I Got 99 Problems! But Selling A Home Ain’t One!

REALTORS FOR CHARITY! DO YOUR BIT!

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Today I am going on a little rant… so buckle up :)

Selling a house is a challenging endeavor. Even the most seasoned of real estate agents do not take every home sale easily, and always a challenge. Because that’s what it is. And for homeowners even, selling a home is but a big challenge as well – and it does not even matter whether you’re doing it on your own or with an agent.

Information week: sponsored by ALVERTAS

Information week: sponsored by ALVERTAS

Home selling is challenging.

But as with any challenge, the biggest way to combat it is to prepare. Here are some of the most common home selling problems and tips on how to counter them:

  • Low home value. No homeowner would want to sell his house for a minimum, especially if it’s a grand unit over at Ken Bangsar. But sometimes, even the best of estimates give a value that falls short of expectation. If the fair market value of your home is too low, you can try doing some home improvements that will raise the price tag of your home for a minimal cost. Repainting the homes or adding some light fixtures and maybe adding a cabinet or two will create a brand new look and a brand new value for your home. Consult a home designer.
  • Bad market. This is one of the biggest, most frustrating problems that sellers encounter when selling homes. It is frustrating because you can’t do practically anything about it. It’s the market – it’s like a storm. You see it coming but you can’t do anything to stop it and the only thing you can do is stay away and stay safe. That’s what you should do too in a bad real estate market. If your home selling is not urgent, postpone it by all means and wait ‘til the skies clear up again for home sellers.
  • Bad or uncooperative agent. Agents are supposed to go out there and find the right buyer for you. But sometimes, they can cost you a sale. If your agent is not much of help to you, or your relationship with your agent is not getting better, then maybe it’s time to sack the agent. ‘Break up’ with your agent nicely and professionally, and hire another one or do the selling yourself.
  • Tight competition. Someone somewhere is trying to sell his house to the exact same type of buyer as you. This is typical when it comes to investing on real estate– tight competition. His house is as big as yours, as old as yours, and practically a clone of yours. There is no telling which house is better and its very existence is a threat to your own house’s marketability. What do you do? Compete. Compete in packaging, create something that makes your property better than theirs. Market aggressively and don’t leave everything to your agent.
  • Fickle buyers. They are buyers who are interested today and disinterested tomorrow. And just when you’re ready to move on, they come back the next day to take the house again. There are those, too, that would try to bargain their way to rock bottom levels. That’s common. And the only way to get past them is to never let anything get official until everything is signed, sealed and delivered. In these cases, verbal contracts hardly win so be on the safe side.

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Fancy Becoming A Property Agent? Not As Easy As It Seems, Buddy

Becoming a real estate broker is like the upgrade of being a real estate agent. For one, you have the managerial power over agents. You can have agents under your wing and earn from several sales closing at a time – not just once in a big close. Secondly, and as a result of having power over other agents, you are entitled to every sales commission from agents under your brokerage firm. Oh, did I mention that if you make a sale yourself you don’t have to split the commission? Yes, the perks.

But of course you’d have to take responsibility over them. Them, and the responsibility to make every real estate investments‘ sale smooth, problem-free and complete down to the nitty-gritty!

Interested? Here are the steps of becoming a real estate broker:

Way up

  1. Licensure Exam – becoming a real estate broker starts with becoming an agent. And an agent has to go through some short courses on real estate plus take a written, state-conferred licensure exam. But because brokerage is an upgrade of being an agent, an aspirant must take a different type of exam. The exam mostly tests your knowledge on real estate as well as on your knowledge on relative taxation and state laws.
  2. Education and Training – while your education can take you past the exam, there’s nothing like proper training and hands-on exercise to make you the best broker around town. In most states, the educational requirement for brokerage is only a high school diploma and the necessary short course on agency and brokerage. Others go as far as taking courses especially in business to hone themselves in the marketing and management area. In most states, also, a 60-90 hour on-the-job-training as prerequisite for license.
PHOTO SOURCE: RockMan Trust 2014

PHOTO SOURCE: RockMan Trust 2014

  1. Experience – a lot of brokers today will agree that there’s no better way to become the best broker other than starting with a few years of experience as an agent. In Malaysia, experience is relatively important– it doesn’t really matter which school you came from, but if your experience includes selling around 15 Seni (Mont Kiara) units a year– then that is good. Because the primary role of the broker is to oversee the sales of other agents, firsthand knowledge about what goes in and out of a real estate sales transaction is a very big help. It would be easier to put oneself in the shoes of the agent, especially when problems arise.
  2. Right attitude - no amount of training, examinations, and education could come close to the right attitude as the winning formula in any career. Being a broker, you are pretty much an agent yourself so you should never leave home with your “never say die” attitude in sales. But, just as much as you are a go-getter, trying to close all your sales, you are a leader – leading your pack of agents and guiding them through and through. Remember, the success of an agent is the success of the broker and the firm too so you better treat them well.

