No matter what stage you’re at in your business and real estate investing career, there’s always more to learn. New strategies are being discovered. New laws are taking place. New marketing tactics are being tried out. Here are some great books to read. We learn from our peers, our achievements and mistakes, and from reading valuable books like the ones below.
Christo Wiese: Risk and Riches by TJ Strydom
Christo Wiese has never shied away from a risky business deal. Since acquiring Pep Stores, he has built an impressive business empire which includes Shoprite and a number of other companies including Brait. He has tried his hand at politics and has bought diamond mines, banks and wine farms. Fifty years of risk-taking in the business world paid off and made him the richest man in the country – until he overplayed his hand with Steinhoff and lost a huge part of his fortune. The book shares insights on his business confrontations, life and success.
Look out for the special mention of Christo Wiese’s interview with REImag.
The Expert Landlord by David Beattie
You have a residential investment property. Perhaps you are already renting it out. But are you doing it like a pro and do you know how to maximise your return from it? In this book, property management expert David Beattie distils two decades of experience into easy-to-implement steps and shows you how to manage your property like a professional landlord. His goal is to help you make more money in less time and with fewer hassles, by showing you how to run your property investment like a business; navigate and comply with South African rental laws with ease; attract, screen, place and keep high-quality tenants; ensure successful and consistent rent collection; and maintain your property with the least effort and money. The book also includes templates for all the documents the prospective landlord needs.
Tax-Free Wealthy by Tom Wheelwright
Tax-Free Wealth is about tax planning concepts. It’s about how to use your country’s tax laws to your benefit. In this book, Tom Wheelwright will tell you how the tax laws work. And how they are designed to reduce your taxes, not to increase your taxes. Once you understand this basic principle, you no longer need to be afraid of the tax laws.