How to Be a Part Time Property Millionaire

By Sam Saggers

Today’s complex real estate marketplace requires a focused and segmented approach to buying real estate that will have profitable outcomes. Investors are making up more of the market share of real estate transactions than ever before, so it’s time you joined the action!

In this book, property millionaire Sam Saggers will not only expand on real estate investment strategies, but will also provide insights into the psychology and philosophy of real estate millionaires. This is an invaluable resource to anyone wishing to take the next step and be a property millionaire.

You will learn:
- What mindset investors hold
- How to translate real estate fundamentals into real wealth
- A step-by-step approach to understanding the moving parts of the real estate market
- The various different wealth creation strategies through property
- How to use tax effectively
- How to buy using your superannuation fund
- How to analyse real estate at a glance
- Buying myths

Whether you are buying real estate for the first time or the fortieth time, or whether you are just starting out or nearing retirement, this book will change the way you look at real estate. How to Be a Part-Time Property Millionaire is your ultimate guide to cracking the code of what makes a great property investor. With a sensible and easy-to-follow approach, Sam Saggers gives you a path for your wealth creation journey. After reading this book, you will have the tools to also become a property investment millionaire.

• Language: English
• Publisher: ReadOnTime BV
• Release date: Sep 5, 2013
• ISBN: 9781742841588

Book preview

CEO of Positive Real Estate and key contributor author of Think and Grow Rich in Property, Ready Set Goal Property and author of How to Be in Debt for Millions and Be Happy About It

How to Be a Part-Time Property Millionaire

The Mentor, The Broker & The Property Deal Maker

From $5,000 in the bank to $10,000,000 in real estate, in just over a decade

Sam Saggers

How to Be a Part-Time Property Millionaire

Smashwords Edition

Copyright © 2011 Sam Saggers

All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the publisher.

The information, views, opinions and visuals expressed in this publication are solely those of the author(s) and do not reflect those of the publisher. The publisher disclaims any liabilities or responsibilities whatsoever for any damages, libel or liabilities arising directly or indirectly from the contents of this publication.

A copy of this publication can be found in the National Library of Australia.

ISBN:  978-1-742841-58-8 (pbk.)

Published by Book Pal

www.bookpal.com.au

DISCLAIMER

The information, strategies, comments, concepts, techniques and suggestions within this book are of general nature only and do not constitute professional or individual advice in any way. You must seek your own independent professional advice relating to your particular circumstances, goals and risk profile if you intend to take any action as a result of reading this publication. The author does not accept any responsibility for any actions arising from their work. Every care has been taken to ensure the accuracy of the material contained in the book. Please take note that this book was completed October 2011.

Email: [e-mail]

Website: www.positiverealestate.com.au

The nearer we live to the source of wealth, the more wealth we shall receive.

– Wallace Wattles

About the Author

Sam Saggers.jpg

Sam Saggers is the Chief Executive of Positive Real Estate; one of Australia’s leading property investment companies, which includes a national buyers agency that annually negotiated $250M+ in property throughout Australia in the 2010 Financial Year alone. Sam perpetuated the company from its start-up in 2003, transforming it into one of Australia's largest and most highly regarded real estate investment groups, which was extended to include educational seminars and programs to empower and teach clients to become successful property investors. Sam is a licensed real estate agent in every state of Australia, has more than 18 years of real estate experience and has helped to educate more than 5,000 people in real estate principles through Positive Real Estate.

Sam is commonly featured in Your Property Investor Magazine and Australian Property Investor Magazine and many of Australia’s top CEO’s, as listed in Business Review Weekly’s Rich 200, often pursue Sam’s advice to understand market-place trends and seek investment guidance. Sam is the contributor of Think and Grow Rich In Property by Stuart Zadel and the author of How to be in Debt for Millions and Be Happy About it.

As a passionate educator, Sam is a sought-after world class keynote spokesperson on real estate principles and offers his wealth of experience to educate investors on understanding of the complexities of real estate investing. Having experienced and succeeded in every area of purchasing real estate, Sam has created a personal property portfolio worth millions of dollars and has personally brokered more than 2000 property deals including developments, subdivisions, strata titling, capital growth, blue-chip, off-the-plan and positive cash-flow deals. Sam also recently founded the Property Wholesales Cooperative.

