Coming from a humble little town called Tangkak in north Johor state of Malaysia, OngKL has chances to learn and work both in Johor Bahru and Singapore – a conurbation with 6.49 million still fast growing population – since year 1996. He is now having a chance to contribute back to the community by sharing what he sees, what he knows and what he learns in this wonderful place.
Archive for property
Nov
24
properties Investing After Sub Prime Crisis
Posted by: | CommentsSubprime storm created chaos in the U.S. around the world, the impact on businesses, as well as the average person. Reputable banks and brokerages fell drain while people lost their homes and their property. It is now one years, and fortunately, the symptoms are not so depressing.
There is a sense of optimism in the air today partly because governments across the world have been swift and decisive in their responses to this economy meltdown. The unilateral action has brought some calm to the market place and has afforded time for the exchanges/markets to recuperate and recover. In fact we are now looking forward to a robust and significant upturn in the market as history would want us believed.
No doubt, it is still a volatile market out there but it will eventually recover as what happened in the past. The onus is on you, the investor, to sniff out the new opportunities. In this article, we will remind you of the age-old approaches to real estate investment, which still remain relevant today, as you work you way to new riches. These time-tested approaches are universal and you can find application of them in any market condition.
Don’t Be Distracted by the Grapevine There are plentiful hot tips and sensational news coming out from the grapevine about real estate properties. Be very discerning on these newsfeed. Usually these are pure rumors and gossips. What you hear there should not decide how you invest. Always stay focused on your long-term investment plans, never rely on short-term speculation.
Portfolio review our financial targets by market conditions and its business environment outside affected. If you change your financial goals, make sure that these changes will be included in their investment strategies and investment plans. Once the updates have to do it in your investment plan.
Spread Your risk of investing in real estate has its fair share of risks. Intelligent investor should know not to sink all of its assets in a fund or property type. Instead, they spread their funds among the options offered on the market. For example, you can invest the majority of industrial buildings, some in commercial and office space, and some of the residential sites. If there is a balance in your fund, you can check, or REIT Real Estate Investment Trust.
Do your Homework Nothing minimizes the risk of investment as much as knowledge. Always keep yourself up-to-date with the latest development in the real estate market. When you spot an interested property, make sure you have done reasonable research before making your decision. If you need more help, you can always turn to financial advisers to take advantage of their professional knowledge.
Remember real estate investment is a major undertaking that requires reasonable capital base. Always have an investment plan and thread carefully according to your plan; it can pay big dividend when you make all the right moves.
Want to find out more about Manage Singapore Property While Living In Your Country , then visit our site on how to choose the best Singapore Real Estate Condominium Directory for your needs.
Nov
14
How to Know if a Real Estate Investment is Worth Investing?
Posted by: | CommentsSafe High Return Investments Plano
Kicking off the evaluation process is the toughest for us. Question after question kept popping up “Is the property market low enough?”, “Is this property worth considering?”, “Are the numbers the only criteria for investment?” What are we really looking for in real estate investing?? Quick bucks $$ or Regular income…Bottom-line = Money!!!Property Agents have tons of recommendations for YOU! How will you know whether they are good investment for you?There are many factors that need to be considered in evaluating a real estate investment. For example, location, environment/neighborhood, facilities, financing options, rental income, etc. If all above works, it is time calling your agents and set up appointments. Happy Viewings!!!!Actually it is not difficult and it does not need much of your time to know if a real estate investment is worth investing in the first place. All you need is crunching some numbers with your calculator, and Bingo! You can decide whether the property is worth investing.Later in this article, we will show you how these numbers work in your prospective real estate investment by two real life cases in Johor Bahru, Malaysia.Numbering GAMENumbers, numbers and numbers.. How do you get them?You may try calling a few property agents, check with banks on properties valuations and of course there is plenty of information on the Internet. Once you have these numbers you can determine if a real estate investment is worth spending your time for a viewing. “Seeing is Believing.” Check out the property to see the actual condition and the environment, whether it is to your liking once you get your numbers RIGHT! Once you get your numbers, you will see:IncomesOne-time income – selling priceRegular income – rental priceCostsOne-time expenses (startup costs) – down payment, agent’s brokerage, legal fees, stamp duty, furnishing cost, etc.Regular expenses (monthly costs) – monthly loan repayment, monthly maintenance fee, quit rent, property tax, etc.See how they (numbers) work..The basic requirement for a good real estate investment is