on the rental side, better check with other units. the agent/owner might bluff you because their intention is just to sale the property. had experienced with this kind of trick. agent told me current rental at that time was 1,500 but when i figured it out, it was 1,200. when i raised this up the agent, he said that rental rate his mentioned earlier is the one i can charge after i bought the properties...

how to trust agent?

Eddy, I can get 30 years of loan tenure because (I'm still young, hehe..) but your calculation is correct. I need to lengthen my loan tenure even up to 35 years then only I can breakeven (this is also provided I pay only RM10K downpayment).

The orange color of Pelangi Damansara is middle cost or low cost? RM1400 is the real figure because I have met the tenants there yesterday. My agent is also my friend, if he lies to me, meaning he will lost the whole gang of my friends. I trust him.

So, does it mean if I can pro-long the tenure to get my monthly repayment RM1400, then this willl be a good buy?

rental is quite subjective.
it may varies 100%; my search shows monthly rental for an apartment can varies from RM800-RM1800 depend on the the conditions and furnishing.
For your case, RM1500 and RM1200 is not a big variation.

Who will pay rent on vacant low cost apartment? Could the tenant is phony? The seller forego 10 months (RM8,000) rent for extra RM45,000.

There are colleges nearby. Tenants can be students

Owner wants to sell so that he/she has extra money for other business.

What i'm trying to say is, you have to verify those info. I bought a house which was rented out that time. the agent told me that the owner rent it out 1,500 per month. i managed to find out that actual rent was 1,200 for that particular unit.

yeah...don't trust agent. I have a few friend have bad experience with agent.

may be your agent also conned by the owner.

I have a few agent friends also have bad experiences with buyers.

maybe bad experience with me. i rather do it to save myself 10k and seller earned extra 7k++.

Cant deny 90% LTV on sub sales prop (even with 30 loan tenure) are hard to have positive cash flow these days.....
@debbieyss, u may hav to look into the bank valuation of the prop. Lower valuation means u hav to cash top up the difference....

UUU CAMPER Wasting time in prop discussion forum?
UUU camper came for info or promote prop in prop discussion forum.... Easily understood.
So wat is DDD doing in prop discussion forum since they despise prop now? Time well spent for DDD?

I am confused with ddd camp. Not sure what are they doing here? Some ddd camp like TIKARAM even more confusing themself. Every thing about property is bad bad bad in this forum. Really damn bad. But whn come to buying spree, even the uuu camp also have to 2 hands up if try to beat him.

His total buying = 14 bijis. Breakdown for most pessimistic ddd camp TIKARAM as following:

1. Empire Damansara = 2 bijis
2. C180 = 2 bijis
3. Jadehill = 2 bijis
4. Kepong sentral = 2 bijis
5. 7 tree Seven Residen cheras = 2 bijis
6. Alam Sanjung = 2 bijis
7. You city = 2 bijis

TOtal = 14 bijis fr 7 development (both new and subsales)

Tell me, whom fr uuu camp can beat this fela?

This post has been edited by worgen: Jun 17 2013, 02:50 PM

I salute u Conan Detective

As i know he got 1biji in cyberjaya (Setia eco glades)....

This post has been edited by blowwater101: Jun 17 2013, 02:59 PM

Yes, I'm checking with the bank. Will know it soonest by this few days.

For me, investment property I will try to get loan tenure as long as possible to reduce the monthly cash outflow. As long as I have tenant, I don't really mind sharing some of the rental income with bank. It is the tenant who pay my bank loan anyway

I think the orange one is middle cost. The apartment fronting LDP is flora damansara which looks like low cost. I am not that familiar with the place though so didn't know the price went up so high

Like Appreciative Man said, try to get the bank to value as per selling price, so you don't need to fork out more initial capital.

The last thing to check would be the monthly management fees, bi-yearly assessment and quit rent. Total up it may be RM100+ per month (assuming no swimming pool, gym etc which the management fees is cheaper)

Are you sure on the price?

You did not state the size. I see at asking at iproperty for 1000sqft up is above 400k. The 280k-300k ones are the smaller ones 700-800sqft.

For investment purposes, always lengthen your loan tenure. This reduces your monthly burden and improves your credit rating for future purchases. But if u have to lengthen the period just to afford the property then the property isnt for you. Same with car loans. Another thing to note is to always get loans without lock in period. This will allow u to flip or refinance.

The bank replied, the unit I'm targeting worth only RM250K, which means I need to fork out another RM100K (including S&P fee) to buy this unit.

The size is around 790sf only.

Yes, I agreed with you.

Buying a property with over 15 years loan tenure is not unlike buying a car with 9 years repayment. During 30 years loan tenure, the borrower is almost certain will experience 3 or 4 recession. Unless s/he has the reserved to sustain through the bad time, s/he could be underwater or drown.

This post has been edited by icemanfx: Jun 17 2013, 08:08 PM