Rethink Property Investing, Fully Updated and Revised Edition

The definitive guide to building a profitable commercial property portfolio — now fully updated and revised Australia’s bestselling commercial property book, Rethink Property Investing, offers practical advice for any investor looking to move beyond traditional residential real estate and enter the profitable world of commercial properties. Leading investors Scott and Mina O’Neill show you how they retired at the age of 28 and now live off the income generated by their $75 million commercial property portfolio. This invaluable guide dispels the investing myths and demystifies complex property principles and strategies using a clear, straightforward, and easy-to-understand approach. This is the book Scott and Mina wished they had when they started out: an honest, no-nonsense handbook filled with practical examples, personal stories, expert advice and real-world information. Rethink Property Investing aims to help you earn enough passive income to retire early and enjoy your life — whether you’re a residential property investor looking to go to the next level or an experienced investor seeking a more advanced approach. Now fully updated and revised, this edition shares detailed new property examples and gives the lowdown on value-add opportunities and investment strategies like syndicates. Rethink Property Investing will show you how to: Build your own commercial property portfolio following 7 Easy Steps and the Top 5 Property Plays Follow the strategies Scott and Mina O'Neill used to build a $75 million portfolio in 12 years Maximise the performance of your existing property portfolio using proven techniques Understand how different commercial properties perform, especially in the current economic climate and with current interest rates Find the best commercial property opportunities available today so you can build a $200K passive income Learn how you can create wealth successfully through commercial property investing, using simple yet powerful strategies from two people who have been there and done that. From developing an investment mindset to financing and managing your property, Rethink Property Investing will guide you every step of the way.

Preface vii Introduction xxv Part I: Moving Beyond Your Backyard 1 Our first commercial property purchase 5 Subsequent commercial property purchases 9 What commercial property is (and isn't) 27 What you need to know first 41 How do you make money out of this? 61 Busting the myths 69 Part II: The 8 Steps 77 Step 1: Money habits 81 Step 2: Investment mindset 97 Step 3: Assembling your expert team 109 Step 4: Asset selection 119 Step 5: Method of sale 131 Step 6: Finance 139 Step 7: The negotiations 149 Step 8: Managing the property and understanding the tax 159 Part III: Our Top 5 Property Plays 175 Play 1: How to build a $200 000 passive income 179 Play 2: How a property can pay itself off in 10 years 189 Play 3: How to increase capital growth with value-adds 197 Play 4: How to check the numbers so you don't overpay 235 Play 5: How syndication can work for you 243 Conclusion 263 Acknowledgements 275 Common commercial real estate terminology 277