Aug 1 2013, 10:26 PM
QUOTE(AAAABBBB @ Jul 31 2013, 12:52 AM)
Hmmm...I'm back 33 yrs old oledi..
PKR won Penang state ..Seems like PR1MA not happening.... Scrap oledi
Saw a good new condo selling RM379 per sqft...Quite good..since most project new condo average RM450-500 per sqft
Thus I grab oledi...RM550K.. 1330sqft
Loan from bank RM300K, roughly RM1400 repayment monthly, 35 yrs loan..
Thinking when it finish built up in 2016, move over to stay since it is bigger unit..can see Penang 2nd bridge...
Rent out current condo RM1300-1400 to pay the installment RM1400 per month...
Ok ok the plan? Any suggestion? in terms I can gain more in financially? Prefer to live without liabilities if possible...
Yo bro! Manage to find such a cheap condo in island?PKR won Penang state ..Seems like PR1MA not happening.... Scrap oledi
Saw a good new condo selling RM379 per sqft...Quite good..since most project new condo average RM450-500 per sqft
Thus I grab oledi...RM550K.. 1330sqft
Loan from bank RM300K, roughly RM1400 repayment monthly, 35 yrs loan..
Thinking when it finish built up in 2016, move over to stay since it is bigger unit..can see Penang 2nd bridge...
Rent out current condo RM1300-1400 to pay the installment RM1400 per month...
Ok ok the plan? Any suggestion? in terms I can gain more in financially? Prefer to live without liabilities if possible...
Would you mind to share the condo's name?
RM 379/sqft is reasonable in Penang Island in my opinion.
Instead of dumping RM 250k as downpayment, why dont you just dump in minimum deposit and invest in 2nd unit.
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