Is it a Wrong Time to buy Property now?
This is the most common concern in most of my clients,
Are you also having this burning question in your mind as well?
Me and my wife are like most of the Singaporean, we started with a HDB. And at that point of time, we work very hard because we only want to quickly clear off all my loans to be debt free. But I realise one thing, by doing this, I will only be trading off all my time and need to work very hard for the money.
I'm glad to have many opportunities in my real estate career to learn from all my investors and mentors on how can I effectively build my property portfolio with a safe and systematic way. We manage to own Two private properties at the age of 34.
I can totally understand that buying at a wrong time is so dangerous as we had seen so many home owners lost millions of dollars when they bought their property at the high.
I think before we give a yes or no, is always better to look into information first
isn't it?
I had generated the property trend in 1996 - 1997 for you to see, and this is very clear, that was one of the highest points in the property market. And if anyone were to enter at that point, many had lost money.
At that point of time, many were panicking and fearful. This is because, every investment instrument was affected, including real estate.
But having to say that, I found out that there are also numbers of successful purchase during this crisis that did extremely well too. Take a look at what I had found:
Let's fast track to 2013. ( in my last article, i had analysis what happened from 2003-2008, you may check out here) i had also explained what happened in 2013. As the property trend had shown, 2013 is another high in singapore.
Let's look at some data on people who took action to purchase their property at this point of time:
As you can see, these people are still exiting without a lost from their investment even though they bought in 2013.
In my conclusion, how are these property's owners still can profit even if they enter at the high? Because, in real estate, the high has been always higher than the previous high, no one can really time the market. Many have missed the boat when they try to time the market, I think most important is not to time the market, but to spot the right product, therefore you can still profit it no matter when you enter.
Many had told me that this time is different from last time, as last time prices are cheaper than this time. I totally agree. But I also realise that many times, no matter at which era, people will always compare with last time, because property are not cheap no matter at which time, it has only become cheaper when we look back after the price increase, do you agree? I'm confident, in year 2030, people will start saying that prices are much cheaper in 2020.
Recently, another property owner cash out $1.1million profits from their property.
There is an opportunity in every crisis and the deeper the crisis, the better the opportunity can be. But some people are not capable of seeing it.
Do you know which property has a
Good Rental Yield?
Great Potential Upside?
Contact me for a sharing session that has no obligations and is completely FREE.
Why did i go thru this with you?
Ask yourself this question: How much u need to retire?
Do you know to Retire at the age of 62 and live until the age of 85 with $3500 income per month. How much you need to have in your saving?
The ANSWER is $966,000
Here are some immediate options:
1. Do nothing and retire with just 1 property and hope to save enough for retirement
2. Take the initiative to seek professional advice and learn from those who have successfully done it so that you can ultimately build a FINANCIALLY SECURE FUTURE!
What you can expect from the meet up:
This is one of the investment strategy you will learn from this meet up as well.
With over 10 years in the Real Estate Business, i have helped numerous homeowners to achieve their financial goal.
Let me tell you the truth, many home owners and investors have regretted not taking action when they are younger.
Don’t be one of them!
You can give up your dreams and continue doing what you are doing but let's be honest, you won't have read to this point if you wanted that.
Give me 1 hour,
Either you walk away the same after 1 hour or become one of my successful clients.
The most important part about building a successful property portfolio is to spot the right property, have a detailed, careful planning and meticulous financial calculations as these are the crucial steps to achieve your dream lifestyle.
There is NOTHING to lose in gaining more knowledge.
After all, knowledge is power.
You will be amazed at the insights you can gain from this short discussion.
No Obligation at all.
Freddie is a sincere, thoughtful and professional wealth planner. Throughout the whole period of working together, the advice that he has provided was always well-organised and straight to the point. There was no fluff and everything was transparent. Not only were his comparisons thorough and detailed, he uses clear strategies which always gives us very helpful suggestions on what we should and should not do. We are pleased to have him as our consultant and fully entrust our risk management and retirement planning to him. - Mr and Mrs Tan -
Freddie is trustworthy, communicates well and understands my financial needs. I find him to be very reliable, a confidante for financial matters. Prior to knowing him, I had no long term retirement plan from an investment viewpoint. After knowing him, my financial life has stabilized and improved tremendously over time.
- Ronnie & Jane -
We believe you have the potential to be like them.
Disclaimer: The case studies are for educational use only and we make no representation or warranties with respect to the accuracy, applicability, or completeness of its content. Any forward-looking statements outline in this landing page is simply our opinions, estimates expectation, or forecasts of future potential, and thus are not guarantees or promises of actual performance. As required by law, we can make no guarantees that you will achieve any results. Results will vary from case to case basis. Copyright 2018 assetsprogression Freddie Xu. All rights reserved. No part of this site may be reproduced or reused for any other purposes whatsoever without our prior written permission.