According to Malaysian Investor website, we can use the so-called S.P.O.T. test to detect potential investment scam. Now, let's use this tool to analysis recent properties investment condition.
Sounds too good to be true
"See, YYY bought the house last two years, now the house is already 100% appreciated. Think about that, if you buy ... now, then you ... in next two years"
"This place will be the next super star with lots of foreign investing in the future."
"Look, bank only gives your 3.5% p.a., if you bought a property and rent it out, you will got around 6% p.a. Moreover, if you attend a special training, you can double your rental return up to 12% p.a."
"Look, with the power of leveraging, I used 30k to bought 300k properties, then sold it at 400k within one year. There was more than 300% profits (100k / 30k)"
"Buy a property now, or you will never afford to buy one in the future"
Takes away your money quickly
"Zero deposit (or just less than 10k deposit), just sign here, here, and here"
I think this S.P.O.T. test is simply a check-list for a salesperson to close their deal as soon as possible. Of course, when somebody is trying to use this kind of technique to manipulate us and to close a deal quickly, we should raise our attention immediately. That's all for today. More fascinating articles and sharing will be updated from time to time in Xaivier Blog. So, you are welcome to subscribe our feed, look at our sitemap or simply visit our Homepage for latest sharing.
Written by: Xaivier Chia
(P/S: The above sharing is solely based on personal insight. Please do not take it seriously. However, your valuable feedback are very welcome.)