3 Steps to Create a Million-Dollar Portfolio

Invest systematically with these three simple practices from a real estate millionaire

Photo by Anastase Maragos on Unsplash

Faizul Ridzuan was a 9-to-5 employee who started his property investment journey with a capital of only $2,000 had approximately $5,000,000 portfolio by the age of 29.

In his book, he shared that some people suspected him of having external funding and that he was born in a wealthy family. He shared about three practical practices through his real-life experiences on how to create a million-dollar portfolio.

1. Find the Right Property to Invest

Faizul advises us to do our research and be diligent. Doing your homework pays off and saves you unnecessary time and costs.

3 Simple Actions to Secure a Property

• Take time to window shop. Explore your options to reduce the chances of making mistakes when investing. The more properties you look at, the better choice of finding the right one. Follow the 100:10:1 ratio: “Complete 100 viewings, make an informal offer to 10, and then buy only one!”
• Practice this recommended general rule. Check prices for the past one year to gauge the transacted prices, to avoid overpaying for a property…