Being a broker takes a little bit more practice, patience, and sacrifice than being an agent. It has more responsibilities too, so make sure you know what you’re getting into. After all, you know the rewards that are waiting for you. Good luck!

REALTORS FOR CHARITY!

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I Believe I’m Gonna Dust My Broom

First, here’s a relevant song -

Let’s make things beautiful. Who doesn’t want a classy-looking home? Most interior designers agree: Your flooring choice says a lot about your home. It can even turn a rather simple home around and give it all the “kick” that it needs. However, because of the price that these flooring choices come in, how do you pick the right one that suits both your taste, your budget, and what your home actually needs? How do you find the type of flooring that won’t be too much of a burden for your mortgage fees while adding up to your home market value and increase your equity? :)

It’s actually more challenging than it seems to achieve the type of flooring that can fit in the budget, interiors and needs of your home. So here are some common types of flooring options plus each of their characteristics and strong points and the prices they come in.

Common Types of Flooring

Carpets – but with of course you cannot go wrong with a carpeted floor if you are looking to get cozy, elegant, warm and soft look to your homes. With the right type of carpet, you can always easily give your room a hotel-room finish. The downside to carpets is that it is difficult to maintain and clean and you can’t possibly cover your entire home with it! It needs steam cleaning, constant vacuuming, and cannot really handle heavy traffic. Neither is it pet-proof. It stains easily and when it does, it is nearly impossible to clean.

At the recent Eastern Bank event. It was a blast!

At the recent Eastern Bank event. It was a blast!

Hardwood – hardwood floors are the pinnacle of expensive and high-quality. Of course, aesthetics matter if you are to invest in real estate (read this previous post – you won’t go wrong!), so make sure you don’t go cheap if you have the money. If you have one, your house is a sure standout. It gives it a rustic, rich look that gives your home an attitude, and with it, you don’t need too grand an interior décor. You can go for an old Cajun look a la pre-revolutionary Louisiana with white walls and rounded doorways or go for a vineyard look like the ones they have in Italy. However, hardwood floors are noisy and expensive to install. They are very sensitive to water as well – the slightest amount can stain it forever. They need to be regularly maintained with polish and staining. :)

Vinyl – they are slightly cheaper flooring options and can give you the hardwood look sans the cost of it. They only need some floor glue that with a little practice and some hard work, you can even do it yourself. However, vinyl, like hardwood, is too sensitive to water. Vinyl’s coating can still be ripped off after a while. It can also accumulate dirt and dust after some time that even the toughest vacuuming can never fix.

Tiles – there are different types of tiles around: ceramic, mosaic, glass, and even wood tiles. Each one has a different maintenance need and price. But in general, tiles are easy to clean – a little mopping once in a while, some vacuuming, and best of all, they don’t stain. However, installing is a bit difficult and might be expensive, plus the tile grout (the substance that sticks them together) yellows with time. Heating is a bit expensive too since tiles are very hard to heat. Go here to read about this condo that incorporated luxury with culture through flooring.

From all of us here at Realtors Giving Back– remember to make things BEAUTIFUL! It’s always worth the investment. Good luck :D

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The Horror… The Horror…

We’ve received a lot of  submissions since we’ve ran Ms Josephine Cheok Yan Yee’s article here on our blog. We’re liking your submissions so far, so we’ve decided to post one more– this time coming from Sabrina Aminuddin, a property investment consultant now based in Richmond, Virginia in the United States. Before leaving her hometown Selangor, she became involved in a lot of  projects and assisted a handful of homeowner associations from KLCC Park Seven and Idaman Residences. For this post she’s going to give us tips on how to avoid repossession before it happens– read to learn more.

Repossession (n.) – the most dreaded scenario of any homeowner on mortgage loan; when your money lender takes your home back for resale and drives you out of your home because you failed to pay your mortgage for a given period of time; something you would not want to happen to your own home.