that the income it generates must be more than its costs.If the selling price of a real estate investment is more than its purchase price and startup costs, this investment generates capital gain. If the rental income of a real estate investment is more than its monthly expenses, this investment generates cash flow. If you are looking for capital gain, the gain or loss depends very much on the real estate market. Hoping to make money from capital gain on real estate is like buying a product and hoping the value of the product will go up with time. On a long term basis, real estate will be appreciating in value because of inflation, but the gain is not guaranteed.On the other hand, a real estate investment that generates cash flow effectively put money into your pocket every month, while your equity in the real estate investment increases over time. This is the real estate investment that we are looking for – an investment worth investing.Too good to be true?With this recession time, you will ask yourself, “Is it the RIGHT time for me to start investing in real estate? Everything is so uncertain NOW.” In Johor Bahru, you can find plenty of real estate investments worth investing at this juncture. We discovered most of these investments that generate substantial cash flow are mainly apartments or condominiums. You can read from our upcoming article to know why apartments or condominiums are better real estate investments in Johor Bahru. Here are two recent real life cases of real estate investments worth investing in Johor Bahru.Case 1: We found a condominium in Larkin area of Johor Bahru in Octorber 2008 selling at $160,000 with existing tenant. Monthly rental income is $1400 while monthly maintenance cost is around $300 (maintenance fee plus sinking fund plus quit rent). If we finance 90% of the purchase price to buy this condominium with interest rate 4.85% with a tenure of 30 years, monthly loan repayment is estimated to be $760. Thus, this condominium is generating a net cash flow of $340 every month, $4080 every year. Total capital outlay for this investment is $24,000 for down payment including other startup costs like legal fee and brokerage. Effectively this investment gives us a yearly cash-on-cash return of 18.5%. In other words, within 6 years we would be able to take back our capital $24,000! The best thing is we still own the condominium. It will keep putting money into our pocket every month. We also have the option to sell it away when the market is good.Case 2: There is a 3-rooms apartment in Tampoi sold at $125,000 in Octorber 2008. Monthly maintenance cost is about $150. If we finance 90% of the purchase price with interest rate 4.85% with a tenure of 30 years, monthly loan repayment is estimated to be $600. Expected rental income for a fully furnished apartment in the area is about $1200. With furnishing cost of $10,000, total capital required for this investment is around $27,000, while total monthly cost is $750. The apartment is expected to generate a net cash flow of $450 every month, $5400 every year. Cash-on-cash return on this investment is 20% which we can expect to take back all the capital within 5 years.Sound interesting right? Of course, so far we are only talking about numbers. A good real estate investment does not rely on purely numbers. You still have to go and have a look at the building structures, study the location and neighborhood, and perform other checks before you make your decision. What we have discussed, however, can save you time and give you more ideas on the potential returns of a real estate investment before you tell your agent which real estate you want to view in the coming weekend.
Read more about real estate investment tips at http://reijb.com
We write regularly about real estate investment. Some of our featured articles include:
“How to estimate the value of a property?”
“Why apartment can be the best real estate investment?”
“How important is location to an investment real estate?”
Safe High Return Investments Dallas
Nov
10
Furnishing And Renovating Your Properties
Posted by: | CommentsSo, bought a house in a poor condition and must take the necessary measures to ensure that the house is well furnished and fully renovated house or to sell before you move into it with the whole family. Now the question is: Since when should I start?
Furbishing and renovating your property is quite a daunting job because you will have to determine the things that have to be repaired. If the property requires to be renovated completely from the inside then you will have to spend a lot of money, time and energy. Usually, development companies and developers are people who buy these kinds of properties.
First, let’s discuss about small renovations, the property is required. With this type of reconstruction, you need a lot of money to buy a quantity of substances or to invest much time. Just incase some internal renovation decoration of the walls or damage, which run from the time the renovation of fixed assets is a difficult task. The only exception is required when these lines or plumbing work again. This kind of work is not easy, and you must try a plumber or electrician for help for this purpose.
This will take a lot of time because the inside of the building will have to be redone. Usually, it will take a lot of time, money and work if you are planning to furnish and renovate the complete inside of the property.
Regardless of the type of restaurant you have in mind, always remember to create your own action plan to ensure that your renovation work can be carried out smoothly and quickly. So, if you plan on making a simple renovation and reconstruction of the complex, make sure that you have a plan that can help you formulate work.
It is always helpful if you take the help of a professional expert who would help you create a proper plan for the furnishing and renovation work. It is also advised that you hire a building company for the job because you will only have to talk to one party about your restoration work. If you hire the different specialists like plumbers, electricians, etc; separately then this may cause communication problems for you.
You can consider taking our help and allow our consultants to help you with your renovation and furnishing job. We will make all the things simple and smooth for you.
Want to find out more about Singapore Real Estate , then visit Property Elites site on how to find Singapore Properties for your needs.
Nov
05
Getting Started In Residential Property Investment
Posted by: | CommentsRecently people are using their residential property to make themselves money. This idea might seem overwhelming to people who have not invested before but really it is actually quiet easy to do. Everyone wants to make money! It is possible that you have learned how to do this before, but if you haven’t this article proved is a quick and simple guide to get you started and will offer some helpful tips along the way.
While it is good to have luck on your side, you need more than luck to make this work. The more information you have when making an investment, they better off you will be. You must research the residential property investment that you are considering. Your money is valuable and you will want to protect yours with a well-thought out strategy.
Once you have finished your research, you are ready for the next part of the process: visiting the properties. The biggest mistake new investors make is falling into the hype of what is being advertised as hot properties, specifically overseas properties. These might be nice for tourists, but this is not the market for property investors.
The prospect of making you first residential property investment can be exciting or it can cause feelings of anxiety or fear. It?s normal to experience both feelings, but don?t let the excitement of the purchase take precedence over your good common in accessing a good investment or let fear or anxiety keep you from getting started.
You need to start by asking yourself these questions: -What do I want to do? -What are my long-term goals? -What do I expect at the end of this? -What are my finances like?
In buying and selling investment real estate each investor has their own strategies and goals. What are yours? Is is income or is capital growth of more importance to you? Or do you want to strike a balance between the two? The best advice for the novice investor is to start by determining and focusing on their investment property strategy goals. Here are four basic options for property investments are:
1.Flipping Property ? in this case the profit is made at the sale. 2.Purchasing Developed Land 3.Income Generating Property such as rental or commercial property 4.Invest in a Property Development Company
After you have figured out a strategy that works with your circumstances and one which will help you achieve your goals, you will need to think about these things: you need to consult with professionals in this field. Consult with a lawyer for legal advice, see a banker to get some pointers in the area of finance, talk to your accountant so you don’t make errors in the area of taxes and you will want to work with a real estate agent so you can find the best investments. Get advice from professionals who are specialists in their area. Watch out for media and false, misleading information. Use only the best sources for your property market information.
Layla Vanderbilt is the content coordinator for a leading property management software review website which connects people with the leading property management tools.
Oct
30
Should Location Influence Your Property Investment Decision?
Posted by: | CommentsSurprising as it mean seem, though “location-location-location” actually is true when buying a home, it may or may not always be factual when purchasing investment real estate.
It makes great sense that a homeowner would be deeply influenced by the location of a property in which to settle and bring up a family over others. However this is not essentially so with rental property investment. In fact, real estate investors usually buy properties in places they might not otherwise want to live themselves.
This difference over this golden rule of real estate between homeowners and investors has a simple description. Whereas, a homeowner has a natural regard for all things that influence the family’s comfort, an investor alternatively doesn’t generally live in the property. So they aren’t intimidated by the location of the property, especially in situations where the owner lives out of state and may not even see the property they purchase.
The most important truth about real estate investing is the bottom line. How does the rental property benefit the owner? Does it offer return on investment cash flow, tax shelter, and appreciation? In other words, will the real estate financier earn money if he or she invests in the property, and how much will be profited?
Of course, that’s not to say that location has no influence on investment choices. As a real estate investor, you must always research on general movement of the area and get an impression for the direction in which it is heading. You obviously would not want to purchase a rental property in the worst part of town (and for that matter, even in the best part of town) unless all hints are that the property will appreciate.
You may additionally have pause to invest in an area where there are excessively low residency levels or rents. It goes without saying that you do not to invest in a property that may, by its very location, remain usually empty or does not have the capacity to demand substantial sufficient rents to make your cash flow requirements.
Jason Myers is a professional writer and he writes mostly about real estate investing news. He’s also interested in real estate investing in the us.