May 12 2013, 11:23 AM
QUOTE(mlpk @ May 10 2013, 11:04 PM)
hope it can sustain. few ss2 double storey 24 x 80 terrace renting for rm1.8k have been few months vacant no takers with many agents still advertising(alot of prop agent are bullshiting around saying have ready tenant etc. when have property to rent , agent will say difficult and have alot of excuses here n there and when dont have will say have ready tenant. boosting around)
Never believe in them. better do it on our own and save 1 month rental.
Not an expat area can the rental go higher or fetch price. Even sharing the rental among few sub tenant is difficult. collection part will be the problem for the head tenant monthly right. not furnish some more. touchup wear n tear parts etc. alot of hidden cost invovled
property renting is still low in this area.
As heard from few existing owners of the double storey house, water leaking from roof and replace of the whole roof tiles of the house need at least rm40k++. Renovate or fix wear n tear will be costly for a old house/shop. so if buying a house almost a million and renting rm1.8k (difficult to rent out ) and if for own stay need to renovate the 40++ year old house, few hundred thousand ringgit need to fork in to tear the place down and build and renovate it. is it worth it?
The question is if for investing purpose the rental is out. will property go up ask yrself. if rental dont fetch price will property go up.
wondering just see how long it can rent out or last (hidden inflation cost is getting higher, and see it can be sustain. its not going in tandem. loop sided ways will break off sooner or later not balance)
its like investing in share market, margin account buying shares qty with borrow $$. instead of property nor shares buying ahead with incurred hidden interest waiting for it to go up else will eat in to it by the interest. Property run or share market Bull run.
eg.
invest in property rm500k will go up in future but limited and tedious to sell and takes long time and tedious process to get $$. alot of hidden cost/maintenance/tax/fees etc alot of parties involved. min 6 months
invest in share market rm500k buying blue chip eg genting (bull run coming nobody knows) paper gain/loss with dividen/bonus/split issue etc. 3 days can get $$ after selling
just different scenerio of investing
Never believe in them. better do it on our own and save 1 month rental.
Not an expat area can the rental go higher or fetch price. Even sharing the rental among few sub tenant is difficult. collection part will be the problem for the head tenant monthly right. not furnish some more. touchup wear n tear parts etc. alot of hidden cost invovled
property renting is still low in this area.
As heard from few existing owners of the double storey house, water leaking from roof and replace of the whole roof tiles of the house need at least rm40k++. Renovate or fix wear n tear will be costly for a old house/shop. so if buying a house almost a million and renting rm1.8k (difficult to rent out ) and if for own stay need to renovate the 40++ year old house, few hundred thousand ringgit need to fork in to tear the place down and build and renovate it. is it worth it?
The question is if for investing purpose the rental is out. will property go up ask yrself. if rental dont fetch price will property go up.
wondering just see how long it can rent out or last (hidden inflation cost is getting higher, and see it can be sustain. its not going in tandem. loop sided ways will break off sooner or later not balance)
its like investing in share market, margin account buying shares qty with borrow $$. instead of property nor shares buying ahead with incurred hidden interest waiting for it to go up else will eat in to it by the interest. Property run or share market Bull run.
eg.
invest in property rm500k will go up in future but limited and tedious to sell and takes long time and tedious process to get $$. alot of hidden cost/maintenance/tax/fees etc alot of parties involved. min 6 months
invest in share market rm500k buying blue chip eg genting (bull run coming nobody knows) paper gain/loss with dividen/bonus/split issue etc. 3 days can get $$ after selling
just different scenerio of investing
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