Property Hunter Magazine Property Hunter Magazine Issue 51 - February 2014 | Page 20

/// Contributor Ahyat Ishak Investment Expert Ahyat Ishak is the author of the bestseller “The Strategic Property Investor” book and the founder of “The Strategic Property Investment Model & Program”, which has helped many Malaysians create immense and sustainable wealth through property investment. He first began property investing for more than a decade ago and became a property millionaire before the age of 30, having started from humble beginnings. Through his experience and learning from many successful property millionaires, he has discovered the REAL Wealth Formula™ and has also trademarked his Strategic Property Investor Model™, which is the framework for his highly acclaimed workshops, seminars and talks. TOP 5 Academically, Ahyat Ishak has an IT Degree and MBA with the University of Southern Queensland (USQ), Australia, specializing in Strategic Marketing. He also holds the CPT or Certified Professional Trainers with IPMA, UK. Professionally, he is an entrepreneur and is the executive director of his family’s group of companies, which he 1st joined in the 90’s. This group has businesses ranging from services, technology, trading, food, agriculture and property investment. he Strategic Property Investor today needs to drill through the fallacies or myth of property investment. Sometimes we hear too much of common adage or common wisdom and just accept it without really understanding if they are true or just a misconception. You get senior investors passing such wisdom to junior investors. You hear an investor passing such wisdom to another fellow investor in networking sessions. And sometimes, we do not take the trouble to really investigate if they are indeed wisdom or just misconceptions. Lets visit some of my top 5 great fallacies in property investment of all time! Gravest Fallacies in Property Investment T Website: www.ahyat.com YouTube channel: AhyatPropertyTV #1 While the author makes reasonable efforts to present information which he believes to be reliable, the author makes no representation that the information or opinions contained in this article is accurate and complete. Readers are advised to seek specific professional advice before acting on the views. 20 www.PropertyHunter.com.my Property is an Asset How many of you have been told this great fallacy when you were growing up? It’s as though everyone had parents that went for the same property investment class and was told, “Property is an asset”. Are properties always an asset? The answer is NO! And when something is not an asset, what is it? It becomes a liability! In simple terms, an asset is like the superhero that helps you win in the battle to create wealth and liability is like the villain that exists to ruin your world! So when does a property NOT become your asset? Well for starters, lets understand how properties IS your asset. For me, I only invest in IGA’s or income generating assets. If that property does not give me income, I don’t consider it investment-grade and not an asset that helps me create more wealth. So if my asset is not tenantable and not easily sold at a premium, it is the worst asset to hold; basically, it is your perfect villain or liability. So the next time someone tells you if a property is an asset, you know that that is not true all the time. Your goal as a strategic property investor is to understand when a property is an asset or a liability!