In this situation, many investors have quietly disappeared, but we see this as an opportunity.
This is because the competition rate has decreased compared to before, increasing the chances of winning the bid.
Targeting market niches while responding to the government's strong regulatory policies
The only way to do this is through an auction.
One of the advantages of an auction is that I can set the acquisition price.
If taxes go up, you can bid at a price that takes that into account.
Also, there is no need to worry about the seller not providing or closing the account.
There is no need to pay brokerage fees, and the sale is conducted by a court, a credible government agency, making it safer than a real estate transaction.
Moreover, auctions are not subject to regulations such as land transaction permits or financing plans.
Another notable advantage is the wide variety of products.
Real estate isn't just about apartments; you can also make a profit by buying land at auction.
Although it is difficult to sell at a desired time like an apartment, its liquidity is somewhat low, but it is relatively safe and the expected return is at least 2-3 times higher.
The reason I can say this with confidence is because I am currently investing in various real estate properties, including land, apartments, and knowledge industry centers, through auctions.
--- [Chapter 1: The World's Easy Auction Investment Starting with 20 Million Won]

There are four main types of money being dealt with at auction.
Market price, bid price, loanable amount, and actual investment amount.
These four are interconnected.
You need to know the market price to be able to bid, and you need to know how much you can borrow to know how much money (your actual investment) you need.
And finally, these four things are combined to calculate how much you can earn with how much you invest.
Beginners tend to bid high because they are anxious that many people will flock to the item they are bidding on in the auction hall on the day of the bidding.
To reduce these mistakes, you should conduct thorough research before bidding.
Let's remember.
What is important is not the winning bid itself, but ‘cheaper than market price.’
--- From [Chapter 2: The Essentials! Everything You Need to Know About Auctions]

Rights analysis accounts for less than 5% of auction investment.
The remaining 95% is figuring out the value of the property.
In fact, among my acquaintances, there are some who have been studying auctions for years, traveling here and there, and there was even a complete beginner who had never even looked at a register of real estate who learned for 2-3 hours and bid and won the bid.
Browse auction items and find something that excites you.
Rights analysis requires minimal study to avoid risks, and it is more important to have the mindset of not giving up even if you fail.
After experiencing several failures, countless people leave the auction market, saying that it is not profitable.
That's why you have a chance.
Some lucky people win the bid on their first try, but most people get there after trying several times.
If you keep bidding, at some point the gift of winning the bid and making a profit will come to you.
Knowledge can never beat experience.
As with most things, especially with auction investing, keep in mind that while it may be difficult the first time, it gets much easier the second time.
--- [Chapter 3: You can challenge an auction right away even if you don't know how to read the register]

The reason I go to the field is when it is difficult to find information by hand.
For example, the slope, actual walking distance to the subway station, community, age group or level of residents, and the slow reflection of price increases and decreases, which may prevent online real estate listings from keeping up with real-time real estate listings.
Field investigation is not just about going to the site.
It's about doing enough work at the desk and verifying the information you get on the spot.
You don't have to keep going every time you bid on an apartment.
You can get most of the information by looking at your hands.
However, it is recommended to conduct an on-site investigation of villas, commercial buildings, and knowledge industry centers.
There's a difference between seeing it on a map and actually walking from the station, and you can get unexpected information by stopping by the management office to check things like the slope, undesirable facilities, the age and level of residents, the apartment community, and unpaid management fees.
--- [Chapter 4: Earn 10 Million Won More Just by Working Hard with Your Hands and Feet]

Once the extradition order is issued, it is best to apply for enforcement as quickly as possible.
Some people just pass the time, thinking that since they are able to communicate well with the debtor or tenant or that they are moving, things will work out on their own.
But things in this world don't always go the way I want them to.
This is especially true when money is involved.
There are more cases than you might think where people blindly believe someone who says they will leave and then get hit in the back of the head.
Even if you feel like you can communicate well with the occupant and that they will keep their promises, it is essential to file for enforcement.
Please do not worry and apply immediately, as application does not guarantee execution.
Just as it is recommended to have comprehensive insurance when driving, the application for execution should be considered the safest insurance that the successful bidder can take out after paying the balance.
The insurance premium is not that expensive, around 100,000 won.
If you apply for enforcement after negotiations have broken down, you will waste several times more energy in time, interest, and management fees.
To enjoy the auction for a long time, you must use a two-track strategy that involves negotiating while going through the process.
If the agreement goes well and you move quickly, you can cancel the application for compulsory execution at that time.
--- [Chapter 5: Knowing the Risks and Opportunities of Auctions Will Change Your Profitability]

The biggest reason I invest in Seoul's knowledge industry center is because of the basic principle of land: surplus.
The success or failure of a sale is determined from the land purchase stage, and because land is scarce, even if the sale price is high, it often sells out in one day.
In particular, knowledge industry centers are benefiting from the recent strengthening of government regulations on housing, and demand has surged on the back of liquidity and low interest rates.
With both real demand and investment demand on the rise, construction companies are desperately trying to purchase land to supply knowledge industry centers in key areas of Seoul and the metropolitan area.
In the entirety of Seoul, the proportion of semi-industrial areas where knowledge industry centers can be established is only about 3%.
Even if land near the station is available, it is not easy to find, and even if land is acquired, it is too expensive, so there is no choice but to build on B-class land rather than A-class land.
In this way, even if the existing Class A knowledge industry center ages, the rent will naturally be protected.
This means that if the conditions are the same, such as the same floor area, a somewhat older Class A building can command a higher rent than a newly built Class B building.
As it will be difficult to supply knowledge industry centers in the ultra-high-rise areas in the future, the popularity of existing knowledge industry centers with rental rates will continue to soar.
--- [Chapter 6 Let's Challenge Rental Income to Create a Second Salary!]

Auctions (including public auctions) are the wholesale market for asset acquisition.
Real estate isn't the only thing you can bid on at auctions.
Cars, luxury bags and watches, precious metals, home appliances, furniture, golf clubs, and even liquor are all for sale.
If you put in a little effort, you can purchase the items you want at a lower price than the market price through auctions.

--- From [Chapter 7: The Unknown New World of Auctions and Public Sales]