Just going to give you a little diary entry on the second deal. On the weekend i went up to my mums to see if there we’re any adds in the paper for a garage sale or clearance sale to look for things for a unit renovation. I could not find any. I wined at mum “what am i going to do now!!”. Mum passed the paper over and said go for a drive out and have a look at this property and pointed out an advertised cottage in the paper going for a very affordable price. I gave it a little thought and ummed and erred then we got in the car drove out to have a look. To cut a long story short the numbers stacked and i could add value via renovation, built in equity on purchase day and positive cahsflow from day one of about $50 per week. My negotiations could not get the price down any lower. They wanted the price they were asking and had people hovering around the deal on the day offering. I thought to myself the asking price was good deal anyway. In something i read from Steve McKnights book at the split second when i needed something to get this deal across the line. I remember it saying, “don’t look a gift-horse in the mouth”. I called instantly adrenalin flowing and put the offing in right on the full asking price. I couldn’t go wrong. “It’s what the vedor wanted”. The agent called later and confirmed the offer was accepted.  if your young and don’t know always remember, “Mum’s know what’s best!”

Uncategorized cottage, daniel, deal, goals, home, homeless, jaffasoft, millionaire

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.

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