Buying a Property without any Capital

Lately, I am really baffle why people don't want to buy a house whereas they can actually afford it. It is one of the best ways to force yourself to save for the future. And if you select carefully, the house can easily generate additional income for you.

In one of my previous blogs, I advertised to sell my first house on 19 August 2014. I rented the house for RM600. The current tenant was a good paymaster. The payment was always made on time. Soon after my advertisement including in my facebook, the tenant told me September will be their last month to rent the house. This was a good news for me. My house is located in a hot market. If the current tenant want to quit renting, I can raise the rental for a new tenant.

My advertisement for rent was published in 6 September 2014. The asking price was set for RM800. After submitting my advertisement, I pray for Zohur. As soon as I finished my pray, someone call me asking to rent the house. Wow, that was fast. Normally, it took a day for an advertisement to get publish. And it took a couple of days for any inquiry on the house. Since, I don't have the house keys, I set the visiting date to be at the end of the week and hoping I can get the house's keys. Within a few days, more than 10 people already expressed their interest to visit the house. Some of them want to move in immediately. But, I cannot allow them to do that until they view the inside of the house.

Unfortunately, I cannot get the house's keys by the end of the week while in the following week, I went to KL and Kuantan. Finally, the visiting day was finalized on 20 September 2014. And there were more than 25 people already contacted me to visit the house. But on 16 September 2014, I visited the house due to Malaysia's day celebration and manage to meet one of the potential customers. This customer is smart since they managed to visit the house earlier by asking permission from the current tenant to get inside! After updating the visiting day to all potential customers, I waited at the house from 12pm to 5pm.

There was one main purpose for me to ask my potential customers to visit the house: to access their background in order to determine whether they are worthy to rent my house. After more than 17 years having tenants for my house, I was very sure what to ask in a way they don't realize what I have been doing. This will be revealed in detail in my 3rd affordable property investment seminar on 8 Nov. 2014.

Some of my potential customers need a few days to decide while a couple of customers wanted to see me on the next day to finalize the discussion.  I finally choose to accept a tenant who was the first one I met and signed an agreement on the following day. There were still a few people visit my house on the following day. To their surprise, they were too late to rent the house when they met me at 5pm Sunday 21 September 2014.

What baffled me towards the end of the tenant hunting, some of them can afford to buy a house in the area based on their background. Here was my simple analysis:

Selling Price : RM150,000
Loan             : RM150,000
Loan length  : 30 years
Interest         : 4.5%
Monthly       : RM760.03

Since, the monthly loan repayment is less than the rental fee, most of them definitely can buy the house with profit. The main question was how to come out with the 10% deposit, lawyer fee and duty stamp? Once you know the tricks, you may bang your head on the wall for not taking the opportunity!

Another question one have to ask is how to make sure the loan is approved. This is also another investment trick which one should learn in order to progress quickly in the property investment industry.

To know the answers for both questions, you should attend my 3rd affordable property investment seminar on 8 Nov. 2014.

Membina Kemahiran Pelaburan Hartanah Melalui Penguasaan Bahasa

Para graduan harus sedar penguasaan bahasa Inggeris bukan sahaja penting untuk mereka bekerja tetapi untuk mengembangkan minda mereka semasa dan selepas tamat belajar di universiti. Kebanyakkan ilmu, coretan dan nukilan yang berharga untuk mengembangkan minda berkaitan isu-isu semasa atau jangka panjang (seperti pelaburan hartanah) ditulis di dalam bahasa Inggeris.

Penguasaan bahasa selain bahasa ibunda juga dapat membentuk minda agar sentiasa berfikir dan bukan menghafal semata-mata. Tidakkah kita berasa pelik mengapa al-Quran diturunkan di dalam bahasa Arab? Tidakkah kita berasa pelik mengapa rukun-rukun penting di dalam sembahyang dan sesetengah ibadat dimestikan di dalam bahasa Arab? Jawapannya ada di dalam surah Yassin. Jika kita rajin membaca terjemahannya kita akan dapat menjumpa sebuah ayat di mana Allah menerangkan mengapa Al-Quran bukan diturunkan di dalam bahasa ibunda kita.

Al-Quran juga mencabar manusia agar memerhatikan alam persekitaran dan cuba mencapai sesuatu yang kelihatan mustahil. Adakah kita mampu mencapainya? Tidak, jika kita hanya menggunakan penglihatan dan kekuatan tenaga sahaja. Namun jika kita menggunakan kekuatan akal fikiran, kita akan mampu mencapai sesuatu yang kelihatan mustahil kecuali mereka yang menggunakan akalnya.

http://www.thestar.com.my/News/Nation/2014/09/02/muhyiddin-yassin-english-must-pass-subject-at-public-universities/

Ramai graduan universiti mempunyai falsafah pendidikan yang salah apabila menyangka pendidikan mereka berakhir setelah tamat belajar ijazah di universiti. Mereka seharusnya memperolehi kunci pendidikan jangka panjang iaitu penguasaan bahasa. Berdasarkan perkembangan ekonomi dunia, selain bahasa Inggeris dan Arab, para graduan universiti juga harus digalakkan mempelajari bahasa Mandarin!

