Dr. Ho brings together his expertise in medical knowledge and 30+ years of experience in real estate, and started the session with an anatomy on decision making:
- Should I buy?
- Can I buy?
- Will I buy?
After all, buying your first home or an investment property is probably one of the most important decisions to make in life. Dr. Ho went on to open up the floor to the audience, addressing their specific questions as well as throwing in some fundamental guidelines for real estate investment. Some highlights:
- 4 Quadrants: wage earner, salary earner, business owner, investor. The goal is to become an investor and make the money work for you.
- Dr. Ho's 2 Principles of Real Estate Investment, from his 30+ years of experience (sorry we can't divulge the "secret" here; you'll have to attend the seminar or contact Dr. Ho otherwise to find it out)
- Criteria to buy an investment property: cash flow analysis, ROI, rental market, supply and demand curve
- Your own home is not an investment, as contrary to some popular belief.
- Why does the housing market behave like a basketful of rice?
The session was nicely concluded with a delicious catered lunch and mingling among the attendees. It was a diverse audience with some people looking to buy their very first home, and some others looking to add more investment properties to their portfolio. People exchanged information and learned from each other.
Many investors have strong feelings about real estate either for or against. It's better to stay only in those markets that are liquid that are easy to understand and deal with, and that offer an attractive compromise between risk and reward.
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