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b'ARVE Error: Mode: lazyload not available (ARVE Pro not active?), switching to normal mode\\n\\n\\n\\n\\n\\n\\n\\n\\n{"@context":"http:\\\\/\\\\/schema.org\\\\/","@id":"https:\\\\/\\\\/onproperty.com.au\\\\/investor-profile-success-failure-success-ronald-tan\\\\/#arve-youtube-lguh0anjhku659a0b2e3a187637733762","type":"VideoObject","embedURL":"https:\\\\/\\\\/www.youtube-nocookie.com\\\\/embed\\\\/lGUH0anJhKU?feature=oembed&iv_load_policy=3&modestbranding=1&rel=0&autohide=1&playsinline=0&autoplay=0"}\\n\\n\\n\\nToday we talk to Ronald Tan about his investment journey. From his early successes, to being swindled by a developer to investing again and doing it right this time around.\\n\\nOne of my absolute favourite things to do when running On Property is to talk to my listeners, talk to my readers about their investment journey. To hear about the successes, to hear about the failures that they\'ve been on. Today, I have for you a really exciting investor profile with an investor named Ronald Tan.\\n\\nRonald has been through so many different things over his investment career, which has spanned I think it was something over 20 years. He\'s had great success in his early purchases to being swindles by property marketers offering him overseas property.\\n\\nHe\'s had some great successes, some great failures and then come back and had some successes again. So it\'s really great to hear this story with Ronald and I think it\'s going to inspire a lot of you. Now, please note that there was a bit of lag between the conversation over Skype so sometimes we do interrupt each other a little bit or if there\'s longer than average pauses, that\'s just because of the delay in terms of the signal going through. A really great interview. Thank you so much, Ronald, for coming on and sharing your story and I hope that this inspires you guys.\\n\\nRyan:\\xa0Hey Ronald, thanks so much for coming on today. Let\'s go back to the beginning your investment journey. When did you first invest in property and what made you decide to invest in property in the beginning?\\n\\nRonald:\\xa0Okay. I guess this started off probably a few decades ago when I was a lot younger and I noticed a lot of my uncles \\u2013 I come from Singapore \\u2013 they were going through a period of exponential property growth. Probably fueled by speculation and I guess in those days when the overall property market sort of increases, it\'s benefit those people who enter the job market earlier, obviously. In those days, everybody is saying, "Oh, you should buy property because property always makes you money."\\n\\nRyan:\\xa0It doesn\'t sound too different from today, really.\\n\\nRonald:\\xa0Yeah, yeah, it is. For the un-initiated, I guess. So that\'s how I first went into property. The first investment property that I bought apart from my own home was basically with the intention to just rent it out, but at least in those countries, it is still more or less positive cash flow, so it\'s not too bad.\\n\\nRyan:\\xa0So was your investment property in Singapore?\\n\\nRonald:\\xa0Yes, it is.\\n\\nRyan:\\xa0Okay. And do you still own those properties today or have you sold out and you\'re now in Australian market?\\n\\nRonald:\\xa0No. I sold that out a long time ago. In fact, slightly 2 years after I acquired it. I think I bought it at $325,000 and sold it 2 years later for $520,000 or something like that.\\n\\nRyan:\\xa0That\'s pretty good.\\n\\nRonald:\\xa0Yeah, that\'s pretty good. And then, I made the next mistake after that.\\n\\nRyan:\\xa0Okay, so you had a very successful first one. And then, you said you made a mistake on your second one. What happened there?\\n\\nRonald:\\xa0Well, I guess, because at that time, my ex is the sort of person that likes to spend money. So if I have the proceeds of the fist property, I thought I better buy something else before it gets spent. At that time, I have intention of probably in the future of migrating so I happened to go to one of those exhibitions where the marketers was presenting foreign properties for sale. And then I bought one of the plan there. Obviously, the price was highly inflated.'