No difference from borrow ah long and go gamble. stupid idea only the most gullible people can attempt.

Buy studio I think still can make it amount is small

you can try, no problem wan. i have friends tried out before, bought 3 units, apply 3 different banks.

sign letter offer at once for 3 different units.

all approved 90%

no problem at all, it has been 4 months

Wait when drawdown.. Now ok of course

This post has been edited by airline: Apr 23 2012, 12:31 PM

I bought 4 units kepong central condo ( sub sales) using 2 local bank, one mbsb and one insurance company.

But I was fortunate that it was before the 1.1.2012 new BNM ruling and the condo market value is above the subsale amount 198K.

Now all 4 units rented out.

Kepong central? The one next to the cementry? Good yield?

Not bad. as I adding rooms in each unit. ( doing some partition)

So far no problem of getting student/ working adult. Maybe due to the KTM

I rent out room basic, not whole house.

So when you apply for loan, does any banker ever question you regarding how many units you bought? They all tot you buy only one unit right? Were your income qualify to get 4 loan?

I think this discussion is silly even if it is just for discussion sake and people should just avoid this option altogether. If you have the income to secure 10 loans for 10 units, you don't even have to hide that fact from the bank.

As per example, securing 3 units without the means to finance the installment payments are just plain ridiculous. Unless you have a development which GUARANTEES immediate rental returns the moment you take vacant possession. Even that, it is not permanent. Without standby funds, all you need is one default tenant and there goes your cash flow. Imagine bad times, no tenants or rental value drops below your installment payment. Worse, value of property drop. You won't be able to recoup even by selling it.

Yield is around 8% after, unifi , utilities & maintenance

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Added on April 23, 2012, 6:12 pmOne local bank did ask. But managed to silent them after putting RM30K into the flexi overdraft accounts.

Just for sharing, The condo loan I managed to get is RM216K @90% ( bank value the condo at RM240K , But the purchase price was actually RM198K) The condo give me back Rm18 x 4 units la.



This post has been edited by yankicip: Apr 23 2012, 06:12 PM

One local bank did ask. But managed to silent them after putting RM30K into the flexi overdraft accounts.

Just for sharing, The condo loan I managed to get is RM216K @90% ( bank value the condo at RM240K , But the purchase price was actually RM198K) The condo give me back Rm18 x 4 units la.

[/quote]
RM18 o, not RM18K ?

You mean you loan 18k more than your purchase price each unit? Then use the extra $ to do some reno before renting them out?
Since you have rent out all your units I guess you are pretty safe now. Well done, invest in 4 condo without paying a penny from you pocket.

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Added on April 24, 2012, 7:29 amBy the way, why are you so confident that you can find tenants for your units? Otherwise you wont do that right?

This post has been edited by ahsoh: Apr 24 2012, 07:29 AM

Initially I was not confident at all. But looking at the KV property cost getting higher and higher and at the same time I have the time to managed and copy what I did with my serdand perdana apartments. i.e renting out to Iran/ Middle east student.

If the rooms cannot rent out. I could end up disposing my other investment. I could be the one jump from 14th floor.

But, I guess if your cost is low you have that extra advantage over others who bought at higher cost.

I have some cash of Rm400K in different type amanah saham, this also help me to decided to go ahead.

IMHO usually capital appreciation is more important than monthly return. Few reason

1) capital appreciation is income tax free whereby rental need to pay income tax
2) capital appreciation usually much faster than rental return, example, terrace vs apartment, terrace will give you negative cash flow every month after deducted your installment but after 3~5 years, your property price could be double (100% return) whereby apartment after 3~5years (50% for good location), condo like kepong sentral, (0% appreciate)

3) By comparing return yield, apartment may be 8% vs terrace 2%, diff by 6%. However when come to 5yrs, the terrace property value gained more than sufficient to cover the rental yield lost

My neighbour bought a house in Subang USJ year 2008 at RM 270k and sold RM 530k last month. Don't take rental into account, only capital appreacition make her pocket earn extra RM 260k. If that time she bought Kepong Sentral, I am sure today accumulate 4 years rental also can't beat my neighbour earning. Some more income tax free for capital appreciation, if you dont declare your rental income, LHDN will come after you in 1 day, then your nightmare starts.

Of course, the method rely on rental income called 'investment', my neighbour's method called 'speculation'

Buy then wait, sounds "good"

Most houses/stocks you bought '08/'09 (during economy downturn and lowest prices) would have either doubled, tripled or even quadrupled (stocks) by now...

If you wanna do comparison, try when the economy is stable...

Yup I prefer cApital appreciation now rather then wait for rental

Somewhat +1

Your this statement is very general..
Everybody prefer that + lagi best if Rental also "thick thick"..

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Added on
IMHO:
I've had landed, condo, and apartment.. the fact is not like oldman8088 shared, compared USJ landed with Kepong Sentral is not 1:1 ratio comparison both in price and location. In overall, landed investment needs stronger holding power + could be Long HIGH -ve cash flow, unless you're buying it for your own-stay (simultaneously enjoying the capital appreciation).. but then the thing is for the same Entry Cost, the amount you buy for a Condo in a Prime Location (Location, Location, Location), you can only buy a landed in non-Prime Location.. are you prepare to move in or you already set your mind to start your HIGH -ve cash flow? Some other factors also.

Anyway, thanks for sharing.

Hi All,

I am renting my Kepong Sentral Unit Available on Febuary 2013.

My unit is facing KTM view. The floor is 9th (Not so hot and not so noisy right in the middle of the building). It will be painted and look fresh and new.

5 mins to KTM, Badminton court, swiming pool, guard house, gym, sauna, convinient shop nearby, 1 parking space (ground floor).

RM1100 per month. Contract for one year (no extra charge on contract)

Any one interested please call my hand phone

zero one nine - four one nine five five four one.

Only for Malaysian.