This is the "must-read" sequel to the best-selling From 0 to 130 Properties in 3.5 Years which has sold over 130,000 copies since publication in 2003.
The author is the first to admit that investing in property today is different. Interest rates have increased and the inflation rate is higher. A self-made multi-millionaire who has bought over 260 properties in the last 7 years, McKnight says families should be preparing now for the hard times ahead.
McKnight believes that many homeowners and investors will face the harsh reality of ‘negative equity’ – a situation where their mortgages are higher than the value of their properties.
“People in this situation are caught in a bind”, says McKnight “They’re now paying more each month in interest while their asset’s value is going backwards”
But it’s not all doom and gloom. McKnight says there are a number of pro-active strategies families should implement right now to ensure their financial security.
That’s why Steve McKnight has written From 0 to 260+ Properties in 7 Years. In his easy-to understand, informative style, he reveals how he has bought an incredible 260 + properties in 7 years using "cash & cashflow property investing".
He shares the latest information on how you can use real estate to make a fortune, together with detailed tips on how to minimise potential losses. In his third book – From 0 to 260+ Properties in 7 Years – McKnight provides detailed tips on how anyone can:
1. Save interest by striking a better deal with their lenders
2. Safeguard their home or investment property against further rate rises
3. Protect investing returns by maximising rents without upsetting the tenants
McKnight’s advice for those feeling the financial pinch is “Take action now. Don’t be a forced seller as the market crashes around you!”
Instead, he advocates adopting a pro-active stance that turns defence into attack “We’re now firmly in a buyer’s market and those with expertise and financial backing stand to make a lot of money. It would be a shame to miss out.”