Title : Property Investing-Last man standing ( Part 1 of 12 )
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The other day, a dear friend treated me to a nice slice of cake at Starbucks. While enjoying it, I had a sudden revelation. That to be successful in property investing is just like baking a cake.
You see, the ingredients you put into the cake determines how tasty the cake will be. However, of what use is taste without form? Will a delicious cake be memorable if it looks like a piece of shhhh....err.....or should I say, looks ugly?
Hence the baker is important as well. Next is the oven you used in making the cake. Imagine you used a lousy oven with the wrong temperature, will the cake turn out well? Most certainly not.
You see, out of all these factors, the real determinant is the baker. If you have a resourceful and skillful baker, the cake will still turn out acceptable despite all the shortcomings you throw at her.
However, if the baker is a lame idiotic guniang, no amount of preconceived factors will create a masterpiece.
In property investing, the same logic applies in the following order with incremental importance:
1) Ingredients = the property itself! the developer, the location, the architect, the materials and so on, all the micro factors.
2) Oven = the external environment that the investment existed within, all the macro factors.
3) The baker is non other than the government or the policy makers.
4) The last one which is the most important of all is of course yourself, the taster or the investor.
You know, how you eat the cake will finally determine your final fate in investment : eat until become fat fat or lau sai untill become skinny skinny.
Be wise, and I shall show u how.
( To be continued)