HOW TO GROW
A MULTI-MILLION DOLLAR
PROPERTY PORTFOLIO
IN YOUR SPARE TIME
FULLY updated
14TH ANNIVERSARY EDITION
Michael Yardney
Published by:
Wilkinson Publishing Pty Ltd
ACN 006 042 173
Level 4, 2 Collins Street
Melbourne, Vic 3000
Ph: 03 9654 5446
www.wilkinsonpublishing.com.au
Copyright Michael Yardney 2020
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means without the prior permission of the copyright owner. Enquiries should be made to the publisher.
Every effort has been made to ensure that this book is free from error or omissions. However, the Publisher, the Author, the Editor or their respective employees or agents, shall not accept responsibility for injury, loss or damage occasioned to any person acting or refraining from action as a result of material in this book whether or not such injury, loss or damage is in any way due to any negligent act or omission, breach of duty or default on the part of the Publisher, the Author, the Editor, or their respective employees or agents.
Planned date of publication: 09-2020
Title: How to Grow a Multi-Million Dollar Property Portfolio In Your Spare Time
ISBN(s): 9781925927252: Printed - Paperback
Cover and page design by Spike Creative Pty Ltd
Ph: (03) 9427 9500
spikecreative.com.au
Cover photography: Loz Dalton Photography
This publication contains the opinions and ideas of the author. It is sold with the understanding that neither the author nor the publisher is engaged in rendering legal, tax, investment, insurance, financial, accounting, or other professional advice or services. If the reader requires such advice or services, a competent professional should be consulted. Relevant laws vary from state to state.
Additionally, it is important to note that Australian laws and regulations are subject to constant revision and amendment and as such, some of those mentioned in this book may now be out of date. Any opinions, conclusions or recommendations set forth in this book are subject to change without notice.
The strategies outlined in this book may not be suitable for every individual and are not guaranteed or warranted to produce any particular results. Past performance may not be a reliable indicator of future performance.
This book has been written without taking into account the objectives, financial situation or needs of any specific person who may read this book, which means that before acting on the information in this book, the reader should seek appropriate professional or financial advice.
No warranty is made with respect to the accuracy or completeness of the information contained herein, and both the author and publisher specifically disclaim any responsibility for any liability, loss or risk, personal or otherwise which is incurred as a consequence, directly or indirectly, of the use and application of any of the contents within this book.
In early 2006 I approached publisher Michael Wilkinson with the manuscript for my first book. He was initially courteous and polite, but not overly enthusiastic until he read the manuscript. Then his gut-feel gave a new, and then unknown, author (me) a chance.
He initially did a print run of 4,000 copies of How to Grow a Multi-Million Dollar Property Portfolio in your spare time , thinking that quantity would last for years. But we had to order a reprint within months and since then this book has become a property investment classic, on the bookshelf of tens of thousands of property investors, catapulting it to bestseller status, initially in hard copy and then on Amazon.
This is the fully updated seventh edition.
A lot has happened in the ensuing 14 years to my business and personal life with many new people influencing my life, my thoughts, my values and my business and property investment success. Creating wealth is never a solo effort. Similarly, this book would not have been possible without the support and encouragement of certain people who have contributed to my life in many ways.
In particular, my wife Pam for encouraging me, supporting me in every way and putting up with all my late nights and weekends on the computer. She endures my almost fanatical attitude to business and property investment and continually encourages me through all the good times and through all the things I still need to learn. I am humbled by her love and devotion, which I try hard but never quite succeed to match.
Special thanks go to my family, including our children and grandchildren for their love and encouragement.
Further thanks to my business partners, Ken Raiss, Mark Creedon, Brett Warren, Kate Forbes and Greg Hankinson and the whole team of property professionals at Metropole. And thanks also to our many clients whose collective inspiration has given me strength.
Over the years I have read almost every book about wealth creation and property investment ever written. I have learned a lot along the way and there are many ideas sprinkled throughout this book that I have learned from others. I guess I had to learn everything from someone at one stage, so I am sorry I cannot acknowledge everyone I really cant remember where I first came across many of my strategies.
Where I recollect first hearing about an idea I try to give credit where it is due, but if I have omitted mentioning your name, please excuse me as I shamelessly acknowledge borrowing other peoples good ideas picked up from observation or from conversation, books, CDs, DVDs, podcasts and seminars. As knowledge about becoming rich and successful investing isnt one individuals sole domain and there are really no secrets, I can only assume that these people also learned from and copied other peoples ideas, books, CDs, DVDs, podcasts and seminars.
I have also learned from the many successes, and also the failures, of the over 2,500 property investors I have personally mentored through my 12-month mentorship program over the last 13 years. I am very proud of your successes.
And finally to you, the reader thank you for choosing to invest in this book. Please take advantage of the information I have to offer by using it to obtain the financial independence you deserve.
Introduction
Whether you have yet to make your first investment or you already own a multi-million dollar property portfolio, there is something in this book is for you. It will give experienced investors the opportunity to re-evaluate and fine-tune their current approach for the new market reality and new investors will obtain a perspective that normally takes years and years to acquire.
I have been investing for over 47 years and have adapted and fine-tuned my investment strategies from the successes Ive had and from the many failures Ive endured. In fact Ive often said Ive became a real success at failure. Ive just kept getting up one more time until I became successful and in that time Ive grown my wealth substantially, as well as that of thousands of clients, and just as importantly many readers of my books and blogs and listeners to my podcast.
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