Sam Saggers alongside Co-Founder Jason Whitton, established Positive Real Estate as a total solutions company, to provide services for the thousands of Australian investors who lacked the time or the experience to locate, negotiate and purchase residential investment property. The company has worked hard to earn an impeccable reputation within the Australian real estate market and the business is renowned for sourcing only the most lucrative property deals for their thousands of clients. Positive Real Estate currently has offices located throughout Sydney, Queensland, Melbourne, Perth, Brisbane, Gold Coast and Adelaide as part of its growing franchise network and employs over 50 staff members.

Positive Real Estate’s impact on thousands of Australian real estate investors is largely due to Sam’s driving ambition to Help ordinary people do extraordinary things through property investing! According to Sam, Our one focus is to leave no stone unturned in the pursuit of financial success for our clients; to ensure a rewarding lifelong relationship.

Positive Real Estate has exploded from a two-man team back in 2003 into an organisation that has negotiated 664 properties for their clients with a net worth of over $251 million dollars for the financial year of 2010. These properties performed above the national average returning 10.5% capital growth which equates to over $25 million dollars worth of equity.

In June 2011, Positive Real Estate began its plans for expansion throughout Australia with a strategic roll-out of its specialised property coaching franchise operation. The company plans to continue to expand into strategically chosen metropolitan and regional locations throughout Australia to support Positive Real Estate’s exciting growth phase.

Sam Saggers and the team at Positive Real Estate have decided franchising is essential to meet the demand of the thousands of people throughout Australia who are interested in accessing a well-founded, established and highly accredited team, solely dedicated to their one-on-one coaching and mentoring services, to ensure they are taking the correct steps towards success in property investing.

Positive Real Estate Franchise owners have access to the latest in cloud based technology for events, sales, marketing, reporting and day-to-day operations as well as a partnership with a highly motivated and fully supportive head office which organises marketing, customer invoicing and lead generation. Additionally the property procurement and sales team work exclusively for customers, ensuring Positive Real Estate maintains its highly personalised service and exceptional reputation as the go-to total Solutions Company for investors.

Although Sam enjoys the financial rewards attainable through property investing, he and the team at Positive Real Estate have a strong focus on giving back to their selected charity; the Room to Read organisation's mission to support the world’s poorest children though the provision of education. During 2010, Positive Real Estate raised $25,000 for Room to Read to build a pre-school in Sri Lanka.

Room to Read has been voted by Forbes Magazine as one of the top 10 Charities to donate to in the world. Sam says, They are results driven and like us here at Positive Real Estate; concentrating on the quality of the content, not on glossy brochures!

For every new client that signs up with the Positive Real Estate Lifetime Mentoring Program, $250 goes directly to the Room to Read Positive Appeal. Additionally, all money raised at the Property Game Workshops each year goes towards the appeal; many of the team and their friends continually donate directly and there is also a number of planned events that will raise money for the charity, whilst having fun at the same time.

Sam proudly explains, The Positive Real Estate Family is dedicated to this cause for numerous reasons, however our main focus is to enrich our own lives and the thousands of others we can help through education, action and giving back.

Find out more at http://www.positiverealestate.com.au

Free events available at http://www.positiverealestate.com.au/bookevents

Sam Saggers (L) Jason Whitton (R) – Positive Real Estate Founders

Why I Wrote This Book

The idea of sharing is very personal for people. For me, sharing is personal because I want to spread my knowledge and help people create wealth and succeed with their goals.  The idea of sharing real estate strategies, simply by studying and practicing concepts from people who have already paved the path of success was without question a revelation that I had to explore!

Being contributor of Think and Grow Rich In Property by Stuart Zadel and my previous book, How to Be in Debt For Millions and Be Happy About It, is a result of 18 years of adapting, modifying, testing and applying the techniques of buying real estate well.

