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heavensea
post Aug 1 2019, 03:38 PM

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QUOTE(propusers @ Aug 1 2019, 09:04 AM)
can lelong agent help? i am not sure if agent got responsibility to help smooth hand over or not?
*
Agent useless
Tak boleh help.
Tell buyer go bincang and kaotim with ex owner to prevent revenge possibility.


QUOTE(ketupatlazat @ Aug 1 2019, 09:42 AM)
Most straight forward way = just pay him some money
The legal way = court order
The illegal way = pay some1 to help you hahah (not recommended)
*
Hired muscle isn't working.
Owner can report police and twist the story like roti canai.

QUOTE(BeastB @ Aug 1 2019, 12:17 PM)
hmm.gif Makes me want to go rent a RM10k mansion per month and then never pay rent/move out.
*
I believe many doing so.
Same as those installment plan of luxury phone.
Take package, use and not paying.
Sell 2nd hand, ended up the phone kena barred by telco.
Who bought it = up car

Don't buy any used phone without receipt.
Don't buy occupied lelong house unless the agent can assure one dragon service to evict ex owner.

ahkit123
post Aug 2 2019, 08:00 PM

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Problem with auction unit
Thasmita
post Aug 3 2019, 01:05 PM

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QUOTE(chongmelvin2238 @ Aug 1 2019, 09:10 AM)
Wonder if it's possible to change TNB to own account. Once successful, then terminate the power. Somehow write to TNB not to allow anyone else to registered using old SPA later than the POS contract. This is to safeguard from previous owner go to TNB to apply.
Same with Water..

Since have no tenancy agreement with the tenant, owner are free to terminate power and water supply?
*
Yup can be done
Thasmita
post Aug 3 2019, 01:10 PM

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QUOTE(heavensea @ Jul 31 2019, 06:37 PM)
Occupied unit
Owner duduk dalam
Talk kok asking compensation
*
Three ways of dealing with this. One - talk nicely. If that fails then two options - legal and tough. Legal means going to court etc. Tough can be mild tough and tough tough. Mild tough is cut of water and electricity - make a report for unlawful occupation. Photocopy the report and paste all over the area. But some people are thick skin and can miraculously live without electricity and water. Then tough tough - is get some tough guys to visit the place.
I have tried all but legal means and managed to get rid of them.
heavensea
post Aug 3 2019, 01:27 PM

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QUOTE(Thasmita @ Aug 3 2019, 01:10 PM)
Three ways of dealing with this. One - talk nicely. If that fails then two options - legal and tough. Legal means going to court etc. Tough can be mild tough and tough tough. Mild tough is cut of water and electricity - make a report for unlawful occupation. Photocopy the report and paste all over the area. But some people are thick skin and can miraculously live without electricity and water. Then tough tough - is get some tough guys to visit the place.
I have tried all but legal means and managed to get rid of them.
*
Afraid of ex owners revenge on the unit

SUSBillCollector
post Aug 4 2019, 04:12 PM

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Owner of 5 landed houses that I bought through auctions over the last 10 years.


All of them were below market value and for a reason. Some had been through several rounds at auction.


Some pros and cons as well as tips :-


+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.


-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.


*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.


You can read about my experiences in the spoilers if it is off interest to you.


House 1
» Click to show Spoiler - click again to hide... «



House 2


» Click to show Spoiler - click again to hide... «



House 3


» Click to show Spoiler - click again to hide... «



House 4


» Click to show Spoiler - click again to hide... «



House 5


» Click to show Spoiler - click again to hide... «

michaelchang
post Aug 4 2019, 04:50 PM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
Thank you for posting this.

This is a very good insight for all that want to bid for properties. Not everything is smooth sailing as some agents claimed. There are always some syndicate that will try to scam or profit from young naive 1st time bidder
erni3
post Aug 4 2019, 05:25 PM

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wow, after the ss2 auction. I highly doubt anything will surprise you anymore. Seem like you are only interested in landed property only. Need a lots of reserve and energy, end of the day worth it bidding those unit?
diners
post Aug 4 2019, 06:34 PM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
i hope you have house 6,7,8 and so on. it's like reading fiction! rclxms.gif
SUSBillCollector
post Aug 4 2019, 11:51 PM

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QUOTE(michaelchang @ Aug 4 2019, 04:50 PM)
Thank you for posting this.

This is a very good insight for all that want to bid for properties. Not everything is smooth sailing as some agents claimed. There are always some syndicate that will try to scam or profit from young naive 1st time bidder
*
I would put it this way, real estate auctions are not for the novice and it isn't anywhere near as easy to spot something that could yield a profit.

