I have finished reading 2 of Margaret Lomas’ books:

1. How to Create an Income for Life
2. A Pocket Guide to Investing in Positive Cash Flow Property

I quite enjoying reading both books, they teach me a great deal about buying property for investment. Most of us are already familiar with the concept of negative gearing and positive gearing for investment. In her books, Margaret is introducing another nature of investment called Positive Cash Flow Property, in essence it’s having negatively geared property that puts money into your pocket rather than taking it (in traditional negative geared situation). The way this can be achieved is by on paper deductions via depreciations. That’s it, that’s the most important message that is being driven by her.

The pocket guide is indispensable, as it has numerous checklists that can be used in different stages on acquiring property. I actually borrowed that one from LA, I most definitely buy it next time Borders runs its 40% off promotion.

These two mean that I have finished my 6th and 7th books this year.