figure desperate for honours. In a desperate effort to net them, he scurries around, cultivating, prodding, wishing to be noted. Finally, such an honour is netted, in all likelihood just to shut that overly keen individual up. More>>

    Open Source / Open Society: The Scoop Foundation - An Open Model For NZ Media

    Access to accurate, relevant and timely information is a crucial aspect of an open and transparent society. However, in our digital society information is in a state of flux with every aspect of its creation, delivery and consumption undergoing profound redefinition... More>>

    Keeping Out The Vote: Gordon Campbell On The US Elections

    I’ll focus here on just two ways that dis-enfranchisement is currently occurring in the US: (a) by the rigging of the boundary lines for voter districts and (b) by demanding elaborate photo IDs before people are allowed to cast their vote. More>>

    Ramzy Baroud: Being Black Palestinian - Solidarity As A Welcome Pathology

    It should come as no surprise that the loudest international solidarity that accompanied the continued spate of the killing of Black Americans comes from Palestine; that books have already been written and published by Palestinians about the plight of their Black brethren. In fact, that solidarity is mutual. More>>

    ALSO:


    Get More From Scoop

     
     
     
     
     
     
     
    Top Scoops
    Search Scoop  
     
     
    Powered by Vodafone
    NZ independent news