WMS Property Purchase Services – WPPS 房地产购买服务

I recently received many calls and still have a lot people have’t own their first  home. Reasons was houses too expensive now a day….and etc….do you agree ?

What is your Best Property/Real Estate Purchase Advice?

The right Mindset “Don't stop. Never quit. Never give up”. You're going to a hit ton of obstacles in this investment journey- you CANNOT let them stop you. So many investors get stopped by either ignorance or fear saying, "this is just too hard" - "real estate doesn't work for me" - "real estate doesn't work in my area." Then they get out! Don't do that. Find someone who can guide you through. It could be someone in WPPS, another investor, an attorney, anyone successfully doing what you're trying to do. Do what it takes to find answers to your questions. You don't have to know everything today; you learn over time. Take the time to figure it out - but don't get stopped.

Name on big obstacle.

Legislation - laws change and often investors don't know their state laws or say "our laws don't allow that" when actually they're ignorant of the laws. The law may say you can't do something a specific way, but you can in fact do it another way. Again - learn, find out, know - just don't get stopped.

WPPS you've reach

Best personal growth  experience and what you learned from it.

My best ever personal growth experience probably came from my worst ever life experiences. My six months looking around for property investment and auction property but not even got a single investment in year 2009 but I never gave up experienced. One of the big things I learned through these was not to waste time - everyday is valuable, even the tough ones. You and Me are so busy every single day, our days are so full, but we love it because it's all productive, it all serves a purpose, it serves others, and our activity constantly moves us toward our goal-Financial Freedom. We don't have to be at our goal to enjoy life, just working for it and making steps brings us tremendous joy. Don't sweat the small stuff because it really is all small stuff over a life span - it really does pass as time continues to march on. It's precious, don't waste it.

How I tie that into real estate is by pointing out that, if you decide to wait before you make a purchase, I promise that in five years you'll be kicking yourself for waiting. Time is so precious.

Best success habit you practice

Not getting stopped. For that to happen, you must have a big enough "why?" You must have a big enough reason to be doing this investment - and your reason's gonna change. Starting out, our reason for this business was to provide for retirement (and of course I wanted to get to that sooner rather than later). Eventually, as we began to have income coming in for today, our reason became a better lifestyle for ourselves and our family along with being able to give more, which feels really good. Now our reason is to leave financial prosperity to our children and grandchildren

Best deal we've done

Our 2 ½ story house. About the time we started this proeprty purchase for own stay in 1995 instead of renting from people, we bought this house in Sri Petaling Kuala Lumpur. As it turns out not an easy decision, we just happened to buy it with advance money through a credit card than find all the way financial support from bank and etc. we were hoping to get in spite of various lending regulations. Turned to friend/relatives and offered to fund the deal. Always remember "there's a will there's a way". Finding money is easier than you'd expect - all you have to do is talk about what you do and what is the return.....After 20 years the house worth about three times higher than what we were invested.

Another property investment story is that this was in 2009 after the economy tanked in 2008. We bought an auction property and spent about 10% deposit of reserved price than balance 90% got financing from a Bank. We rented out the property with a rental return of 9% pa. After 5 years the property giving us 15% pa and the worth of the property was double from what we had invested.

A golden opportunity knock in auction property investment in year 2010 after the economy was recovery from 2008. A special valuable experiences were three continued days on Friday, Saturday and Monday we had bought three properties in 4 days time. The tree properties gave us 11% pa rental return each at that time. After 5 years, the first one gave us 18% pa rental return, 2^nd and 3^rd  gave us 17%pa rental return and the worth of the three properties were 100% appreciated each from our investemnts.

www.auction.wms2u.com

www.1malaysiaauctions.blogspot.com

Best quote

(1) Don't Think for the Seller

Before you buy anything, you must always know your numbers. Their numbers and problems cannot influence your offer or you'll pay too much.

(2) Failure is Not an Option

When we started out, we were at an age where we didn't have time for a failure.

And, that's what has kept us overcoming hurdles and knocking down walls even today. Failure is not an option.

(3) Hope is not a Strategy

There are so many moving parts in this property investments. You can never hope things will work out or the economy will remain strong or property values will increase. You must KNOW your numbers, your response rate, all the dynamics of your property investment at all times. That's the only way you can improve what's working, eliminate what's not, and know the difference.

What's the biggest mistake we've made in real estate?

Being influence by agent. It's hard to not get caught up in the emotion of the moment and in their needs, but that can ruin your deal. One of our very first property investment opportunities, a double storey house in Sri Petaling was selling RM240k (Bank valued for RM200k) in 2008. We used “Wait and See Strategy” offer the agent we will only buy the house at bank valued and hope the seller will reduce the selling price to RM200k. Almost every week passed by the house to see the agent banner still there and wait for the agent to call us back. Two months later the agent banner was gone…the house was sold. In 2015 the house worth for RM700k.

In 2010 a 1 ½ storey house in Sri Petaling was auction RM350k in the first auction but no taker. After few months later it was auction again RM315k as reserved price. We hope it will go down to RM284k if no taker again than we will purchase it. The auction have seven bidders participated to bid and the price went to RM360k sold. In 2015 worth of the property was RM800k.

My name is Clement Ching and I've been investing in real estate since 1995 and went full time since 2010. In the past few years, We provide property management services (PMS, www.pms.wms2u.com ) to investors and clients in collecting rentals included to buy and to sell properties for them.   

We hope you found some of this helpful. Any Comments or enquiries? Feel free to contact us for further information.

Robert Kiyosaki and 3 types of Assets

RICH DAD - real estate financing

Robert Kiyosaki & Ken Mcroy

Key concepts in the video:

- Fix and Flip is not a real estate business

- Focus on a business that acquire assets(properties)

- A true real estate business will have 3 parts; - partners - financing - management

- Getting a business that raises capital on its own.

Kindly Visit :-

www.property.wms2u.com

www.auction.wms2u.com