Do You Want To Retire As A Millionaire

Do You Want To Retire As A Millionaire?

If your answer is “Yes”, then you need to read Milan Doshi’s best selling book – How you can become a multi-millionaire real estate investor. Real estate investment has made more millionaires than any other investments combined.

This is the sure way to retire as a millionaire; provided you start young enough, may be by the age of 30 to start buying the first medium-cost apartment of RM 100,000 value and thereafter every 5 years ensuring all the properties purchased must generate zero to passive cash flow plus the potential for long-term appreciation. In order to achieve zero to positive cash flow, the rental income must be sufficient or more than enough to settle loan repayment and other charges.

In this illustration, you must commit to save at least RM 500 every month starting from the age of 25 and by the age of 30, you would have saved RM 30,000.00 enough to start buying the first property investment for the price of RM 100,000 with 80% bank loan. It is assuming that most people start work around the ages of 18-23 years; so that by the time they are 30 years old, they would have been able to save their first RM 30,000 to buy the 1st property.

Thereafter, they can easily save this amount every 5 years or even in less time as their income level goes up and most of them would be getting married and be having double income.

From the above property investment time chart, the 1st property would be purchased by the age of 30 and thereafter every 5 years at the age of 35, 40, 45, 50 and 55. You are able to purchase a minimum 6 properties from the age of 30 years old until retirement at the age of 60 if you follow the above plan put down in writing.

Properties 1, 2 and 3 will be fully paid up by the retirement age of 60. The rental income from each of these properties must be more than sufficient to pay the loan repayment and other miscellaneous charges in order to enjoy passive income.

Properties 4, 5 and 6 will be paid up too by getting a shorter loan period of 15 years, 10 years and 5 years tenure respectively, as the rental income from properties 1, 2 and 3 will generate passive income for loan repayment of properties 4, 5 and 6.

The combined appreciated value of all the 6 fully paid up properties will be a whopping above 1 million by the time you retire at the age of 60 years old; assuming the future value of all the 6 properties based on an appreciation of 5% per annum.

All the initial total down-payments for the above 6 properties from the age of 30 to 55 were RM 25,000 (20% down-payment + legal and other expenses for each properties) X 6 = RM 150,000

Therefore these had transformed the modest RM 150,000 down-payments from the age of 30 to 60, into 6 fully paid properties with an appreciated value of 1 million and above.

Assuming all the above 6 properties rented at RM 1000 per month after deducting all costs, you will have a passive income of RM 6,000 per month when you retire at the age of 61 years old to find a comfortable retirement for the rest of your life rather than living alone in the old folk home after spending all the EPF saving by the third year of retirement.