Before there are scammers, during there are scams and after it is over you might just have to deal with a scoundrel of a previous owner. Agents will tell you buying the worst of their listed is a bed of roses but reality will be far from it especially if someone is still occupying the premise and nothing is worse than trying to deal with someone who knows they have nothing to lose from the situation.

Having said that, things have improved a lot with the advent of e-bidding but it is still no substitute to doing your ground and homework. Both of which are essential.

QUOTE(erni3 @ Aug 4 2019, 05:25 PM)
wow, after the ss2 auction. I highly doubt anything will surprise you anymore. Seem like you are only interested in landed property only. Need a lots of reserve and energy, end of the day worth it bidding those unit?
*
That SS2 was a major wake up call. It definitely made me become 3 times more cautious than before and it also made me seek far more information on the property to analyse before a bid.

I only buy landed and freehold houses that are in need of TLC. I don't like houses that someone else renovated or has been done up by the previous owner as you don't know whether something is lurking beneath those sheen of nicely painted walls, House #2 is a perfect example of this, no way I'd have guessed a mere 10% of the problems the house had under those plaster.

Was it worth it?
House #1 = Yes. You ask me about American or British buildings I can tell you A-Z about it as I am an American trained architect and urban regeneration consultant. However at that time I wasn't familiar with Malaysian buildings and I had newly returned to Malaysia. It was a good learning experience and from designing that house I had 5 house owners in the area that asked me to design something for them. The value of it has appreciated to the point where it is has delivered a very healthy return.

House #2 = No, this house wasn't worth the time or the effort. There was nothing to learn or amend in any significant manner and no one was able to notice anything about it. The house I bought while everything was designer about it, in reality it looked nice but reality of it 99% of was either nice because someone choose to splurge money to buy the most expensive thing out there or it was a situation where it was nice to look and possibly touch but that was about it, much of the nice panelling were veneer on chipboard or an expensive tile that was poorly fitted. Returns has been okay at best but it was a learning experience that sometimes what you see isn't what you think it is once you dig beneath the skin.

House #3 = Yes, the amount of items I salvaged from the house more than paid off the cash for keys deal I made with the previous owner. After it was completed I had 3 house owners ask me to design their house and flattery of all flattery someone did an exact replica of this house 2 streets away. Had some good offers on it but I have no plans to sell this house.

House #4 = This house I always feel is very special. As a piece of land I scored an absolute bargain for it. As a house it has won 2 architectural awards and an award for its landscape. It did cost a lot to get where it is now but well worth it.
Returns? I'm not interested in selling it anytime soon but most recently someone made an offer to buy it off me twice of what I have put into it.

House #5 = It is easy to dismiss this as something not worth it. I view it very differently. I don't consider it that I lost a lot of money on the house as I viewed not being able to collect rent on it sooner was more of a case that I had not earned the money, you only lose money if you had it to begin with and then it went out of your hands, since the money never came into my hand therefore I never had it. Yes I did spend quite a bit of money using some rather high handed techniques but in the end it taught some lessons, it made me do better homework and due diligence as well as finally I was thankful it wasn't a case where I had taken a loan to buy this house and relied on the rental payment to service the loan. I was also thankful relative to the other properties I own this wasn't the most expensive of properties to have to learn such a lesson on.






QUOTE(diners @ Aug 4 2019, 06:34 PM)
i hope you have house 6,7,8 and so on. it's like reading fiction!  rclxms.gif
*
6th was supposed to happen in May but was withdrawn from auction. The other target was also withdrawn from the auction presumably because someone purchased it. Let's see if am successful with one that will take place end of this month, its in the same area as house #5 but this is a corner that was abandoned during renovations. Hoping to strike gold here.
Nama saya Amad
post Aug 5 2019, 12:06 AM

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QUOTE(BillCollector @ Aug 4 2019, 11:51 PM)
I would put it this way, real estate auctions are not for the novice and it isn't anywhere near as easy to spot something that could yield a profit.

Before there are scammers, during there are scams and after it is over you might just have to deal with a scoundrel of a previous owner. Agents will tell you buying the worst of their listed is a bed of roses but reality will be far from it especially if someone is still occupying the premise and nothing is worse than trying to deal with someone who knows they have nothing to lose from the situation.

Having said that, things have improved a lot with the advent of e-bidding but it is still no substitute to doing your ground and homework. Both of which are essential.
That SS2 was a major wake up call. It definitely made me become 3 times more cautious than before and it also made me seek far more information on the property to analyse before a bid.

I only buy landed and freehold houses that are in need of TLC. I don't like houses that someone else renovated or has been done up by the previous owner as you don't know whether something is lurking beneath those sheen of nicely painted walls, House #2 is a perfect example of this, no way I'd have guessed a mere 10% of the problems the house had under those plaster.

