Property News & Market Trends

Property Investment Made Simple - Part 2

Happy Lunar New Year!

I know, I owe you a detailed explanation of the tips I gave in Part 1. Let's refresh our memory a bit. I mentioned that I'm open to any interesting deals that you may have but I can't be "there" with you to analyse the property. You must fill me in as much as you can. The more details I have, the higher chances of hitting the nail. So, if you do have a 'feel' for such properties, you may send them in and I'll see what I can come up with.

Again, "little or No Money Down(nMd)" is only applicable for property investment. If you're putting 1% for option to sell to another buyer without really owning the property, that's "option trading or flipping". That's not investing, that's speculating. We're not covering that here. If there is a demand to learn that "skill", I may do up some articles when the market hots up again. As of now, we're on investment, not speculation.

Ok, let's get back to the tips.

Tip#1 - Never compete with a potential buyer of market value. Walk away. The idea is to find a property where nobody wants. No buts... if nobody wants it, why should you?

Let's get real. If a property is in demand or has other offers, why would the seller even consider you? Nope. Don't even think there is a possibility. Just walk away. You don't have time for that. Look for a better opportunity.

If you discover a property with no offers though some buyers had viewed it, pay more attention to it. Always ask to be the last viewer. Tell the agent that if there are any offers made, you wouldn't be interested. Remember, you must work with the agent. Don't suggest to him about your nMd idea. No agents will embrace that idea, simply because no agents had come across a successful nMd deal. They will think you're crazy.

Your chances of success depend largely on finding the right property. Without the right property, there is no deal. So, spending 70% of your effort to decide on the right property is the most important. But does that mean, any property that nobody wants? Now, that's a tough one. How are you going to sell it if nobody wants it? Isn't that a risk?

You're right. It's a risk. Buying any property is a risk. Just make sure it's calculated.

Selecting the right property hinges on these factors:
a)  The price is "Not" market price.
b)  The location must be easily assessible, not on a remote island.
c)  The property must be in "reconditional" condition unless you're a developer.
d)  There must be a priority value in the property that can't be realised by the current owner.
e)  There should be an angle that you can "see" in marketing sense.

Remember, when I say nobody wants it, it doesn't mean there is no demand for it. Just that, nobody is keen. Many buy properties to stay or lease. Not to recondition or re-package to sell.

If you're a nMd property investor, you should be able to see the demand with a new angle. If you can't, think twice before you make the move. You may not be ready yet.  Next week, we'll cover another tip. Meanwhile, may your holidays be filled with joy, happiness and prosperity. Cheers!

Bingo! U got a Match!

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