Jason Lo interviews founders of LVG Consultants and SinclairFalak
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How much would you get in 19 Years if you invest RM100 a month? Then stop investing monthly but let it grow to age 60? RM8.7million!!
Many people have asked me if they should Rent or Buy the property that they intend to live in. I reply, it depends….
If you have an intention of staying at one place for a short time, or have plans to relocate, Rental Property may suit you best. In year 1997 thru 2000 I spent my time in Melbourne, and worked in an accounting firm, KPMG in the City. It was pretty straight forward for me, no intention of staying on, or rather i was ignorant to the fact that Property is a fantastic Investment tool that appreciates over time… The property market in Melbourne boomed after i left! What an opportunity missed!
In year 2003-2004, I took unpaid leave and spent a year in London and worked in Central London. I got a bit clever this time and took an property investment class that really opened my eyes! WHY?
I realised that for many years, i have been paying other peoples Mortgage Payment! Effectively, they have their properties for free with little investment upfront making returns when the value goes up! So i decided to Buy a property, in London! Unfortunately, time ran out and i had to return to KL. Again, the property prices when up and missed the wave again!
I personally believe that should you decide to live in a property for a “Long enough” period, go ahead take the plunge and BUY it! You might as well pay off your own loans and own that Property! Its better than paying off someone else’s loan and you ending up with nothing, all your Rental Expenses turns into dust…..
June2008
