Key Features to look for in Investment Flats

Low and medium cost apartment are one of the best investment to look for. Especially if you're a beginner property investor. You should probably start with a medium/ low cost apartment. But like most beginner they tends to make mistakes and purchase the wrong investment properties. 

So what are the feature you should look for while investing in a low or medium cost apartment?

Probably one that your potential tenant wants to stay?

Buy 2 rooms instead of 3

Buying an apartment with 2 rooms are cheaper and it's easier to be rented out, as showed by statistic and most of the other property experts would prefer a 2 rooms apartment. Most tenant who would rent a low or medium cost apartment are usually those without family. You can target college students or young working adult. Usually these people just want a place to stay and affordable price. By buying a 2 rooms flat you can make it more affordable for them.

Buy with minimum 2 bathroom

Number of bathroom is the most commonly neglected factor, however if your property have 2 rooms (which is min) you need to look for those with 2 bathrooms. Especially if you consider girls as your potential target.

Stay away from rubbish chuttes, lift and staircase.

One of the most common mistakes made by beginner is that the are always seduced by lower price, and tend to buy a flat unit near elevator or stairs. Well they would successfully keep their investment budget low, but most of the time buying in a low cost area have some untold problems, people will throw garbage everywhere especially your jackpot area "near staircase / elevator."

Sufficient car park space.

In today's community, everyone have a car, just because a person decides to stay in a low cost community doesn't means that he/she has no car. You'll be surprised to find that most of the cars there are more expensive that their house. Which brings me to my point, if you want your property to be rented out fast, buy a apartment with a car park (at least one).

Sufficient ceiling height.

Surveying your investment property is a must before you make any purchase even for auction property. Visit the property yourself and check though all of the features. Bare in mind that some developers tries to make profit by cutting the ceiling height. Yes, you'll still get your square ft and it's cheaper that other units. But they might cut off your ceiling height.

If you want to learn more about investing in properties and avoid errors while investing be sure to attend the most anticipate investment educational conference in Malaysia this year. Property Investment Convention 2013. Organized by Wealth Mastery Academy.

Renting versus buying a home

Renters are often in a quandary as to whether it makes sense to continue renting or buy a home. Buying a home makes more sense, particularly when taking a long-term view. Yes, even in the current hot real estate market.


Why You should rent?

Renting can have a few advantages depending on the part of the country you live in. The primary advantage is your monthly rent payment may be less than an equivalent mortgage. A secondary advantage is the fact that maintenance and improvements to the property are the responsibility of the landlord. Still, these advantages pale in comparison to the disadvantages of renting.


Why you should NOT rent?

The disadvantages of renting are significant. If you have any opportunity to purchase a home or condominium, it almost always makes sense to do so.

The biggest disadvantage of renting is the loss of value. Assume you rent a residence for RM 1,000 a month and you live in the residence for two years. You will have paid a total of RM 24,000 in rent, a pure expenditure. The RM 24 ,000 is simply gone and you will have nothing to show for it other than the time you spent in the home. Compare this to what your landlord has gained.

Rent payments are closely aligned with a landlord’s mortgage payment. Using the above example, lets assume your RM 1,000 rent exactly equals the mortgage payment. For two years, you have indirectly paid the landlord’s mortgage, helping them build equity in the house by paying down the loan. In addition, the landlord has benefited from the appreciation of the property.

By appreciation, I simply mean the amount of increase in the value of the house. If the rental appreciated RM 20,000 in two years, the landlord has received a windfall. They may have seen a gain of RM 24,000 in appreciation and payments lowering the mortgage. As a renter, you have made this all possible. The landlord no doubt would like to thank you.

Now, what would have happened if you had purchased a similar home with similar financial figures? You would have seen an increase in YOUR wealth of RM 24,000, not the landlord’s wealth. If you renting, these figures should make your teeth grind.

If you are renting, you should be out shopping for your own property. After all, isn't it time to make your money work for you, not a landlord?

If you which to learn more about renting and property Investment. Be sure to join the most anticipated investment educational convention - Property Investment Convention 2013, Which is organized by Wealth Mastery Academy.

The advantages of using zero or little money down.

You need to come out with little or no money on your own this means that you can purchase as much property as you want, as fast as you want, There's no need to wait till you're able to save up enough for down payment.

Everyone can get started in property investment right away, especially those who just began working. Even if you're in college and above 18, as long as you can prove to the bank that you have a consistent income. Either from MLM or Internet. You can start investing.

If you're able to purchase with zero money down and yet achieve zero positive cash flow every month. Your cash flow or saving will not be affected by the higher loan installment due to the bigger loan quantum. Although if your rental are higher than bank installment is plus for your property investment. This also means that you're making money with no money.

