Date & Time: 8pm to 9pm 3/Dec/08
Speaker: Azizi Ali
Speaker talked on property investment & continued with Q&A session (some questions were mailed in advanced & not necessarily on property).
Four factors to consider before buying property investment (not meant for own use):
1) BUY AT DISCOUNT
i) From developer. Ask for discount, group purchase or buy the show house.
ii) From secondary market.Must know the market value. Ask seller for discount or buy cash for more discount. Buy from desperate seller or buy at auction. Don't pay market value? How to know market value?
2)LOCATION
Many people know about it but still making mistake. The mistake is measuring with own eyes. Must measure with other people eyes (thousand of people). Ex. many people like Subang Jaya, USJ, BAngsar, Bandar Utama. Anything with Damansara has extra value. People like especially those areas near to many jobs.
3) STAY ON TOP OF 3 ELEMENTS
i)Physical like location, design, material, size, neighbourhood etc.
ii)Financial elements like loan, interest rate
iii)Legal right/obligation like status freehold or leasehold or Malay reserve, state special rule etc.
Go and take a lot at the place or land to see ex. if any flood throne, dumping site etc. Developer will only say good information. Check 3X like morning, afternoon and night.
4) MUST MAKE MONEY
Make money now or within short time and not later by children. Ex. market value is KRM450 and we buy at KRM350 --> already have profit of KRM100. Don't worry if you miss one property, there are a lot of properties out there.
(gambar ini diambil dari blog Raja Lelong: Pejabat Azizi Ali, True Wealth di Kelana Jaya)
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