This post has been edited by vdfoo: Dec 26 2009, 01:13 AM
pre-invest phobia (i guess)
pre-invest phobia (i guess)
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Dec 26 2009, 01:12 AM, updated 16y ago
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#1
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314 posts Joined: Nov 2008 |
i'm about to purchase my first investment unit, i have done enough homework that it tells me it's a good deal. i just cant stop thinking about "what if something goes wrong", i started to get worry what if nobody want to rent my unit (although i have already tried several ways to check the demand of that condo, it's high, and actually the unit is tenanted now anyway). i cant stop thinking if really nobody rent my unit, i really have to eat grass everyday to cover the installment. well u might tell me dont bite more than i can chew...but but no risk no gain right? can you share with me how were u feeling when u first bought ur first investment unit? most importantly how did u overcome the fear?
This post has been edited by vdfoo: Dec 26 2009, 01:13 AM |
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Dec 26 2009, 01:39 AM
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#2
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314 posts Joined: Nov 2008 |
lolx....sorry, i mean eating grass may sound a bit "kua cheong"...i still have my reserved fund for installment for close to 1 year (assuming BLR doesnt go up)...what i really worry is because my "reserved fund" is still in an investment company - Profitable Group, their HQ is in Dubai, not sure if the recent Dubai World crisis would affect...ready to cash out my investment with them in April to serve as my reserved fund...worry... worry...
Added on December 26, 2009, 1:40 am QUOTE(whtrader @ Dec 26 2009, 01:35 AM) On how to overcome you emotions. I suggest you draw a flowchart of what will might and can happen. List hopefully all the possibility and you will sleep better at night. thanks whtrader for the advice This post has been edited by vdfoo: Dec 26 2009, 01:57 AM |
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Dec 26 2009, 02:10 AM
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thanks roy
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Dec 28 2009, 09:20 PM
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QUOTE(edyek @ Dec 28 2009, 08:37 AM) Always calculate your rental in 70%. thanks edyek, but i'm afraid not too much of residential property can fetch that type of rental...especially in the beginning first few years of just purchased the property. are you getting the type of rental you are suggesting?For example, if you are found out the market rental is RM1,000 per month, thus one year is RM 12,000. You can only project RM 12,000 x 70% of the profit (which is RM 8,400), as there will be some empty months when the tenants move out/in and etc. If with 70% your income rental is sufficient to cover everything, there is nothing much that you should worry about. |
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