如何在一天赚一千万 Seminar Summary

Last night attended 2nd property seminar in the second half of 2014. Below is the Topic of sharing.
First speaker is Jeffrey Lim sharing.
His first property investment is as below:

Case Study 1:
Project name Tree Sparina and Pinnacle with DIBS

Area:1300 sqft
Purchased Price=$500/sqft
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:

Salary:$6k
Saving:$45K
New landed house cost $400K
Subsale landed house cost $280K

Strategy:
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.

She is from Johor and married to Penang. She start working at 19 years old and bought her first property at Ipoh for $24K. It is a single storey terrace house. She sold it for $50K before coming to Penang.

Below are her some past transaction result

Transaction 1:

Project Name: 3 storey shoplot at Bayan Bay

Bought at $1.2 mil on 2011

Sell at $1.45 mil on 2012

Transaction 2:

Project Name: Shoplot at Vantage Desiran

Bought at $560k on 2012

Sell at $950K on 2013

Transaction 3:

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.

有什么职业每个月工作一天个就拿薪水?

有什么生意不必打理?

有什么资产 可有增值能力?

有什么资产 可有生产能力?

有什么资产 可有套现能力?

有什么资产 可有贡杆能力?

第一刀:

-         现金流

-         资本增值

第二刀:

-         短 (1 year)

-         中 (1-3 year)

-         长 (3-5 year)

第三刀:

-         我有多少钱?

-         我有多少时间?

-         我选什么地区?

-         我选什么产业

语言是有力量的。

没钱也可以投资：

-         资本再借

-         合资伙伴

-         借保险费

-         向家人借

-         提高卖价

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.

她说睡了三年可有以睡出一白万的产业，那里找？

最后分想客家山寨的故事。

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.