Many people say a picture tells a thousand words. In property investment, I would say do not be fooled by just the pictures. However, I personally love all the profound quotes which tells you in one line why property investment is good or why property investment should be considered or even why property investment is full of risks! There are property gurus who has been in the industry for as long as I can remember. There are also some lesser known ones but this does not mean they are not as good. Anyway, I have no quotes to offer for property investments. None for the next 10 years at least. Haha. Read some of the nice ones below and enjoy.
This one spells out what I dream of for my future.
I want to be a successful landlord. I like real estate – Two Chainz
It’s always good to buy where you are familiar with first.
The problem with real estate is that it’s local. You have to understand the local market – Robert Kiyosaki
Remember, learn. You can’t always think you know it all just because you have profited from earlier buys.
“In my experience, in the real-estate business past success stories are generally not applicable to new situations. We must continually reinvent ourselves, responding to changing times with innovative new business models”. – Akira Mori
Every investment has its risks. Be careful
“Don’t stretch yourself too much with a mortgage. Buy within your means.. it’s not worth the sleepless nights.” –Sarah Beeny
Haha. How true!
“The best investment on earth is earth.” -Louis Glickman
Reminder on the word ‘common sense’. In other words, think objectively and not be a follower all the time.
“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” -Franklin D. Roosevelt
Buy, Rent, Buy, Rent, Buy, Rent
“Landlords grow rich in their sleep.” -John Stuart Mill
I am not sure if this can be proved but perhaps this is still true today
“Ninety percent of all millionaires become so through owning real estate.” -Andrew Carnegie
This is one of my personal reasons for buying property
“Owning a home is a keystone of wealth.. both financial affluence and emotional security”. –Suze Orman
Time, Time, Time, this should NOT be a gamble or speculative.
“Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.” – Paul Samuelson
Make sound decisions with your learned ability to be objective
“Know what you own, and know why you own it.” – Peter Lynch
Ok, that’s all from me. Google for more if you want but the most important thing about property investment is this. ‘Do not be afraid of moving slowly. Be afraid if you are standing still’ Just as everyone has learnt, inflation will always be there and so would the need for a roof over your head. You can buy a roof over your head or you can rent a roof over your head but you must have a roof over your head. Think about it. Sure, you can buy a camping tent for RM29.90 and sleep in it for the rest of your life too. There’s a reason why they said, ‘Home Sweet Home’ or ‘Home is where the heart is’. Happy learning and reading.
compiled and written on 3 April 2014
Next suggested article: Property Investment? – Focus is key