If you have followed Milan Doshi, you will realize that this property expert buy properties for investment for rental and capital appreciation. While he rents his properties to people, he himself rent an apartment for himself.

Do you do that? And, why do you think this is or isn't a wise move?

This post has been edited by leongal: Jan 23 2010, 04:20 PM

I use to do that when I first start out investing (at least something similar). I rent out my shoplot (Grd, 1st, 2nd, 3rd) and I live on the 4th. All the rental collected are enough to cover the bank loan and even cover up my monthly expenses for -+RM 500.

The basic is there. You rent out your property and cover your loan and still have some leftover, and by using that leftover you rent an apartment. I should say this is a wise move if you do not have extra capital to invest in.

Beware that only to calculate your rental income 70% per year as 30% is allowance for tenants to move in and out and others issue.