It is difficult to work alone, no one to discuss any plan, strategy and tactics. You have to work on your own to find potential properties to invest, spend a lot of time and energy, ideas to improve managing your investment, and no one to exchange ideas to improve your rental income.
Like the Lone Ranger said in the movie, "They control everything..."
Yes, it looks like government control everything. It looks like government like to restrict people from investing and improve their wealth. In reality, government roll is to ensure economy stability all the time. It was a perfect timing when various measures were introduced or tighten in order to reduce property speculation. In a very hot market, many novices can easily get hurt especially when they work like a lone ranger. Various government moves have shown some good results to prevent overheating in the property market which can be read in here, here and here.
However, if you are creative, there are ways to invest at minimum cost, selecting the best property and expand your investment. Despite many restrictive regulation by the government, there are still many ways to invest in property. When the market is hot, prices escalate every month, it is hard to think logically. Many of your moves are based on gut feeling or else the investment opportunities are taken away by the speculators. Now the investment situation is getting better because when the speculators has been reduced to minimum, the real investors can plan and take action in a more prudent manners.
It is sad to see other people especially those who close to you did not take the opportunity to invest. Instead, they just complain their life are getting harder due to the rising cost of living. I have shown to some of them that not only why property investment is important, I also showed a list of potential good investment for them. A few of them have been shown how they can raise the capital for down payment, lawyer and duty stamp. Yet, most of them refused to invest even they have the ability to do so. The saddest part is some of them have the connection to verify what I have told but did not do so. They have ability to think and process what I have shown, yet none was taken.
Those are last year story where most of them were shown how they can get the return of investment by monthly rental and profit. Today, many of them regret did not do so! One of my friend bought a new car last year instead of joining me buying a property. Today, he already complain how much he has to spend for the monthly installment and fuel! If he joined me last year, he should be able to buy a new car at the end of this year without any of those problems. Being a lone ranger property investor, there is not much you can do if people refuse to listen.
Last week after finishing up my full time tasks, I spent a few days outside of Johor. I have found a very strategic location to invest with several type of properties to invest. It is very easy to evaluate the properties especially the same strategy has been duplicated many times in many locations in the country. My original visit was for technology research collaboration. But, after spending a few hours in the town and being an experience investor, I quickly identified prospective property investment and shown it to my new friend. As usual, many people do not realize the gold in front of their eyes. Hopefully, my new friend can strengthen his will to invest in this very good opportunity. Thus, I would not be a lone ranger in a new property location.
1 comment:
Have you made any property investment before covid-19? How is your situation now? All my investment are considered matured by the time MCO of covid-19 occured. So, I still have tenants on all of properties. So, it is important to intelligently evaluate a good property to invest rather than just follow the stream.
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