Don't buy, you can rent from me.

Seriously TS, you need to be sure what you really want.
Invest or own use. Without a clear mind, not much I can give you opinion on.

I am in JB, still want my comments?

Location: Tampoi

This area has it's value drop after it's first built 10 years back.
About 2007, when the Singapore dollar is all time high.
Chinese from all around Malaysia came to JB and comute everyday to work, which it's in Singapore.

The current exchange rate is 2.40, which make staying in JB a very lucrative offer.

Now with low supply of rental units, the rents in some units actually went up. In addition to the lower interest rate, a low cost unit selling for 42k, can easily achieve cashflow of RM100 a month.
The rent of this unit just went up from RM380 to RM450.

Just found the area that I am investing just posted in one of the blogs.
I have the same apartment as the blogger.

How to increase the return of an investment property to more than 20%?

And would probably "buy high, hold and pray it would go up".

It doesn't bother me if I can find a tenant that pays RM2k per month.
30 years later, you own the house without paying and get paid every month.

Ahh, finally something I totally disagree with you.

A house can be an asset or liability, determine by how the cash flow.
Rich dad definition of asset and liabilities:

Assets put money in your pocket, liabilities take money out of your pocket.
Asset feeds you when you're not working and liability eats you when you're not working.



So who is really right?
Actually there is no right or wrong, just the different point of view people put on it.
I uses solely on Rich Dad definition in my investments analysis.

If I want to get a loan, all the property I own is an asset.
The bank allows me to declare my house I stay in as an asset.

This post has been edited by jasonhanjk: May 1 2009, 12:27 PM

Yes, my experience is still not up to par.

When the times come.
My answer will change again.

At first I disagree why phoeni re-finance his own house, after a few months later. I agree with him.

There are good assets, bad assets, good debt, bad debt, good income, bad income, good liability and bad liability.
A house you pay every month is a liability. Good or bad, depends.

This post has been edited by jasonhanjk: May 1 2009, 09:17 PM

My favorite author has a total of 1440 small rental units this year.
Not counting other big properties.


So, how can you do more with less?


Once you lean more, you would agree to start rental units first, not shop houses.

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Added on May 3, 2009, 10:06 pmDid I see wrongly?

This post has been edited by jasonhanjk: May 3 2009, 10:07 PM

Pssst.