In a nutshell you can start with little or none, invest in an infinite number of properties, build up a sizable property portfolio rapidly and have a good regular income from the positive cash flow. As long as you have the skill of finding a zero money down property and used to managing in property.

If you want to learn more about investing in properties, and find out how to get a no money down property. Be sure to attend the most anticipated Investment Convention in Malaysia Property Investment Convention 2013. Organized by Wealth Mastery Academy.

How to make money from auction properties..

Everybody knows that one of the best place to get great property deals is through "Auction". Not only that you can get more than 30% below market value, there's not much competition.

Why buy an auction property?

Doubtlessly auction properties are way cheaper than market price. Thus if you get a good you it'll boost your investment portfolio. 

How does it work?

Buy and sell strategy.

Lets say the market price for the property is RM 200, 000, and you bought it in auction 20% percent below market value. which means it's RM 160, 000 you'll have to pay RM 16, 000 for down payment. 

Assuming that your property price does not hike, and it take you 2 months to sell it out at market price. You'll earn RM 4 k by just doing something simple. 

Buy and rent strategy.

I would prefer this strategy compared to buy and sell. Although buying and selling makes profit faster out of auction properties, but buying and renting it out will place you on a distinct advantage. What are they, when you buy at a cheaper price compared to others you'll have t pay less for mortgage, which means you can rent it out with higher profit margin compared to other investors or you can lower you price if you're desperate and still profits.

Where to find them?

1. auction notice in the newspaper
2. auction notice in at the courthouse, banks and lawyer's office.
3. the auctioneers 
4. Bank officers
5. and my favorite http://auctions.com.my/ 

If you intend to learn more about property investment and get great deals for property investment, be sure that you don't miss out the most anticipated property educational conference in Malaysia - Property Investment Convention 2013. Which is organized by Wealth Mastery Academy.

4 best reasons to invest in properties.

Property investment is often underrated by people, especially raw youngster who wants to get rich quick. They would prefer to do anything to get rich besides investing property. Many of my peers at their twenties love to earn a lot of money, and love to spend more because they think that they can earn more in future.

When it comes to investment, investing in stocks is typical stereotypes that people have in mind. Why? Because everything is in one place (the stock market) and it’s more profitable compared to saving account most of the time. Some amateur “in thinking” even have better idea invest in casinos. They’ll tell me that get 1000% return or 200% return in a night. Well, I only which that they out luck probability every time they invest.

So, why the heck would I refer property investment? Here’re 4 simple reasons my multi-millionaire friends and I have in common.

1.       Best hedge against inflation.

My mom always told me to save up as much as I can and keep it in save deposit. That would be a good way to secure my money but not good enough to fight against inflation. Why? The interest will probably give me 4% but (the real inflation rate is 8%) which means I’m getting poorer and poorer everyday. But when you keep you money in properties, and bam crisis occurs inflation sky rocketed. Do you think you property it’s going to drop in price or increase? Everyone knows the price would be hike.

2.       Better chance to be richer.

Many people think that buying lottery is going to make them richer. It will but what are the chances? Almost 1 time out of 9999 times. But if you take all the money you use to purchase lottery and invest in property in the right way. You’ll be sure to worth much more than you can hit the lottery in 20 years. How can I know well, it’s a fact just look at the statistic, most wealth people earn it!

3.       Best leverage.

No investment will give you such leverage, Owns 20% of the property but controls most of the cash flow. Investing in property is the only investment you can get 80% leverage on your investment. Sometimes you can get 100%. When you want to be wealthy focus on your net worth and your net worth will take care of your cash flow.

4.       Work only once.

Of course going through all those process for property investment is troublesome. Learn locate, purchase, and finding a good property or tenant. But once you’ve finished all those processes can sit back and enjoy the passive income from your property and a massive profit of capital gain.

If you want to learn more about property investment or get connection with great and successful people or speakers. I would recommend to join the most anticipated investment even tin 2013- Property Investment Convention 2013. Which is organized by Wealth Mastery Academy. 

The Importance of having a Financial Goal.

If you go around the street ask and ask anyone if they want to become rich, they would probably think you’re nuts. The typical reply you’ll get is “Are you insane? Of course I want to be rich.”

If that happens, I’ll usually drive them Insane by asking another question. “Do you have a financial plan or a goal?” Most people will zone out and shake their head. I have plenty of my peers telling me, we can’t assume what happen. Some funny people will say strike the lottery or they’re not fated to be rich.

I believe those are the typical answers for these questions. As a matter of fact, research tells us that only 5% have financial goal. Who were those 5%? Well definitely the 5% wealthy people.

The rest of the 95% only have a dream or wish list in their head nothing more. And if they try to think more they’ll assume that they’re thinking too much and being unrealistic.

However I think being realistic about having a dream is all about having a “Real” plan which also means an a applicable financial plan.

