Dear Fellow Smart Millionaires,

After Day 1 of Robert Kiyosaki's Seminar otherwise this year known as National Achiever Congress 2009, I got so excited with the thought of the possibility to achieve infinite returns in Real Estate that I couldn't sleep. It is now 424am in the morning :)

Though certain details have to be confirmed before it is achieveable in Singapore context, but nonetheless, now I understand why RK and Ken Mcleroy can have so much TAX-FREE money to invest in so many properties and getting rich by leveraging on more Good Debt! :D The key to achieve infinite returns in US is refinancing. However, RK pointed out two major differences between US and Singapore context.

The first difference is that in US, the refinancing interest rate is FIXED throughout the 30 years! OMG :) What it means is that you as a Real Estate Investor could literately predict your fixed cost for the rest of your loan period. Whereas in Singapore, there is NO fixed rate :) Another classic example that Banks are always protecting their own interest rather than protecting the clients'.

BUT you must understand that the mortgage rate in US, according to http://www.mortageloan.com, the fixed rate is at 4.82% p.a.; in Singapore, now the lowest mortgage loan interest rate is at 1.5% p.a. This is why you need to have a Mortgage Loan Specialist on your team when you do Property Investing rather than depending on Property Agents to settle the loan for you! Hence, I will discuss with my Mortgage Loan Specialist and I will get back to you regarding the feasibility of refinancing to achieve infinite returns.

Another major difference is that RK and Ken are able to increase the valuation of the property easily by increasing the Net Operating Income (also known as NOI). This point, in my humble opinion, the banks in Singapore value a property not by seeing the NOI increases but by other means. BUT I will confirm this by my selected group of Real Estate Advisers regarding about this.

Nevertheless, this seminar has been a very fruitful one for me. Gave me lots of insights and we again purchased more products (haha... RK and his Rich Dad's Advisers are damn good sales people!). And of course, RK have reaffirmed me the fact that you need to have a team when comes to investing and business! Have you form your team yet? :)

Your Friend,
Max Tay
The Smart Millionaire System™ - "where Wealth is automated!"