Was it worth it?
House #1 = Yes. You ask me about American or British buildings I can tell you A-Z about it as I am an American trained architect and urban regeneration consultant. However at that time I wasn't familiar with Malaysian buildings and I had newly returned to Malaysia. It was a good learning experience and from designing that house I had 5 house owners in the area that asked me to design something for them. The value of it has appreciated to the point where it is has delivered a very healthy return.

House #2 = No, this house wasn't worth the time or the effort. There was nothing to learn or amend in any significant manner and no one was able to notice anything about it. The house I bought while everything was designer about it, in reality it looked nice but reality of it 99% of was either nice because someone choose to splurge money to buy the most expensive thing out there or it was a situation where it was nice to look and possibly touch but that was about it, much of the nice panelling were veneer on chipboard or an expensive tile that was poorly fitted. Returns has been okay at best but it was a learning experience that sometimes what you see isn't what you think it is once you dig beneath the skin.

House #3 = Yes, the amount of items I salvaged from the house more than paid off the cash for keys deal I made with the previous owner. After it was completed I had 3 house owners ask me to design their house and flattery of all flattery someone did an exact replica of this house 2 streets away. Had some good offers on it but I have no plans to sell this house.

House #4 = This house I always feel is very special. As a piece of land I scored an absolute bargain for it. As a house it has won 2 architectural awards and an award for its landscape. It did cost a lot to get where it is now but well worth it.
Returns? I'm not interested in selling it anytime soon but most recently someone made an offer to buy it off me twice of what I have put into it.

House #5 = It is easy to dismiss this as something not worth it. I view it very differently. I don't consider it that I lost a lot of money on the house as I viewed not being able to collect rent on it sooner was more of a case that I had not earned the money, you only lose money if you had it to begin with and then it went out of your hands, since the money never came into my hand therefore I never had it. Yes I did spend quite a bit of money using some rather high handed techniques but in the end it taught some lessons, it made me do better homework and due diligence as well as finally I was thankful it wasn't a case where I had taken a loan to buy this house and relied on the rental payment to service the loan. I was also thankful relative to the other properties I own this wasn't the most expensive of properties to have to learn such a lesson on.
6th was supposed to happen in May but was withdrawn from auction. The other target was also withdrawn from the auction presumably because someone purchased it. Let's see if am successful with one that will take place end of this month, its in the same area as house #5 but this is a corner that was abandoned during renovations. Hoping to strike gold here.
*
Wish u all the best. I wish i had bullets like you do.
daddymund P
post Aug 5 2019, 12:56 AM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
Thanks for sharing your experience. Loved your story. Keep buying more houses so we can have more stories please haaha.
coolguy99
post Aug 5 2019, 09:19 AM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
Wow a very good read indeed. Thanks for sharing your experience here!
icemanfx
post Aug 5 2019, 09:46 AM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
Great sharing. A student of similar business model in property; buy when blood is knee deep on the floor and there is no short cut to make good money.

If you are not in the construction industry, will need a reliable partner and a lot more effort and time.

This post has been edited by icemanfx: Aug 5 2019, 09:51 AM
nookie188
post Aug 5 2019, 09:53 AM

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.......................house and relied on the rental payment to service the loan. I was also thankful relative to the other properties I own this wasn't the most expensive of properties to have to learn such a lesson on.
6th was supposed to happen in May but was withdrawn from auction. The other target was also withdrawn from the auction presumably because someone purchased it. Let's see if am successful with one that will take place end of this month, its in the same area as house #5 but this is a corner that was abandoned during renovations. Hoping to strike gold here.
*

[/quote]


wow- so amazing to read about your experiences with auctions..definitely its not for the novice esp when considering
high end landed..deep deep pockets needed..

thanks for sharing your experiences and please do continue to share your journey ..


balistafear
post Aug 5 2019, 04:12 PM

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Thanks for sharing
zer0hour
post Aug 5 2019, 04:46 PM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.

-snip-
[/spoiler]
*
Thanks for sharing your epic experiences! Super interesting..
luminaryxi
post Aug 5 2019, 04:54 PM

