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. 

How spot and buy properties motivated seller?

Image Credit: Image Chef

Why buy from motivated seller?

First thing first, why does all the millionaire multi-millionaire buy from motivated seller? It’s simple you can get the properties for way below market value. What? Yes way below market value (at least 30% off market price.)

Before I explain how this secret of multi-millionaire property investor work let me enlighten you about how you can find a motivated seller and buy from them.

How to find or determine a motivated buyer?

To start let’s see what makes a person a motivated to sell. It is because they heard some motivational speech and felt pumped up to sell their property?

Err… doesn’t really make sense. What really makes them motivated to sell their property is that they were forced and have no other option but to sell their homes.

Who are they?

I can give you a few that we always come across but of course there’s always more other can think of.

List of motivated sellers.

1. Migrating out of the country.

These people usually want to sell out here house fast. They want to move on to greener pasture. Maybe their children have already found a job outside of this country, and they decide to move out and stay with their kids happily ever after.

2. Divorce

Well this should be the sad group of motivated sellers. Instead of living happily ever after these people have to stay away from each other. And one way to do that is to sell off the home that they share and move on with their life.

3. Moving

Moving is somewhat similar to migrating. Some people may move for many reasons, some may want to retire in a more quite state some may have hit the jackpot and move to a bigger home whatever the reason that is.

Many more you can think of.

How does it work?

Wonder how you can help people and while being richer? Well sound too good to be true… Buying from a motivated seller can make you tones of money and help them out.

Let’s say you’ve someone who wants to migrate out to stay with their children in America. You’ll offer to buy their house 30% below market price.  

Market price: RM 1 million

Your offer: RM 700,000

You might be wondering now, that it’s too good to be true. Only stupid people will be willing to suffer a loss of RM 300,000. Well, if you think this way you might be missing out the big picture.

Benefits for the seller

(Let’s assume 30 years ago) The “motivated” seller bought that property for RM250, 000 (logical price as property value always hike.) If you buy from them at RM 700,000 they will make a profit of RM450, 000. That’s a good deal for them and they can fly straight to America with almost half million.

Benefit for us?

Well you might be thinking you’re losing money by purchasing a property for RM450, 000 extra. Well in actual case you are profiting RM 300, 000 straight from transaction. How is it so? For investor it’s always about the market value. Market value = RM 1 m, you bought it for RM 700,000. You win RM 300, 000 in net worth.

How to turn it into profits?

Well as I said earlier all the top dog of property investing uses this method and how it benefits you property investing plan compare to you conventional plan?

Rent it out with a higher profit margin or flip it at market price.

To learn more about buying from motivated sellers. Visit Property Investment Convention. 

At the Property Investment Convention real property Investment gurus will give you their latest property investment strategies and provide investors with a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies to the masses.

How to find a determine a desirable area/property

When it comes to property investment, I'm sure everyone has heard about the famous mantra, Location, Location, Loacation. But the question is still there, staring us right in the face "Location?" by repeating it 3 times doesn't help with anything or solve any property investment problem.

So what makes a good location?

Basically form investment stand point would be a location which high in demand or tons of people. Looking for an investment house is entirely different from looking for a vacation or retirement house. For retirement house you want to look for "peace and tranquility" but for investment home you would want to look for " Place with great inflation rate and easy to rent out"

Why?

As inflation shot up your property will increase in value without working hard for it!

Easy to rent out is a convenience for investors, you can leverage your investment with by letting your tenant pay for your mortgage, and repeat the procedure couple of times.

What makes a particular property desirable?

In the big picture there is only one thing that makes a particular area high in demand which is "JOBS". More jobs equal more houses and more houses equals more investment opportunities.

A house that is in big cities' cost a bomb to purchase and it will cost a "nuke" in the future. Jobs covers a wide spectrum not just the working class but everybody else. Imaging everyone get used to working in a place or having their businesses in a place. Suddenly inflation hits and everybody are not making enough to survive.

Will they move to a rural area? 

NO! Only some boomerang generation will.

Will they give up their house and stay on the streets?

Some but imagine a CEO sleeping in the streets, worse case he/she will give up his luxury house or a car and downgrade it.

What am I trying to say?

In order to survive in the city with high living expenses can give up their I Phones or BMW, but they still need a place to stay.

So is the "Mantra answered?" Yes!

The answer is buy Properties in a metropolis area with high jobs density. As simple as that!

At the Property Investment Convention real property investment gurus will give you their latest property investment strategies and provide investors with a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies

How to increase property resale value

Never judgea book by it's cover when your investing inproperty. Always do some extensive research when it comes down to investing in properties.

