Saturday 4 October 2014

The Real Estate Coach

This text entitled The Real Estate Coach with the subtitle A Story of Real Estate Investment Success, is written by Bradley Sugars, a renowned entrepreneur, author and business coach who has helped nearly a million clients around the world to achieve business success. Sugars is the founder of Action International, a global network of business coaches with nearly 1000 offices worldwide. Sugars says you should stop working for someone else and start living the dream of working for yourself. The only sure way to achieve real wealth and the attendant freedom is by letting your investments work for you, asserts Sugars.

Structurally, this text is divided into 12 parts. Sugars says real investment must produce an income stream while it is increasing in value. This author stresses that the investing rules for buying a new inner city unit are quite different from those that apply when buying an existing house in an outer city suburb. He adds that there are rules for property you intend living in yourself; property you intend renting out; property you want to buy and sell again quickly; property you intend holding onto long term; property you aim to get capital gain from; property you are buying for a rental purchase plan and property you are buying through vendor finance deals. Sugars educates that there are about 27 different types of residential real estate categories.

According to this author here, most people understand only two basic philosophies for investing in real estate. Sugars illuminates that a property item that has relatively low capital growth usually has a higher rental flow, while investment property items that generate a greater cashflow can usually be found in lower socio-economic areas, outer suburbs, country towns and in some high-density housing areas.

This author says property offers investors excellent tax advantages in many countries around the world. In parts three to eight, Sugars discusses concepts such as buying land value, not houses; buying residential real estate; buying, renovation and redrawing; profit at purchase; buying on the numbers; and cosmetic only, not structural.

Part nine is entitled "Buy where you are an expert".