The definitive guide to building a profitable commercial property portfolio
Rethink Property Investing offers practical advice for both new and established investors looking to move beyond traditional residential real estate and enter the profitable world of commercial properties. Scott and Mina O’Neill, Australia’s leading commercial property investors and founders of Rethink Investing, show you how they retired at the age of 28 and now live off the income generated by their $20 million property portfolio. This invaluable guide dispels the investing myths and demystifies complex property principles and strategies using a clear, straightforward, and easy-to-understand approach.
This is the book Scott and Mina O’Neill wished they had when they started out: an honest, no-nonsense book filled with practical examples, personal stories, expert advice and real-world information. Whether you’re a residential property investor looking to go to the next level or an experienced investor seeking a more advanced approach to commercial property, Rethink Property Investing is written to help you earn enough passive income to retire early and enjoy life. Learn how you can achieve unlimited success through commercial property investing using simple yet powerful strategies from two people who have already done it - and are willing to share their wisdom. Rethink Property Investing will teach you to:
- Follow the 7 Easy Steps and use the Top 5 Property Plays to build a commercial property portfolio
- How Scott and Mina O’Neill built a $20 million portfolio in 10 years and how you can follow their strategy
- Maximise the performance of your existing property portfolio using proven techniques
- Profit from the different ways commercial properties perform in the COVID-19 environment
- Enjoy the virtually limitless success that commercial property investing can bring
Table of Contents
Preface vii
Introduction xiii
Part I: Moving Beyond Your Backyard 1
Our first commercial property purchase 5
What commercial property is (and isn’t) 9
What you need to know first 17
How do you make money out of this? 29
Busting the myths 35
Part II: The 7 Steps 41
Step 1: Money habits 45
Step 2: Investment mindset 57
Step 3: Asset selection 71
Step 4: Method of sale 81
Step 5: Finance 89
Step 6: The negotiations 99
Step 7: Managing the property and understanding the tax 107
Part III: Our Top 5 Property Plays 117
Play 1: How to build a $100 000 passive income 121
Play 2: How a property can pay itself off in 10 years 127
Play 3: Adding value through a commercial property lease 133
Play 4: Check the numbers or you may overpay 147
Play 5: Syndication: what’s in it for you? 153
Conclusion 163
Acknowledgements 173
Common commercial real estate terminology 175
Index 181