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 A poor kid that wants to earn money

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DragonReine
post Apr 7 2021, 09:42 AM

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Sorry to say, but you're not the first to think of this idea, since it's basically how "property gurus" run their business.

Additionally, data you collect online is not transparent and usually not indicative of true transaction value. Unless you're already in the business, you won't know the true amount.

Most importantly, since you're in effect influencing people's investment money that goes into hundreds of thousands, are you prepared to face the music from dissatisfied customers if the investment turns out badly? There's a reason why investment advisors in Malaysia are supposed to have a license before they can generate income from giving investment advice. When you're in the business of advising people how to make money, you cannot do it lightly or casually. Your RMxxx slideshow can cost someone RMxxxk of savings going down the drain. Especially when you're dealing with high net worth customers, they can make life hell for you if they have enough money and influence to do so.

If you wish to actually learn to market property that way, you're better off actually studying and getting license to work as a real estate negotiator, then revisit your idea after a few years.

There is many ways to earn side income with minimal qualifications or experience; trying to market property is not one of them.

Personally I'd advise you as a student to take a part time job in service industry. The soft skills you learn with handling people and customers will help you in the future, no matter what career you decide to go after. You'll learn time management, salary negotiation, and how to deal with crappy people laugh.gif

Good luck.

This post has been edited by DragonReine: Apr 7 2021, 09:47 AM
DragonReine
post Apr 8 2021, 11:20 AM

just another dog on the Internet
*******
Senior Member
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Joined: Aug 2011
QUOTE(peerlessmonarch @ Apr 7 2021, 06:19 PM)
Thanks for the response everyone!

So, basically right now what i can do is do some part time during sem breaks or easy semester and build my resume and cv.

It seems like i cant invest with no income for property...

My plan is to work and save for 4-5 years and resume scouting properties then. I also try to have about 5-8k income by then hopefully, idk about salary expectation for an actuarial graduate.

Many elders advice take it slow as im still young haha XD

But, inflation and everything, damn sad...

Meanwhile, also maybe improve my coding skills on my free time bah...
*
Direct property investment especially buying residential property for resale or rental is actually very hit and miss. There are more failures to profit then there are those that genuinely profit in nett ringgit once you take into account maintenance and bank interest.

to put it in perspective, a RM350k loan at 3% p.a. for 30 years of repayment will incur around RM200k of interest over the full repayment, and that's assuming interest rate stays stagnant. You'd save interest if you sell/pay off early, of course, but how many areas out there will appreciate at least RM200k in value within 15 years? it's a massive commitment with little gain. On surface level it looks nice to boast about how subsale price increase several hundred K, but it doesn't really account for hidden costs.

in actual fact property is more for wealth holding/preservation than wealth building

if you really want to profit from property, invest in REITs laugh.gif

 

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