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Q&A: Should I invest in small properties first before moving on to bigger properties? | Farred Property
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Q&A: Should I invest in small properties first before moving on to bigger properties?

Hi Mr Azizi Ali,

I recently started studying about property investments. I also read your book How to Become a Property Millionaire and it is really amazing and easy to understand. However, I still need to learn more in order for me to get a good investment. Currently I am reading a book of how and why we have to choose our own lawyer for buying own properties. So I hope that you can guide me on what book to read to gain further knowledge on properties.

Also, I need your advice of Palm Spring at Damansara. Is that condominium a worthy investment? I search the value at moment is about RM220k to RM250k for a two to three bedroom unit. I thought it would be better for me to invest in a small condominium before going further with a bigger investment.

Your kind reply is much appreciated.

Thanks

Ken Lai



Hi Ken Lai,

Thank you for your kind words, Ken. I’m happy to know that my book has helped you and even happier to know that you want to continue your education. This is an excellent move – the more books on money matters that you read, the wealthier you will be. (That’s why I read three books a week.)

As far as my recommendations on the titles, you must read all my four books on property investment! (No surprises there.) But don’t stop there; read as many books on the subject matter as you can. The good thing is that there are quite a number of good books on the subject, written by Malaysian authors and those from overseas. I would recommend 40 Questions You Should Ask Your Lawyer Before Buying a Residential Property in Malaysia by Khairul Anuar, The Millionaire Real Estate School For Beginners by Wendy Koh and Real Estate Investing For Dummies by Eric Tyson.

Next point; your idea of investing in a small condo first is spot on. It ties in nicely with the concept of learning as much as you can about the subject, starting small, getting some real life experience, and then growing bigger as you get better. This is a tried and tested success formula. My first property investment was a RM100,000 PKNS apartment – thought you’d like to know that.

Thirdly, I’m afraid that I don’t know a lot about Palm Spring condo therefore am unable to comment much on it. However, I can say this: the location is certainly a plus – it being close to Mutiara Damansara. You can get more details easily about the condo by Googling the name and logging on to the relevant web pages. You should also talk to real estate agents, current owners and also renters there.

Finally, you should consider looking at other properties before making your decision. Property investment is like the fairy tale about the frog prince – you have to kiss a lot of frogs before finding your prince! Likewise, you have to look at a lot of properties before finding a gem.

I wish you the best in your quest, Ken. Have a great future ahead of you.

Regards,
Azizi Ali

Here is some property below 100k


Allah is always by your side, Insha Allah, Insha Allah, Insha Allah

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