Sneak peek of The Singlet Property Guy’s event!
Location: The Park Sky Residence.
Sneak peek of The Singlet Property Guy’s event!
Location: The Park Sky Residence.
Home Makeover Packages Marc Residence The Park Sky Residence Novum Bangsar GenKL United Point Residence Check out our singlet property guy’s new home! 🏠 . . .
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The designer behind Vic-O-rient.
We recently launched our Guaranteed 12 Months Rental program, the first of its kind, on the 10th of August 2019. This program is yet another step to bringing our services to full circle for our guests and we are pleased to announce that it was well received by those in attendance.
The program, which promises 12 months rental to property owners who engaged us in our ID events is part of our effort to bring more values to all future guests.
Mr Iskandar D’zulkarnain, one of the attendees, had this to say during our launch:
“Excellent service. Great price and they cover pretty much everything. Highly recommended. A very dedicated staff. They even make a special slot to accommodate my family. Thumbs up to Chin Hua and Ricky too. They done an amazing job. After seeing this company, I decided not to look further anymore for interior designer. They won’t potong you at all. So have faith and give it a go. Wait no more, set an appointment and meet them now”
In such a soft and volatile market where people are faced with many uncertainties, it is our hope that this program could benefit our guests by giving them a solid foundation on which they could have a firm stand.
Hello again, reader. Thank you so much for keeping me company on my journey so far. If you haven’t read my last two articles, you could always check them out for more edification.
Now that we’ve covered the basic values http://ideasmakeover.com/main/the-real-smell-of-mcdonalds/ and knowledge http://ideasmakeover.com/main/my-first-property/ that were integral to my success, I wish to share another facet from my past that made an impact on my career.
There’s a saying that goes ‘if you want to go fast, go alone; if you want to go far, go with friends.’ and I find that there is some truth to that saying because a lot of my successes in the real estate industry came about as a result of my collaboration with an awesome individual who goes by the name of Nicholas Tan Chin Hua or just Chin Hua for short.
Chin Hua and I met during college when we were both at the dawn of our 20’s. When I first noticed him, I found him funny, outgoing, and charismatic which might explain why he’d always be surrounded by a bunch of people. His traits coupled with his complexion along with his affable aura was what made him a superstar in my eyes and I often wondered how I could be more like him.
We officially met at a club called Atmosphere during a friend’s birthday party where I was given a weird whiskey cocktail that contained chewy toppings; which I later found out was Chin Hua’s puked out Char Kueh Teow from a café called chi cheong gai. Looking back now, I guess I should have been angry for being given puke cocktail but his laughter was so infectious that I couldn’t help but smile; It was the start of a beautiful friendship.
Now, I’ve heard before that ‘once you’ve tasted another person’s saliva, you would most likely be together for a lifetime’ and judging by how long my partnership with Chin Hua has lasted – slightly over 10 years now – I guess that saying is pretty accurate, and though he and I were polar opposites, we found that our individual strengths actually complimented one another. Thereafter, we became a dynamic duo with the sole mission of achieving financial independence through various means.
Our first attempt at completing that mission was through online gambling but it was only a short lived venture as we ultimately lost more than we won, despite my rigorous planning – which involved my housemate, Michael Tang, who was studying to be an actuary at the time which helped him analyse our chances of winning – and Chin Hua’s brilliant execution. We learned the hard way that gamblers will always lose at the end of the day.
Luckily, we weren’t too caught up with our little scheme as Chin Hua and I were both learning all we could about property investments at the time.
My interest in the real estate trade was influenced by my father who was a business man himself, being the 1st franchisee for McDonald’s in Malaysia but I mostly learned about the trade from my Two Rich Mums who taught me how to take down properties with minimal capital, leverage on facilities and win the cash flow game. Truly, I feel blessed for having them as mentors as I may not have had the jump start that I did without them.
So, by the time I was 21, I started investing in property with a focus on interior design as I knew how important it was in attracting prospective tenants. Meanwhile, Chin Hua also jumped into the real estate trade by focusing on auction properties. His natural charisma allowed him to take down great deals in addition to closing countless sales. We both actually did quite well for ourselves in the real estate industry despite coming from different backgrounds but it still wasn’t enough.
