I just got a comment from a reader that one of the well-known property millionaire in the real-estate industry is involve in scam business. With a mixed feeling of getting a shock and curiosity, I when to drill down into the internet for information and photos, and there is a lot of information circling around~
The involved business is called ”WaterDrop”, or “Mat Kiosk” or “Smart Kiosk”, a Vending Machine business that runs in a MLM scheme. The fraud was revealed by Persatuan Pengguna Islam Malaysia (PPIM) after collecting a year of evidence and information from about 1,600 individuals who were victims of the scheme, which involve 100 of millions.
The information I get to are mostly dated 3-5 years ago started from 2007 – 2011. Where lots of complains has been circling around the corner, giving warning to this business and the nearest information i got was dated 08-10-2011 from PPIM where the director has been hand-cuffed finally!
I drilled down into a few pictures, which doesn’t looks like ‘him’ on first sight~ so i just lay down all these photos for you to judge and compare if that is him ~
Milan Doshi did not come from Milan. (lame! ). 19 properties in Malaysia. 1 property in Singapore. Properties worth more than RM22 million. He achieved his passive income of RM15000 to RM20000 within the first 5 years where most income generates from commercial properties.
“The more you borrow, the richer you get.”
- Milan Doshi
“Good deals will always be there, whether the market is up or down. Question is are you ready when the good deal comes. When I say are you ready, are you mentally, emotionally and financially prepared”
- Milan Doshi, on starproperty interview.
Milan Doshi is a person that focused on personal developments, he emphasize on investing in oneself, getting the knowledge, learn from a mentor, network with like-minded people, and must always have a “win-win” mindset.
His first book: “How You Can Get RICH from the Property and Stock Markets: What the RICH Invest In and How YOU Can Do the Same!” This book was the Number 1 bestseller on the Non-Fiction Section of Popular Bookshops for the month of August 2004. Milan wrote his second book called “How You Can Become a Multi Millionaire Real Estate Investor ” Milan’s mission is to Inspire People to Improve Their Financial Intelligence and Achieve their Full Potential.
Gavin Tee, Founder of Swhengtee International Real Estate Investor Club. He has more than 20 years of experience in property & retail marketing from both the United States & Malaysian markets. A professional trainer himself for the Continuing Education Program (CEP) of the KLSE Directors’ Training Program.
Surprisingly, his investor club was just established a year ago on may 2010. Same as Michael Tan, they form a group and have group purchase on development projects and so far their group have reached a total investments value of RM200 million. It seems his club does NOT only involve in group purchase, but also managing and taking control of the property themselves to maximized the profit. By the way, Not everyone can join his club, membership is by referral or invitation only.
Continue with the listing of Property Millionaires in Malaysia from the previous post.
Profile 3: Renesial Leong (a.k.a Property Queen)
Property Queen, No one dares to address him or herself as the king or queen unless he/she has an extraordinary capabilities. According to her site, Leong has 20 years of experience in property investment, successfully owned 89 properties and analyzed over 3,500 units of property throughout her investment career. She is also currently earning a 6-figure PASSIVE income. OK, with this astounding figures, she deserves to be called the queen.
She might be the first few early property investor that was featured on the press. ‘Your Tenants, Your Jewels‘ and ‘Property Jewels‘ may have sound familiar to you as these were her best selling books in MPH, Popular, Kinokuniya, and Times Bookstores nationwide, and ’Property Jewels’ was billed as the ‘First Malaysian Property Investment guidebook‘.
“I can think of two major factors why women should invest in property. The first being that more so than ever today women want and need to be financially independent. And the second is that women have so many roles to play, as wife, mother, at the workplace and etc. and hence time is almost always an issue juggling these various roles.” quoted under her interview with iProperty.
Come to think of it, property investment is not just a men game. it is just that the field is dominated by male populations. She is one of the role model for Ladies to venture into property investment and get rich with it.
Does this guy looks familiar to you? I bet you have seen his portrait in some books stores. Yes, he is Azizi Ali the famous millionaire coach. Although Azizi Ali is famous among the Malay groups, but I think he is a hardworking and knowledgeable role model for everyone. There is a saying in chinese, “Shu Zhong Zi You Huang Jing Wu 书中自有黄金屋”, means “There is a golden house in every book”, Azizi Ali is a voracious reader, he reads three books in a week! my goodness! He is now also a columnist with Malaysian Business, Personal Money and The Star Property.
Azizi Ali was not entirely a property millionaire. His main focus was on his business. but property do made him millions too. His first investment was condominium. His formula is for rental. He sold most of his properties during 2010 and made aprox. RM6mil. He wrote an article on which regarding on property bubbles, “The U.S. property crash – could it happen here?“, which it is an insightful articles that we should take aware off.
you will need to do your homework when investing in properties. This will include reading books, magazines, articles, observing and yes, learning from the experts. Of course, this will require time, effort and yes, even money. But all that effort is peanuts compared to the reward that awaits you. – Azizi Ali
Reading this guys profile, makes me wanna read more books from now.
There are 3 books that Azizi Ali written regarding on properties that you could pick up in the local bookstores, “How to Become a Property Millionaire”, “How to Become a Millionaire Landlord” and “Winning at Property Auctions”.
You may have heard that many made millions from properties or real estates. They may even have ride through the rough time with their real estate investment strategy during the financial crisis. How did they did it? Who are these people? What are their trade secrets? Curiosity has really pinch my nerves down to look out for these legendary millionaires in Malaysia. Wandering through the internet, the followings are the few that I found.
Profile No1: Dr. Peter Yee
Image from TheStar.com.my
From a teacher to management training consultant, then became a remiser, than move on to be a restaurant owner, switching jobs and roles hasn’t really satisfied him. Until he found his success in life in becoming a full time real estate/ property investor that made him millions and financially freedom.
His success has made him famous and various media has been introducing his stories. Appearing many time in the magazine ”Personal Money”, “theStar” and “Nanyang” newspapers, until radio interviews from BFM, Dr. Peter Yee is some real deal here. He has so far bought 14 properties, including terraced houses, bungalows and shop offices. Rental income and the sale of six properties have earned him profits of more than RM1mil.
“Property investors must leverage on the property market cycle, which follows closely the economic cycle. Buy on the upcycle and sell on the way down”. With 20 years of experience, I bet he can tell the cycles.
Peter also shares his trade secrets from his own seminars that offers 1 year free coaching. For whom that are interested with his top secrets, you can follow balancelifesuccess.com for more information.
to listen to his interview on BFM, click the following:
A professional engineer that venture into businesses and fail them all and nearly got into a bankruptcy has now own 12 properties which worth a RM2.9Mil. THE PROPERTY MILLIONAIRE CHALLENGE conducted by Tan himself, has taught more than 220 students within 8 months and has helped them purchase properties worth more than RM8.07million.
From some reading on the internet, Tan together with his apprentices, and a group of professionals such as lawyers, real estate agents and investors, they form a group to negotiate with developers to gain group buy advantages.
To gain access to his talks and to become his apprentices, go to FREEMEN for more information. The following is Tan’s BFM interview on Property Millionaire Challenge, click the following: