FXCoral

About the start...

Choices: Life is full of choices, people face and make choices since at teenage age, which stream of schooling, which career path, which property to buy, with whom ladies/gentlemen to live the rest of the life with, which country to settle down, when to stop working for others, and where to retired...

Saving: 2010 was my graduation from BSC (Bachelor Science) in finance (UCD of Ireland). Working life 9-5pm was most of the people started since graduation, to sell your time for wages, as rat race life always strike in this society, you can't skip, unless you stay at the corner... Like most of the working adult, I tried to save a portion from my wages

First property: And also my first time to make choice after my saving, which I purchased first property (a second hand at prime area) in my life, corner terrace unit at Malaysia at MYR378500 (About USD115K) at that moment, since the global crisis 2008, the interest rate at record low which facilitate a lot purchases, and that was where I earned my first bail of gold....

A rare channel of property buying options: Everything about value and safety of margin, it was a good bargain for this first property, and the selection I got from auction (it was fewer buying stream in the market), which undervalued, prime location, and it is perpetuities title...

Cashflow: To succeed in property investment, the cashflow is very important, the rent collected must be more than what you are paying your mortgage, to generate positive cashflow, spent the less the possible to maintain liveable condition as well as upfront cash.

Renting is like working for others: Like most of the people in the property, I found tenant by posting ads to some well known property agency to get tenant, and agreement, however, it does not seem easy work like ABC... You need to pay attention (Such as maintenance, chasing payment from bad payer, argument between tenants in the house, handling complaints from neighbours, utilities bill). Sometimes you get call from tenants in the middle of the nights when their internet connection is down (As I am the owner)

Attention > Time > Money: Attention is worth more than time, time is worth more than money. Simple equation: To have more monies you need to have more time, and to have more time, you need more attention on what you are focusing. Renting your unit and do the least maintenance you can, but you are demanded for attention.

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Finance

Future reading