Which brings us to the 31st of May 2015 when Chin Hua passed over some units to me to handle the interior design. I remember the date well because it was my first time diving into a project as the lead designer and when I handed over the units by June of that very year, we found that units were later taken up quickly with a rental yield of 8.75% and that the ROI for the interior design of those units were all less than 6 months.
Then, it was like something just clicked between Chin Hua and I; and we came up with an idea to form a one-stop-centre for property investors who were looking to build their portfolios with a healthy cash flow. That idea swiftly turned into a business model which played to our respective strengths.
Consequently, on October of that very year, IDeas Makeover was born!
It’s been nearly 4 years now since we started, and as far as I can tell, we are still going strong since each passing year seems to bring with it the type of growth and prosperity that both Chin Hua and I could only dream of accomplishing as a duo.
On that note, I’d like to leave you with a thought:
The key to succeeding in anything you do in life is to work with great people, but since greatness is purely subjective, you should take their attitude and personality into account as that is where trust can be built; and it’s in that trust where you’ll find peace and comfort in knowing that no matter how tough the situation was for you all, it was definitely worth it.
Visit our website at www.ideasmakeover.com/main
Dear reader, I would like to thank you for keeping up with my past articles and I sincerely hope that they have enriched your life in the slightest. Once again, I would like to share something that could prove invaluable to you, so, I hope you could grant me 5 more minutes of your time.
The year was 2006 and I was only 21 years old when I first started to invest in property. While most of my peers were busy planning for their holidays, I was busy learning about real estate. It’s not that I didn’t like having fun, it was just that I had a burning desire to reach financial independence by the time I hit 40 years old and I saw property investments as a way to do it.
It wasn’t easy at the start, especially since I didn’t know much to begin with; but under the tutelage of my two rich moms – I’ll tell you all about that later – I’ve managed to come this far practically unscathed. It all boils down to six simple rules, as they said:
Be 110% sure you understand the market.
There are many things to take into account when you’re thinking about starting a new venture, so be sure to do your due diligence before you proceed. In my case, I paid extra attention to the market’s supply and demand and made sure that I had an ounce of control for the next 5 to 7 year
Take the weather into account.
There are various things that could affect your business; so, you should keep an eye on the news to look out for political movements and to stay updated on the economy as well as past trends in order to be able to stay on top of things.
Choose a suitable vessel.
Property investment can seem daunting due to the high capital needed to start but our financial system actually offers many options that could help you in realizing your potential. You just need to decide which financial institute is just right for you.
Build your business model.
So, now that you’ve got your capital and you’ve done your homework, do you think you’re ready to jump into the game? If your answer was yes, think again. In order to make your venture sustainable, you need to come up with a business model – or plan – so you’ll know what moves to make and when. Try to come up with model that covers the next 5 to 7 years and keep an eye on your figures to make sure they go according to plan.
Always prepare for the worst.
Make contingencies and exit plans for when things don’t work out. While it’s a good thing to be optimistic, you should always stay grounded in reality and put together ways you could save yourself if it comes to that. This is where a business model comes in handy because if you see any inclination that your investment could go south, you’d have an answer when someone asks: “What do we do now?”
When dealing with big figures, especially for property investments, it’s easy to lose sight of what’s important due to our own nature; but in order to reach our goals without further delay, we must always be in control of our impulses. This is, by far, the most important rule for any investor to follow because the slightest misstep could prove disastrous.
I’ve abided by these words throughout my entire career and it hasn’t let me down just yet. By now, you must be thinking something along the lines of: “Aiya! Talk like that senang la but can do or not?”
Speaking from experience, I know for a fact that everyone would struggle in trying to implement those six rules; but I found that the glue that ties it all together is humility. Always avoid hubris – meaning overconfidence – as I’ve seen it become the downfall of many other investors.
