tag:blogger.com,1999:blog-7944902213075756335.post318010121565932412..comments2024-03-29T19:12:08.223+08:00Comments on A Singaporean Stocks Investor (ASSI): Be a real estate owner the easy way (3).AK71http://www.blogger.com/profile/16832145412062954289noreply@blogger.comBlogger31125tag:blogger.com,1999:blog-7944902213075756335.post-51830658590153501092013-05-31T07:56:58.689+08:002013-05-31T07:56:58.689+08:00Hi Matthew,
Oh, I was watching a documentary on C...Hi Matthew,<br /><br />Oh, I was watching a documentary on CNA about properties in Manila. Real estate market there is hot!<br /><br />If we want to make big bucks, we must look all over the place and not restrict ourselves to Singapore, it seems. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-69794060760040953262013-05-31T00:46:26.532+08:002013-05-31T00:46:26.532+08:00Hi AK,
PH = PhillippinesHi AK,<br /><br />PH = PhillippinesAnonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-71604183598648880752013-05-30T13:55:56.872+08:002013-05-30T13:55:56.872+08:00Hi Matthew,
Thanks for sharing this. Useful insig...Hi Matthew,<br /><br />Thanks for sharing this. Useful insight. :)<br /><br />So, the properties that Wendy Kwek sells in her program are already marked up 50% by the seller (i.e. your mentor). Very good profit for a quick flip. :)<br /><br />What are PH properties?AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55863569902045293402013-05-30T12:42:50.995+08:002013-05-30T12:42:50.995+08:00Hi AK,
I have a mentor who invests in properties....Hi AK,<br /><br />I have a mentor who invests in properties. It appears he is a sourcing partner for Wendy Kwek. What he does is to find foreclosed properties in US and buys them at auctions by Fannie Mae or Freddie Mac. The auctions are for HIGH-NETWORTH investors with a minimum starting bid of US$1mil. So what you will get is a list of properties (usually 60-100 properties in a bundle).So afterAnonymoushttps://www.blogger.com/profile/18294704042300607437noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-85556425901630192262013-05-22T13:45:55.905+08:002013-05-22T13:45:55.905+08:00Hi SC,
$60 sounds OK. $280? I need to chew on thi...Hi SC,<br /><br />$60 sounds OK. $280? I need to chew on this. Hahaha... ;p<br /><br />I think I will just read his books first. I found pre-owned copies of "Multiple Streams of Income" for US$ 9.98 each.<br /><br />Thanks for the recommendation. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-54554929259508884372013-05-22T13:36:06.285+08:002013-05-22T13:36:06.285+08:00AK,
Yes, I recall last year the 1 day seminar is ...AK,<br /><br />Yes, I recall last year the 1 day seminar is about $60 for the seminar itself, and about $280 for seminar, cum personalized meal with him, and some Implementation Workshop.<br /><br />It is definitely cheaper than most of the usual seminars out there.<br /> <br />I believe it is definitely value for money.<br /><br />Have you read before his book on Multiple Streams of Income?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-72212319936948490812013-05-21T14:12:18.106+08:002013-05-21T14:12:18.106+08:00Hi Recruit Ong,
I consider 999 years leasehold as...Hi Recruit Ong,<br /><br />I consider 999 years leasehold as almost FH. ;)<br /><br />You are right about RCR. It refers to city-fringe areas. These are areas sandwiched between the CCR (D9, 10, 11, Sentosa and the Central Business District) and OCR.<br /><br />RCR includes Paya Lebar, Potong Pasie, Geylang, Lavender, Toa Payoh, Tiong Bahru and Telok Blangah.<br /><br />I am sure your agent AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-76427228874849018532013-05-21T13:56:18.608+08:002013-05-21T13:56:18.608+08:00hi AK, what do u mean by almost FH ah. RCR is Rest...hi AK, what do u mean by almost FH ah. RCR is Rest of Central Region rite? means where exactly... Enlighten a bit leh. my agent friend says don't buy all the new launch ones, what do u think?Recruit Onghttps://www.blogger.com/profile/04083198539973588054noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-68488790941728047562013-05-21T12:17:14.707+08:002013-05-21T12:17:14.707+08:00Hi Recruit Ong,
Well, it was early last year. So,...Hi Recruit Ong,<br /><br />Well, it was early last year. So, I don't think it counts as a recent purchase. ;p<br /><br />I call it a hut in the sky because it is a studio apartment on level 20+. It is an almost FH RCR project and I got it for about $1,200 psf which I thought was pretty good value for money.<br /><br />Important thing is to look for good value and this is something that is AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-58918928358431518102013-05-21T12:00:42.938+08:002013-05-21T12:00:42.938+08:00wah AK, u bought a property recently ah? i also wa...wah AK, u bought a property recently ah? i also want to buy a property leh, can share share what u bought? so many to choose now, thanx!Recruit Onghttps://www.blogger.com/profile/04083198539973588054noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-88709385881376850292013-05-20T20:16:07.981+08:002013-05-20T20:16:07.981+08:00Hi SC,
A one day seminar, perhaps? Even so, I dou...Hi SC,<br /><br />A one day seminar, perhaps? Even so, I doubt it is going to be $100 or less. ;p<br /><br />Anyway, I have always been comfortable with reading books. So, that is the way for me. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-59413142688650634992013-05-20T19:10:20.413+08:002013-05-20T19:10:20.413+08:00AK,
I don't think Robert Allen conducts cours...AK,<br /><br />I don't think Robert Allen conducts courses here in Singapore, but I may be wrong, more like a seminar on how to generate Multiple Streams of Income, which is another of his best selling books.<br /><br />He is best known as America's No. 1 Millionaire Maker, because he coaches and teaches many millionaires in the US. Heard it is like $10k or $25k personalized coaching overAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-61596415985108599182013-05-20T15:03:00.130+08:002013-05-20T15:03:00.130+08:00Hi Derek,
