News: Kiyosaki advises Andaman investors to invest for cash flow
Andaman Group and their property buyers have been given the rare chance to meet wealthy self-help author and financial literacy activist, Robert Kiyosaki during a gathering held at The Summit Hotel Subang Jaya on Monday.
Hundreds of avid investors showed up at the event, during which Kiyosaki conducted a book signing for his recent work ‘Unfair Advantage: The Power of Financial Education'.
The author of ‘Rich Dad Poor Dad' shared that he started small in the property scene - a small condo in the 1970s and thanks to careful planning and asset management, his wealth eventually grew.
In the same manner, Andaman Group has implemented principles such as good property management and smart property development to become what it is now. Today, the company offers Guaranteed Rental Returns (GRR) Serviced Apartments, which provide investors with low investment capital outlay, secured rental yield and significant value appreciation, all at the same time.
It also eliminates the hassles of managing one's own property because Andaman will be managing them, with options ranging from six years, 10 year or 25 years leasebacks.
Datuk Dr Vincent Tiew, Head of Sales and Marketing at Andaman, said "the eight percent Guaranteed Rental Return package which is higher return than financial institution's fixed deposit rate."
Kiyosaki also noted that he has weathered the US property recession because he invests in property "for cash flow not for capital gain," investing in residences located near places with job opportunities and increasing populations. Explaining the key to successful property investment, Kiyosaki said that "assets put money in your pocket and liability take money from your pocket".
Likewise, Andaman believes in this principle, hence builds projects near colleges or CBDs where rental demand is strong, recurring and secured.
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