Attractive surrounding or commercial surrounding

One of the biggest dilemma for property investors when trying to resale their property. When a good property investor is  shopping or selling a property, they'll always have these at the back of their mind.

Not all buyer looks at the dollar value on a view therefore leaving you in a difficult position – stick with your own instincts. Finding a buyer for your home may take more time than estimated with or without viewsout views. In some instances the resale worth on house price tags have been reduced for a quick sale due to the location or neighbourhood.

Focus on buyer's perspective.

From prospective buyers is drawn more towards the bricks and mortar side of things, but the land is crucial too. Homes that hold excellent resale value should be situated on land that is as flat as possible. If the property is in a regular neighbourhood then the land must be square – not odd or unevenly shaped. Size of the backyards are usually found to be a great deal smaller in modern day homes than in properties built in the olden days, having said that, never lose faith. You can still locate a decent sized front and back yard in smaller properties.

 Properties around residential districts will be different in size.

In the event resale value is a crucial issue then don’t buy the biggest building in that particular area of the town or village. When figuring out market value the homes immediately next to yours may hinder a buyers assessment so if you invest in a small or medium house in that place the larger homes might help pull up your value.

Purchasing property in a more exclusive neighbourhood

It may present more monetary incentives.

Stick to buying property within the size of three to four bedrooms which are the most favored with new home buyers. In terms of the resell offer you will have more prospects for getting offers because of the size. Watch out for his and her bathrooms – put simply two washrooms. Walk-in spacious closets are extremely appealing within the master bedroom.

Always take a look at wardrobe space – more space more income in your wallet when you come to selling. Resale Value will rise with a joining garage or conservatory.

Have the utility/laundry room situated somewhere accessible on the lower floor of the house. Kitchens are generally about a person’s unique taste but the bigger the better. The serving of food made convenient – would be to locate dining and eating places that are next to the kitchen area.

Accessibility of your property increases home value

Seek out easy accessibility to the backyard through the kitchen if you like to entertain in the backyard garden with barbecues. Swimming pools nowadays may decrease the resale price because of kids and the danger risks. Children must never be left unattended by water. Sound judgment will assist you to decide on what priorities is most important to help retain the homes resale value.

To Learn More about Property Investment  Join Property Investment Convention today.

At the Property Investment Convention real property investment gurus will give you their latest property investment strategies and provide investors with a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies to the

Get Rich with Real Estate

Is it possible to get super wealthy with real estate? The answer is yes you CAN. Why it's simple most millionaires made their millions simply by investing in real estate. How can I achieve it? You might ask. It's simple just. Just attend a good SEMINAR

The Big Question.

It is true that property investments can strengthen your financial situation and diversify your portfolio. It is also correct that there are a lot of people who are quietly well-to-do due to careful investing in real estate. The truth is, many of these people worked very hard, gave up luxuries and invested sensibly as opposed to buying into promises of easy money.

What all these phony gurus are going to do is emphasize the life you “can potentially” experience and gloss over the work property investment involves. They talk about themselves using as many adjectives as possible as opposed to actually offering you verifiable details concerning their expertise. They belittle any issues common to property investment.

Beware of 

False gurus also discourage you from talking to genuine industry experts, such as realtors, because a great real estate agent will lose no time telling you about the truth of your position in the property world and then guide you to practical investments that are likely to offer you a good yield for the money and time you are willing to put in.

Not everyone conducting a seminar on property investment is a fraud. Search for people that don’t guarantee you instant success, who avoid using showy buzzwords as opposed to actual facts and who have verifiable references. Do they work in the property industry? Have they got any recommendations from that field? What is the aim of the seminar? Somebody who is ready to give you the realities on what could not work right is more useful to you compared to somebody who charges you a grand to inform you absolutely nothing about what you must know.

Learn the Real Strategies Now!

One on the biggest Biggest Property Investment Event now is Property Investment Convention in which THE REAL experts will be there. Come and join us! You might be wondering is there any phony on the stage speaking? The answer is no, Why because they're not invited! as simple as that view our speaker's list and find out the Real Strategies.

At the Property Investment Convention real property investment gurus will give you their latest property investment strategies and provide investors with a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies to the masses.

Buying the Right Home the Right Size

One of the new buzz words in real estate is "rightsizing". Rightsizing is about finding the right size home for where you are in your life - people are searching for the perfect space for their needs. This concept not only applies to your search for personal space, it's also a concept that is being applied to building and city planning. With an aging population, increasing density and a greater emphasis on lifestyle, the switch in thinking from "more space" to "the right space" makes a lot of sense.

