Book 40 of 52: From 0 To 130 Properties In 3.5 Years by Steve McKnight
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Book 40/52 of My #52Books52Weeks Bucket List Challenge
As a property investor interested in positive-geared property, I’ve always looked up to Steve McKnight as a thought leader in the real estate space. I first read From 0 to 130 Properties in 3.5 Years years ago, and since then, I’ve watched Steve’s journey and ideas evolve with the market. With the property market always changing, I thought it was time to revisit the book, especially as I’d seen that some of Steve’s concepts had changed over the years. So, I grabbed the updated edition and gave it another read.
Main Principles from the Book
1️⃣ Property Investment Isn’t About Quick Wins
The journey Steve takes you on isn’t about getting rich quick. It’s about strategic growth over time and being consistent with your investments. He emphasizes the importance of patience and discipline in building a solid property portfolio.
2️⃣ Leveraging Other People’s Money (OPM)
One of the key strategies Steve highlights is using leverage—essentially borrowing money to invest in properties. By borrowing, you can multiply your returns without having to use all your own capital.
This concept is crucial for scaling your portfolio quickly.
3️⃣ Positive Cashflow Properties
I’ve always been a fan of positive-geared properties, where the rent you receive exceeds the costs, creating ongoing cash flow. Steve dives deep into finding these types of properties and shows you how to make them work to your advantage.
4️⃣ Systematic Approach to Property Investing
Steve’s approach to building a portfolio is very methodical. He encourages a step-by-step plan that reduces risk and ensures steady growth. His approach is rooted in research, calculation, and sticking to a plan.
5️⃣ Importance of Market Timing
Over the years, Steve has updated his advice on the property market cycle. Understanding market timing and making decisions based on the current phase of the cycle is key to maximizing your investment. He gives valuable insights into how to assess market conditions and time your purchases for maximum return.
6️⃣ Adaptability to Market Changes
This updated edition of the book really resonated with me because it shows that you need to adapt to changing market conditions. Steve made adjustments to his strategies, and I was able to tweak my own property portfolio accordingly.
7️⃣ Commercial Property Opportunities
Steve’s investment strategies also expand into commercial property, which is an area I hadn’t fully considered before reading this updated edition. I ended up investing in one of the commercial property funds that Steve set up, which has been so far, so good! It was the right move at the right time.
How This Relates to Living Your Bucket List Life
✅ Investing in property aligns with long-term financial freedom, which is essential for living a Bucket List Life. By using the concepts in this book, I can continue to build wealth and eventually fund many of the experiences I want to tick off my bucket list.
✅ Patience and discipline are crucial. As much as we want to live big and live now, investing in your future requires strategic thinking and sticking to the plan—even when the market fluctuates.
✅ The lessons learned in this book also serve as a reminder of why I focus on time optimization. My investment strategy mirrors the idea of making smart choices with my resources (whether time or money) to achieve my bigger goals.
If you’re a property investor—or even thinking of getting into it—From 0 to 130 Properties in 3.5 Years is a must-read. Steve McKnight has been a thought leader in real estate for a long time, and his updated approach in this book reflects the realities of the market today. I highly recommend it if you want to scale your property portfolio and make your money work for you.
Stay tuned for Book 41 of 52 as I continue this adventure of learning and growth!
#BucketListLife #UltimateChallenge #52Books52Weeks
How can strategic property investing help you achieve long-term financial freedom?
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