My story:

I've read dozens of property investment books for years. 4 years ago, the idea of venturing into property investment sparks me after I've attended a property investment seminar by our very local property investor, Renesial Leong (u may read her success at www.upia33.com). I do invest in stocks too, quite heavily at one time Anyway, my story continues below...

Year 2005 (Salary: RM2500)
I jumped start by buying my first property, a condo, without any downpayment for RM150k. I signed a 15 years contract with the developer, with the criteria having the rental paid to me RM900 monthly for 15 years. Then, I secured my financing with a local bank. Managed to work out installment of only RM850 for 30 years. Positive cashflow of RM50 per month. Dun forget, my salary is still untouch

2nd and 3rd property are rather unique.

Year 2006 (Salary: RM2800)
I bought my 2nd property together with my brother who has the same earning power as mine. Together we bought a RM250k worth of property. Secured a local bank loan and work out the installment to be only RM750/month/person. Ok wat.....

Year 2007 (Salary: RM3000)
Recently, I've just bought into RM380k worth of property together with my wife who has the same earning power as mine. It's for own stay. Secured my company's loan (interest rate a slightly lower than local bank) and work out the installment of only RM1000++/month/person. Ok wat...

Year 2008 (Salary: hope it rises)
Rent out some of the rooms from the 2nd and 3rd property to help service the installments. Hence, boost my monthly income enabling me to secure another bank loan for my 4th property as an investment...

Year 2009 (Salary: rise rise rise)
Buy my 5th property, by manipulating my 1st, 2nd or even the 4th property. How? Read 'em up... it's all in the books. Attend seminars! Learn from the successful people.

Hope I did shed some lights to some of you out there.

Nothing is impossible

Cheers
Roger
wcwroger@yahoo.com