Real Estate Mogul Song Hee-gu Shares Secrets to Amassing $20 Million Fortune

Song Hee-gu, a renowned author and real estate mogul, recently revealed the secrets behind his $20 million fortune.

On the October 11th episode of MBN's 'Kim Joo-ha's Day and Night,' Song Hee-gu shared insightful real estate tips alongside entertaining conversations with actors Shin Sung-rok and Jung Sang-hoon.

The episode, titled 'Meeting the Special List 2,' featured Song Hee-gu as the main guest. He recounted his experiences visiting the set of the drama 'The Story of Manager Kim, Who Works at a Major Company in Seoul' daily at the director's request. Song expressed his excitement upon hearing that actor Ryu Seung-ryong was cast as Manager Kim, even shouting with joy at a crosswalk. He surprised everyone by revealing that the character Song Manager (played by Shin Dong-won) was a reflection of himself.

A former corporate manager turned real estate investment expert, Song Hee-gu became interested in real estate after witnessing a friend's father amass wealth through successful investments in 2009. He saved his initial salary of 2.1 million won and part-time job earnings, accumulating 30 million won annually as seed money. He began his real estate journey by purchasing land with combined savings and loans. Song also started a YouTube channel dedicated to real estate investment, aiming to provide reliable information amidst a sea of distorted and exaggerated data. He expressed his desire for people to successfully own homes and continues to offer affordable lectures at cultural centers.

Song Hee-gu advised against over-leveraging, cautioning against using secondary and tertiary financial institution loans, breaking pensions for funds, and taking insurance loans. He emphasized the importance of considering surrounding developments and road conditions when purchasing land, and the comfort and convenience of living spaces when buying apartments. Song identified 'vacant commercial properties' as the most regrettable investment, resonating with Kim Joo-ha, who shared a similar experience. He further advised that downturns are the best times to upgrade to prime locations, describing them as opportunities to climb the wealth ladder.

By Taeyuna, TenAsia Reporter youyou@tenasia.co.kr