hartanah naik turun tak payah beli hartanah ?
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In 2005 when I was buying my first property, people say I'm too young to buy a property. They say Kelana Jaya property prices never goes up. I bought it anyway.
(today, the property price has gone up close to 300%)
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In 2006, ppl say buying studio unit in an abandoned building is stupid and some say the place that I was about to buy is a prostitute's area. I bought it anyway.
(Rented at 15% yields, and today priced at more than 200%)
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In 2007 ppl say the developer that build a studio that Im about to buy was shit, and comes with shitty workmanship. Located next to a building where ppl gosok gigi at swimming pool area. Area is called Masjid India and low class, certainly not worth 500psf. I bought it anyway.
(Today price is 1000psf, yields over 10% )
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In 2008 people say economic crisis coming, and property price will come down. Bought 2 units in the same shitty building.
(Today price is 1000psf, yields over 10% )
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In 2009 there was a global recession and ppl start loosing their jobs. This year property price will surely comes down. I bought 6 properties that year.
(Everything I bought that year commands over 10% yields, and price gained approx 250% )
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in 2010 property price still havent come down. Ppl say it will surely go down next year. I bought another 6 properties that year.
(Flipped 2, and the other 4 rented averagely 12% yields and today has gone up by more than 100%)
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In 2011 gov introduced 70% LTV as property market was too hot. Ppl realize that property prices didnt go down at all and they still continued to buy. I only bought 4 properties that year, all commercials.
Also in 2011, did my first property talk and there was some nasty ppl who commented that I shouldnt be teaching people how to invest because Im not qualified and Im too young.
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In 2012, property market interest was at all time high. Bought only 2 properties valuations were obscene. It was in MK where many ppl its gonna crash due to OVERSUPPLY of units. Bought it anyway. Today the unit I bought becomes my home and I was told price has gone up nearly 50% in just over 2 years.
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This also the year I launched my book. When I ask a few frens to read my book, they have mixed comments, some was positive, some wasnt. One guy even told me he thinks no one will read it. My publisher told me I can considered lucky if I was able to sell 1,000 copies. I sold over 6000 copies in 2012 and the book got into "Best-Seller" list nearly every week for the next 1 year.
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My first official event that I spoke in, my brother-in-law who understand kantonese overherad one racist fella commenting in Cantonese "Why is this Malay boy speaking on stage?". Reason? I dont know. I was the young one and the only non-chinese speaker that day and he probably thought what do I know about investing.
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In 2013, many people talking about a bubble and how its very tough to invest in properties. Bought the most that year with over 10 units that year as I know it will be the last year Im gonna be working so I wanted to max out my loan capacity.
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Launched Sarjana Hartanah that year with the aim to provide most value for money property education and Im proud to share that I've had students accross all races, age, state and even japanese. To date, we had more than 500 students in Sarjana and this upcoming Sarjana Hartanah was fully sold one week prior to the event.
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I quit my job in Sep and my colleagues thought it was risky. But I had enough savings and cashflow then thanks to the properties I bought when everyone tells me not to buy because the bubble/subprime/crash is coming.
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Launched FAR Capital Sdn Bhd, Malaysia's first independent property consulting firm that looks after the buyer's interest. When I shared my idea earlier, I was told no one willing to pay good money just to get advise.
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In 2014, I became a full time entrepreneur. Only bought 1 property that year as I needed to focus on FAR Capital and Havoc.
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And I hear the people say property bubble is coming again. I smiled.
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In 2015, we launched TheMakeOverGuys, a company that specializes renovation and rental for investors. We know that there will be a lot of speculator who bought properties to flip properties in 2011/2012 will be stuck because they dont have the skills to play this game and culdnt flip. These segment clearly needs help and our aim is to provide them the advise and tools required to rent their units to the best tenants possible, at the best possible rental value until its the right time to sell.
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We had a record month in Feb 2015 for FAR Capital. Turns out ppl are willing to pay small money decent money to get the best possible advise to safeguard their portfolio, and to do better than what the average investor could get.
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And I hear people is saying now that the economy and property market will crash. This time, I just smile again.
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There will be people who are forever pessimistic and think being idle is the safe thing to do.
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There will be those whose life purpose seemed to undermine and criticize our dreams and tell you 1000 reasons why you'll fail.
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There will always be racist idiots exist because their dads couldn't afford to buy a condom.
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But if you plan to go somewhere, you cant stop at every dog that barks. Ignore them, and focus on your journey. A lion shouldnt loose sleep over an opinion of a dog.
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Or in the words of the legendary Elon Musk, FUCK THAT, WE ARE GOING TO MAKE IT HAPPEN!