Repossession or foreclosure of homes has got to be the scariest thing any homeowner would have to face in his lifetime. It is a problem that has been encountered by the millions around the world, specifically in the North Americas and in Asia. The Malaysian real estate industry is developing at most, however, there’s always that risk of foreclosure because you just never know when the economy will change. At the height of the global financial crisis, a lot of Americans lost their homes to repossession because they have failed to pay their monthly dues to their mortgage lender. You’re lucky if you have a parent or family to come home to should you be driven out of your home.

If not, you would get very close to your ‘Pursuit of Happyness’ moment and none of it would be nice. Either way, having to deal with the emotional and social repercussions of such an event is unimaginable.

The good thing is, you do not lose your home without a warning. Unless you let it get out of hand, you would not wake up to lending officers knocking on your doors and forcibly driving you out of the house. I think, that would make a good scene in a Mexican telenovela, but not in real life.

Sidenote: I have personally dealt with a client who had lost a nice KLCC condo unit at Residensi Kia Peng – it took me about two hours to console him and for him to stop crying. Not a pretty sight! :)

How to Avoid Repossession

The first thing that you have to keep in mind when you get a mortgage is your monthly due. Whether you have a fixed rate mortgage or an adjustable rate mortgage, you will always have a good idea on how much you would have to pay per month. And depending on what your contract states, you have a due date and a lien time that goes along with it. Lien time is that allowable number of days or weeks past your due date to pay for your mortgage.

Other lenders allow you to miss a month or two of mortgage, while others will send you a default notice to make your payment within a given set of days.

House to be auctioned

Some good resources on foreclosures can be found here.

If you only are worried about a delayed payment, you should not have to worry much about home foreclosure. But if you lost your job or your business closed down, or for whatever reason you can foresee that you will not be able to pay for your mortgage for a longer period of time, then you must act quickly – as soon as you get your notice would be best.

With a copy of your contract in hand, head on over to your mortgage lender and explain your situation to them. Contracts almost always have a clause called “hardship variation”. This gives you a variety of options on how to fix your financial problem including downgrading your monthly fee and extending the length of your contract.

You may also try seeking government help. Governments understand how difficult repossession can be and there are several departments that are willing to offer advice and aid for these types of difficulties. Common options include getting a loan from the government or a government lending department would assume the loan from your current lender. Seek help from property consultants and real estate agents—there are a lot of credible real estate agents from Malaysia who are more than equipped to help you lessen risks. More often than not, a government backed lending institution offers cheaper mortgage loans than private ones so use that to your advantage.

Act on the first warning signs of foreclosure. Delaying your actions would only lead to you losing your home.

Email Sabrina at sabrina.aminuddin@hargreavesassociatesltd.com

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The Landlord Diaries – Story Of How A Realtor Gave Back

Josephine Cheok Yan Yee (josephinecheokyanyee@outlook.com), a realtor based in Subang Jaya specializing properties in Petaling Jaya and Ampang has emailed us this delightful piece on how to be a good landlord. She has emailed us this article as a response to our previous blog post on Malaysia real estate investment. If you would like to contribute articles to this blog, then please email submissions@realtorsgivingback.org – thank you :)

Josephine here, and I am a real estate negotiator in Malaysia, specializing in the Klang Valley. I’ve seen and known countless young people who tried to make a good use of their real estate investment. As single people, they put their money into getting their own houses and open up the spare rooms for rent to help with their mortgage bills. I think this is a very savvy investment, and most Malaysians would agree with me, I think.

Sponsor: Tiger Home Inspection

Sponsor: Tiger Home Inspection

Stonor Park picture

If you have a tenant at Stonor Park then you won’t have problems getting his rent every month!

But, sadly, I’ve seen some of them fail at becoming effective landlords (and ladies). I’m not sure if it was just pure unfortunate coincidence to have bad tenants in a row or they were just awful as landlords.

So from all the gurus of room-rentals, and from my own experience moving from one landlord to another, here’s a list of some helpful tips on how to become an A-grade landlord:

  1. Screen your tenants wisely. Have them get ID’s and police clearances or any certificate they do not have or at least have had run-ins with the law. The last thing you need is to be living with a convicted felon! It would also be helpful if you do a background check of people who are looking to rent your room/s.
  2. Like is to like. This is especially true for females – avoid having your rooms rented by males. And vice versa. Other than, apparently, for security purposes, a landlord-tenant romance will screw your finances. Unless, your lover-tenant still is willing to pay for her room (or you get into a serious relationship and rent out the other room to someone else).
  3. Have a contract. Have your tenants sign a contract that tells them what they can and can’t do during the tenure of their stay at your place. This protects both parties from unfair policies, and more importantly, it protects you from income losses if they decide to move out mid-contract. This is a totally different story if you’re renting out underground (or without necessary papers and permits to avoid capital gains tax and other taxes).
  4. Lay down your policies neatly and squarely. You have to be clear (literally, like post it on the wall or something) on your policies especially on rental due, bills payment, bringing of extra electronics that could increase the electric bill, getting visitors, living together with partners, holding parties, bringing cars, etc. It would be good to have these things stipulated in the contract or agreed on right at the very beginning. Also, be very clear about sanctions.
  5. Increase security measures. There are many ways to secure your home. One would be to keep a separate lock to your own room. Another is to change your locks if one renter decides to leave. You can also invest on security cameras if you have the extra money. Here is a PDF document courtesy of the Australian government on increasing home security – give it a read. (Right click to download.)
  6. Renters are not friends. It’s okay to be friendly and civil and generally nice to your tenants but you have to know where the boundaries lie. You never want to be subjected to ‘friendly abuse’ to the point of giving out your room for free for the sake of friendship.

Always remember, an effective landlord is one who can maintain friendship with their tenants but still get the cheques at the end of the month. If you want to rent out your place, email me and I will source the best tenants for you. I can be contacted at 012-3627777 (Josephine Cheok, or Josie to my friends). Currently in my portfolio – a very nice Mont Kiara unit at MK10 (built by Sunrise Berhad so you can be assured of its quality!), a bungalow at Bukit Tunku, a very nice Taman Ambar property in Dengkil and some townhouses in Sri Hartamas.

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The Simplicity Principle – Albert Einstein (And How That Relates To Real Estate)

Everything should be made as simple as possible, but not simpler. -Albert Einstein

Dabbling in real estate takes a lot of skill, knowledge, risk, patience, and a little bit of luck. Though learning its concepts and theories may take some time, there are a lot of ways you can invest in real estate in a simple manner. Buying and selling property, many believe, can be more complicated than dealing in bonds and stocks, but there are simple ways you can start with if you want to get into the real estate business.

Luckily in Kuala Lumpur, real estate is a continuing force that reaps a lot of opportunities and benefits (here’s a previous article I wrote which discussed Malaysian properties in detail). This is why I’ve been in the industry for a long time. Today I share with you tips on how to make investing in real estate easier and simpler.

Investment Groups

One simple way to invest in properties which you can set up for rentals would be to seek the services of real estate investment groups. What will happen is that you can still own and rent out your property without experiencing the pressures of being a landlord. A real estate investment group will buy property and will let you invest on it, either on single property or multiple properties. These groups will also be the ones responsible for the screening of potential tenants, maintenance, dues, and handling. Though investment groups will get a small percentage of the monthly rent payments, this is a great way for you to invest on rental property the easy and simple way, sans the typical landlord versus tenant problems.

At one of our recent investor group events, organized by the Kuala Lumpur New York Realtor Alliances

At one of our recent investor group events, organized by the Kuala Lumpur New York Realtor Alliances

When investing in real estate though a real estate investment group, the lease will be under your name should you decide to invest on a property.

Another plus about investing through a real estate investment group is that you will be assured that money will still continue to flow even if your rental property is vacant. It takes a detailed research in order to find out if the investment group is credible enough to put your money on, so take the time to do your homework—your money depends on it.

Homes or Condos for Rent

The most common way of starting out in a real estate venture is by buying property and renting it out for tenants. Thus—your typical landlord-tenant relationship. You buy the property, you pay the mortgage, you are responsible for the property’s maintenance and upkeep, and you also shoulder other costs and taxes. The tenant’s responsibilities include paying monthly rent, as well as to maintain the property to favourable conditions.

In Malaysia, a lot of condominiums are on the rise, particularly in the Mont Kiara and KLCC districts. KLCC condos are always in demand, so why not try to venture out and seek out investment opportunities? If you’re still in doubt, here are four things that you should know before buying property in Malaysia.

The attraction towards investing in rental property and renting them can be attributed to its simplicity—though sometimes there are a little setbacks that you may encounter as a landlord—tenants who wouldn’t cooperate, tenants who destroy your property—lessening your property’s value, delinquent-paying tenants, or worse—no tenants at all. Also, you have to be prepared to become the go-to-guy each time your property needs a few repairs.

Congratulations Michael, Holia, James, Stephanie, David and Kong Chen!

