It was my first time listening to Andy Ong and I have not known much about him. My first impression was that he is a person full of drive and confidence, which are necessary ingredients for success.
His entrepreneurial and property investment track records were very impressive. He started out as one of the earliest financial planners in Singapore and went on to start a financial planning magazine which was sold to a company. He was also a prolific writer who churned out many books on financial planning, and National University of Singapore was using one of those as a textbook. After his successful stint in the financial industry, he went to start up Entrepreneur’s Resource Centre (ERC) Institute, and began his first step in the education industry.
He said he used to buy shophouses in the past and now he had moved on to commercial properties. ERC bought the North Bridge Commercial Complex for $46 million in 2009 and sold it for $100+ million. ERC then bought Prime centre for $103 million in 2010.
Using these examples as his credentials, he put himself as someone qualified to teach and the reason he wanted to teach is because one of his entrepreneur apprentice persuaded him to share his knowledge on property investing to the public. He said that he is only going to teach until 2013 and he would want to leave for another country to study full time. He always wanted to experience studying overseas. He added that he tends to leave an industry after 10 years and he felt he had done enough for the public. Probably because a change in environment is needed to renew his drive and enthusiasm.
His property course spans 3 days and involve field trips where he would explain how he look at properties. After the course, there will be a few gatherings a year for him to update everyone on the property market trend. He will also evaluate the property portfolio for every student and advise how he will go about restructuring them. He even said all graduates must ask him for permission to buy any property, because he want to make sure his students make good investment decisions. He knows it is not easy for anyone to learn all he knows within the course and hence, he dedicates these 2 years to teach people how to fish.
I have not attended the course before so I cannot comment on it. But you can read about the course review here. If you are interested to attend the preview, you can register here.
Sources From:
http://www.bigfatpurse.com/2011/10/andy-ongs-preview-on-property-investment-program/
Gordon Ethan
NBCC
4.11pm
Expenditures are a significant component in any investment property, regardless of what the scenario. For real estate traders who are funding their assets, the transaction is only part of the real costs. Entrepreneurs must take into account fees and property taxes. If trying to fix a residence, each enhancement must be calculated and as opposed to prospective included value. Not every enhancement will add to the value of the home enough to pay for the cost of the measures.
ReplyDeletehi there, attend andy's preview on last thursday and signed for the may 3 days seminar. sounds a bit expensive and hard sell. specially when i read that he uses the last 2 seminars that he is conducting tactic ...
ReplyDeletekeep you all posted about his seminar after i attend this friday