Houses For Sale Or Rent – Some Prime Considerations

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If you are new to real estate investments then you might have questions regarding how to properly invest in order to maximize your returns. We have been in the property investment business for more than 12 years here in Des Moines, Iowa, and so we are in a good position to help you make your very first investment that may yield handsome returns for you.

Picture of house for sale

Looking for houses for sale in Malaysia can be tricky – and that’s why you need our help!

Despite the current doom and gloom surrounding the real estate, there are some good opportunities provided that one looks hard enough for them! For starters, we have stopped advising our clients to buy properties in US – simply because the opportunities outside the country are more attractive – at least from a Return-On-Investment (ROI) point of view. In this short article I will be sharing with you some overlooked opportunities which you should consider if you want to make the most amount of money in the shortest time possible. Read on…

Looking East – Some Real Estate Investment Opportunities Under The Radar

For the past few years I have been advising my private clients to look out for good properties to buy in Malaysia. This serene country of 25 million people is one of the places where the real estate sector has been booming up in the recent years. Relative political stability has pretty much contributed to this. Prime locations in Malaysia for real estate investing are the Kuala Lumpur City Center (KLCC) area – home to the famous Petronas Twin Towers, Bangsar, Subang Jaya and Puchong. You should be looking for houses for sale in these areas where the upside for property value appreciation is high. Many of my clients have reported good earnings from their investments in Malaysia. We believe this trend will continue for at least the next 5-10 years, if not longer.

Motivation

Our realtors and brokers are highly motivated to help you make the right investment!

We regularly monitor the Malaysian market in order to spot opportunities and monitor the property prices. Some of these resources are homesforsale.com.my, i Property Website and metrosherpa.com.my/blog. Local expertise cannot be understated when it comes to real estate investing – particularly in the international markets. Because of this, we have forged alliances with local experts, realtors and brokers in order to keep our ear on the ground and look out for new developments. We have also represented some big brands that you may have heard of at some point.

If you want to find out more how you can go international (and particularly to places like Malaysia to invest your hard-earned monies) then drop us a line here and we will be able to help you. We also have a number of free reports which we can send to you on these topics:-

  • How To Invest In Malaysia Real Estate
  • Property Scams – What You Need To Know
  • 1,001 Real Estate Brokers And Realtors Directory (Updated For 2012)

In my next blog article, I will share with you a special link that will spin your head right round.

Article contributed by: Russell Lee, senior real estate broker at Iowa Property Consultants, LLC. Russell specializes in international real estate, particularly in Malaysia, Singapore and Thailand.

2014 – Here’s To A Great Year!

I’ll freely admit it – we have had a bad 2013. Revenues were down by 14% due to the slowdown in the Malaysia property market, and it only made worse with the Budget 2014 curbing measures in the form of increase in Real Property Gains Tax (RPGT) which effectively doubled.

We are still bullish about Malaysia real estate though. Volume of transactions is set to reduce in 2014, but we will be concentrating in high value areas such as KLCC, Setapak and Segambut (Mont Kiara and North Kiara). We have a healthy inventory:-

  • Concerto North Kiara
  • One Menerung
  • Ken Bangsar
  • Casa Vista
  • Villa Mont Kiara

Here’s to a spanking 2014!

Simple Ways to Invest in Property

Real estate is known to be great way to make passive income, whether you decide to invest in an individual or commercial property. Once you buy the necessary property, you can then sit back and wait for your tenants to pay the rental income every month. If you have been investing in properties for quite a while now, though, you should know that this isn’t actually as easy as it looks or sounds. Want to get a quick inspiration? Watch this video from the master himself– Robert Kiyosaki. He gives us six steps on how to invest on real estate propety. Here’s the vid– watch and learn.

Robert Kiyosaki’s Six Steps to Real Estate Investment

Investing in property isn’t just about finding the ideal place that your family can call home or reading about tips on how to do so. You have to learn about all of the different ways, in which you can invest in real estate, as well. Here they are for your perusal:

 Rental

After buying a house, you have the option to rent it out to a tenant. Since you are still the landlord of the place, though, it would be your full responsibility to take care of paying the mortgage, the taxes and any other costs that will need to be paid for the property’s overall maintenance. As such, it would be important for you to set a rental fee that is enough to cover these maintenance costs.

If you want to gain some profit every month, you can charge a bit more, as well. However, it would be ideal to be patient and just charge the minimal cost to your tenants to cover the expenses until the outstanding mortgage is completely paid off. After that, you can then reap the most profits from the rent as you can.

Investment Groups

If becoming a landlord isn’t exactly a part of your goals, but you are still interested in owning a rental property anyway, then an investment group might work well for you. There are a lot of investment groups in Kuala Lumpur, so I’m sure you’d be able to find one. They can help you decide if it’s finally time to invest on this very nice apartment in Mont Kiara, or wait just a little longer. :D

Some companies tend to construct or buy residential units to sell to investors through their company. In these cases, the companies will still be in charge of each unit’s maintenance, including the advertising and scouting for tenants. The regular kinds of investment groups list these lists under the names of the investors and then take a portion of the rent every month in exchange for the unit or the building’s overall management.

