Monday, October 12, 2009

You Can Become Rich in Property


1. I have to say that I'm not really impressed with the content of this book.

2. Most of the points elaborated in this book barely touches on its surface only. There are not exactly any of his detailed method mentioned in this book. I was expecting some techniques that I could use for certain purposes such as scouting for a property effectively etc.

3. I think lots of his writing in this book oversimplified things in perspective. It makes the readers think that property investment is really a simple stuff. Even the examples are too simple.

4. Nonetheless, there are still something to learn from this book. In the book, he mentioned about flipping strategy which is a new term to me. At least now I know the general idea of flipping strategy.

5. In this book, he stated the fact that its hard to finance a leasehold property with tenure less than 30 years. Maybe any of you who has properties approaching the 30 years benchmark would want to consider selling the property.

6. The interesting part of this book is that he actually analyzed the property market cycle. He even tabulated the previous years of bull and bear run in property market cycle. He then predicted when will be the next bull and bear run. This is probably the best info in this book.

7. His preferred term used in this book is "in the direction of growth of a town" when choosing property location. He has probably came up with a term that most of property investors are subconsciously doing. This criteria can certainly be included when evaluating a property in the future.

8. The plus point of this book is that you will get two free tickets worth RM 400 to his property seminar with the purchase of this book. The book is only priced at RM 36.90. I do think that for a RM 400 worth of property seminar, it should be a full day event. This free ticket is only for a 2 hours seminar. Nevertheless, it's still a good bargain, you buy a book and get a seminar for free. I'm sure there will be something to learn from the seminar as well.

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