ASKING SEAN
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- čas přidán 18. 08. 2021
- Link to join my team in property investment club: bit.ly/3DxoxWS
For this episode, we will address investment on land deals. In my opinion, it's just too much money on a property that's too risky, the complications can be tricky and it's extremely risky if you don't know what you're doing.
As much as the parents advice him to invest in land, it's just difficult to get financing for it. But I still would prefer if he could learn from them as they've done well.
My suggestion to youngster would be to start small, focus on residential first, then subsales, auction, commercial properties, industrial properties then only move to land.
Then instead of bungalow lots, I personally prefer industrial lots and agriculture plots instead.
Investing in land is not easy and a pretty advanced form compared to residential. Like Sean has pointed out, whether it is allocated for Industrial, Factory or Agricultural use. From the latter, its further divided between different types of plantation you want to do, whether is it for paddy, palm oil or rubber etc. I forgot there is one type, which is very specific, if its stated for Paddy (for example), then you can only plant that. If you wish to differ, you need to apply to state for a conversion, which is also not 100%. The hassle is real!
Great insight once again, thank you Sean
Thanks you for teaching us all these information.
hi sean, just want to fact check. land loan can be obtained for up to 70% in the market. not 30% as mentioned. 70% from CIMB, 60% from Public Bank and etc for residential title or bungalow lot.
You're right!! That's the max provided you fulfill the criteria. I've tried before several years back and I got maximum 30%. But maybe because that's not residential lot.
Thanks for sharing 😊
Thanks for another great discussion. It is really good for young people to really find out what they want and what is suitable for them. Get input and feedbacks from various sources. Don't fall into the famous trap of "Parents telling their kids to become doctors when their kids are really not interested in studying medicine." One can start by investing in stable investments tools and build a solid financial war chest before undertaking riskier investments.
Agreed bro, I will let my children to decide what they wanted to be in the future, we can only show them the door, but they will have to open it themselves. Whilst basic education is a must, I think we also need to expose them to the taboo of financial intelligence, if not, it will be a continuous never-ending rat race. Financial security is a better way than job security, in the end, once you have used up your resourcefulness and usefulness to a company, you are nothing to them and will be chugged one side :((
@@morepewpewlessqq4720 Well said boss.
Wow iherng has Master of real estate.
Yea. I couldn't believe I did it while working at the same time. Thanks for watching Ryeon:)
Nice analogy using monopoly haha!
How about those in Valencia, Sg Buloh and Sierramas.
Waaaa....m’sia economy still so good ah 😳
Waiting For More In Future thanks for sharing👍
10.76391 and 43560
HAHAHAHA. Needed to memorize by heart leh haha:)
I do wish I watch this channel before buying my 1st property. Now I end up with stupid property which almost abandoned. Stupid SPNB Aspirasi.
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Appreciate it Danny!!
Land is memang for RICH people that have too much money to spend. Mostly these buyer do not need a loan. This guy papa mama should be doing verrrry well.
My advise, go start a business instead of buying a piece of land.