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QUOTE(BillCollector @ Aug 4 2019, 04:12 PM)
Owner of 5 landed houses that I bought through auctions over the last 10 years.
All of them were below market value and for a reason. Some had been through several rounds at auction.
Some pros and cons as well as tips :-
+You can get a house below market value and sometimes you do strike gold.
+You never know what you get inside. It isn't always as empty as you would think it is.
-You cannot check out the interior. If you own a drone you could use it to take a look from the windows which might give you some clues.
-You have to move very quickly.
-You do need to do your ground and home work thoroughly and know what you are getting yourself into and who assumes what, this is especially so with unpaid taxes, utility arrears and strata maintenance fees.
-Have to check for caveats.
-Is the owner still living in there? If he is expect trouble.
*If you are using leverage and will need rental to cover the mortgage or require a quick turnaround time you better not buy at real estate auctions and you might want to consider if your stamina can last up to a year with no income.
*Do you think you are smart? Many are smarter than you. Check out why it hasn't sold in previous rounds.
*Visit the premise more than 1 time and especially at nites.
*Plenty of frauds going on lately as the whole industry is beset with syndicates and crooks.
You can read about my experiences in the spoilers if it is off interest to you.
House 1
» Click to show Spoiler - click again to hide... «

House 2
» Click to show Spoiler - click again to hide... «

House 3
» Click to show Spoiler - click again to hide... «

House 4
» Click to show Spoiler - click again to hide... «

House 5
» Click to show Spoiler - click again to hide... «

*
thank you for your valuable insight, learnt alot . more such post is needed thumbsup.gif

Hunakadoo
post Aug 5 2019, 05:44 PM

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damn , thanks for that sharing !

especially the last house . rclxms.gif rclxms.gif
joe8489
post Aug 5 2019, 05:52 PM

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QUOTE(BillCollector @ Aug 5 2019, 12:51 AM)
I would put it this way, real estate auctions are not for the novice and it isn't anywhere near as easy to spot something that could yield a profit.

Before there are scammers, during there are scams and after it is over you might just have to deal with a scoundrel of a previous owner. Agents will tell you buying the worst of their listed is a bed of roses but reality will be far from it especially if someone is still occupying the premise and nothing is worse than trying to deal with someone who knows they have nothing to lose from the situation.

Having said that, things have improved a lot with the advent of e-bidding but it is still no substitute to doing your ground and homework. Both of which are essential.
That SS2 was a major wake up call. It definitely made me become 3 times more cautious than before and it also made me seek far more information on the property to analyse before a bid.

I only buy landed and freehold houses that are in need of TLC. I don't like houses that someone else renovated or has been done up by the previous owner as you don't know whether something is lurking beneath those sheen of nicely painted walls, House #2 is a perfect example of this, no way I'd have guessed a mere 10% of the problems the house had under those plaster.

Was it worth it?
House #1 = Yes. You ask me about American or British buildings I can tell you A-Z about it as I am an American trained architect and urban regeneration consultant. However at that time I wasn't familiar with Malaysian buildings and I had newly returned to Malaysia. It was a good learning experience and from designing that house I had 5 house owners in the area that asked me to design something for them. The value of it has appreciated to the point where it is has delivered a very healthy return.

House #2 = No, this house wasn't worth the time or the effort. There was nothing to learn or amend in any significant manner and no one was able to notice anything about it. The house I bought while everything was designer about it, in reality it looked nice but reality of it 99% of was either nice because someone choose to splurge money to buy the most expensive thing out there or it was a situation where it was nice to look and possibly touch but that was about it, much of the nice panelling were veneer on chipboard or an expensive tile that was poorly fitted. Returns has been okay at best but it was a learning experience that sometimes what you see isn't what you think it is once you dig beneath the skin.

House #3 = Yes, the amount of items I salvaged from the house more than paid off the cash for keys deal I made with the previous owner. After it was completed I had 3 house owners ask me to design their house and flattery of all flattery someone did an exact replica of this house 2 streets away. Had some good offers on it but I have no plans to sell this house.

House #4 = This house I always feel is very special. As a piece of land I scored an absolute bargain for it. As a house it has won 2 architectural awards and an award for its landscape. It did cost a lot to get where it is now but well worth it.
Returns? I'm not interested in selling it anytime soon but most recently someone made an offer to buy it off me twice of what I have put into it.

House #5 = It is easy to dismiss this as something not worth it. I view it very differently. I don't consider it that I lost a lot of money on the house as I viewed not being able to collect rent on it sooner was more of a case that I had not earned the money, you only lose money if you had it to begin with and then it went out of your hands, since the money never came into my hand therefore I never had it. Yes I did spend quite a bit of money using some rather high handed techniques but in the end it taught some lessons, it made me do better homework and due diligence as well as finally I was thankful it wasn't a case where I had taken a loan to buy this house and relied on the rental payment to service the loan. I was also thankful relative to the other properties I own this wasn't the most expensive of properties to have to learn such a lesson on.
6th was supposed to happen in May but was withdrawn from auction. The other target was also withdrawn from the auction presumably because someone purchased it. Let's see if am successful with one that will take place end of this month, its in the same area as house #5 but this is a corner that was abandoned during renovations. Hoping to strike gold here.
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real sifu.......

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