Confronting The Millionaire Property Investor Eric Chiew
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- Опубликовано: 19 июн 2024
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Eric's channel: / @savvyericchiew
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0:00 - Intro
0:31 - How did Eric save S$100k by 26
1:28 - How many properties Eric has now
2:04 - What is Eric’s biggest property investment mistake
3:26 - What is Eric’s most successful property investment story
4:29 - Won’t upgrading properties lock up even more money?
6:23 - Webull adread
8:36- Which property should a new couple go for
13:03 - What should Kelvin go for?
18:07 - Should we care about the resale value of our own-stay property
20:29 - How to evaluate property investments
24:11 - Why a good project needs to have tennis court
25:44 - Number one tip for someone looking to do first property investment
26:23 - What if the partner is too scared to do property investing
27:36 - How to negotiate and secure favorable property deals
30:14 - How does Eric stay up to date about property market trends?
31:32 - Is now a good time to look for properties?
33:10 - Is it important to do up renovation for investment properties
34:49 - Are industrials and commercial properties good investments
37:59 - Eric’s take on stock investments
39:08 - Thoughts on topping up S$8k to CPF every year
41:19 - How will Singapore aging population affect property price in the future
43:53 - Condo properties will be out of reach for normal Singaporeans in the future?
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Sponsor: Webull (exclusive rewards ✅) kvli.link/webull
Eric's channel:
/ @savvyericchiew
ROBOADVISORS
► Endowus (free $50) kvli.link/endowus
► Syfe kvli.link/syfe
► StashAway (50% off fees) kvli.link/stashaway
► AutoWealth (free $20) CODE "KelvinLearnsInvesting" kvli.link/autowealth
► UOBAM Invest kvli.link/uobaminvest
► Kristal.AI kvli.link/kristal
► DBS digiPortfolio: go.dbs.com/kelvinrdp
► OCBC RoboInvest CODE "SKVFQ"
CRYPTO
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► Crypto.com app (free $25) CODE "kelvinlearnsinvest" kvli.link/cryptoapp
► Crypto.com exchange CODE "kelvinlearnsinvest" kvli.link/cryptoexchange
► Coinhako (20% discount) kvli.link/coinhako
► Coinbase (free $10) kvli.link/coinbase
► Independent Reserve kvli.link/independentreserve
► Tokenize Xchange kvli.link/tokenize
► Ledger kvli.link/ledger
► Trezor kvli.link/trezor
RESEARCH
► Seeking Alpha (offer price) kvli.link/seekingalpha
► Simply Wall St kvli.link/simplywallst
► TradingView kvli.link/tradingview
PAYMENT
► Trust Bank (free $10) CODE "R2MQBA4S" kvli.link/trust
► Instarem Amaze CODE "plTefu" kvli.link/amaze
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► BigPay (free $5) CODE "QBHVUHL7HU" kvli.link/bigpay
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► DBS Paylah (free $5) CODE "AHVULE614"
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LIFESTYLE
► Envato kvli.link/envato
► Ohmyhome kvli.link/ohmyhome
one of the best interview as Eric is so open and share his experience so much.....pls invite him again
Thanks for taking time to do this interview!! 🎉🎉
Hi sir. Are Whistler grand & twin vew good condo projects?
@@fatpanda1527 there got nothing to eat 😂
Have Ayer rajah food Center. Few years later will have Pandan reservoir mrt 🤣
@@fatpanda1527buy near mrt now you won’t regret 👍👍
Hi Eric how about Clavon vs Parc Clematis which is a better buy for 3 bedder ?? At 2100 to 2200 psf can buy ?
Thanks Kelvin for inviting Eric! Managed to capture some tips which he don’t share much in his video hahaha!
Hope you like it! 😆😆
This is like a course on its own to see how Eric thinks
Eric!! Omggg u managed to interview the GOAT
The real goat!!!
Goat is here 😂😂
Eric changed my life. Forever grateful to him for teaching.
My 2 favourite financial RUclipsrs!
Two of my fav Sg youtubers collab to do this insightful video, plus showcasing how Eric plan property purchase for customized individual. Good video !! All become Huat Kueh Gang !
Must thank Kelvin for his time to make this happen 🎉🎉
Thank you for the sharing!
