Hi and dear all sifus...

my monthly net income in mids 30's - rm 5k
commitment:
1.4k force savings to repay apartment loan
800myr insurance
250myr mom
750myr phone, personal exp, food
200myr entertainment
1.6k myr balance- additional savings

I'm having one mortgage loan balance 145k currently tenanted
covering the loan repayment + force savings to repay in short tenure

cash in hand/bnak/share- 80kmyr

dilemma:
I would like to invest in another property ( double storey house ) and
rent it out, after some time, maybe i will take back for own stay as currently, i stay in small apartment fully paid

As the price of dbl stry is quite expensive, i have chosen and eyeing on subsale unit about 650k.

If i buy, i use up all my 80k for downpayment.. and rent it out to cover instalment.

If i dont buy, i use the 80k to finish off my 2nd apartment; and monthly savings, and probably finish the loan by end of next year.


Is it risky to do so, with my current income? or just forget it.
i could finish my current mortagage apt by end of year

hi felix,

thanks for advice.

I have not checked on that part, but have a thought to combine loan with sister and she is eligible as she has higher income.
But, is it OK to buy...? Or diversify the cash in hand to other investment.

My motive oF buying now to hedge the price + investment

Looks like.. maybe need to wait till i have more $$