Congratulations Michael, Holia, James, Stephanie, David and Kong Chen!

Real Estate: Always Win-Win

Investing in real estate will always be a win-win situation. It doesn’t matter if you do it simply—just as long as it works for everyone, you can always say that you’re doing okay. Good luck and happy hunting :)

PS: If you still want to contribute to the RealtorsGivingBack.org fund, leave us a comment below and we’ll get back to you ASAP. Email: contributions@realtorgivingback.org

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Reader Q&A: Malaysia Property Watchouts

Every once in a while, I get emails from my readers asking me questions on what to expect when you’re buying your first-ever property. Now, we all know that investing in real estate has its pros and cons, and the risks are also present—but the end results from buying property will definitely let you reap in success. It all depends on how you take it, and how much knowledge you gather before handling and managing real estate.

Knowledge is indeed power—it takes a great deal of skill and study to conquer the world of real estate. If you are on the verge of buying your first ever property, tips of the trade will definitely take you places. Here are the 4 important things that you should know before you acquire your first property.

One: Contrast and Compare.

Researching for competitor’s prices will always do you good. Investors should always study the local competitor’s prices to have a quick idea on what a property’s value would be. Check the average of the prices between the houses or property for sale on your target location. Price trends fluctuate dramatically over periods of time, so make sure that your information is updated so that you will not be left behind.

Two: Real Estate Agents and Realtors are Your Friends.

Do not see them as enemies—in fact, these two are your best source of information throughout the entire duration of you acquiring property. Most realtors and real estate agents have access to databases that will let you gain an upper hand among other investors, so make sure that you ask a real estate agent all the necessary information that you need in order to succeed.

Three: Look for Growth.

A location’s growth potential is a key factor in attracting potential buyers or renters of your target property. Think long-term—is the location suitable for development? Are there schools and hospitals that are currently under construction? Is it located near shopping malls and boutiques, like in Kenanga Apartments, Stonor Park or Southville City? Are the roads paved or in the process of reconstruction? All these are great signs that the location you’re eying on has a good growth potential, making your target property very marketable at present.

Four: Education and Success

Most real estate agents know that any location that is situated near an established school or university would yield more success—an educational establishment is always looked-for by parents with growing children. Families would consider renting or buying your property if it is located near a top-ranked school or university, so make sure that you keep your eye out on any recent developments that are within close range to an educational establishment.

Closing Thoughts..

Buying your first-ever property can be nerve-wracking, because there are a lot of factors to consider and a lot of choices to make. Never pass up an opportunity to learn more about real estate and give back. However, with proper timing, good research, a vast knowledge of the real estate industry, and a little help from luck—you’re bound to make it big in the real estate world. Til next time!

 

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Tips on Searching for a Malaysia Property (Contributed by Jason Lee)

Today’s article is contributed by Jason Lee, a real estate negotiator specializing in properties in the Bangsar and Bukit Tunku area. Jason has been involved in charity organizations since 2010.

If you want to find a good place for sale, it goes without saying that you want to make the perfect choice in the end. Searching for a Malaysia property can be quite daunting, though, most of all if you are a beginner who doesn’t have any knowledge on how to buy a property to begin with.

At one of our "giving back" events. Please volunteer your help!

At one of our “giving back” events. Please volunteer your help!

The first thing you should know is that buying a house requires you to go through a certain process. In other words, you can’t just decide to buy a house and then do so without taking several factors into consideration first. Here are some helpful tips that you might want to consider while you’re on your search:

Tip #1: Set a Budget.

Regardless of what the size of the property is like, you will always have to set a budget first. While doing this, make sure you think about your monthly income and talk to your mortgage lender about any requirements that you might need. This will give you a ballpark figure of what you can actually afford in terms of Malaysia property in the end.  Here’s a good article on Money magazine about budgeting for a home.

Tip #2: Figure Out What You Need.

Before making a decision, you will have to take several factors into consideration, such as the kind of lifestyle that you have and the amount of people that will be living there. Figure out how many rooms you will need, for example, and find out if there are any special features to the property that you are looking at, like a garden, a garage or a swimming pool.

Tip #3: Check the Property Out in Person.

Another important thing that you will have to do prior to buying a property is actually visiting the house and checking it out yourself. There is no other way for you to make the perfect decision about the house otherwise – remember that. Also, if you’re a member of a real estate investor club then get someone from the club to accompany you and give you a second opinion.

Tip #4: Choose a Good Location.

