Reading the title above, some of you might be wondering, what is ‘dragonball syndrome’?
And what has that got to do with property investment??
Well, firstly, if you ever watched dragonball during your childhood days, you would know about the seven highly coveted dragon balls.
Can you spot the similarities with property investment? 🙂
Simply put, people with dragonball syndrome go around looking for the holy grail in property investment..
Whatever that looks ‘shiny’ or ‘hot’ at the current time, they are easily attracted and get sucked in…
The sad reality is, today, there are many unsuspecting and innocent ‘investors’ who are getting sucked into investing their hard earn money into projects, new launches, without doing proper due dilligence.
They get enticed by the ‘excitement’ generated by the property investment world over the last few years and they want a piece of the action. They don’t want to miss out.
However, they also forget that property investment can be as unforgiving as it is rewarding.
A common example of dragonball or shinyball syndrome today is easy to spot-
Have you met anyone who invested in a particular project or property without knowing what is his strategy, target market, exit plan?
Or someone who while walking in a mall, gets attracted by the nicely designed property launch booth…
and within 2 hours later, has signed on the dotted line?
It sounds crazy when you hear about it.. how can people just buy properties like that?
well.. it’s all too easy to fall into the trap!
Bottom line.. always know what you are doing. Ensure every purchase is aligned to your gameplan. Develop a solid well structured gameplan so that you are NOT easily distracted by the many ‘noises’ in property investment.
In our Property Fast Track workshops, we work closely without our graduates to help build a solid gameplan that suits their current situation. Every individual must have a gameplan that stretches and excites them, at the same achievable.