Trading

Also called “hold and buy” or property flipping, some traders will purchase properties and then hold onto them until the market shows good potential for the property. Although this cash investment is very lucrative for the short term, it could fail, as well, if a flipper isn’t able to unload the property when the market turns in the end.

Overall, you can’t expect to succeed in real estate investing without putting any hard work into it. However, with enough effort and time in setting up a property, you could end up having a smooth and easy ride when it comes to your renting business. Naturally, it would help to get an experienced investor help you out in coming up with a good investment plan, as well, so that you can avoid the numerous mistakes that other people tend to make in the world of real estate investments.

What We Like About Modern Living

Malaysia has been bringing it to the table for the past few years now– economy is developing, tourism is off the charts, and the real estate industry booming. These are only a few reasons as to why I’m asking everyone to set their sights on Malaysia and try to invest on a property(or three.. why not?) :D

So the latest in the string of condominiums in the Mont Kiara area is Kiara Designer Suites. What we like about the condominium is its dedication to modern living– I mean come on. Who wouldn’t like to indulge on a few luxuries every now and then? It seems like it’s the perfect choice for expats who enjoy all the convenience this world has to offer. If you are planning on going to Kuala Lumpur, here’s a very helpful article on how to look for your future ideal apartment.

Interested in more updates on Malaysian real estate such as this? The Action! Real Estate Blog is going to help you out. Check back next week!

Networking Power!

QUICK UPDATE: Remember our Malaysian green card holder who sought our services last month? For those of you who missed it, go ahead and click here.

It seems that the universe wants me to go to Asia once again(third time for business) after I spoke with Mr. Noriman Cheng– he eventually referred me to an associate of his in Malaysia for a potential business opportunity. It would involve consultations, branching out, and other golden real estate opportunities on the other side of the world. I’d also review economic factors and  the Malaysian property market, which I’m really great at. I have no complaints.

One task I will be looking over would be property appraising and reviews. Read this if you want to know what it means. Pretty excited to bring what I got to the (Asian) table, it’s good to be going back there again.

Update you more on this as time progresses, the next time you’ll hear from me I’ll be sporting a tan :D

ANOTHER QUICK UPDATE: Mr Cheng was able to sell his house. He sent me a bottle of champagne as a token of his gratitude.

I Want to Sell My House But I Have an Outstanding Mortgage!

Hello readers, Chester here back in action. Pardon the delay in writing stuff in here for a long time, things have been pretty hectic here at the office that it gets crazy.

About a month ago our Iowa office was paid a visit by a Malaysian green card holder who was asking for our advice. After our long chit-chat I found out that he is a bigtime businessman in Kuala Lumpur and has invested in a lot of condominiums(his raves about The Troika are tempting me to hop on the next plane to Malaysia and get one unit immediately).. Okay, going out of context. So.. I found out that he wants to sell his Des Moine house but his concerns center around the fact that he has an outstanding mortgage. His problem is really common– so I realized it’s best to write about it here so that many of you who face the same problem will get some answers.

It’s Okay to Sell Your House.

There are many reasons why we would have to go out to measures as extreme as selling our homes. It could either be because the home has lost its market value or because we could not possibly pay off the monthly amortization or clear off the debt any longer. Or for whatever reason of selling a house, the outstanding mortgage on it will make it impossible.

Steps

The first thing to do in this situation is go to your money lender and discuss your options. No current mortgage plans anywhere would allow you to sell your house and because the lender is the only person who has the power to adjust it, it would only be logical for you to go and talk to them about it.

So suppose your lender allows you to sell the house, what do you do? That depends on how much the house will sell, how you can increase its market appraisal, and how much capacity you have to pay off the remaining loan.

Selling, Short Sales, and Foreclosure

Selling your house at an amount that can possibly pay off the remaining amount in your loan is ideal and quite frankly, rare. Selling the house at a price that can pay off your remaining loan and get a little extra will require you to pay your capital gains tax. But these are far too ideal and does not come off without a hitch or big investment on upping your house’s current market value.

Commonly, homeowners with a lot of extra money sell the house even at a price that could not erase the loan altogether. Because they can, they simply pay off the remaining balance with their own money and just move on to their next house or hunt for their next apartment.

But that’s not always the case. That’s why there is such a thing as a short sale. A short sale is when the lender allows you, the homeowner, to sell the house at an amount that’s lower than the remaining amount on the mortgage loan. This happens when the lender understands that the real estate market is in itself less than ideal. Over foreclosures, lenders prefer short sales because they can still try to get as close to their ideal price (which is close to the remaining balance on the mortgage). In foreclosures, they have less control on the amount because foreclosed properties end up in auction.

