BUYING ASSETS WHEN THEY ARE UNWANTED & HOLDING THEM TIGHT TILL VALUE EMERGE IS THE BEST APPROACH

Dear Friends & Fellow Investors

 

 

Thank you for visiting. Calvin is happy to welcome All Serious Value Investors here!

My next topic BUYING ASSETS WHEN THEY ARE UNWANTED & HOLDING THEM TIGHT TILL VALUE EMERGE has been proven before.

Let me again relate from experience.

  1. MEET THE ISKANDAR LANDLORD KING OF KOTA MASAI – MR. TAN PAO

I first met Mr Tan Pao in Johor High Court some 10 years ago. I just bought my 2nd house from Johor High Court when I first met him in year 2007. An unassuming man who wore chinaman tee shirt, shorts & slippers. I thought he was a waiter in the coffee shop when he waved to me.  He spoke to me because he saw me at high court earlier in the morning.

Ha! How I misjudged him. So don’t just judge a book by its cover. When I conversed with him I found out that he already bought 20 houses from Johor High Court.

Inspired by him I bought another 3 houses from Johor High Court – totalling 5 units. By then he said he already bought 40 houses from Johor High Court Auction.

Ha! I borrowed from my family & from banks & then increased my purchase to 20 houses to play catch up to Tan Pao’s 40 units. To my surprise he already bought  up to 200 houses! The majority of them in Kota Masai (Ecoworld took over Focal aims’ Kota Masai at Rm1.40 a share later).

What is so good about Kota Masai? Tan Pao believed that Kota Masai is located near Tg Langsat Port. So there will be jobs. And with jobs there will be ready tenants. And he was right.

And why buy in Kota Masai?

Because few people wanted those Kota Masai houses. He bought low cost house as low as Rm20,000 each. Single storey at Rm50,000 to Rm60,000 each.

Tan Pao bought a package of 10 houses at one go from Danaharta. 2 storey houses 22×70 feet at Rm60,000. THese he tenated out for Rm900 a unit – giving a nice 15% rental yield or more.

He even bought 2 storey shophouses from High Court Auction at Rm220,000 each. Those were the good old days.

But those were really VERY FEARFUL TIMES Also.

This is what Mr Tan Pao told me.

In those down years there was a day when 160 properties came out for Auction in Johor High Court. At 9.30 am that morning when Tan Pao submitted his banker cheque (10% deposit) for auction not a single soul was around.

There were a total of 160 (ONE HUNDRED AND SIXTY) properties including houses, shophouses, condos & others for auction.

But only one person dare to bid for just one house! The Champion Tan Pao – man with nerve of steel!

And Tan Pao himself wasn’t sure whether he is doing the right thing since NOBODY ELSE came for the Court Auction in those terrible times.

He sald, “There were 160 properties before the Auction. After the Auction 159 Units remain unsold without bidders” And the only unit sold was bought by me!!”

WOW!!  Tan Pao must have heart and nerve of steel!

And he describe further, “That morning when the Court Bailiff saw me he asked whether I came to buy an auction property?” Tan Pao replied, “Yes”

And without ceremony or protocol the Court Clerk brought him to the back of the High Court where the presiding Judge or Auctioner was having his morning coffee. There and then they read out the POS (Proclamation of Sale” and asked Tan Pad to nod his head. Then sign some papers & “hey presto” Tan Pao bought the property with little hassle.

In these very bleak years Tan Pao bought and bought those properties at ROCK BOTTOM PRICES!!

Today he told me he already made Rm20 MILLIONS!

Ha!  If we could go back in time & buy those ISKANDAR PROPERTIES AT ROCK BOTTOM PRICES?

Do you dare? Have you the heart & nerve of steel like Tan Pao?

IF ONLY YOU COULD GO BACK IN TIME WHEN THINGS WERE FORSAKEN BY ALL? THINGS WERE UNLOVED & UNWANTED?

Now those opportunities in Iskandar are now over.

BUT NOT IN KLSE.

WE CAN LITERALLY GO BACK IN TIME TO BUY ASSETS AT OLD OLD ROCK BOTTOM PRICES!

HOW?

BY BUYING INTO BJ CORP & MUI BHD TO LOCK INTO THEIR GROSSLY OVER SOLD PRICES NOW. BOTH BJ CORP & MUI BHD ARE SITTING ON ASSETS STILL AT OLD OLD BOOK VALUE! THESE ARE LITERAL GOLD MINES!!!

QUESTION IS?

DO YOU DARE?

CAN YOU WAIT?

 

Regards

Calvin

Notable sayings:

“BUY LANDS, FOR THEY DON’T MAKE THEM ANYMORE” Mark Twain

As quoted by KULIM. Calvin called for a buy on Kulim at Rm2.50. Kulim taken private by Johor Corp at Rm4.10 for 60% upside.

 

YOU DON’T WAIT TO BUY LANDS. YOU BUY LANDS AND WAIT

13,737 ACRES OF BKT TINGGI RESORT LANDS IN BJ CORP’S BOOK VALUE IS ONLY 47.8 PER SQ FT

AMAZING VALUE TOTALLY UNBELIEVABLE. BUT IT IS STATED AS FACTS AND FIGURES IN BJ CORP 2017 AR