I'm glad Eric was being reasonable here about his take on overseas investment. Being unfamiliar enough with another market does not automatically mean overseas can never make money. Great advice anyway.
Ya overseas can buy if u do proper research instead of listening to those course sellers from various quadrants of society.....
The collab that we didn't know we need!!
Great video! Kelvin asked very good questions. 🎉
Really enjoyed this video. Eric is so generous in sharing his experience!!!
Great Video! I like the part where a lot of people have not explored local market yet and straight away went into overseas market. This is quite true.
Great interview, Kelvin and Eric! Eric, your advice about the number one tip in property investment (25:44) -discussing with your spouse-is spot on. It's true. When I bought my property, I talked through several options with my family, and now we're very happy with our decision!
Wow nice, Kelvin interviewed huat kueh. Very informative and useful interview. Wow Kelvin saving so much at so young. Good job.😊
This is the Best Video Collab Ever with Eric,sharing so much information on properties and the Tennis Court Joke...finally get it.. Thanks. Btw i still missed the 2nd round to buy the ERA event on this weekend (26/5)
i like this dude. not pretentious and speaks like a normal guy even though he's loaded.
Well said! Near MRT, with amenities, near good school.Only big project has tenis court. Supportive spouse. Money makes money.
👍👍
Awesome sharing!!!
🙏🏼🙏🏼
Thanks to Eric for your very honest advice!
🙏🏼🙏🏼
Great video!
Waa Finnally the duo we need
Love this content and Eric super. Thanks
Great interview
great interview
Make a video on how Eric bought 5x properties and his calculations from his first to his fifth property
Eric is very honest and willibg to share.
For you only 😆
I love this!!
Kelvin like your good question about future trend in SG about aging population in 2030 ( shown after 41 mins of your interview) that I think it is the realistic part that will definitely affect the pricing of property not just in SG but other parts of the World when our birth rate is getting lower and lower each year.....something good for others to think about it instead of over leverage & be wise to put your money in better use
Very good collab
Kelvin can ask to the point questions
Eric is right, is getting difficult over time due to govt policies and incomes not able to catch up with market price. Looking at how ECs owners have been “huating” lol. I think govt might raise income ceiling for ECs, but at the same time also wack 10 years MOP.
🙌🏼🙌🏼
Agree! Invest according to own budget and ability.
👍👍
2nd property rental can cover? Means resale condo? Isn’t 2nd property suppose to be new launch? Am I missing something here?
The Tennis court....... at last!
kelvin very smart getting free consultation at the same time 😂
That's the plan
In Singapore, even buy BTO flat also huat.😊
This Eric ppty knowledge is much better than that Dragon tan. He is very transparent and willing to open up whatever all he knows to guide the viewers, whereas the other is a bit how lian & keeps some kung fu to himself....IMHO.
I also know nuts about stocks but has flipped property for 7-8 times. What Eric says here honestly got some truth to it. Focus on something u are good at. Every road still can leads to Rome
Awesome sharing! I have a question on flipping properties...Eric mentioned about selling every 3 years as 1 of the possible methods. Is he referring to buying resale condo? Or getting new launches and sub sale later? Or buying a sub sale unit? If one goes for new launches, won't the construction time be a factor? Newbie here 😂.
@@yongchinong7958 can either be new launch or resale. However, the key strategy he advocates is sell 1 buy 2. This is the only way where you can time your exit for one property and keeping the other property, at least u still have a place to stay when sell off your other property. Always note that your own stay should be at least a 3b whereas investment unit can be at least a 2b. Slowly upgrade from there. For a 2.8mil budget highlighted in the video, u can split your 2properties into 1.6mil and 1.2mil. 1.6mil can easily get you a 3b resale ocr. Whereas 2b resale is around 1.2mil. Even some small 2b new launch can still be found at 1.2xmil. However if budget is not a constrain, I prefer to buy a new launch for investment. Whatever u do, u need to keep some emergency fund and not exhaust all your cash. Hope it helps.