Reading is one of the most important forms of self-education and by absorbing the things you read, you will increase your chances of buying the right property. Investing in real estate successfully is about understanding the fundamentals of a secure property. I would like to share with you simple, easy ideas and techniques that will propel you along the path of prosperity that many other investors have discovered in recent years.

As you will further uncover in this book, it is easy to sound knowledgeable, but it’s harder to persist and deliver results. This book is meant to pass on the importance and tremendous power of using a team, gathering information, surrounding yourself with wealth ideas and understanding real estate fundamentals.  With the knowledge you gain through this book you will have the tools to make your own wealth and the opportunity to be accountable for wealth creation to the most important person, yourself.

This book is set out in two parts: wealth and wisdom.  In the first part, you will learn about real estate strategies and fundamentals that will give you a big picture idea of how real estate works.  In the wisdom section, you will learn about the experiences and lessons that have helped 3 ordinary people become multi-millionaires.  You will learn about their mindsets, the tools they used to be successful and how they have made their money work for them.  Pay close attention to the importance of positive affirmations and actionable steps in this book; these will help ensure that you also start on your path to wealth creation and ultimately, financial freedom.

Sam Saggers

Contents

Part 1: How to Be a Part-Time Property Millionaire WEALTH

Chapter  1  Introduction

Chapter  2  Goal Setting

Chapter  3  The Scotoma!

Chapter  4  Serve and Protect

The Real Estate Guide to Success

Chapter  5  Guide 1 – The Property Strategies and Buying Cycles

Chapter  6  Guide 2 – Property, Shares and Business

Chapter  7  Guide 3– The Property Guide to Finance

Chapter  8  Guide 4 – The Property Guide to Speculation

Chapter  9  Guide 5 –Town Planning

Chapter 10  Guide 6 – A Guide to House and Land Packages

Chapter 11  Property Guide 7 – Guide to Mining Markets

Chapter 12  Guide 8 – Joint Ventures & Self-Managed Super Funds

Chapter 13  Guide 9– What to Buy - New or Old?

Chapter 14  Guide 10 – Property Management

Part 2: How to Be a Part-Time Property Millionaire WISDOM

Chapter 15  Jason Whitton

Chapter 16  Tabitha Bright

Chapter 17  Naomi Beaumont

Chapter 18  Library

Chapter 19  The Last Word

Glossary of Terms

Permissions Acknowledgments

Part 1: How to Be a Part-Time Property Millionaire

WEALTH

Chapter 1

Introduction

The hallmarks I admire most in people are a need for perfection and an indefatigable commitment to their goals.  These are the people that wake up every day with the nagging conviction that nothing is ever quite good enough and that you can never stop learning, never stop achieving and never rest on your laurels. The idea of wealth creation is foreign to most Australians, as foreign as learning a new language. Yet, wealth creation is a language, but it’s not taught well at school and often it is not passed down from generation to generation.

I often reminisce about my own upbringing and contemplate why I was gifted enough to make sense of finance and investing, yet my best friend, who was born wealthy, is challenged by wealth creation and can’t get his head around the idea of investing.  The inability to build wealth haunts him to this very day.

During the first seven years of my economic life, I was poor, while in the most recent years of my economic life I have been termed rich. Conversely, the first twenty years of my friend’s life were deemed rich in a financial sense, but for the last fifteen years of his economic life, he has felt and acted poor.

We started out the same; we grew up next to each other and got in trouble for doing things that young lads do. We even did hard time together at age twelve for taking something from Mrs. Crinkle’s garden and we were both punished by having to spend a whole summer building and landscaping her garden in order to learn better values.

We went to the same schools, hung out in the same circles and were given the same education, down to taking the same subjects and doing the same sports. We travelled together and have seen the world; we have both had jobs that had fairly similar incomes and we both suffered the same economic downturns and upswings that the global financial economy has delivered. Yet, the path to my economic prosperity has been paved by small wins that are based on fundamentals and an effective wealth creation strategy, while his path has been less prosperous, as he has not effectively developed his wealth creation strategy. Instead, my friend has been driven by fear of loss and risk, creating