Just finished reading Michael Yardney's book. Some good points there however nothing really new or earth moving IMHO. One point he discusses is the ability to purchase property at wholesale prices. The way to do this is to purchase an old home on a good block for land value first. Then knock down and re-build. I remember speaking to Roger F from the Brisbane office a while ago when I purchased my IP up there. He mentioned to me that in some cases owners of a good block of land were willing to sell and re-purchase land with new home for the same price they sold their land for. The point is that it's difficult to compete with companies like Villaworld who can achieve economies of scale via volume. Understand that this is not possible for Villaworld to build in some areas given the land availability. In any event ... it's interesting to hear others opinions on this point.