You cannot Grow Land..CK Wong & MY DAD

Later after all these things happening I’ve become very very scare of borrowing money. I got really stressed up even when the bank is calling me just to remind me a few days before my car payment is due. Even though nowadays I just do direct transfer from my maybank2u account to the hire purchase account.

Living in Penang I can certainly see people queuing to register for apartment/condo purchase sometimes and here apartment price goes up everyday

Because I’m not being smart when I started working now I’m early 30s with very little cash, and suggestion that I can follow to start in property investment because I also still believe that property investment is stable.

Thanks & Regards
Laikos

You cannot Grow Land..CK Wong & MY DAD

Concerning HOW to buy land….. in Sabah

I personally think it is hard to teach CREATIVE FINANCING per say. I feel if you really want to build a legacy, your mind will increase in capacity & be ‘creative’. Needless to say, you can definitely learn tips from creative investors/financiers (by associate with them, work for them, invest with them). I hope to share some light in this matter. In the past, a ‘creative’ way to invest was to form alliance or an investment club. Many successful investors in Sabah started with this kind of networking in the 70s. Many land holdings are in more than one name. The rational here is understandable: safety & power in numbers. The hard part is the networking but opportunities do exist today. Anyone can start an investment club in Malaysia pulling funds together.

Another point about buying land in Sabah, it is vital to know the Land law (Sabah Land Ordinance) because its provisions are NOT the same as in Peninsular Malaysia.

For the novice investor with limited funds, there is no short cut in general. SAVE & Invest in what you can afford first. This takes creativity!! This may not be vacant land but could a home/medium priced solid property with rental income as pointed by CK’s many entries.

2 cents worth, cheers

Nicholas

You cannot Grow Land..CK Wong & MY DAD

I m aware of the greatness of buying land ,sthg that not even owning series of properties can match.

But i think the problem here is not the decision whether to want to buy land or not but the method of financing for it. I know u cant teach/reveal to us the method of accumulating fund but bear with me…

e.g. majority of ppl walking into bank r as home buyer, NOT as investor so typically, the banker will feed information that is for home buyer, NOT investor. can say the information is not useful to us (investor). then i only realize there’s a way around that , which is …

we can use rental income to ‘boost’ our nominal income for bank loan approval for next apartment. this is sthg that I didnt even know weeks back. is this the ‘creative financing’ some ppl mentioned? not *that* creative actually.

(+++ If anyone know any other kind of CREATIVE FINANCING pls share, this is another topic altogether! +++)

so now back to THE question- I m not asking where to get the funds for buying land but the ‘creative financing’ to buy land, perhaps, sthg I didnt know (?) and I hope I’m asking the right question now. or is the answer is one of that old school’s…theres no way around it, u just hv to find hard cold cash! -to buy land. then, there is no further discussion and we can just ogle at land price skyrocketing without a piece of the action, one such as me.

it is not a question to buy or not to buy – but HOW. n this is where we need someone to shed a light rather than day in day out chanting that we should buy land and PRONTO.

You cannot Grow Land..CK Wong & MY DAD