One great tip that you will need to consideration before making your final decision is the convenience of the property’s location. After all, a property’s location can easily provide extra advantages to its owners if it happens to be located in a convenient and accessible place in Malaysia. Ideally, you should look for a home situation near business centers, hospitals, shopping malls, and schools. Places like Bangsar and Mont Kiara are deemed to be “good locations” precisely because of these factors.

Tip #5: Find a Good Agent.

In a nutshell, real estate agents refer to experts who can help you on your search for a Malaysia property. Aside from that, these people are both skilled and knowledgeable enough to point you in the right direction in terms of your wants and needs, and will merely ask for a commission for the property that they find for you. Contact me if you need help – jasonleerealtor1@hotmail.my

Tip #6: Check Online.

Without a doubt, it can be quite tiring to search for a property day in and day out. If you agree, then you might want to look at your online options for a change. Looking for a property online happens to be an easy and fast way to address your concerns. The best part is that there are various websites where you can find different Malaysia properties for sale at very affordable prices – you can find these at property portals such as MetroSherpa.com. My favorite site is the PropertyReviews.my website – it’s a database of Malaysia properties (pretty much in Kuala Lumpur and Petaling Jaya) containing reviews and stories which are pretty interesting. Check it out today!

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Corporate Social Responsibility – Joining Real Estate Investor Clubs For Charity (Are They Worth It?)

Don’t dodge your responsibility to the society – Realtor Legend Ronald Jeremy Wang

If you are interested in real estate investments in Malaysia, then you have probably already heard of real estate investor clubs by now which can be found in Kuala Lumpur. If you are lucky, you might even have some of them near you. A lot of the time, these clubs have membership fees for people who want to join, while others are completely free of charge.

A nice condo near KLCC. Real estate investor clubs are awesome - assuming that you know what you're doing!

A nice condo near KLCC. Real estate investor clubs are awesome – assuming that you know what you’re doing!

Now, the number one question on your mind right now is probably: are these clubs worth it in the long run? Should you try joining one yourself? Read on to find out the benefits that you can get from joining one of these clubs today, and how it can affect your corporate social responsibility projects and your investments in Malaysia property in general. This is in lieu of the fact that Malaysia remains a top real estate investment destination according to Yahoo.

  • Networking

The majority of real estate investors out there choose to work alone, so they hardly get the chance to talk to other investors. If this sounds anything like you, then you will be happy to hear that joining a club like this can help you meet people with the same interests, goals and dreams as you. This is especially true when you network with other Malaysian property investors.

Aside from that, you can also learn more about what works and doesn’t work in the market, which contractors are the best ones, and which title companies you might want to work with in the future. In other words, you will be able to build up your knowledge on real estate as time goes by and build a good contact list full of experts (who know their stuff when it comes to Malaysian real estate sector) that might be able to help you out with your business at the same time. Some of these groups can be found at LinkedIn (see this example).

  • Finding Great Deals

If you ever need to buy a house, a real estate investor club can help you find investors who are selling houses with ease. This would be especially helpful if you want to find wholesale deals, rental houses or just great bargains, in general. You should also be getting up-to-date information on real estate on a local (Malaysian) level. Seminars from Ho Chin Soon are highly recommended.

  • Selling Houses

The majority of real estate investors out there want to find houses that they can buy. So, if you ever want to sell a house, say in Bangsar, you shouldn’t have any trouble finding people in these clubs that you can sell it to if you already are in a real estate club consisting of high net worth Malaysians. The good news is that many Malaysian investors (particularly in the Klang Valley or in the KLCC area) already have an available source of money on-hand, so you can get a buyer with ease and get them to pay you quickly, too. Fancy a Mont Kiara condo? Not a problem!

  • Finding Cash

The majority of meetings on real estate investing get their funds from sponsors who, in turn, provide real estate investors with certain services, like lenders who can lend investors a certain sum of money whenever they are in need. Here, banks like Maybank and CIMB would be useful to help you in your real estate financing needs.

  • Learning

The majority of these clubs are created to be helpful to real estate investors, though. Because of this, there will usually be a speaker present who will be in charge of talking about a certain topic. This topic will usually differ from one speaker to the next and will depend on which field they specialize in, as well.

Some speakers might try to sell their products during their talk and this might sound completely useless to you at first. However, if you focus on their overall message instead of on their sales pitch, then you could end up with valuable lessons that you can use in your own business. Be aware that some are just out to get your money!

REALTORS FOR CHARITY!

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