First speaker is Jeffrey Lim sharing.
His first property investment is as below:
Case Study 1:
Project name Tree Sparina and Pinnacle with DIBS
Selling at $670/sqft
Profit ~ $200K
Case Study 1:
Project name The CEO
Bought 3 units with $295K,$285K & $280K
Area:741 - 751 sqft
Purchased Price=below $400/sqft
Target Selling at $750/sqft in 5 years time
Use mark up strategy or no mark up strategy
Need to include Legal fees, stamp dty, RPGT etc
Sharing on another case study on a person dilemma "To married or to Buy house"?
Case Study 3:
John is aged 30 years old and working as Engineer in Ipoh. He plan to get married in 2 years time.
With his $45k, how to achieve both? Get married and buy a house? Below is his profile:
New landed house cost $400K
Subsale landed house cost $280K
1. Buy a landed house from subsale market at $280K
2. The property is fully renovated and in move in conditions.
3. Then mark up to $350,Loan $296K. Pull out cash $16K to pay for the legal fees,agent fees etc.
4. 2 years later,re-finance to $380K and pull out some cash again
At the end,John managed to get married with a nicely done house with no money down.
He is able to keep his saving and get money for honeymoon.
Case Study 4:
Project name:Summerton Shoplot
Bought @ $1.6 mil
Area:2 storey with 2145 sqft
No OC yet but already rent out $10K ~ $11K
Selling price can fetch at $2.6 mil
This unit initially booked by Maggie with RM20K, flipped 3 days later for $100K profit.
Who profit more? Maggie or the next buyer?
Case Study 4:
Project name:Juru Land
Bought @ $10 psqft
Area:7 acres (1 acre=43560 sqft)
Target selling price $45 psqft
What is the profit for just 2 years?
7 acres land = 7 x 43560 x $35 (Profit)
= $10.6 mil
This is the tonight main topic how to profit $10 mil in a day. This decision need to be made in order to profit this amount.
The next speaker is Maggie Fong.
Pls read below on brief introduction i extracted from a book.
Below are her some past transaction result
Project Name: 3 storey shoplot at Bayan Bay
Bought at $1.2 mil on 2011
Sell at $1.45 mil on 2012
Project Name: Shoplot at Vantage Desiran
Bought at $560k on 2012
Sell at $950K on 2013
Project Name: Taman Lip Sin
Bought at $90K on 2006
Sell at $160K on 2011
She mentioned that her investment strategy must have defined the following:
1) Timeline to hold
2) Profit target
Once hit her profit target, she will move on and do another deal.
- 短 (1 year)
- 中 (1-3 year)
- 长 (3-5 year)
She said that she want to buy Golden Triangle with 2300 sqft. Developer sold during launching is $670K and after 2 years it went up to $1.1m. Her sister want to sell her at this price but she did not take up. She successfully bought at $870K with the same size.
So she ask, can you buy below market price property? There are plenty around if you are willing to look for it.
Recently she sold her own Putra Marine Duplex Penthouse at 17 floor with 3600 sqft.
She bought $326/sqft, it translate to about $1.2m 3 years ago.
Guess what price she sold? She just test the market with $2.2m, and get the booking in 3 days.
She wanted to buy land in Balik Pulau, that time, she viewed 30 over piece of land. The last piece of land which is 12 acres and the price is $3.20/sqft. 1 acre is $150K. She book it with 12 acres with $20K on the next day. It is joint venture deal with other 2 friends. On the pre signing S&P, there is offer to her to let go the land and the new buyer willing to pay $200K. She rejected the offer and get scolded from the other 2 partners.
She planned to sell 1 acre each to other interested party for $300K per acre. She managed to sell 5 acres. However, during the drawing of the land and partition process, it took up 1 year. The land price has shoot up and decide not to sell the rest already. After 4 years, the land price increased to $12/sqft currently due to she turn it to a tourist spot. The land surrounding also appreciated accordingly.
One important advice from her is to focus on the area and become the expert of the area.
Others some soft skill did not able to describe in details here as not able to capture all.