Property Investment Convention 2013: June 2013

Sunday, June 30, 2013

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.

Friday, June 28, 2013

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

Thursday, June 27, 2013

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

Wednesday, June 26, 2013

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.

Tuesday, June 25, 2013

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.

Thursday, June 20, 2013

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.

Wednesday, June 19, 2013

Renting a home advantages and disadvantages

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.

RENTING – ADVANTAGES

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.

RENTING – DISADVANTAGES

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 RM1,000 a month and you live in the residence for two years. You will have paid a total of RM24,000 in rent, a pure expenditure. The RM24,000 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 RM1,000 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 RM20, 000 in two years, the landlord has received a windfall. They may have seen a gain of RM24,000 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 in RM24,000, not the landlord’s wealth. If you are 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?

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.

Monday, June 17, 2013

Apartment Buying Guide

Buy with Minimum 2 Bathrooms

The days where 10 people from the same house can share one toilet. Having at least 2 toilets is a must, for most people are busy and need to use the toilet as quick as possible.

Buy Units that are far away from rubbish chutes, lift and staircases.

A very common mistake by most newbie property investors, just because the price tag of the particular apartment is cheaper than the other doesn't mean it's definitely a great deal. Check up the place before and purchases. People in low cost flat area usually throw rubbish near the elevator or stairs. You do not want to buy those units.

Be Picky about Parking Space

Look for places with at least 2 parking spaces, most families have at least 2 cars, Added parking space is an added value for your investment.

Beware of ceiling heights

This is an uncommon but, if you want to rent out your apartment fast, you might need to take heed that some apartments have really low ceiling heights, and you do not want it to be in your investment portfolio.

Best type of apartment for most investors

Most experience investors will go for 2 bedroom and 2 bathroom apartments. It's easier to rent out, as there're a large pool of tenant.

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.

Friday, June 14, 2013

How to make more money with rental properties

What if you want better cash flow from your rental properties? You can't just raise the rents arbitrarily. If tenants leave, income goes down, not up. There are other ways, though, including the ones listed below.

 1. Install coin-operated washing machines.

 Even if you don't have the money to do this yourself, you can find a company that will do it for you, and share the income with you.
 
 2. Rent extra parking space.

When I got tired of a renter's extra car, I just started charging a weekly fee. Then I didn't mind so much.

 3. Raise the rent.

Okay, we did dismiss ARBITRARY rent hikes as a cash-flow solution, but check on the rates for similar units. Are you renting at below-market rates?

 4. Rent storage sheds.

Especially if your apartments are small, your renters may need a place to store their things. Don't let them spend their money elsewhere. Put a few sheds on the property.

 5. Enforce late fees.

It is perfectly fair to have a fee for late payment of rent, and guess what? Those who are chronically late usually don't even mind - they just don't look at these things the same way as others.

 6. Offer improvements for rent increases.

If it's worth $25 more monthly rent to a tenant, install that dishwasher. Even on a credit card you'll pay less than that per month for it.

 7. Install vending machines.

If your rental properties are large enough, others will do this for you for free, and give you a share of the income.
 
 8. Rent by the room.

A four-bedroom house might make more money if you include all the utilities and rent by the bedroom. This has made a lot of fortunes for investors in college towns. It does mean a lot of management, however.

 9. Rent-to-own sale.

Usually there's a non-refundable deposit, and higher than market rents in these deals. When renters change their minds, as they often do, you got the deposit and better cash flow. This is great when poor cash flow makes you want to sell. You either sell or get the better cash flow as you repeat the process.
 
 10. Reduce expenses.

Every dollar of expense you cut goes straight to the bottom line. List every expense of your rental properties, and look at them one at a time. How can you reduce them?

To Learn more visit, 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.

Tuesday, June 4, 2013

Sources to Find Investment Deals

For investors

Thank God for the Internet, today finding and comparing a property is much easier, all we have to do is just go on to the internet and search. However searching only from Google is just the beginning. One would have to access all the portals in order to search more effectively.

For real estate agent

Simply great new! more portals to add your listing.

So, here’s a list of website that you can start with.

Local (Malaysia)

Going Old School

If you’re not tech savvy and couldn’t operate these portals properly, Don’t be disappointed doing things the old fashion way will also get you a good deal.

How? By using bandit signs.

Write as simple as possible with attractive words.

Here’s few example you can use.

“Cash in 7 days for your house”

“I buy junk property”

“If you don’t sell me your house I’ll die”

“Cash for your properties”

“Don’t let others steal your house”

WARNING: Some city and county laws may prohibit posting signs so check with your local government before posting these signs.

If you want to learn more sources on real estate investment and real wealth creation strategies, check out the Property Investment Convention organized byWealth Mastery Academy.