What is a real estate bank and how to implement it to invest profitably?
December 21, 2020
Phnom Penh: What is Land Bank for sure? And what kind of investment methods should be available to make a profit? And be successful, have free cash and be able to retire for 15 years.
Nget Chou, an economist and real estate analyst, said that US real estate investors John Jacob Astor and Songsakdi used the "Land Banking" strategy. In the long run, focusing on high potential land in the suburbs has succeeded in becoming a billionaire real estate billionaire.
"Cambodia is also a country with a lot of potential in the land sector, so I believe that you, especially the youth, can use this strategy to be able to Retire only 15 years. ”
He gave the example that if you are 25 years old and you save $ 500 per month or $ 6,000 per year to invest in Land with a 20% increase in value per year, 15 years later (when you are 40) you can have about half a million dollars in assets.
Half a million dollars is not much, but you can retire if you know how to live a simple life (that is, spend less) and know Manage those assets to continue to increase revenue or as additional assets.
The above example is just a simple case, obviously if you are a person who is patient, good at saving or using capital sources from the bank and is smart. Very smart to invest in 15 years, you can save millions of dollars through real estate banks.
To achieve the above results, you should implement these 4 steps:
Building skills: You need to learn about investing and how to do land banking from experienced individuals, find out about legal, marketing and other skills. Such as negotiation, etc. In particular, you should have a person with practical experience as a mentor to help orient and advise you.
Second, investment planning: You need to use your long-term time effectively. How much land will you invest in each year? How much land? In what area? How much is the investment capital? Where do you get the capital from? What percentage of your salary is increased each year to increase your investment potential?
Third, wealth accumulation, you begin to study investment options according to the plan. Every year you follow a plan and have some flexibility depending on the actual situation. Then you wait to see the evolution through economic growth and the construction of infrastructure such as roads, water, electricity, housing and factories. Etc. Population growth is starting to pick up, demand for land is getting stronger and prices are going up accordingly.
Fourth, wealth distribution: About 15 years later, you are reaping the rewards of investing in a visionary land bank. You can sell some land to generate monthly income or sell some land to invest in a warehouse or building for rent or investment In the company, the director of the annual dividend to feed the family and enjoy a life of financial freedom.
These investment activities are all contributing to the development of the national economy. Some land that still has the potential to increase in value should continue to be kept as an asset increase.
Mr. Nget Chou stated that the above article is the result of practical implementation, study, research and analysis in the context of the Cambodian market and economy.
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