Real Estate

Fringe Property – For Sale Or Rent (Part 2)

This is a follow-up post from the last week’s post on getting a piece of real estate for your investment. So what’s coming up is another set of tips and techniques which you can use in order to acquire a piece of prime real estate which will give you the capital yield that you are looking for.

First of all, determine what you really want from the real estate investment. Do you want good rental yields from the land or apartment which you are going to acquire? Or are you thinking of cashing out in a couple of years time in order to maximize the returns on your investment? These two are vastly different when it comes to making the most money. You will have to consider your options more carefully especially when it comes to choosing a real estate investment which is closer to what you want. There are also some questions on ethics which you will need to consider – read this article on Oprah on the same topic.

Secondly, you will need to consider your budget as well. Not everybody can afford a piece of prime real estate (for example, something in downtown Dubai or a KLCC condo such as Park Seven), and so you will need to narrow down your choices to invest by carefully considering how much you have to invest in your choice of real estate. This can be trickier than you think. For example, figuring out your monthly cash flow can be tedious especially when you are doing it for the first time. If you are not financially “literate” then you might want to engage someone who is, or get professional help as much as possible. What is important here is that you may also want to have a tracker spreadsheet which gives you a good template which you can use to compare your choices of properties according to the criteria that you have already narrowed down –

With this spreadsheet, you will be able to determine much more effectively what the “realistic” choices are and then you can decide more effectively. Here some Excel skills will be invaluable!

Now if you are still unsure of what to do then it is advisable to go and get a realtor or a real estate broker which you can trust in order to make these decisions for you. Of course, a reputable property broker will make all the difference, and if you do not know a good one then you will be at a distinct disadvantage when it comes to picking up the gems in the real estate industry.

Of course, you will need to pay these experts to do your bidding for you but it’s all worth it. Real estate is no joke, and if you are able to make the capital yield that you want then you will be able to reap the benefits and realize your return-on-investment goals many times over.

After all, it’s a question of ROI!

Once you have honed your skills on picking up the right real estate investments then you will be able to easily see or identify what the property gems are which will make you a lot of money. The key here is not to be afraid when it comes to making real estate investments, and with the right amount of experience you will be able to figure out what to do even without relying on a fancy spreadsheet.

Next week I am going to post another blog article on the same topic of real estate and investments, so watch this space!

Fringe Property – For Sale Or Rent

A quick announcement – the Fringe theater group is looking for property for sale or rent. We are going on a tour from February till May next year in Southeast Asia, and will be grateful if any of our readers could lend a helping hand as far as getting us a place to stay for the short term.

We can’t wait to visit Malaysia again, but getting a property to rent is a problem when you’re not local to the area

We have started to look for some prime real estate in the region for both investment and also a pad for our team during our frequent tours to Southeast Asia. For this purpose we have engaged a number of real estate brokers to help us in our decision. We thought of sharing our experience here for the benefit of our readers.

Property For Sale – Help Needed

First of all, we had to choose a piece of property which is suitable for our team of twelve fringe artists. For this reason, we have set up a couple of criteria to help us decide better when it comes to choosing for a piece of real estate in Malaysia to rent or to buy –

Once we have nailed down these criteria then house hunting becomes really easy… we only had to go online in order to look for properties for sale or rent in Malaysia. Our favorite websites for real estate listings in Malaysia are the homes for sale site (note: the site url has been updated recently to http://propertyforsale.com.my), iProperties and also Home Guru. Luckily for us these sites are in English and not in native Malay.

Sorting through the property listings is a breeze – and there are lots of choices to choose from. The best of these sites is the iProperties site which has got lots of listings, and lots of ad banners for me to click to. I really like to look at advertisements. They are awesome – especially the animated ones. Other sites that I like include PropertyReviews.my and PropTrack,

Without local knowledge it is really tough to decide on which property to buy or rent. In this respect it is important to get a local agent who knows about the country. We have only been to Malaysia about six times in the last three months. A local real estate broker would be super helpful in helping us get the best property deals in town.

What’s Happening Next

So what happens next is that I will be shopping around for real estate in Singapore. Properties in Singapore are a lot more expensive than Malaysia properties – and for a reason. The Singapore dollar is also much stronger. With limited budget, it can be hard to get a decent place in Singapore for our Fringe artists. Again, a local Singaporean real estate broker would be invaluable in our quest for the best deals in town.

As far as this blog is concerned, I will be posting a follow-up post to my previous article here on brainwave entrainment. So far the response from our readers have been encouraging, so thank you!