Ian and Jan Somers

Strategies: Property investing books, Property investing software

They claim: “Somersoft is a publishing company [previously Somersoft Forums, now PropertyChat] that specialises in helping residential property investors. Formed originally in 1989 by Ian and Jan Somers as Somerset Financial Services Pty Ltd, its role has been one of research, analysis and education. While many organisations use our material to assist their clients with investment in property, our company is completely independent and does not sell property, finance or even personal advice. Instead, through the publication of books and computer software, we provide investors with all the objective, well-researched information and tools they need to be self-sufficient in their investment decisions … Our Property Investment Analysis (PIA) program is an essential decision tool for investors. It will analyse the capital growth, cash flows, and tax implications for any investment property and provide instant feedback on the projected after-tax cost and rate of return. The software will compute cash flow projections for up to 40 years and has facilities for changing more than 100 variables including property price, rent, capital growth, inflation, deposit, loan type, etc. The internal rate of return (IRR) and the cost-per-week are recalculated automatically whenever a change is made … [Their books] More Wealth from Residential Property by Jan Somers. First published 2001

More Wealth
This book covers everything you need to know about using residential property as a vehicle for building wealth and it does so in a simple, easy-to-follow manner without the financial jargon. In fact, the book has been described as an authoritative, well-researched 256 pages of easy-to-read common sense.
The recipe outlined is not new; it’s not complicated and it’s not a “get-rich-quick-scheme”. But what it does offer is a reliable path to riches in just 10 to 15 years by investing directly in residential property.
If you would rather leave your financial destiny in the hands of someone else and are prepared to settle for a lot less than you’d really like, then this book is not for you! On the other hand, if you want to take control and ensure your retirement will be financially secure, this book is essential reading.
Building Wealth Story by Story by Jan Somers. First published 1998
Story by Story
This book contains 101 stories of fellow property investors, providing a great opportunity to learn from others experiences. Some of the stories will warm your heart. They are about ordinary people doing unordinary things to achieve their goal of becoming financially independent and serve to inspire you along a similar path. Other stories, about peoples mistakes, may make you squirm, but serve to help you avoid the pitfalls along the way.
Our education system does not teach people how to manage their financial affairs. The emphasis is on learning skills to earn money, not on money-management skills which lead to long-term financial security. So who do we turn to for information about investment property? In general the financial advisory industry gives scant attention to direct investment in property, probably because their advice is often structured around managed products. Bank managers, accountants and solicitors can all help but they are not hands-on experts. But, as you will see in this book, some of the very best information and tips you can get about investing in property come word of mouth from other property investors.’