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It is he, who knows how to navigate THE road to 3 million.
Simply put, the pot of gold at the end of the rainbow, you and I have been chasing, since the beginning of time.
Just who is he?
All eyes are on him.
Taking the property investing world by storm, is Faizul Ridzuan, the property whiz, nominated as one of the 100 Most Influential Young Entrepreneurs in 2017, the CEO of FAR Capital Sdn. Bhd., a speaker and the bestselling author of “WTF? 23 Properties By 30”.
He has accumulated more than 60 properties to date, and he is also the largest private buyer of more than a billion ringgit worth of properties in the last 12 months.
A careful property investor might be curious as to what are some potholes to avoid while cruising through the road to reach their final destination of 3 million dollars.
Faizul puts the question to rest, with 3 elements in order to spot and steer clear of these pit-ful mistakes.
#1: UNCLEAR INVESTMENT OBJECTIVE
A clear investment objective, is the start of a successful investment journey.
You make money from properties in 1 of 2 ways- EITHER capital appreciation OR cash flow. Pick anyone off the streets, and this is what they would tell you.
But, guess what? You are entitled to be greedy.
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Faizul is an untiring advocate of buying into properties which enables you to earn BOTH from capital appreciation AND cash flow. NOT EITHER capital appreciation OR cash flow.
This is your new mantra, repeat after me: have a clear investment objective- buy into properties which enable you to earn BOTH from capital appreciation AND cash flow.
It is only when people are clear on what their investment objective is, then will it be easier for them to set out to buy properties and successfully navigate closer to the pot of gold.
#2: HOMEWORK, HOMEWORK, AND MORE HOMEWORK
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There are no two ways about it. Definitely do your homework well before committing to a property-buying decision.
The Maturity Concept
Essentially, a good property is a property that has a maturity point of less than 5 years, this means that, it will be able to make money within 5 years. To fully grasp the maturity concept, is to filter through and not fall into the trap of buying into hypes, selling prematurely, resulting in monetary loss.
Medini Iskandar is a prime example of buying into a hype without understanding the maturity concept. It is not a bad property, but simply,
a property with a maturity point of 10 to 20 years, hence the action of selling before the maturity point, increases the chance of you losing money.
The Median Price Point Concept
A median price point in an area like KLCC, would be different from an area like Puchong. So a one million ringgit condo, for example, in KLCC, is a great value for money as the median price point for KLCC is above one million. However, a million ringgit condo in places like Puchong, becomes overvalued, a suicidal buy. To put things into context, the median price point in Puchong, as of today, is under eight hundred thousand. Hence, to get people to pay a million dollars for the exact same condo, in a different location, does not make sense anymore. Thus, the bottom line is that you need to know the profile of the buyers in that area.
Faizul’s money-making methodology over the last 15 years, has been to play below the average, as that would mean that more than 50% of the people who buy into that area, would be able to afford to rent from him and buy this property from him later.
No matter how cliché it may sound, Benjamin Franklin aptly captures the essence through the following quote:
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Buy Local. Play Local.
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Property is a local consumption product. Be it the jobs necessary to fuel commercial properties, or the residents who will rent or stay in the residential. Case in point, Singapore’s Sentosa and Malaysia’s KLCC are the worst performing property markets in their respective countries. The main reason why these two are the worst performers, is because the majority of the people who buy or consume the actual product, are not locals. Faizul has an interesting definition of the term “local”. A local player, to him, is not a Malaysian who buys something in Johor. He is just as much a foreigner as anyone else. In stark contrast, a Johorean, who stays and works there, or works in Singapore but commutes everyday, is considered a true-blue local player.
So if you want to go and buy into that area, Faizul’s advice to the general public is to ensure that you buy and play local-local. He cautions against buy anything that the locals there would not want to rent or buy from you.
Let us tie in these 3 tips together using Iskandar Medini properties as a case study. A lot of investors have a lot of money stuck in there. Faizul asserted that Iskandar has a 20 year maturity point. Eventually, Iskandar in Johor,
could potentially be more expensive than KL. So, once you understand maturity point, concept of median, how to play local-local, you are actually pretty safe.
Faizul applies value investing principles. He buys based on value, rather than the price.
#3: JOB CREATION
The key driver of property value is actually job creation. Shun mature areas like Bangsar because they are undervalued aka already fully valued, no more new developmental growth. So if you have a lot of high-value job creation in estates with growth potential, like Bangsar South, naturally, people would be attracted to work there, and they would have to stay somewhere close, thus driving up the demand on the properties nearby.
To drive home the point that one can suss out property hotspots, by looking out for job creation, Faizul touched on the time when he searched for the top 10 most searched property in Business Times. He revealed that 3 of them were in proximity to the Marina Bay Financial area, a bustling financial hub, with great high-value job creation potential, and was capable of initiating a ripple effect in other sectors such as retail and services.
ROAD TO 3 MILLION
What is the worth of your success?
What is the worth of the road to 3 million?
Cue the iconic slogan of L’Oréal Paris, “Because You’re Worth It.” Invest in yourself.
If you have not already jumped on the bandwagon, now more than ever, is the time to do so.
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This time round, in a first-ever exclusive collaboration between Chris Chan (High Net Worth Series Masterclass) and Faizul Ridzuan (Road to 3 Million), PPP Academy brings you the best of both worlds- for RM199 (exclusive of SST).
If you are an amateur property investor, in need of hand-holding, or those aspiring to become a better property investor via a re-look at their current property portfolio to optimise their returns, then look no further.
Better yet, it is not unheard of for advisors and leaders to encounter clients who stand aloof from insurance, but are staunch believers of properties. Worry not, for Chris Chan will teach you the moves to convert skeptical high net worth clients and prospects into true believers.
2 prominent speakers for the price of 1! Enrich yourself with property investment strategies, while leading your high net worth clients and prospects to the sales of your own product offerings.
Now, for the cherry on top… at the price of RM199 (exclusive of SST)… drumroll, please… you get to bring another friend, a ONE-FOR-ONE, all for FREE! So, technically, each of you pays only RM104.41!
Hurry, tickets up for grabs NOW- limited seats available!
So, act now! Do not miss out on the road to 3 million, coming to you on 8th October 2019, before this offer is COMPLETELY snapped up.