As soon as I started working, I was very vigilant about my money and finances. Trying my very best to make more money and think long-term has always been part of me due to the insecurities when I was younger. Therefore, I am exceedingly grateful that this conversation took place.
Ganesha, just like anyone else, bought his first property for all the same reasons, but he’s being smart about it. And he’s on his way to get his second one.
Growing up, the topic of finance never really took place in my household. Avoiding debt is the number one thing our parents would let us hear about day in and day out. But they never really taught us how we should buy a property for our own living, let alone for investment purposes. In this episode, Ganesha shared with me all the tips and tricks he learnt from his mentor about property investment. If you are like Ganesha and I, this episode is for you.
Timeline:
[00:00] Living his early life at Cochrane Cheras
[02:15] He wanted to do nuclear engineering, but ended up in electrical engineering
[06:48] Posting about property investments on his Instagram
[07:54] Rule of thumb to start investing in properties
[10:07] How do you know if you can afford
[12:05] Delaying cash flow after buying your first property
[15:03] Short-term vs long-term rental
[17:34] The importance of location
[33:57] New developments vs sub sale properties
[43:35] Buying landed houses
[46:59] Loan eligibility
[52:38] Airbnb
[01:04:40] Getting a mentor and understanding the risks of investing in properties
[01:14:32] How many properties does he have?
[01:19:46] What is next for him?
Sound effects obtained from https://www.zapsplat.com
Follow Ganesha on his Instagram @ganeshanachar