You are welcome to share your findings ...Hi Derek,<br /><br />You are welcome to share your findings and your thoughts with us here. I am sure I am not the only curious one. ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-57067152459376783942013-05-20T11:01:00.230+08:002013-05-20T11:01:00.230+08:00Thanks AK for the article and the many people who ...Thanks AK for the article and the many people who shared their stories.<br /><br />I'm also on the look out for a property but I have to take care of my own back yard. I have a HDB which I will probably inherit from my parents one day and although I'm single now, plans may change if I get married. I just spoke to a HDB officer on the various scenarios and I have to crystallize my thoughtsTheFinance.sghttps://www.blogger.com/profile/11016651993435034511noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-16370067363213092122013-05-20T09:52:55.279+08:002013-05-20T09:52:55.279+08:00Hi SC,
Hey, thanks for sharing this. I didn't...Hi SC,<br /><br />Hey, thanks for sharing this. I didn't know this.<br /><br />I searched and found some pre-owned hardcover copies going cheap:<a href="http://www.kqzyfj.com/click-3815394-10474578" rel="nofollow">8 Million Used Books.</a><br />"Nothing Down for the 2000s" @ US$8.48 each. :D<br /><br />I will probably get a copy of the book but I don't know about attending the AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-66653667591746737972013-05-20T02:34:02.413+08:002013-05-20T02:34:02.413+08:00Maybe, those interested can attend Robert Allen...Maybe, those interested can attend Robert Allen's seminar when he is here in Singapore soon.<br /><br />I believe he will be talking about Multiple Streams of Income, which includes Real Estate.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-67811508884400280822013-05-20T02:32:35.021+08:002013-05-20T02:32:35.021+08:00AK,
In fact, all the trainers, gurus or teachers ...AK,<br /><br />In fact, all the trainers, gurus or teachers actually learnt the technique from the one real master himself who wrote the original book many years ago, and is still holding the world record on Real Estate book till today. <br /><br />It is by New York Times best selling author, Robert G. Allen.<br /><br />the book is called Nothing Down, and updated about 10 years back Nothing DownAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-86405675457579018042013-05-19T21:57:17.490+08:002013-05-19T21:57:17.490+08:00Hi Jay,
Without more details, it certainly sounds...Hi Jay,<br /><br />Without more details, it certainly sounds very speculative and even risky. I hope this is not the precursor of some impending disaster.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-73074735113867629952013-05-19T21:47:56.865+08:002013-05-19T21:47:56.865+08:00"You can also get rich in properties, even wi..."You can also get rich in properties, even without any starting capital"<br /><br />Hmm, to me that sounds very much like what everybody did in the subprime crisis...Jayhttps://www.blogger.com/profile/10603260010525244134noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-35142659590619576092013-05-19T15:12:18.284+08:002013-05-19T15:12:18.284+08:00Hi ivan,
Thank you so much for taking the time to...Hi ivan,<br /><br />Thank you so much for taking the time to write. Lots for us to think about. :)<br /><br />Sounds like something worth considering if we have the money and the risk appetite. You are right about a leap of faith being necessary.<br /><br />It is not just the course fee, it is also psyching ourselves to trust our co-investors and the people who are arranging the investments in AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-65793861799180526972013-05-19T13:24:23.920+08:002013-05-19T13:24:23.920+08:00Hi AK,
I have invested in profitable properties m...Hi AK,<br /><br />I have invested in profitable properties myself and attended paid courses like these. But I have yet to actually buy any through my property networks (will explain later). I have just signed on with one course and am now preparing to evaluate, purchase at least one such properties in the next couple of months. So if you may (and pardon the lengthy, somewhat random discourse hereivanhttps://www.blogger.com/profile/09936043004266922451noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-79758839447320920602013-05-19T00:05:47.959+08:002013-05-19T00:05:47.959+08:00Hi temperament,
Well, thankfully, the cooling mea...Hi temperament,<br /><br />Well, thankfully, the cooling measures implemented by our government has injected some sanity here. Without these measures, many would be happily buying many more investment properties with LTV of 80%, I don't doubt.<br /><br />How will things turn out? 2015 is probably the year everyone is watching. We can only wait and see.AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-70967955074617424972013-05-18T23:11:26.483+08:002013-05-18T23:11:26.483+08:00Hi AK,
Sound like another America Housing Loan bub...Hi AK,<br />Sound like another America Housing Loan bubbles. Only this time it seems like going to happen in our backyard.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-82391014188087750642013-05-18T21:44:14.691+08:002013-05-18T21:44:14.691+08:00Hi B,
7? Wow! You are definitely born with a silv...Hi B,<br /><br />7? Wow! You are definitely born with a silver spoon! I think you will have a nice inheritance eventually. :)<br /><br />I really don't know if 2015 will see a meaningful correction in real estate prices in Singapore. It could just flat-line and if income levels keep increasing till then, prices might be well supported.<br /><br />It is really hard to tell. So, although I soldAK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-7944902213075756335.post-55818126930474891872013-05-18T21:39:24.256+08:002013-05-18T21:39:24.256+08:00Hi Endrene,
I agree that people who gear up to th...Hi Endrene,<br /><br />I agree that people who gear up to the max at the wrong time are setting themselves up for trouble. What is the wrong time? Ah! That is difficult to answer.<br /><br />Sensibly gearing up could enhance returns but what is sensible gearing? 50% sounds sensible. Of course, in case of a market crash, the capital loss would still be painful but at least we wouldn't have to AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com