Rethink Property Investing, Fully Updated and Revised Edition

The definitive guide to building a profitable commercial property portfolio — now fully updated and revised

Australia’s bestselling commercial property book, Rethink Property Investing, offers practical advice for any investor looking to move beyond traditional residential real estate and enter the profitable world of commercial properties. Leading investors Scott and Mina O’Neill show you how they retired at the age of 28 and now live off the income generated by their $75 million commercial 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 wished they had when they started out: an honest, no-nonsense handbook filled with practical examples, personal stories, expert advice and real-world information. Rethink Property Investing aims to help you earn enough passive income to retire early and enjoy your life — whether you’re a residential property investor looking to go to the next level or an experienced investor seeking a more advanced approach. Now fully updated and revised, this edition shares detailed new property examples and gives the lowdown on value-add opportunities and investment strategies like syndicates.

Rethink Property Investing will show you how to:

• Build your own commercial property portfolio following 7 Easy Steps and the Top 5 Property Plays
• Follow the strategies Scott and Mina O'Neill used to build a $75 million portfolio in 12 years
• Maximise the performance of your existing property portfolio using proven techniques
• Understand how different commercial properties perform, especially in the current economic climate and with current interest rates
• Find the best commercial property opportunities available today so you can build a $200K passive income

Learn how you can create wealth successfully through commercial property investing, using simple yet powerful strategies from two people who have been there and done that. From developing an investment mindset to financing and managing your property, Rethink Property Investing will guide you every step of the way.

Preface vii

Introduction xxv

Part I: Moving Beyond Your Backyard 1

Our first commercial property purchase 5

Subsequent commercial property purchases 9

What commercial property is (and isn't) 27

What you need to know first 41

How do you make money out of this? 61

Busting the myths 69

Part II: The 8 Steps 77

Step 1: Money habits 81

Step 2: Investment mindset 97

Step 3: Assembling your expert team 109

Step 4: Asset selection 119

Step 5: Method of sale 131

Step 6: Finance 139

Step 7: The negotiations 149

Step 8: Managing the property and understanding the tax 159

Part III: Our Top 5 Property Plays 175

Play 1: How to build a $200 000 passive income 179

Play 2: How a property can pay itself off in 10 years 189

Play 3: How to increase capital growth with value-adds 197

Play 4: How to check the numbers so you don't overpay 235

Play 5: How syndication can work for you 243

Conclusion 263

Acknowledgements 275

Common commercial real estate terminology 277

SCOTT and MINA O'NEILL are the founders and directors of Rethink Investing, an esteemed BRW Fast 100 company in both 2017 and 2018, recognised as Australia's largest and most experienced buyer's agency catering to commercial property investors. With a resolute commitment to client success, Rethink Investing has provided pivotal assistance to over 3500 clients, enabling them to procure more than $3 billion in real estate since 2015.

MAKE THE SMART MOVE TO COMMERCIAL PROPERTY INVESTING

Break free from the limitations of residential property investing and get the inside edge with commercial property. Fully revised and updated for the current market, this second edition of Rethink Property Investing reveals what you need to know to successfully invest with commercial property.

From corner stores to medical properties and even warehouses, commercial property can lead to considerable financial success, if you do it right. Filled with real-life examples, essential tips and success stories, this one-of-a-kind guide shares the proven strategies and techniques authors Scott and Mina O’Neill use to build and grow their $75 million dollar property portfolio and reveals how you can grow your wealth faster through commercial property investing.

Whether you’re an established investor or just starting out, this bestselling guide to commercial property gives you the principles, tools and mindset you need to make your mark in commercial property investing.