Property investment

a lot of ppl told me that to have early retirement, investment in property market from now, then my wish will come true.

at the beginning, i dun really believe in it. after a few months looking at examples, i started to believe. rich ppl get richer and poor one remains poor... know why? it is basically because those rich one get their money roll and roll and roll many times! for example, when a rich guy place booking for a property under-construction, its SPA price could be at RM1.0 mil. Upon completion, if the property located at prime area, its fair market value could shoot up to RM2-3 mil! if this guy doesnt want to sell this property, he could rent it out for rental. at the same time, he could seek refinancing from banks which can offer higher margin of financing with the cheapest interest rate in town. with the current competitiveness in the market, he can easily get a loan approved, which can also offer him cash-out money for other investment. this is where his excess money come from and increase in his networth!

i just visited an apartment unit located in Nilai, which selling at RM80k ++. This can be considered as a good investment, and at the con side, it can be the worst investment too! why i say so? let's see, the strongest selling point of this apartment is its location. it is located just opposite Inti Internation College Nilai, which is just walking distance to class; the weakest point of this investment also because of this college. what if this college decided to move/shift to other location? what if the students take up rate here dropped? these are the uncertainty that i need to overcome/face if i take up this investment.

however, as everyone knows, high risk high return! i shall take this up, so that i get nearer to my wish: early retirement.