I think there's a typo...it's "mortgage broking" not booking
What's your take about northshore area.
eric chiew is always funny
Great video! I really do have a quick question. For someone with less than $10,000 to invest, How would you recommend we enter the market? I am looking study some traders and copy their strategy rather than investing myself and losing money emotionally. Whats your take on this approach?
thx for the video Kelvin, today then i know how Eric laff. Abit like Scooby Do. lol
LOL 🤣
New launch ECs are still mainly for family nucleus. Not available to singles who buy alone.
Singles can start resale condo for a start 👍
I find it hard to flip because of 30% absd
Kelvin when you selling 1 and buy 2
"Delulu"😅👍
😆😆
Whose camera is this? Very very different from Huat kueh channel videos 😂
My camera la
Huat kueh!!!!
Nice, I also want to be Huat Kueh!
Let’s work towards your property goals!
V cool video. So joking n hilarious
I think it's prudent to also set aside 50k to 70k of cash for reno per property
True too! 👍
I want to be like Eric. Not very sure how many property he have now cos too many….
Lol 😆😆
got CGT or not? if not must be nice ah. all profits in pocket.
SG don’t have CGT 🎉
Oooo huat kway…
Is HDB considered a property investment? Or NOT
I can say yes, but majority ppl buy it for personal stay
I can say no, but many ppl made money off it
So how?
Thanks for asking him about tennis court, it satisfied my curiousity
Don’t tell others 🤫
@@savvyericchiewi am a fan !
you didn't ask him when is he selling huat kueh plush
I saw one in his room lol!
😂😂
Landed
Dunno how many properties you own? Right....
Wa, long video with Eric. 25:18 tennis court explanation finally 😂
Don’t tell others 🤫
Any idea who are those who paid $1.5Mil for a HDB flat? New converted Immigrants?
Not sure, there’s no official data on this
He also put his money into branded watches🤭
My hobby 🙌🏼🙌🏼
Intro him to 1M65 Loo 😂
Ehh
I’m all ready! 😆
1M65 vs EC. Wow! Kelvin must prep liang teh for their meeting.
@Eric - pls go and enlighten the folks at edmw about JB properties 😂😂
Lol 😂
Don't tell people that this is your house or I own so many properties. You cannot say this is my house if you have not pay the house in full. It is the bank's house if you are still paying off your loan!
Huat Kueh
Most singaporean earn during their lifetime less than 1 million and put all that into property 😅😅, this strategy is premised that property prices will always go up and never down😊😊😊. Property loans are taken out for 20...25...30 years and banks own your property until every cent is paid up, if property price drops drastically, you need to top up or you face forced sale
There is a lot to think about when you buy property of 1 million and lastly what is the yields....is it not better to keep your money in US dollars in fixed deposits which gives 5.2% (us 52,000 for 1 million) yearly...or other ......
Any comments ? 23:31
Go buy your bonds. 😂 go follow clown loo, jiu hu kia convert to sg or honey bee
It really make sense. Property price may not always go up. There are also loss making property transactions. So I guess that property investment also has quite a bit of risk in terms of capital gains.
@@zhouyinsheng buy shares also may buy wrong. Seasoned property investors dont lose money in sg market.
Do seek Eric help
What about houses in sentosa cove? They are selling at losses of millions of dollars😊😊😊
@@veerappananpalakan527 go watch eric chiew vids. Dont waste time here
If you are financial savvy, top up CPF is just lame 🤣
You are damn out of touch with reality leh. $300k by age 28 is definitely doing very well. The weird part is, few minutes before that you were still asking Eric how did he get 100k$ at 26 😂
$100k at 26 is 13-14 years ago. Median pay in 2013 is $3,705 vs now $5,197. It wasnt as easy to hit $100k back then as compared to now.
@@KelvinLearnsInvesting also that median is across all age groups, not the 22-26 age group. and don’t forget 2 years NS
Yup, that’s the point 👍
@@KelvinLearnsInvesting the point is you are out of touch with reality dude
@@ifjfgvjfidifijf You are right 😄
Any English teachers please refrain from watching this video …
Anyone who wants to learn about property investing, please refrain from reading your comment.
He’s a fake
Which part? Can be more precise? Give example
Frankly, i see no future for my children here looking at the property prices, and i own a hdb. Consumers prices keep increasing non-stop, salary stagnant!
I don't mind give 800k to my son to buy his first property, because money is not important to me... to buy a good property, then I will be happy...