Cam McLellan - The Ultimate Mini Guide to Property Finance

The ultimate mini guide to

property
finance

The straight line to wealth

The number-one reason most investors never own more than one property is finance. For them, getting and managing money is the scariest part of investing.

You must be 100% informed when structuring your loans. Before you even think about finding a property, you must understand the valuation process.

In simple, jargon-free language, this mini guide arms you with a wealth of knowledge to reduce risk and keep control of your investment goals.

Its many vital lessons include:

How to keep your own home safe and out of the banks hands.

The first step to successful investing is knowing where you want to finish. Learn how different exit strategies affect your investment plan.

The main reason most Australians arent wealthy is that they dont know the difference between appreciating and depreciating assets and beneficial and non-beneficial liabilities. Learn to view everything as one or the other.

Grasping the concept of leverage and other peoples money will dramatically increase your return on equity.

Banking and finance. By knowing what lenders need to assess a loan, you can apply with confidence and put yourself ahead of the pack.

1300 649 564 www.openwealthcreation.com.au

About the author

A successful property investor and businessman, Cam McLellan shares the knowledge that gave him the option to retire in his 30s, assemble a substantial property portfolio and build a group of companies employing more than 150 people.

Cams companies have been named in three BRW Fast Starters lists and another four in the Fast 100. He wrote My four-year-old the property investor for his children. The book is a jargon-free, step-by-step investment manual for those who wish to secure their financial future.

As an Australian property investment expert, Cam now helps others by sharing his expertise. Through his company, Open Wealth Creation, he empowers clients, colleagues and friends to build successful property portfolios.

Cam lives in Melbourne with his wife Felicity and their three young children.

Published by Open Corporation 2014

opencorporation.com.au

openwealthcreation.com.au

2014 Cam McLellan

This publication is copyright. All rights reserved. Except as permitted under the Copyright Act 1968 (Cwlth), no part of this publication may be reproduced, stored or transmitted by any means, electronic or otherwise, without the specific written permission of the copyright owner.

ISBN: 978 0 9942683 6 5 (pbk)

978 0 9942683 4 1 (ebkePub)

Disclaimer

While reasonable care has been taken to produce this guide, no guarantees are given for the accuracy of its content or the material provided in the web links. Property investment is a complex, ever-changing field. Every persons circumstance is different, and therefore no reader should rely solely or partially on the information in the guide or the material in web links provided by the author. Any person or organisation reading this guide or obtaining the material in the web links is responsible for their investment decisions. The Open Group of companies, its directors and employees are neither liable nor responsible for the result of any actions or losses incurred, whether whole or partial, from the use of the content, information or tools provided. The author is simply sharing information he uses when investing.

Final edit: Paul Hassing, thefeistyempire.com

Foreword

Like all parents, Felicity and I encourage our kids to share. The one thing I ask, when you become an educated investor, is to share what youve learned with others.

The knowledge Ive acquired over the years has been largely due to other investors kind enough to teach me the principles of success. Not one of these people asked for anything in return.

Ive since developed a full understanding of the property market and the factors influencing it. This expertise has let me form a systematic investment strategy, which Ive set out for you in this mini guide.

Id love to know your thoughts on what you read here. Im always interested to hear stories, answer questions and discuss investment ideas and strategies.

Drop me a line at .

I hope you enjoy reading this guide as much as I enjoyed writing it.

Contents

See how different exit strategies affect your investment strategy.

Learn to view everything in this world as either an asset or liability.

Understanding this concept will dramatically increase your return on equity.

By knowing what banks need to assess a loan, you can apply with confidence.

One of the most common questions Im asked is, Whats the number one investment rule?

Most people think investment is a secret society that needs unveiling, and that successful investors have a single secret to make wealth pour in.

I appreciate this view, as its exactly how I used to think.

When I started investing, I spent many years buying lunch for every investor I could. All the while I waited for one of them to lean forward and whisper, The secret to successful investing is wearing a yellow scarf!

In truth, theres no one secret: but there are many investment rules.

Investing, like any profession, is a skill that can be learnt. Yet many property investment books and advisors make it seem confusing. Why? Because most of the people who produce this stuff arent successful investors.