My First Shop House for Sale

I am planning to sell my shop house which I bought in 2008. A shop house is a property where the ground floor is a shop while the top floor is a house where people can live. My shop lot has three rooms at the top floor and one kitchen which is fully tiled. But most of the time, the top floor is also being used as an office. The shop lot is located at 31 & 31A Jalan Utama 43, Taman Mutiara Rini, 81300 Skudai, Johor. The front view is shown below. The size is 22' X 75'. The top floor is fully built from the back to the front. The middle of the top floor, the roof is very high where some owners already create another floor in the middle so that they got another half floor at the top. So, the shop lot can become 2 1/2 floors.

Most of the shop lots in the surrounding area are fully occupied. Currently, I already have two tenants: for top and ground floors. At the main road, there is an Affin Bank and a Police station facing the main road. While my shop lot is facing the empty plot of land.  The empty land is underdevelopment since early this year.

Currently, there are two main projects underway which are to develop shop office lots facing Persiaran Utama, and terrace houses at the back. The shop lot prices are RM1,400,000 for 2 storey intermediate lots and RM3,000,000 for 3 storey corner lots. Upon completion in 2016, I estimate the shop lot price will become between RM1,800,000 to RM4,000,000. At the back of the new shop lots, there are many new gated and guarded terrace houses being built. The entry gate will be facing Jalan Utama 46.

There are many interesting new development in the surrounding areas such as Mc Donald, Tesco (more than 50% complete) and Mydin as shown in the picture below. Mutiara Rini developer is also aggressively building the surrounding areas with new houses. Thus, the whole area is getting busier every day. In fact, Mutiara Mas township which is at the front of the McDonald is also getting crowded. The new 3 storey shop lots at Mutiara Mas was sold under sub-sale for RM1,800,000 (originally sold by developer for RM1,200,000) within a few months of getting the keys!

But the most important development to be executed (already approved) is the 2nd link highway exit close to Lima Kedai. In fact, the whole area of Taman Mutiara Rini has been enlarged after the developer got the approval from the authority to develop the 2nd link highway exit. The main road is also under construction to be expanded from two lanes to four lanes connecting the whole area to the 2nd link highway while bypassing Lima Kedai town.

If you are interested, you are welcome to email me for discussion.

SEMINAR PELABURAN HARTANAH MAMPU SIRI 3 (3rd AFFORDABLE PROPERTY INVESTMENT SEMINAR)

JIKA ANDA PERNAH GAGAL DI DALAM PERMOHONAN PINJAMAN BANK UNTUK MEMBELI RUMAH, ANDA DIGALAKKAN MENYERTAI SEMINAR INI DAN MEMBAWA SEMUA DOKUMEN YANG BERKAITAN DENGAN PERMOHONAN PINJAMAN TERSEBUT.

Pihak kami akan memberikan khidmat nasihat untuk mencerahkan peluang permohonan pinjaman pada masa hadapan. Pihak kami telah berjaya membantu pelbagai pihak di dalam permohonan pinjaman.

I am pleased to inform the 3rd seminar will be held on 8th and 9th November 2014. The first day is open for beginner and intermediate property buyers or investors. This time, the short course will be emphasized on the buying process instead of too many technical know how. But participants are still open to ask any relevant question. Potential investors should be able to see their weaknesses and wrong assumption of the industry as shown in the flowchart on the left. 

This single day seminar will cost RM250 per pax. The main focus of the investment is IRDA, Nusajaya and surrounding areas. But the same principles can be applied in other areas of investment as long as investors have done the proper homework based on the taught principles, strategies and tactics.

The second day on 9th November 2014 is for face to face mentoring. Participants should bring their 1st draft  of investment strategy and choices of properties to invest based on the knowledge learnt from the previous day. Mentors will be around to discuss the weaknesses and strength of the proposed strategy based on each investor's strength and weaknesses. The mentoring session is offered at a special price for this event at RM250 per head.

You should also bring your list of questions to be asked on the first and second day. The questions could be what are your main concern which make you hesitate to invest or buy a property.

For examples:

1. How to buy property without almost no deposit (100% loan)?

2. How to get good tenants?

3. How to select a good property which can ensure high quality tenants?

4. My monthly excess is not sufficient to cover the bank loan to buy a new property, what should I do?

Cheap Money is Coming Back to Malaysia

ARE  YOU READY?

Finally, USA admitted, there is no economy recovery...yet in USA. While EU economy is getting worst especially after some 'wise' people trying to blame the Russian for the tragedy of MH17. Sometimes I wonder, why the Europeans are so stupid to sanction Russia without proper solid proof which makes EU economy deteriorates. While USA puppet masters are smiling behind the curtain. What is the bigger agenda? You can read the details here:

At almost the end of the article, pay attention to the red lines:

So, what is going to happen?

1. ECB will print more money, hence reducing its worth. So, where do investors should park their money to maintain the rate of return? Guess where?

2. KLSE and property market will be flooded with cheap money again. But this time, Bank Negara is more cautious.

3. Price of goods and services will go up because RM exchange rate is also tied to Euro while the people will blame on the Malaysian government for introducing GST. Please learn to grow a little bit of foods on your own...just in case. 

4. While people were wasting their time blaming on the government, a small group of people who realize this had happened before when the FED debasing her currency, will prepare their funds to buy more

 property.

5. To maintain profits, MNC will shift their production, operation and design work to Malaysia while offering higher salary for certain group of people (who aware the latest skills and knowledge needed).

6. Property prices will continue their previous growth path especially in IRDA and surrounding RAPID, pengerang.

All of these can happen provided China economy does not crash and there is no World War III!