The Ultimate Guide To Real Estate Investment

Page 25

My Story‌ And Yours

there was absolutely no logic to whatever I had just decided. But that didn’t matter. The idea was exciting, but more importantly, my paradigm had shifted. My world had changed. Property is the way to go.

The Beginning I started my career in the army and signed on as a pensionable officer in the armed forces. And since my pension was backdated to my recruit days, I was guaranteed one million dollars once I retired at 45. Needless to say, life was secure, stable, and sometimes a little complacent. However, although I was enjoying the benefits of stability and security of a civil service job, I did not lose sight of my aspiration to own three properties. Keeping the goal in mind, I set out to acquire knowledge in property investment, and on 1st July 1995, I made the momentous decision to resign from pensionable service, forgoing every single cent of the one-million-dollar pension that I would get had I stuck to my civil service job.

Our Firsts My journey of real estate investment started at the young age of 22. I was newly married, and my wife and I needed a roof over our heads. For the sake of convenience, and not having much savings, we bought a three-room public housing resale flat which was situated next to my in-laws. Two years after the purchase, we sold the flat and bought our first private apartment at Normanton Park in 1987 for a sum of $95,000.


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