Property Investment for the Middle Class
The middle-class may have limited resources when it comes to property investment but there is a way to work around it, said seasoned property investor and blogger Ken Teo.
According to Teo, high-income earners have advantages such as higher purchasing capacity and better connections but property investment is not an activity meant only for the wealthy.
"This could not be further away from the truth. We can remedy the lack of money, information and network by attending quality seminars.
"There are some excellent workshops out there organised by reputable organisations such as The Star.
"As part of the middle class, we should focus on products that support our financial goal.
"As long as you are willing to search for it, there will always be products that are suitable for your investment objectives.
"We buy what we need, not what we want. The game is to focus on what you need and accumulate it" Teo said.
He also advised middle-income earners to practice delayed gratification.
"Set your goals and execute them step by step. You should review your performance from time to time and improve it accordingly" he said.
Teo also said property investors must to take action in order to achieve success.
"We learn from the mistakes that we made. If we are afraid to make mistakes, we will never improve ourselves" he said.
On measuring the success of real estate purchase, Teo said occupancy rate was a good indicator.
"When it comes to property investment, we must indulge in the people factor. Understand what they want and cater to their needs" he said.
Stressing the importance of knowing the right people, Teo suggested that those who wanted to begin investing in properties should actively look out for the right place to be and meet people.
"We believe in the law of attraction. Be sincere and participate in events that are attended by real estate personnel. Talk to them and build the necessary network" he said.
He further advocated the importance of finding a good real estate agent.
"Having a good real estate agent is crucial as they are the ones on the front line, doing everything from A to Z for you" he said.
Teo will further elaborate on this topic in his talk, titled "Real estate investment strategy for the middle class" at the StarProperty.my Forum 2017.
Leveragelab Bhd founder Jeevan Sahadevan will talk about "How does property act as a buffer in your investment portfolio?â€ while AJC Planning Consultants Sdn Bhd director Mahani Mohd Yasin will talk about "Sustainable Planning Increases Township Valuesâ€.
The StarProperty.my Forum 2017 will be held at Elmina Sales Gallery, Shah Alam, from 1pm to 5.30pm on Sept 16.
For more information or to register, visit starproperty.my/forum.