Property Hunter Magazine Property Hunter Magazine Issue 51 - February 2014 | Page 53

Learning from the right people or so call gurus who are expert in their respective industry is a must. For those of you who are especially new in Property Investment I encourage you to start the new year and learn from the 4 experts above before buying your properties. Property Expert If you want to know What, Where, When and How to buy? learn for a property expert. You must select the right Property Expert. The experience of the expert, the knowledge that he/she has in the subject matter and ultimately the person should have a healthy portfolio of properties Mortgage Expert Your purchase of property will never be complete if you could not borrow from the bank to fund your purchase. Here is where the mortgage expert will come in handy as he will be able to assist you and increase your chance in loan approval as getting a loan from the bank is getting more and more difficult by the day. As I always mention in my seminar, you need to plan for your mortgage approval. It is still possible to borrow from the banks but you must learn how the banks approve a loan to have a better chance. You will need to plan properly before submitting your loans to the banks. Taxation Expert Well, one of the ways to maximize your profit in property investment is through savings from Property Gains Tax. There are many ways that you can use effectively to maximize your profit and minimize your tax payable. In 2014, the property taxation landscape will change as the there will be increment since Jan 1st 2014 onwards. As such your strategy will also have to change. Legal Expert The last and also as important as the first 3 will be a lawyer. You will need this person to ensure that the documents that you sign are all in proper and protecting your interest. If you want to be a savvy property investor, instead of only depending on your lawyer’s advice it is also good to learn the legal aspects and also your rights as a property purchaser. These 4 pillars are the most important elements in property investment. You must learn from the experts and prepare yourself before embarking into property investment in order to minimize your risks and maximize your returns. www.PropertyHunter.com.my 53