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 How to get started to invest in property?

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brutus
post Jul 21 2009, 09:14 AM

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QUOTE(shchoy @ Jul 17 2009, 11:04 PM)
Yes, I believe it is actually easier to rent out Studio & 2-Rooms
compare to the 3 or 4 room units.

Also, the studio & 2-rooms usually give an overall better return
in terms of rental per invested cost.
i always thought the 3-bedroom would be the easiest to rent out, no?
studio does provide better returns but dont forget they also costs more psf than the avearge unit.
brutus
post Jul 24 2009, 12:45 PM

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QUOTE(rakyat @ Jul 24 2009, 11:16 AM)
Si-fus pls. enlighten a  wannabe property investor
there is no short cut about this. you need to "learn" along the way eventhough you read 1,000 books on property investment.


Added on July 24, 2009, 12:47 pm
QUOTE(Pai @ Jul 24 2009, 12:21 PM)
    b. Get multiple streams of income.
  
simple message but not easy to achieve. whistling.gif

Pai,

may i add as below:

using the power of 2 or more. thumbup.gif


Added on July 24, 2009, 12:48 pm
QUOTE(rakyat @ Jul 24 2009, 11:16 AM)
Correct me if I'm wrong but rental income is not considered by the bank.
WRONG, very wrong!

This post has been edited by brutus: Jul 24 2009, 12:48 PM
brutus
post Jul 28 2009, 09:17 AM

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QUOTE(Backkom @ Jul 26 2009, 11:05 PM)
Combine power with your wifey/hubby  rclxms.gif
*
FAMA also can mar! cool2.gif
why only think about GF, BF, Wife and Husband? blink.gif

This post has been edited by brutus: Jul 28 2009, 09:21 AM
brutus
post Jul 28 2009, 11:04 AM

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QUOTE(Backkom @ Jul 28 2009, 09:54 AM)
Hehe that's I'm doing... leveraging "horizontally" (partner) + "vertically" (parents)...
I can't give a lot of money to my parents, but hopefully can help them make more money?  rclxms.gif
*
yes, very good strategy! thumbup.gif
brutus
post Jul 28 2009, 09:32 PM

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QUOTE(noed18 @ Jul 28 2009, 06:25 PM)


Or do they usually take rental add into gross income and redo your commitment test again?

this depends on bankers. different banks have different factoring.
my advise:
whether you can afford the nth unit of property is not your say. the bankers will have the final say.
so, dont be afraid to ask around. wink.gif
brutus
post Jul 28 2009, 10:29 PM

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QUOTE(Minolta @ Jul 28 2009, 10:14 PM)
haha, just wait lah. you will know what i mean with time. i do not wish it for you, but chances are, you will rclxub.gif
*
both must share the same "passion" towards property investment. if just by using the other half name to make up the short fall, then chances are later on will be..... rclxub.gif
brutus
post Jul 28 2009, 10:38 PM

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things will get even more interesting when one uses the power of "seperate entity"
brutus
post Jul 28 2009, 11:02 PM

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QUOTE(Backkom @ Jul 28 2009, 10:58 PM)
Referring to Brutus Sdn Bhd?  tongue.gif
with a company name like that sure no tenant will want to come la! doh.gif
yes, Sdn Bhd is THE way to go in the long run!! cool2.gif
brutus
post Aug 11 2009, 06:57 PM

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backkom, you really power ler!
brutus
post Aug 11 2009, 07:09 PM

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QUOTE(Backkom @ Aug 11 2009, 07:04 PM)
Like I said before - leverage "vertically" + "horizontally"  rclxms.gif
*
at least you are walking the talk and taking advantage of the available situation.
some people got this advantage also dont know/want to use!
brutus
post Aug 12 2009, 08:36 AM

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QUOTE(lainux @ Aug 11 2009, 11:58 PM)
This is so true, I lost many good props for thinking too much, worrying too much.  Sometimes, I think bargaining for that extra 3k discount is a waste of time and opportunity.
*
yes, you can easily ean more than that if the property is "good". cool2.gif
brutus
post Aug 12 2009, 09:17 AM

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then would be more difficult to obtain 30yrs loan tenure right?
brutus
post Aug 12 2009, 10:00 AM

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QUOTE(jasonhanjk @ Aug 12 2009, 09:58 AM)
Exactly, my next deal will base on my age even though the SAP is solely using my sis name.
Since I am the one paying for the loan. biggrin.gif
*
huh? shocking.gif
SPA- sis name
Loan- your name only?

 

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