Almost everyone that invest in properties has a mentor. It can be a free source like family member, friends, etc…. or paid source like property gurus. Hence I am ok with having property gurus around as it can be difficult to find a good mentor.
There is no property investment methodology that is applicable to everything. This is because there is no set and fast rules to investment due to the variety of property classes and investment objectives. Some investors go for rental, some for capital appreciation and some will say both (in reality for those who says both - in the back of their mind they know which objective outweighs the other). Hence there will always be a debate on which methodology is better than the other. Property gurus/mentors are the same and when it comes to selecting one, always go with one that shares the same investing philosophy as you. Example: FR is value investing and rental focus while MC is risk avoidance and capital focus….at least that’s the way I see their approaches.
As for credibility of property gurus/mentors, always ask yourself if their comments make sense or show experience. Example: Posting a question on tiles popping up when you run an ID firm doesn’t hold well. Also be wary of data on how they are drawn and displayed. Example: The survey result of consumer buying preference will vary depending on the survey method, survey group demograph and sample size….you can sniff out the BS gurus from there.
I don’t know Solasta well enough to give a verdict but I guess it depends if you are analysing it from a Dutamas, Segambut or both lens. From a Dutamas lens, the psf and absolute value is cheap and I believe the developer has discounted the price due to the highway, HTC and cemetery. From Segambut lens, it is expensive and mixed from the both lens. Hence I get all the debates…..what has gotten me curious is the lifestyle aspect from top of the class facility in the analysis of this property and how is it weighted by FR group. Honestly it is a progressive approach to property investing which I think is good and forward thinking. Anyone can shed more light into this?
P.S - Having cross path with both FR and MC, I can say both have done well in their property investment journey and can retire comfortability with their existing portfolio. I know FR is very genuine in his intend and really passionate about property. We all know the saying “follow your passion and the money will come”….well hopefully. Disclaimer – I have not joined or engaged any FAR Capital services hence the question above.
Apr 10 2019, 11:07 AM
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