Ever made a costly mistake in real estate or investments? In this episode, Melvin Lim from PropertyLimBrothers shares his story of regret regarding the purchase of his jumbo HDB apartment and how he eventually incurred a financial loss; which was the result of timing the market. Melvin reflects on his property portfolio, talks about his personal anecdotes in his real estate journey, whilst putting his lessons into practice to create PropertyLimBrothers. He also speaks about how learning about property investment frameworks have helped him made better investment decisions.To understand more about the balance and between the happiness index and the investment methodology index and their respective significance, be sure to watch this episode of Nuggets On The Go!
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(00:00:00) Intro
(00:01:38) Melvin's first home
(00:02:27) Fundamental framework in buying a property in Singapore
(00:06:44) Power of Reinvestment: Leveraging your first property for future expansion
(00:10:25) Having confidence and understanding for investing into a property
(00:17:04) PLB Assembly
(00:18:54) Closing thoughts
(00:21:02) Outtakes