Having your own financial plan is crucial. That’s why most people who are rich and successful have a plan. It tells them what to do every day and make their dreams become a reality in a certain amount of time.

When it comes to getting rich with property investing, your plan is probably the most important thing that you need to take care off. If you don’t have a financial plan for your property investment, you’ll not be getting anywhere.

That’s exciting but how am I going come out with a property investment financial plan?

It’s simple and let me show you one.

Let say you’re 30yrs old and you’re tired of being a part of the majority. You wanted to become rich and retire a millionaire by forty. If you propose to the 95% of the people I was talking about they’ll probably think that you’re too ambitious and you’re going fail miserably. 

Well, let me tell you something, you can make it happen even before you turn 35.

Goal: 5 years to worth 1 million.

1 property cost about 200k. (Sounds reasonable)

Buy 5 properties and you’ll collect a million Ringgit in net worth.

Time allocation for your financial plan.

Sounds easy? Far from it! If you want to buy one “good” property in a year you’ll probably have to search 30 before you found one.

Alright 30 properties to search, I’ll make myself one property per week every week. What’s next? You still have 22 weeks of weekend to yourself. Wait that’s not it! There’re 2 of the key factors to success are having knowledge and connection. Well let’s take 2 seminars to attend a year (for connection), which would take up 2 weeks out of the 22 weeks and the rest of it? Read books for the rest of the week if you can.

Resources Planing 

Great! Now that we have the allocate time correctly, the next thing to worry about is “MONEY”

Let’s say on average the first property that you target as a beginner is RM 100, 000. You’ll need to save around 15k. This would be RM15k/12, RM1250 per month. RM1250 Ringgit divide by both spouse RM625 cut from the salary or income.

Wait! RM625 per month is huge!

Well, let me simplify your task a little bit. Earlier I said successful people know what to do every day to be successful. So let’s break it down into everyday task for you. RM 625/30 = RM 20.83/day.

Conclusion.

5 things for 5 years to do and turn millionaire.

Worth a million Ringgit isn’t difficult anymore isn’t it? Just do these 5 things for 5 years and you’ll be a millionaire.

1. Save RM 21 everyday.
2. GO house hunting every week.
3. Attend seminars twice a year.
4. Read self help books and investment books during free time
5. Sacrifice pointless entertainment (to tons of saving money) and TV time (to save tons of time.)

If you wish to learn more about property investment and get the latest market report be sure to attend the most anticipated invest event in 2013. The Property Investment Convention 2013 which is organized by Wealth Mastery Academy.

Frequently asked question for Property Investors

When it comes to property investing people are always puzzling and let tones of questions stop them from investing in property. Here’s a list Q and A to help you to cope with your fears that would stop you from investing in property.

How do I start a common question asked by many people?

Especially newbie investors who want to invest in properties. The first and the most important, GET EDUCATED there’re tones of books, DVD, and seminars out there that gives people a clear concept on how to invest in properties. When it comes to property investment it’s crucial to invest in knowledge first, one mistake will cost you decades to recover. Personally, I would read almost all the available books learn the concept and attend a seminar. Unlike any other investment, property investment requires you to have a lot of good Connection and attending seminar is the best way to get connected.

What should I do after learning all this stuff?

After getting sufficient knowledge, experience and cash. You can start scouting for your investment property personally I would recommend getting a property that is way below market value and high in demand. Get a good property rent it and repeat the process.

What do I do after I purchase these properties?

Well you should make yourself a goal and purchase five to six of these properties in about 10 years if you’re very diligent save more and purchase more in a shorter amount of time. Having Five to six positive cash flow properties will put you in a millionaire club, and allow you to have an incredible positive cash flow. Well if you want to be a millionaire fast. Save up money fast and buy property fast.

Buy Buy Buy! But what to buy?

As I said earlier getting good positive cash flow properties isn’t easy task. But that’s part of an investment. If someone runs up to you telling you that buying this or that will make you rich in the future it’s probably not an investment but a scam. To find a good investment, you have to earn it and the most difficult part is putting down the blood sweat and tears to find it. But with the help of knowledge and connection you gain earlier, things will be easier as you move along the journey.

When should I sell my property?

In reality you should never ever sell your property, why Should you sell your money making machine and trade it for a pile of cash? Which will probably depreciate in the future? Properties will make you tons of capital gains a long line with inflation till the day you die. Well it’s a fact, ever heard of a good property cost ten times less in ten years? No! It’ll probably cost ten times more!

That’s why you should buy kept them and turn them into a passive income machine!

Good Luck!

And if you intend to build up your connection and learn about the latest property market performance. You can find it out at one of the most anticipated event - Property Investment Convention 2013. Which is organized by wealth mastery academy.