A financial and real estate expert recently mentioned that there is an American real estate investor, John. Jacob Astor and Songsakdi use Land Banking long-term investment strategy to focus on high potential suburban land successfully Become a billionaire real estate tycoon.
Looking back at Cambodia is also a country where the land sector has great potential today, so he believes that you and In particular, young people can use this strategy to be able to retire by working only 15 years.
"Suppose you are 25 years old and you save $ 500 a month or $ 6,000 a month," Nget Chou said. Every year to invest in land with a 20% increase in value per year, 15 years later (when you are 40 years old) you Can have assets of about half a million dollars. Half a million dollars is not much, but you can retire if you know how to live a simple life (ie "Low cost) and know how to manage those assets to continue to increase income or as additional assets."
He said that the above example is just a simple case, obviously, if you are a person who has the patience to save or use resources. From a bank and very smart to invest in 15 years, you can save millions of dollars through real estate banking . To achieve the above results, you should implement the following 4 steps:
The first step is building skills: you need to learn about investing and how to do land banking from an experienced person. Legal, marketing and other skills such as negotiation, etc. In particular, you should have a person with practical experience as a mentor to help guide and advise you. .
The second step is to plan your investment: 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?
The third step is wealth accumulation: you begin to study the investment options according to the planned 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. Construction of houses and factories, etc. Population growth is starting to pick up, demand for land is getting stronger and prices are going up accordingly.
The fourth step is wealth distribution: about 15 years later, you will reap the benefits of investing in a real estate bank. Vision. You can sell some land to generate monthly income or sell some land to invest in warehouse or building for rent Or invest in companies, take an annual dividend to feed your 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 retained as an asset increase.
He stressed that the above sharing is the result of practical implementation, research and analysis in the context of the market and Cambodia's economy.
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