In this episode, we have came across one question that is not directly related to real estate but I'll try my best.  

This question has more correlation to family dynamic. So my suggestion would be to first get a job outside to test his own 'worth' in terms of salary. Then to have an open conversation with his parents about his growth. Based on experience, sometimes distance forms stronger bond with the family.

In this episode, the audience asked a follow up question about bulk purchases. As he is concerned that normal people who walks into sales galleries are paying the highest price for a project.   

First of all, I've explained quite extensively about bulk purchase. Also, I've indicated that it's still sensible to buy from developer as not all of them will work with bulk purchasing groups.   

As a capitalist, my goal is to look for the best price for that one project that I wish to invest. However, that takes experience. It's just very unfortunate that the market is inconsistent and not transparent.

Whatever you want to call, basically it's a scheme that leverage on the arbitrage between bank's valuation versus the price offered by the seller of the property. However, using zero money to own the property does not mean you don't need money. You'll still need to qualify for the loan, and pay up certain initial amount for the deal to start rolling.  

Even since I started my investment journey 12 years, this has been a shady practice among property investors where we tried leveraging more on the bank loan facilities by engineering the SPA price.   

Then this 'innovation' came about only around 7-8 years ago when developers adopted this marketing strategy to target first time home buyers. These group of buyer had high credibility, just that they had no capital to start property investing.   

The ultimate objective for such arrangements is to use as little money as possible to own a particular property so I get to use my cash to place it in other different places.

In this episode we will discuss about this new purchase of this audience. He's debating between MRTA vs MLTA, then the renovation fees and etc.  But my key takeaway would be the attractiveness of the price for living in the northern part of Malaysia. Also, there are owners who are willing to sell below market price. This mail just verified that further.

Website to Tune Protect website : https://www.tuneprotect.com/ Speaking from personal experience, I only understood how much I was paying for my home insurance when I was trying to switch over to Tune Protect. This happened because it was mandatory and the amount was 'assumed' to be negligible.   

Getting in a friend who developed a new product to change the industry, Steven is an expert that helped debunk some of the myths.   Enjoy the podcast=)

In this episode, we will address a young audience regarding his mom's low cost apartment unit. He was asking whether could he take it up and refinance it so he could invest the money in other asset classes.   

Well, it's not that sensible to do so as the amount is slightly too low. Also, the unit has been empty for 25 years. Therefore I made several suggestions in accordance to his situation.

Besides property, I also spend time studying watches. I've always been interested in them since my architectural studies where I see lots of architects wear great time pieces.  

You'll only learn how to appreciate watches when you understand the context of their creation. The ability to tell time was seen as a luxury and a super power. Until today, these mechanical complications are still perceived as works of art.  

In terms of investment, watches are pretty similar with any other investment types where you'll need know which brand and which model will be popular and it's appreciate in value. But I do not see this as an investment, instead I see it as a hobby to take my mind off things. Just that it's a bonus when my hobby accidentally might not lose money. Generally that's because it's not generating dividend or rental, but it allows me to have fun=)

Website to Mr Fax's company: https://plus-solar.com.my/ 

I've been trying to wrap my head around different dimensions of a property and one crucial component would be energy efficiency. Today I got in my dear friend, the CEO of Plus Solar to share his work and experience with us regarding his journey.   

Besides providing energy, his team has now shift to embark on advanced technologies to help analyze the consumption behaviour of energy, then recommend ways to help reduce it. Also to provide solution on storing energy. I personally believe this would be the future but it's pretty unfortunate for us as there are just more high rises in KL.   

Just like energy efficient/hybrid vehicles, I think that there should be more tax incentive from the government to push our society to be greener. Many businesses are shifting over as they can enjoy savings, also be kind to our environment at the same time.    

Well, too bad as we are still stuck at home but I hope the internet connection will be kind to me on the next interview.

This question is a different twist to our usual property related sessions.  

As this audience recently just switched careers before the pandemic, he's now under tremendous pressure and it makes him feel lost. I've shared what I did when I went through similar situations.  

Also, we discussed about my thoughts about rumahwip. I believe that it's meant to be used as a home instead of an investment tool.

Subscriber counts meant impact on the community I have via my work. 

As much as I want to help out with the current situation of pandemic, there's only knowledge sharing within my capabilities.  

As real as I can be, only the strong gets to protect the people. In today's context, that means having the wealth and abundance to help those in need. Hopefully via the channel, more people are able to make the right decision regarding property. Then this group of people can then help more in the future.  Well that's currently the idea I have as I didn't foresee myself reaching this stage. 

Once again, thank you so much and take care guys.