Thursday 26 April 2018

To Achieve Momentum Through Small Cumulative Success!!

Hello I'm Thinking Of Committing Property Agent As My Part Time Career. Anybody Can Give Me Some Advise?

Posted by Priscilla Chia - 2018-03-25 11:12:00 - Viewed 47 times

Answers (4)

Mervin Tang 
APHO.97019746.V60B
Posted 2018-04-27 14:25:04


Hi Priscilla, 

Good afternoon and well noted on your commitment to the real estate industry.

On a part-time or full time basis in this industry, my key piece of advise to you would be to derive a positive result ASAP! 

In any business or project, the key to long term success is momentum, in this case I would advise to quickly achieve any means of short term success while always keeping your eye on the horizon of establishing yourself as a credible brand in the long term.

Momentum in this case would be to move on areas that you have existing leads, or friends, family, colleagues who are keen to buy, sell, lease or rent properties and start there. These are the lower cost alternatives VS launching out into an all out advertising campaign to bring in fresh leads (of course this is the long term expansion plan to grow the business).

The "path of least resistance" course would be determined by which current leads you would have at that point in time, thus do reach out for more directions/instructions on how to handle these prospects and convert them into sales.

Good luck!

-- 
Best Regards,

Mervin Tang
Huttons Asia Pte Ltd
Associate District Director (ADD) @ KLG
CEA Reg No. : R030951Z

Mobile: (65) 9184 0208 
Website: http://thepropertygame.push.sg/
Sales Enquiry: mervintang.huttons@gmail.com
Career Discussions: http://sg-realestate-sg.blogspot.com/ 
Testimonials: http://sg-realestate-sg.blogspot.sg/p/testimonials.html
North East Line GTA: http://nelpropertychampions.blogspot.sg/

Leveraging & Capital Gain in Real Estate Investment

Hi, Can Anyone Share W Me What Is The Pros Of Investing In Residential Ppty For Rental As Compared To Say Placing The Funds In The Sti Etf, Other Than Using Leverage To Grow Ur Assets, Or The Can Touch, Can Feel Factor, Or To Hao Lian To Relatives During Cny? So Far I Dont Find Rental Yield Of Pte Ppty Attractive Enough For Me To Consider Plonking My Moolah In.. 1) First N Foremost, Ppty Is Illiquid Compared To Say Sti Etf 2) It Is Also Less Diversified Than Say A World Index Fund.. 2) Double Taxation Of 10% For Ppty Tax And Another 10% (Roughly) For Income Tax (Anyone Who Can Afford A 2nd Ppty Probably Earns Upwards Of 100k Pa). And Nt To Mention Half A Mth Of Agent Comm For 1yr Lease, And Maintenance And Sinking Fees Upwards Of 3k Pa Minmally. I Reckon These 4 Factors Can Easily Eat Up To 30 To 35% Of Rental Income.. 3) Assuming A 3.5% Rental Yield, I Will Be Lucky To Get 2.5% Returns Back. In Contrast, Blue Chips Can Easily Get Me 4 To 5% Returns..

Posted by Anonymous - 2018-04-03 14:05:00 - Viewed 59 times

Answers (3)

Mervin Tang 
APHO.97019746.V60B
Posted 2018-04-27 13:41:10


Dear Sir, 

Thank you for your query on the comparison between real estate and more liquidity based investments like stocks and shares, ETFs and blue chips.

Off hand, yes your analysis is correct if you take away 2 key aspects in real estate:

1. Leveraging, which means that you multiply your capital gain by a factor of 5 if you are on a 80% loan.

2. Time horizon. Time horizon is pertinent as rightly put, blue chips yield a 4-5% year to year return.

Real estate on the other hand, if you track back the historical data on price movements, the compounded yearly effect would be much higher than the blue chip return of 4-5%. There are home owners out there in the market that think of real estate investments over multiple lifetimes whereby their decedents ultimately take over the ownership and accumulate the assets for succeeding generations. 

All this is achieved primarily though real estate holdings.

I trust the above would balance out your opinions on real estate as an investment vehicle.

Thank you.

-- 
Best Regards,


Mervin Tang
Huttons Asia Pte Ltd
Associate District Director (ADD) @ KLG
CEA Reg No. : R030951Z

Mobile: (65) 9184 0208 
Website: http://thepropertygame.push.sg/
Sales Enquiry: mervintang.huttons@gmail.com
Career Discussions: http://sg-realestate-sg.blogspot.com/ 
Testimonials: http://sg-realestate-sg.blogspot.sg/p/testimonials.html
North East Line GTA: http://nelpropertychampions.blogspot.sg/

Reaping The Rewards Of A Successful RES Career First And Foremost Through A DEVOTED Career Choice

Hi, Are There People Who Does Part Time Real Estate Saleperson While Still Working Full Time For Other Company? I Thought Of Becoming A Part Time RES First To Have Abit Of Insight, Then Will Consider To Leap Into RES Full Time If All Is Well. Any Advices? Thanks In Advance

Posted by Anonymous - 2018-03-27 12:17:24 - Viewed 103 times

Answers (6)

Mervin Tang 
APHO.97019746.V60B
Posted 2018-04-27 13:23:52


Good afternoon, 

Thank you for your query into exploring the real estate industry on a part-time basis before making the transition in on a full time basis.

Much has been said about the perks of being a realtor. 

First and foremost, IF you do your job right, the money is great and effective. (You hardly find anyone skiving or taking long lunch breaks in this industry)
Secondly, there is time management that allows you to build your business around your lifestyle instead of being limited to a 9-5 environment. Of course doing your shopping on weekdays where there is no crowd is always a winner.

On the flip side, there are the expectations of the clients. Again first and foremost is trust.

Realtors manage very high value assets, in many cases, these are your client's life savings, hard won with blood and sweat, and these are placed in trust with you to best advise and execute their plans on. For this, clients look for realtors who are devoted to their craft. Something akin to a specialist doctor who has spent many years to learn and practice their skills.

Why is all this relevant to your question?

The answer is that it is very hard to achieve a devotion to your chosen career on a "part-time"
basis because the nature of "devotion", is a "all-or-nothing" approach to building your personal brand. Hence, yes, you may start out on a part time basis, but bear in mind that the fruits of success can only be reaped much later on when you sink your roots and powerfully choose real estate as your primary and ONLY business path.

Thank you.

Best Regards,

Mervin Tang
Huttons Asia Pte Ltd
Associate District Director (ADD) @ KLG
CEA Reg No. : R030951Z

Mobile: (65) 9184 0208 
Website: http://thepropertygame.push.sg/
Sales Enquiry: mervintang.huttons@gmail.com
Career Discussions: http://sg-realestate-sg.blogspot.com/ 
Testimonials: http://sg-realestate-sg.blogspot.sg/p/testimonials.html
North East Line GTA: http://nelpropertychampions.blogspot.sg/

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