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 How to get started to invest in property?

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lamode
post Jul 29 2010, 11:04 AM

anything could happen!
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Joined: Jul 2007
QUOTE(jam_lennon @ Jul 28 2010, 11:38 PM)
ok la, to many sifu here... i'm reading regarding investment in properties, i got read the book recommend by alot of ppl here, azizi ali "how to bcome millionaire lardlord" (or similar name)

1 big question puzzle me, let say rental bringing positive cashflow (minus loan repayment, repair cost, maintenance fees and every misc fees/cost) is just rm200-300. thou it is +ve cash flow but however is still not good enough to cover my monthly expenses. even like sifu Pai he menage to rent his properties to a international student @ 2.2k but i guess it just bringing cash flow like +800, i believe that one is rare case. i wodner even i rent out 10 properties, i still only getting like 5~6k max mai 8k rental per month. i still think it is pretty risky when fail to get tenant and 9/10 properties is under mortage...
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that is why there is a saying that leverage is two edge blade.

location is very important here, you dun wan to have many properties that is on hard to find tenant location.

 

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