Right Sizing Reason

Rightsizing is often brought on by a life transition and the accompanying awareness that you have grown out of your current situation - your home just doesn't "fit" you any longer. There are many things that may trigger this awareness: your last child has left the house, you've been laid off or you've recently undergone a divorce or the death of a partner. Maybe you're retiring; want to get control over your rising debt, or an injury or illness makes it just too difficult to tackle the stairs everyday. Whatever the motivation, you've realized that it's time to find a home that is better suited to your needs.

3 Key points to consider to get the right size.

1) What is important to you?

2) What are your needs?

3) What makes you happy?

When you answer the above questions, you’ll have a better idea of how you want your home to be.

Getting Rid of It

Often the rightsizing concept focuses on pairing down your possessions in an effort to get rid of the endless mementos that you've been dragging around for decades. It is possible to live a meaningful life without all those things, and by culling your belongings you may be able to live in a smaller, less demanding (or expensive) space. Trading size for lifestyle is also appealing - lose the big house in suburbs for a loft in the city, swapping the commute for convenience and possibly doing away with the expense of a car altogether.

Smaller Home Allow You to enjoy more of the design feature

Perhaps a smaller home will allow you to enjoy more of the design features you desire. Your kitchen may be half the size, but you can afford the cabinets you've dreamed of and a heated slate floor. Maybe you've always longed for a greener life and are willing to trade your urban existence for a little cabin in the woods.

The Big Focus

A big focus of rightsizing is to free you from the responsibilities of home owning so that you have more time to do the things you want to - for instance, if you have a big backyard that requires your constant attention, but you would rather spend that time kayaking, traveling or going to the movies then why keep the space? Trading your time-sucking plot for a more manageable patio garden will give you the time back and allow you the freedom to do what makes you happy.

Although much of rightsizing concentrates on moving to a smaller space, this isn't the only focus. Rightsizing is not so much about choosing a smaller home; it's about enhancing your environment by understanding what you really want. You might need more space - perhaps an elderly parent is moving in or you dream of starting a home-based business. It might be that you're considering a move to a home with more square footage, which includes a rental suite so you can generate extra income, allowing you to work less and play more.

There are lots of resources available to help you "rightsize your life", including a great book with step by step instructions to help you determine what you really need in your life and what you can let go of. A quick search online will turn up lots of inspiration. Remember, this transition may bring up a lot of emotions, but when it's over you can enjoy your new freedom and the happiness it brings.

The Property Investment Convention aims to provide the latest property investment strategies and give investors a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies to the masses.

Don't of Property Investors

Buying property is a good way to be rich. Property Investment is known to convert many into millionaire multimillionaire. However there’re plenty of property investors struggle while investing in their first few investments.

Why? The reason is simple any of the property investors didn’t know the rules, the do and don’t in the game.

For many investors who struggle while investing in properties, most probably do not know the pitfalls and mistakes they should avoid.

So what should a property investor do? And what should a property investor avoid?

Don’t buy rural areas.

For the last 10-15 year property prices of urban have kept on increasing. Areas like Klang, KL, Penang, and Johor, have its prices skyrocketed. I remembered one of my friends bought a property in Penang 8 years ago for RM 100+ K, now the price is about one million. Her property bought itself every year.

The reason not to buy in rural areas it’s not because, the price appreciates slowly but the demand of land is too much. It’s easy for any developer to build a property and have buyers buying them. Thus it’s harder for you to get tenants in the rural area.

Don’t buy on impulse at property fairs.

Do you think great deals are in the property's fair? The answer is simple- “NO”. You have to spend time and money to allocate your own great deal and most of them don’t appear in places like property fair. Even though the packaging, and the brochures are nice. But for property investment, you have to see the place, analyze it before you make any decisions.

Don’t buy residential property facing highways or industrial area.

Don’t get your investment exposed to too much pollution. If the government builds a highway in front of your house or investment, sell it. If you don’t your tenant won’t stay in your property for long.

Don’t buy near high tension cable areas

It’s common when people always find properties near high tension cables extremely cheap. However, those cables might put you or your tenant in a high health risk.

Don’t buy near these areas.

·         Worship Places

·         Schools

·         Shopping centers

·         Food Stalls

·         Pubs

·         Multi Propose Hall

Near is great but too near is troublesome, image a mega worship place is right in front of your house, it’ll give you tons of trouble with the noise and traffic jam.

Conclusion

There’re no prefect properties, even with the above don’t you’ll still have to put in some research and find out your target market. As long as your property has more pros than cons.

The Property Investment Convention aims to provide the latest property investment strategies and give investors a realistic picture of the current property market. It is organized by Wealth Mastery Academy, a company committed to providing solid financial education and wealth creation strategies to the masses.