Hi,

Would like to know if it is possible to purchase any property in PJ below RM100K?

Not landed, and not anything actually worth the price you'll be paying for it.

Yes, but very much depends on how much you want to stretch the "boundary of PJ"

100% agree

those bungalow paper house that folks use during 'cheng beng'?
that's also some sort of property, right?

Wah lwb.. need meh..??

sorry bradder.. i'm the bunghulioo here

Instead of mocking other people who is humble enough to post a question here, you can enlighten him with whatever "knowledge" you have. Not all member who post here have knowledge in property.

btw, a few forumers are waiting for your reply in the topic below that you "seemingly" ignored for a few days:

http://forum.lowyat.net/topic/1011619/+60

He finally online but "preying" on others with lesser knowledge in such sarcastic way.

This post has been edited by alanyuppie: May 9 2009, 10:55 PM

what makes you think i know anything?
that guy is just going around on a parade and "comparing penises"..

i learnt that an astute investor is not easily swayed by daring.. more so, when he doesn't even comprehend what i was saying all along.

have you heard of the story of 10 blind man describing an elephant? with such a great number(10), i wouldn't want to waste time refuting their beliefs.. it's better to just step away..

oh by the way, here's your answer:
i would rather disclose my findings in a published book and sell it.. don't you think?

This post has been edited by lwb: May 9 2009, 11:07 PM

Bro Alan........chill

And dont bother waiting either. Dogs that often barks...................seldom bites when they encounter similar or bigger enemy. They only like to take on smaller preys, typical bully

absolutely agree. Best to just ignore these kind of characters.

Goey - it is possible to get some studio's in the PJ area for about 40K above the 100K price range u r looking for. Would be good to understand what's your objective though....

bingo!!

you guys are so easily baited.. i can almost guess your next move *lol*
do you know sometimes, i reply just to see your responses?
goodness.. your pride are so easily dented..

Very doubtful...
At non-PJ area but at Klang Valley area, a very low cost flat cost a minimum of RM 60k - 70k already

Hi Pai,

I do give due respect to people like you.

Though we are on diff paths.

Happy investing.

OT. most investors in the prop threads seem to ignore the advantages of making ADVANCE PAYMENTS when getting a loan.

This post has been edited by SKY 1809: May 10 2009, 01:55 PM

Yup.. any prop below 100k in PJ are flats and low cost apartment..

Flora Damansara in DP goes btw 90k - 100k for 850 sqft.. Is this below market value?? Got swimming pool one wor

This post has been edited by eugene jk: May 10 2009, 01:27 PM

Yet another non-property related post from the joker Im guessing the following will happen after this:

1. Another non-property related reply

2. No reply at all.

---

Added on May 10, 2009, 3:37 pmbro, im nothing, just learning here like eveyone else

btw, advance payments when getting a loan? Care to explain?

---

Added on May 10, 2009, 3:41 pmcome to think of it, some decent walk up apartments in KD also is around 100k. Think its called Palme Puteri or something

This post has been edited by Pai: May 10 2009, 03:41 PM

Well,

It is just a small tool to help investors to save some interests and it is something good from the Financial Planning or cashflow planning of view. Esp those days when the interest rate is high. Judging from surging of oil price and commodity . inflation would revisit us sooner than we think.

Advance Payment is almost the same as the prepayment , but in the case of prepayment, you still have to pay the monthly instalments regardless whether rentals collected from clients. Black marks on your loan report card if you are late let say for a month.

AP. Let say you pay rm 24,000 to the bank in one lump sum, and the amount made up of 12 instalments , virtually you are paying ahead by 12 months, therefore your report card is good, as well saving interest and penalty int if any. You are a good client in the eye of the bankers.

AP works better with flexi and full flexi loans. In case , you sell a property and loaded with cash, just pay the other banker in the form of advance payments . meanwhile searching for another property, re drawings later.

Sorry i have to rush to somewhere, got to cut it short here.

Note : some local banks may not have this AP feature.

As I say, it is jsut a small financial planning tool, nothing to shout about. It could be a tool for tax planning.

But investors tend to ignore.

This post has been edited by SKY 1809: May 10 2009, 05:22 PM

Sky,

Think nowadays everyone tends to go for flexi loans as rates are the same with non-flexis. But on whether they fully understand on how to utilise such loans, remains to be seen

AP? Hmnnn......okay, I just call it a different term. More like dumping all my excess cash in the CA, to offset any interest from the loan balance. In short, flexi's - may not necessarily just be good for people that have cash. Arguably, the first bank that launched a full flexi was Mortgage One from SCB. It was launched to 2 target primarily 3 segments:

1. Young yuppy segments with rich FAMA (fathers and mothers). For example, Young kid will apply a loan of 400K. FAMA will donate 400K into a CA, and wah lah! - the kid pays 0% interest.

2. Targets people with INCREASING income potential or earning capability....so that they can dump excess cash into the CA.

3. Investors - so that they can Cash Out from the increase in their collateral values.

Note: All banks have some degree of flexi already. It's just that some are on a semi-flexi platform. Some others have a very backword online system. Some have stupid incomprehensible statements.

Hi Pai,

Re: Advance Payments ( part two )

Yes, there is no big deal about APs, as I say it is just a small tool , and nothing much to shout about.

From the banker point of view, could you penalise someone who is paying 12 or 60 months ahead ( though temporary ) ?

And the borrowers do not like to receive the reminder notices from the banks saying " failing which "

Don'T you think bankers prefer those borrowers with some forms of min financial planning ? Think about it.

AP works well with Fixed Term Loans like those from AIA, though less flexible.

For those who believe in saving for 6 to one year emergency cash fund. Park the saving into this account ( flexi loan/cum current account ) may earn you some interests , higher than FD rates.

For those want to consider some little bit of tax planning, parking of APs into non interest deductible property loan, has a bit of advantage over deductible interest properties.

Have you considered collecting 6 to 12 months rentals in advance with giving out some discounts ? Sounds crazy, right ? But may work better in term of tax, assist better cashflow planning etc. I am not talking about leveraging here.

Leveraging is good, but might be better if you could plan your cashflow well in advance. Something for you to cushion the fallbacks, and if you think you cannot expect the best possible outcomes all the times.


Like what Antony Robbins says, applied knowledge is powerful.

Again what I mention here are just small small things.

For those who do not believe in what I say, just ignore me

Happy Investing.

This post has been edited by SKY 1809: May 11 2009, 09:11 AM