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Buying
property through auction.
I have been
looking at some good investment of buying houses and
properties by auction or “Lelong” and I decided to write this
article.
Buying houses
and properties by auction or “Lelong” is one way of buying
houses or properties below market value. But, we have to think
why these houses are being auctioned by banks or financial
institutions. Most of the cases are the inability of the
owners to service their mortgage or pay the loan installation.
If we think
about the house owners having financial problem and the house
feng shui, are we not concern about the house has bad feng
shui? You do not need to be a feng shui master to put one plus
one equal to two.
But, there are
some good feng shui houses on auction. This is because feng
shui only affect the people who live in the house and some
owners of auction properties are living in another property.
So, it is the house that they are living that has bad feng
shui and not their other houses that are being auctioned that
created the financial problem. But, most of the houses on
auction are lived by the house owners.
To select out
the few good feng shui houses not live-in by the owner, you
will need a feng shui master to audit the property to find out
before you place an auction bid.
Of course, I
think most investors of auctioned properties like myself, are
not going to live in their new property bought through
auction. It is just an investment to resell for a profit or to
rent creating a residual income.
Well, if a house
has bad feng shui, when we rent out the house, the tenant will
not be able to pay the rental on time. We will have the hassle
to keep chasing the tenant for rental payment and finally
evacuating the tenant, and the task of advertising for another
tenant. This will go on and on. This is one headache house
owners dreaded and feared most.
On another note,
if we are buying to resell for a profit, bad feng shui houses
or properties are very, very much harder to sell. To resell
for a good profit will be a major problem.
In conclusion,
it will be a smart choice to hire a feng shui master to audit
the house or property before jumping in to bid for it. The
feng shui consultation fee paid for qualifying a lelong
property is worth every single cent.
Note : “Lelong”
is the Malaysian word for auction.
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