QUOTE(edmx @ May 15 2012, 10:28 AM)
Refinance, you will need to reevaluate your house price, if ada appraisal (selalu nya ada) bank will pay you byk difference, e.g. your house price goes up to 300k while you only bought it at 200k. You get 100k cash to yourself. then go buy a bike. But this will also means your monthly commitment will increase.
deswai u kena kasi rent out to the highest paying tenant.
ini gua kasi up 1 eg.
u house A.market price rm 200k. avg rental rate rm1k, non furnished, rm1.5k furnished.
so u buy, with loan ka, duit ibuayah ka, duit songlap ka. i dont care. plonk another rm10 - 15k to get it furnished. kitch cabinet, wardrobe, fridge, washing machine n furnitures. get it sewa rm1.5k
then refinance lah. for rm300k, monthly will be avg rm1.2k, so if tenant is paying rm1.5k, ul get rm300 extra every month. n on top of that rm100k of the price difference. well lepas tolak rm15k for reno tadi, legal n hat not of rm10k. u stil hv rm75k. rm75k = yesteryears superbike d.... u go enjoice2 ur tenant is paying lah..
des 1 rumah, kalo u ada seploh rumah..
*this is best senario on average assumption lah joess...