Formula in property investment:
Buy BELOW market value
REVALUE your asset
Finance at market value
Pocket the different
Collect monthly rental which is higher than loan repayment
Deadly Anti-Wealth Mindset
- Buy ONLY when I have the money
Try to look for alternative sources !
EPF/liquify shares
Home VS Investment – HOME IS A LIABILITY
- I want to DEBT-FREE
DEBT-FREE is GOOD, but it should be FINAL GOALS.
Current focus should be on ACCUMULATING WEALTH
With 1:10 Ratio investing in properties, when properties appreciate, debt coming down
GOOD DEBT – Buy Appreciating Asset
- I have been BURNT
- I have enough problems
- I have no time
IF YOU ARE VERY BUSY, THEN YOU ARE
EITHER VERY RICH
OR FOCUS ON THE WRONG THING
- Should be spouse’s responsibility
5 major pitfalls
Impulse buying
Don’t buy with heart
30 minutes rule
Driving distance to easily monitor asset
Herd mentality
Follow blindly, B/U danger at 500k++ for 2sty terrace
Wrong gearing
Hard to sleep at night
Not buying below market value
Should be sub-sales / 2nd hand properties, preferably with tenant in
Properties@Work, notes
