Jason Lee - 10 Simple Steps to Property Wealth

Jason Lee is now the pre-eminent South African property author. His book is brilliant, practical and concise, packed with breakthrough insights and unique property wealth-building tips. Jason provides the blueprint and tools to build property wealth.

John Lloyd, Business Growth Strategist, Speaker and Author of Smart Thinking for Crazy Times

This is an amazing book that is well written and easy to understand. Whether you are new to investing or an experienced investor, you are guaranteed to learn a lot, which will improve your investing ability and your life. I recommend reading this book over and over so as to benefit from the abundance of valuable information that Jason has shared with us. THANK YOU, Jason, for another winner.

Gordon Mackay, Property Investor and Author

Jason Lee is a highly recommended go-to advisor for property investment. His new book is right on time, with a plethora of well-researched, practical property-investment advice that has stood the test of time. His solid investment principles will help every property investor to successfully navigate any economic cycle not just to survive, but thrive, if they choose to follow his wisdom.

Karl Landman, the Real Estate Investor Magazine & Wealth Migrate Investments Master Investor of the Year 2013 and General Manager Medical Devices, Southern Africa

Another great read by one of South Africas bestselling property authors. Jason places a good deal of emphasis on mental attitude, which, in my experience, is fundamental to success. Through personal stories and the recounts of some of the worlds most prolific investors, Jason passes on many pearls of property wisdom, while also providing straightforward, practical advice that can actually be applied. From a step-by-step checklist for property investors to drawing up a basic Memorandum of Understanding (MOU), which you can use as a starting point for structuring a potential property deal, the book provides some solid information that any property investor, professional or beginner would benefit from reading.

Mike Smuts, Managing Director, Smuts & Taylor, UK

An easy read with a simple, methodical and practical set of guidelines for building your property portfolio at any age or stage of your life.

Adrian Goslett, Regional Director and CEO of RE/MAX, Southern Africa

Published by Zebra Press
an imprint of Random House Struik (Pty) Ltd
Reg. No. 1966/003153/07
Wembley Square, First Floor, Solan Road, Gardens, Cape Town, 8001
PO Box 1144, Cape Town, 8000, South Africa

www.zebrapress.co.za

First published 2013

Publication Zebra Press 2013
Text Jason Lee

Cover image iStockphoto

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the copyright owners.

Publisher: Marlene Fryer
Managing editor: Ronel Richter-Herbert
Editor: Christa Bttner-Rohwer
Proofreader: Bronwen Leak
Cover design: Sean Robertson
Text design: Jacques Kaiser
Typesetter: Monique van den Berg

ISBN: 978 1 77022 536 7 (print)

ISBN: 978 1 77022 537 4 (ePub)

ISBN: 978 1 77022 538 1 (PDF)

DISCLAIMER

No warranty is given by the author, publisher or distributor of the correctness, accuracy or reliability of any reference to any law, legislation, practice, rule or regulation. The contents largely represent the recommendations and opinions of the author. Any reliance placed thereon by any person or institution shall be at that persons or institutions sole risk and the author, publisher and distributor shall not be liable for any consequences of whatever nature which flow from any actions undertaken by any person or institution in reliance upon the contents. The information in this book is of a general nature and should not be used or relied upon as a substitute for detailed advice or as a basis for formulating business decisions.

This book is dedicated to my brother, Shaun Lee, who is the best role model any younger brother could ask for

Since the biggest global financial crisis in history hit unsuspecting investors in 2008, the face of property investing has changed for the majority of property investors around the world. Five years later, after a protracted period of recession and economic downturn, many investors, including the seasoned ones, are still reeling from the after effects of the worldwide financial tsunami. To make matters worse, the financial system is plotted against us, making real wealth even more difficult to obtain.

Added to that is the bad advice we get from the general media looking for a good story, and from the so-called property gurus who cash in on the boom to fill their own pockets, and even from people who call themselves professionals in the industry because they carry the relevant qualifications and credentials.

We learn to invest and take bad advice from people who all have a middle-class mentality, making ourselves poorer in the process. The truth of the matter is that, in most cases, owning a home and saving money can be risky, while investing in properties deriving multiple-income rental streams is intelligent. Many investors have achieved immense success doing this, despite all of the odds against them, and in most cases theyve done it by following the type of advice youll find in this book.

What is critical when playing the property game is not the amount of money you make in the good times, but rather the lessons you learn in the tough times. The mind games you as the investor have to play can either make or break you. They can work wonders for the optimist and bring failure to the pessimist. The best investors make money when others say Dont invest, the market is risky.

The right financial education is critical to the success of any investor. Richard Buckminster Fuller, an American author, architect, mathematician, designer, cosmologist, scientist, inventor and philosopher, was a dismal failure at school and found formal education frustrating and limiting. He once said, The reason I know so much is because I have made so many mistakes. The educational system conditions people to believe that mistakes are bad. In real life, learning from your mistakes is essential. A person rarely has the right answer the first time around, so learning is accomplished through trial and error, a philosophy that Jason shares with us in 10 Simple Steps to Property Wealth.

As an avid reader, investor and entrepreneur myself, I prefer to follow the principles of the doers rather than the talkers, and have applied many of Jasons steps with success. I enjoyed his integrity, purpose and the practical lessons of his previous two books on making money out of property. 10 Simple Steps to Property Wealth gives you the opportunity to not only learn more, but, more importantly, to apply the principles. This is when the rubber hits the road to take you to greater financial freedom. So, if you are looking for a reason to take action on your personal wealth, this book will navigate you to greater heights and teach you to never give up on your dreams of a financially secure future.

NEALE PETERSEN
CEO, TEALE MEDIA
PUBLISHERS OF REAL ESTATE INVESTOR MAGAZINE

I would like to thank the following people for their support and involvement in the publishing of this book.