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 Bangi Avenue, New Township in southern klang valley

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twincharger07
post Jul 19 2017, 03:38 PM

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QUOTE(BaRT @ Jul 19 2017, 11:30 AM)
i'm not surprise. Most flipper in hard situation now.
rental for BA is not so good to cover the monthly installment.

to find a tenant oso difficult nowdays, coz lot of house available now.
how much you think 2 storey selling price can go now?

unless at center of kl, thats different story.
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For early buyers who bought at RM320k, they can rent out RM1200/month
Installment is about RM1500/month.

Tenant pay 1200 for interest while owner top up rm300 to pay principal.. owner don't lose if his money goes to pay down principal..
not that bad actually as owner do not lose if they are able to rent it out.. thus some might choose to hold until the price is right for them..
twincharger07
post Jul 19 2017, 04:34 PM

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QUOTE(honesty tan @ Jul 19 2017, 03:45 PM)
Agreed. It is just like paying the debts at nett price over long run whereby future value is smaller. Not too bad if can rent out actually.
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there are units rented out actually.
There are landed houses in Kajang that initially I tot impossible to rent but there are some demand

When house price escalate to 500k, one need to pay RM2000 for installment. So, some will resort to rent it at RM1300 for the time being. No hefty up front fee like downpayment, legal fee, MOT etc

For those owners who bought at 300k, as long as the tenant able to pay rent that is enough to pay off the interest.

So it is a win win situation.. Tenant get to stay in landed worth RM500k and only paying RM1300 rent with no upfront, while owner has tenant that help them pay down the interest...

I have another fren renting in Kinrara which the corner house worth RM1.3mil, but he is only paying RM2000 rent. He don't see the point of buying, and his landlord worry my friend wont rent from him in the future... amazing...

In next few years, I think there will be more ppl looking to rent than buy due to cheap rent and hefty property price..

 

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