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
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