Q. Rich Dad Poor Dad teaches the generation of passive income through real estate. He mentioned in the book that we can do that even in tiny Singapore. So given the Singapore context, how can we do it?
A. You're going to have to borrow the money, either from friends, family, investors or banks. You might even be able to get a combination financing, such as a seller held 2nd plus a loan from a bank.
If you don't have good credit, you can get a co-signer. Get someone with strong credit to co-sign for you, plus a combination of financing. You may have to give your co-signer a financial interest in the deal.
Another way to start out is to broker deals, or acquire an option on a property and then sell it to another investor. This gives you an opportunity to make money on the deal without having any capital involved. Research the term 'real estate options investing'.
If you don't have good credit, you can get a co-signer. Get someone with strong credit to co-sign for you, plus a combination of financing. You may have to give your co-signer a financial interest in the deal.
Another way to start out is to broker deals, or acquire an option on a property and then sell it to another investor. This gives you an opportunity to make money on the deal without having any capital involved. Research the term 'real estate options investing'.
Any way to file a complaints against a real estate agent in Singapore?
Q. The real estate agent Juda of Cavalier in Singapore did not fulfill his duty to manage my apartment in Singapore properly upon receiving the management fee from me monthly. Is there any way to file a complaint against him of his unprofessional and irresponsible service?
A. You can either write a formal letter to Cavalier Real Estate or complain to the Consumers Association of Singapore (CASE).
http://www.case.org.sg/
(Click on Complaint and Resolution)
http://www.case.org.sg/
(Click on Complaint and Resolution)
How to reach and know the modus oprandi of real estate agents from differrent countries?
Q. Wish everyone a happy and prosperous 2008.
I would like to expand my territory of real estate marketing to other countries.SO,someone guide me with the modus oprandi and the methods employed by different real estate agents all over the world(from countries like US,UK,Australia,Singapore,Malaysia etc.)As well as,Would somene help me to setup an office in those countries to expand our operations?
I would like to expand my territory of real estate marketing to other countries.SO,someone guide me with the modus oprandi and the methods employed by different real estate agents all over the world(from countries like US,UK,Australia,Singapore,Malaysia etc.)As well as,Would somene help me to setup an office in those countries to expand our operations?
A. No. There are enough people in my commonwealth who don't know what they're doing already. Don't need you to muddy the waters with businessmen who'll need a lesson in not only local laws, but federal guidelines as well.
Besides, don't ya know? Real estate in the US is hardly a growth industry right now.
Besides, don't ya know? Real estate in the US is hardly a growth industry right now.
How much money does a real-estate make a month?
Q. I was wondering how much money does a real estate make in East Hampton,New York.
Monthly/Yearly
Monthly/Yearly
A. All country are the same, be it New Yoke or a tiny country like Singapore. It all depend on how you conduct your business, I have seen people making over a million a year and some only few thousand a year. Find a good mentor which can help you get started , this is a good business to get into. Try the world largest Real Estate company Remax. Lots of training. Good luck.
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