Monthly archive - April 2015

Email from Reader – I feel like I am just stuck unless I buy overseas properties

Posted on Apr 25, 2015 in Articles, Oversea Property Investment by 0 Comments

property scam

Below is an email thread I’ve had with a reader of this site. I changed the name to protect identity. I have inserted extended thoughts from my original reply just so you get a better perspective buying “cheap” overseas properties because you cannot afford one locally.

Read through the email and I bet you will find something that sounds familiar. If you ever want to send me your own questions, do so here.

Email Q & A


(Colin, Reader) – In Singapore, it seems like one needs to have quite a huge down-payment (mostly cash or some CPF), and that’s why so many people are buying overseas properties which requires much less cash on hand. For a typical person like me, after I purchased my own residence, it would take me about 10 years to save up enough cash to purchase a second property in Singapore. By that time prices would have skyrocketed.

So in this case, is it better to invest in overseas properties, or just wait long until one could afford a second property? I feel like I am just stuck unless I buy overseas properties. Look forward to hearing your advice. Thanks in advance.


(Gerald Tay) – Thank you for your email. Your concerns I received very often from readers and valid.
To offer a sincere and most valuable advice for my readers, I’m also frank with my answers to their concerns. I’m not here to win favours or to win arguments on what is right or wrong in what I’m about to share. I’m in this to ensure your survival and prosperity against the odds as a small retail investor.

Life NEVER goes in a straight line

Posted on Apr 19, 2015 in Articles, Oversea Property Investment by 0 Comments


15th April and the year is 2015.

The dreaded time of the year for taxpayers – Deadline to file income taxes!

Filing our local taxes is easy. What’s not easy is filing foreign taxes as a new foreign investor.

This is the second year I filed my USA personal tax returns and yet I still face uphill struggles with it. We have accountants to help file corporate taxes for our property investment companies but personal income taxes can be frustrating for new foreign investors.

Asking for advice from my American partners does not help much either. Understandingly, how a local file his personal tax returns will be different from a foreigner/non-resident. There will be different set of forms to use and fill, alien abbreviations to contend with and a foreign tax language to grasp and understand. Above all, where to file and how to file just add on to the already mind-blogging process.

It’s also a struggle faced by some of my fellow Singaporean co-partners. It’s a struggle, yes. But it’s a GOOD struggle.

Are we complaining? Do we believe investing in other countries will be any different? Or do we naively believe their tax system will be any easier? Or do we for a single  thought foolishly believe we can have our overseas properties on “auto-pilot’ throughout?

5 Signs You Have Become a Slave to the Wealth Gurus

Posted on Apr 12, 2015 in Articles, Financial Freedom by 0 Comments

When I first started reading about wealth and financial freedom, I made a classic rookie mistake – I fell into the trap of the wealth gurus. I thought they really wanted to help me achieve my goals. It turned out the only thing they wanted me to do was subscribe to their ideology and profit on the back of it.

The PERFECT Investment System

Posted on Apr 7, 2015 in Articles, Property Investors by 0 Comments


When your first decide to satisfy your inner desire to build an investment property portfolio and become one of those gurus with “jet-setting” lifestyle, you start doing careful research in the quest for the perfect property investment advice.

Logic says that in order to learn the subtleties of any craft, you have to go to the masters. If you want to become a doctor, only doctors can teach you. If you want to become a computer programmer, you read thick books on the subject written by experts. If you want to become a martial art master, you go to the grandmasters. Consequently, to build a large, or at least a mini-port-folio of properties you go to the property ‘experts’ a.k.a.  Top property salesman, property consultants, CEOs of property agencies or a property millionaire guru.

There is one big problem, however. That problem is called superficial analysis. Every men out there has an agenda. This can become incredibly frustrating in your search for the truth. Everybody claims to have the secret, but very few are actually sincere. The arena of real estate selling certainly does not enjoy a large number of people telling the truth. Thus, the never-ending propaganda in mainstream media has been going on for a long time.