Hi Forumers,

Now I've manage to rent my apartment which I bought at 142k (still under bank loan of coz).I've rented the apartment at RM 800 (which I still get a small profit after pay my loan to the bank).Now with this RM 800 cash in my hand...I quite confuse on what should I do with it. Here are the option that I've manage to come out :

1 - Pay double the amount to the bank ( e.g tenant = rm 800 + my money = rm 800 = RM 1600 monthly to the bank ) so that I can cut the interest that has set by the bank. ( my loan is in 30 years so total amount after 30 years is more than RM250K!)

2 - Invest it to another investment scheme ( e.g Mutual Funds, Gold, Stock..etc)

3 - Save it as my extra buying power.

Those who has experienced like this do share some of their knowledge. Its good for the newbies too. . Thanks!

Pai y do it 9 times only?

True but 30 yrs down the line, 2 mil & 15k per month are not a lot of money due to inflation  . I guess we have to do it more than 9 times to beat inflation.

ehl,
u don't need 30yrs to get 9units, u can get next 9units in 10yrs. U may need 20-30yrs to fully own the 10units with the income generated from the 10units.

Flipping is one of the fastest way to build up your war chest. Like always, the risks are there but there are also always ways to minizime the impact if the project goes south.