6 STEPS TO A PROFITABLE PROPERTY INVESTMENT

According to Chris Gray, property expert and author of The Effortless Empire - Building wealth from property, investing in Real Estate.

6 Steps To A Profitable Property Investment

If you’re thinking of investing in property, these six steps will help you invest in the right property that delivers profits now and in the future.

Real estate is a fantastic vehicle for building and holding wealth – provided you invest in the right types of property, that is.

1. Choose property that’s attractive to tenants.
It should be clean, have good-sized bedrooms, ideally with off-street parking, and good positioning away from noise and main roads.

“You’ve got to buy something that suits the majority of tenants in that particular area,” Gray says. “Features such as these will ensure your property is attractive to renters and will guarantee your income stream.”

2. Choose property that will grow in value.
Sounds like a no-brainer, but it can be easy to mistake a lemon investment for a good value prospect.

"If the property is close to a major CBD, beaches, schools, public transport and leisure facilities, it’s more likely to grow by more than the average in a good market and is more likely to hold its value in a down market," Gray explains.

Keep in mind that if you buy around the median price, then more people can afford to rent it and more people can afford to buy it, if you were put into a forced sale position.

3. Buy blue chip.
“Cheap properties are cheap because they’re not in great demand and there’s plenty to choose from,” he says. “It’s often worth paying market value for a good property in a top suburb than it is to get a discount for something that no one else really wants.”

4. Create instant equity.
Do some quick renovations such as a paint job, re-carpeting, tidying the garden, painting the fence, installing new curtains or blinds and replacing the kitchen-cupboard doors. “For every dollar you spend on renovating you should be aiming to get at least $1-2 back in the value of your property,” Gray says.

5. Refinance your property to create a buffer.
When your property grows in value, refinance to create an emergency cash buffer zone. “You don’t want to find yourself in a forced-sale position, as you won’t get the best price and it may trigger capital gains taxes and other expenses,” he warns. A cash buffer will ensure you can continue to make mortgage repayments even if you lose your job.

6. Re-sign your tenants.
It’s so important that you hire a professional property manager to ensure you get reliable tenants and that they pay a good market rent. “Aim to tie your tenant down to 12 month agreements, to help guarantee your rental income,”

Malaysia Secondary Property Exhibition (MASPEX 2014)

Let’s join us at Malaysia Secondary Property Exhibition (MASPEX 2014) this June! It’s organised by Malaysian Institute of Estate Agents (MIEA) and this secondary property exhibition is a one stop centre to find your dream property. Plus, you can also gain insights on the property market for the year and the impact of GST on the property market, advice from our legal experts and tips on affordable Home ID and Heritage planning. So let’s explore Malaysia Property that tailored to suit your investment needs.

See you there! 

Date: 20 - 22 June 2014
Time: 10:00 am to 9:30 pm
Venue: Penang Times Square, Penang 

Dr.Mahathir Bimbang MB Johor Gagal Nasihati Sultan Dalam Isu Rang Undang-undang lembaga Perumahan dan Hartanah Johor

Bekas perdana menteri Tun Dr Mahathir Mohamad berkata beliau bimbang Menteri Besar Johor Datuk Seri Khaled Nordin gagal menasihati Sultan Johor dalam isu Rang Undang-undang lembaga Perumahan dan Hartanah Johor.

Menurut beliau walaupun pindaan pada rang undang-undang tersebut, Khaled mungkin tunduk kepada adat tradisi negeri Melayu yang menganggap sultan sebagai ketua.

"Ini adat Melayu, jika sultan berkata sesuatu, ia mesti diikut dan saya bimbang bukan dia (MB) yang menasihati Sultan tapi Sultan yang akan nasihat dia," katanya.
 

Mahathir berkata, Sultan Johor tidak seharusnya terlibat dalam pentadbiran eksekutif negeri demi menghormati Perlembagaan Persekutuan.

"Kita tak guna sistem adat tradisional, kita ada sistem raja berpelembagaan. Dulu selepas merdeka kita pilih untuk (ikut) sistem ini. Saya harap agar Perlembagaan dihormati," kata beliau.

Mahathir menjadi perdana menteri selama 22 tahun itu berkata beliau bimbang kerana Johor sebuah negara yang kaya tetapi menjual terlalu banyak tanah kepada rakyat asing.

Beliau bagaimanapun memuji kerajaan negeri Johor kerana sedar dan cuba mengelakkan perkara ini dari berlaku

"Saya dengar banyak tanah di Johor telah dijual kepada rakyat asing. Ini perkara tidak bagus dan ianya tidak dilakukan oleh kerajaan negeri.

"Mereka cuba baiki dan ini tunjukkan bagaimana tegasnya kerajaan negeri. Mereka tahu ini salah," kata beliau.

Rang undang-undang bagi menubuhkan Lembaga Perumahan dan Hartanah Johor (LPHJ) yang bakal memberi kuasa kepada Sultan untuk melantik ahli dan membubarkan lembaga dibahaskan dalam sidang Dewan Undangan Negeri minggu lalu.

Sumber: Malaysiakini