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Description
$1,000,000 in Property in One Year - Steve McKnight
The follow up to Steve McKnight's best-selling book From 0 to 130 Properties in 3.5 Years, which has sold over 100,000 copies, arrives in a dramatically different marketplace. $1,000,000 in Property in One Year takes the theory outlined in his first book and applies it to the latest 'soft' market conditions. As such it stands alone as an excellent resource that is relevant for both new investors and also those wanting to climb to new heights.
The title for this book is derived from the Millionaire Apprentice Program ('MAPPERS'), a private mentoring project author Steve McKnight ran for a small group of investors which began in August 2003 and finished a year later.
Coming from a diverse background with varying degrees of experience, the MAPPERS were put through an intensive training regimen wih the goal of acquiring a (gross) million dollar property portfolio in 12 months. Not just any property would do - it had to be purchased according to a plan for it to make money immediately.
Without wanting to spoil the ending, a significant number of MAPPERS managed to achieve the stated goal despite the deteriorating investing climate, proving that the right person with the right training and investing system can achieve massive results in a short amount of time when the odds are stacked against them.
Steve's three goals for writing this book were to provide the reader with:
1. A comprehensive understanding of how to make positive cashflow profits
2. The practical context in which to apply the theory so you can find and profit from deals in any market anywhere in the world
3. The movitation to attempt something new.
Contents: Part I: Introduction - Chapter 1: Introducing the Steve McKnight Investing Style
- Chapter 2: Meet the Mappers
Part II: Getting Ready for Success - Chapter 3: Conquering the Comfort Zone
- Chapter 4: Are Good Intentions Enough?
- Chapter 5: The Big "And Then What?"
- Chapter 6: Cost = Sacrifice + Delayed Gratification
- Chapter 7: Making Progress
Part III: Profit Through Understanding - Chapter 8: Market Sentiment
- Chapter 9: Proactive Market Positions
- Chapter 10: Investing for Boom Times
- Chapter 11: Investing for Gloomy Times
- Chapter 12: Investing for Doom Times
- Chapter 13: State of the Market
Part IV: MAP Fundamentals - Chapter 14: Cashflow Profits are Made, not Bought
- Chapter 15: Crunching the Risk vs Return Equation
- Chapter 16: Problem + Solution = Profit
- Chapter 17: Money Follows Management
Part V: Lessons from the MAP - Chapter 18: Introducing the MAP
- Chapter 19: Rachelle (from NSW)
- Chapter 20: Wil and Del (from Vic.)
- Chapter 21: Robbo (from NSW)
- Chapter 22: Brett and Tiffany (from NSW)
- Chapter 23: John and Rondah (from SA)
- Chapter 24: Pete (from Vic.)
- Chapter 25: Whitley (John from NSW)
- Chapter 26: Shaune and Rachel (from Qld)
- Chapter 27: Graham and Alanna (from NSW)
- Chapter 28: Dave Bradley
- Chapter 29: Steve McKnight
Part VI: Applying the Knowledge - Chapter 30: Targeting Success
- Chapter 31: Action -> Reaction -> Momentum
- Chapter 32: Parting Thoughts
Don't buy it
I felt most of the information in this book was dated. You would be better off spending your time reading something more informative and current.