What happens to these investors who land in hot water is that they assume that by taking advantage of their two 90% residential loan quotas when the market seems optimistic, they could generate enough income to keep their cash flow positive and stay afloat; but then greed would take over and they would try to double their profits by capitalizing on those factors, hence leaving them vulnerable to any unfavorable event.
You see, when it comes to property investment, you need to understand that it’s not at all a short term game. The six rules that my two rich moms established isn’t exactly a trade secret as you’d get the same sort of advice from any businessman; but to walk the talk, you need to have courage to face adversities head on, technical expertise – or at the very least, a brief understanding of how things work – and the strength to see your visions through to reality.
Dear reader, while I understand that your time is precious, I hope that you could spare some time to read through an experience of mine that made me appreciate how the things that truly matter can all be found within.
Have you ever been looked down on by others because of what you worked as or even how you dressed? I’m sure we’ve all been there before, right? Speaking from experience, there is no surefire way of shutting down those haters because, to this day, people would still judge me for whatever reason; but it doesn’t bother me one bit. I know my true value because I was blessed with the chance to be tested on it in my younger days; and in order for you to understand what I’m saying, I need to take you back…
Back to when I was working in McDonald’s.
Now, if you’ve ever worked in the food and beverage industry before, I think you’d know what I mean when I say that I always carried a part of work with me wherever I went; and that part was the smell. That sick symphony of sweat, cooking oil and kitchen grease would envelop us all throughout our shifts so much so that we had no choice but to adapt, but it was still downright nasty; and, worst of all, the smell wouldn’t come off even after taking a bath!
The stench wasn’t the only issue the team and I faced, though. Problems would always seem to shoot up like mushrooms after a rainy day: if it wasn’t a shortage of inventory, it would be a lack of manning or one of the important equipment suddenly malfunctioning. The whole time I was there, there wasn’t one day that passed without some issue popping out somewhere. In spite of all that, though, we would always somehow manage to pull through each day.
I’d like to say it was largely due to the impeccable team who ran the show that lead to our quality service, but in retrospect, I realized that it was the work culture that we lived by that helped to keep us all in line. You see, in McDonald’s, it didn’t matter what position anyone held, if it was rush hour, it meant all hands on deck and even the managers on duty would step out to help keep the service running smoothly. It took me a while to understand this style of leadership, but it soon dawned on me that even though we were capable enough to handle the flow of guests, we were always bound to make mistakes and that was where the more experienced leaders could take charge. Needless to say, the experience I gained with McDonald’s was priceless but not everyone would agree with me on this.
My friends, for example, would call me names each time I’d join them for a hangout session after work. They’d also point out how they could tell that I was about to arrive by the strong smell of burgers that proceeded me. It was all in good fun, though, because I knew they only meant it as a joke, but the real disparagement came from my interactions with others outside our circle.
I think the lowest point for me was when my buddies and I were out at a bar, one night, and we went around to mingle. While the guys were able to hit it off with whomever they spoke to, I couldn’t hold a conversation with anyone past the topic of what I did for a living. It was obvious by the look on their faces that they thought very little of me and all because they saw me as just a fry cook from McDonald’s.
It’s sad to say, but that night wasn’t the only time it happened to me. For as long as I worked with McDonald’s, I had to endure people treating me like I was less than; and I would’ve believed them too if it weren’t for the fact that I had my heart set on something greater than improving my social status. I’ve made many mistakes in the past but I’m glad to say that my decision to focus on refining myself wasn’t one of them.
In due time, I eventually moved on from my station in McDonald’s to pursue my passion in property which led me to establish IDeas Makeover. It was rough at first, but through that McDonald’s culture which I adopted into the ideals for my team, we managed to grow over the years; proving the fact that none of us is as good as all of us. So, even though I no longer smell like McDonald’s, I still carry its essence in the hopes of passing it along as it taught me the true value of humbleness and how it goes hand in hand with self-confidence which I believe is an essential part of success…
And to my fellow dreamers out there, no matter where you are in life at the moment: take pride in who you are! The reason why you are the way you are today is because of the trials you’ve been through in the past; so don’t let the things that people say define your worth because only you would know what you’ve got inside.