Property as Another Investment Tools

Property Investment being well accepted in all part of the world as a stable investment vehicles. If not for investment we still buy a property at least for our own stay. However property investment is not like putting your money in a cash investment vehicles like Fix Deposit or a Mutual Fund. You need to prepare some money for your Legal Fees and Stamping Fees. The more expensive your property, the more you have to spare on both of it. The beauty of Property Investment is that, you can see, touch and feel and you can use other people money (Banks) to own the property. To make your first millions you dont need to have cash RM1,000,000. RM100,000 can make you RM1,000,000 if you choose the right property with the right location and right timing. You don't have to be expert to invest in property. With a help from a friend or a Real Estate agent like me, you can start planning to own one. What you need to choose is a property with the right location, timing and brand and a clean Credit Control Rating (CCRIS). With a small capital you can start to own a small property. Understand your cash flow and liability before you decide to make a Property Investment. 1- If you just started your career/working/business, keep aside to save some money and avoid taking high debt commitment, such as expensive car. 2- Start taking small debt such as, credit card or personal loan. Remember this is for the banker to see your CCRIS that you are a good pay master. Dont over spent ya..ha..ha..If you dont have any loan commitment, the problem now is the Bank usually will approve to a maxima of 80% loan margin only. I had experienced this with my client before. You can ask your banker if you dont trust me. 3- Be a good pay master, pay your existing loan before the due date. This is to maintain a good payment record from you CCRIS. 4- Live within your means, dont buy thing because you want to show off. Syukur with whatever you have in life. - hartanahmalaya