Learned a lot? Let The Action! Real Estate Blog educate you further. Check back next time :)

- C

Is The Malaysia Property Market Cooling Down?

Now that 2013 is here, property buyers and sellers in Malaysia are wondering if the ever increasing prices of Malaysia property is going to flatten soon. Some places like the KLCC enclave have already been flattening out for about two years, and transacted prices of luxury condominiums like Troika and Binjai On The Park are somewhat on the decline. This is good news for some of us who are looking to invest in a piece of property in the middle of Kuala Lumpur.

If you are looking to rent or buy houses outside the city, or if you are apartment hunting then you might discover that the prices might still be sky high this coming year. Neighboring Singapore is already taking the steps to cool down the property market, and it is quite likely for the Malaysia government to take similar steps. Brace yourselves…

Meanwhile, the property market in Iowa is still quiet, but there are pockets of opportunity in Des Moines especially in the industrial and commercial real estate. Get in touch with us if you want to get started in commercial property investments.

The Most Important Aspects Of A Man’s Life

Hello, Russell here again, blogging for Iowa Property Consultants LLC. I have spent the weekend away at my favorite place on the face of the earth – Santorini, Greece. While I was there, I could not help but to wonder about my own priorities, and how they have changed over the years – surprisingly, very little!

While I was alone pondering about life (and occasionally, Iowa real estate as well as some selected properties in Malaysia where my girlfriend is currently is in), I made a couple of notes which I am going to share with you here. Read it, digest it, and let me know what you think of it.

Aspect #1: Finances

As they say, money makes the world go round. I like making money from investing in real estate. I like tangibles, which means that I avoid anything which is “virtual”, like Facebook’s stock. Groupon is another no-no for me. Virtual real estate, in my opinion, is a sham. I’d rather go and invest all my money on land and property. With a solid financial foundation, the world is my oyster! My girlfriend is now at a nice, plush condo overlooking KLCC, and she is loving it. If you have got the time and money, do look out for property for sale in Malaysia which is always excellent investment.

Aspect #2: Love and Relationships

When you have got your finances sorted out, then your love life should fall into place as well. But for most guys they seem to struggle mightily when it comes to love and dating. I am truly not surprised because I was once in their shoes. I know how it feels to be rejected by women again and again. But once I mastered the art of seduction then all my relationships with women (yes, WOMEN) improved a lot – no joke. If you want some really hardcore tips and techniques on attracting women then click here for a good article on seduction. Everything I know about attracting women is from this website – http://seductionfaq.com/blog. It’s awesome.

Now the Internet is a good starting place, and if you want good resources on dating advice for men then check out http://fractionationseduction.net – it’s my favorite site by far, and it contains some pretty advanced stuff on dating techniques based on this concept called the “female psychology loophole”. Try it.

Aspect #3: Health

Now if you look like Charles Bronson then I won’t blame you if you have super low self esteem. Fat guys don’t get laid, unless you are Dr Dre, Fat Joe or Rick Ross. It’s probably harder to be a popular hip hop artiste than to lose weight. So get off your butt and go to the gym. You will look goofy running on the treadmill if you have got a 42 inch belly. But suck it up. You are fat because you ate like a pig, so face the music.

In my own evaluation, money making (through property investment) is the most important, because once I made enough money women will be attracted to me automatically, and then I will get home cooked food from my girlfriends which will then reduce my waistline.

Apartment Hunting – Some Awesome Tips You Can Use On Looking For Your Ideal Apartment

I am a big fan of Pad Mapper (http://padmapper.com) – but recently they have been having problems after getting sent a cease and desist letter from Craigslist for scraping their data. That is too bad, really. I really like map-based search tools, because as they say, real estate is all about location.

Picture for tips on apartment hunting

Looking for apartments? Get in touch with your real estate agent or search property portals online!

Recently I have started to look for a new apartment – my guitar collection has increased in size and now I need TWO rooms just to fit all my gear in. Yes, my brand new Gibson SG is pretty sweet. It also comes with a nice 100W tube amplifier. But I digress…

Calling Sara, My Real Estate Broker

So I called up my real estate agent and she told me that she would shortlist a number of properties which I can look at by the weekend. I became impatient, and I went to Google to search for houses and apartments for sale just to see what are available online as far as good properties are concerned. I have never liked the idea that realtors seem to monopolize all the data when it comes to real estate transactions but I guess that’s just me…

From my experience apartment hunting there are some important pointers that you need to bear in mind:-

  • Always start with location. I have some Iowa real estate enthusiasts and friends who insist on living right in the middle of the city (Des Moines), and some who wanted to hole up in some barn. You pick your poison.
  • It helps if you have got a nice and helpful real estate broker who has got your interest in mind, and not somebody who is just out there to milk you dry.
  • Have a budget. If you have the money to invest in a piece of prime real estate, then go for it!