If u could find place u like and within your budget jus go ahead.

sorry, its OSK Pangaea in cyber...can check cyber buyer profile as ref

Smart guy, u have considered very carefully before taking a commitment to buy a house(to some, it is the biggest asset)

I agreed to what u had said. However, looking into a wider aspect, you are losing some opportunities that pass by.
Yes, we need to have proper planning but not detail planning. Who can confirm future going to be?
If u think too much, worry this and that, then u may regret at the end!

1). Who can certain future economy going to be?
2). Who can sure that he has a long life?
3). Who can sure that he has x sons and daughters?
4). Who can sure that he can earn xxxxx at the age of xx?

For me, as long as I can pay the installment comfortably now and with some back up funds in the banks is very good already. If I can't pay the installment later on, I can sell the house as in long-term, the property price do appreciate.

Yes, you had come acorss one case to sell their house...but how many % of the married couple sell their house? How many married couple didn't own a house?

BTW, I m referring to own stay.

This post has been edited by firee818: Jun 19 2013, 10:01 AM

I don't buy many now wo. I bought few before 2012 and sold slowly ma.

1) I have small jv business..still have income..and some other passive income too like rental, dividen.
2) All loan apply with a bank that understands & accepts mature age borrowers like me. I often go back to the bank that i know.
3) Need to tell your bank the " exit strategy "... the bank officer might buy your stories.
4) You need to show ability to repay your loan...with some ....FD....amanah....share....fully paid off propety....something like common sence lending la. If you have that much of money. bank will be very comfortable to loan you.
5) shorten the lenght of your loan. - it show u are prudent. most bank like this especially that PBB
6) My wife still working ma. She still have employment income.
7) Can also bought "rental play" property using company ma. using company have many "tax"advantages in long term.
8) U can recorded "one loan" but buy buying 2 properties at the same launch ma.
9) I found it very easy to do "FD" trick. in malaysia
10) my age is below 45 yo ( but i lazy to work.so retiring lo)...some bank still categories me as "not old"

next time when you saw some uncle / auntie buying...can also asked them how they get their loan.

This post has been edited by tikaram: Jun 19 2013, 10:26 AM

A huge chunk of cash eg 2.5mil can b a pledge to banks. Furthermore petrol kiosk ll bring in income too, if successfully get the bid.

good sharing...

You'll be surprised that some retirees have passive five figure passive incomes! (and we're not talking about entry level five figure incomes) Now that's where you wanna head towards during your working life.... LMFAO!!!! As for Tika... I dunno him... Anyway, banks give loans on passive income as well as long as you can prove sustainable generation.

Bbb tic tac! No wonder you like 2bijis in every purchase. Kepong sentral jz bought this year also 2bijis. Total 15bijis. U DDD camp finished all of us fr UUU camp. Respect fr UUU camp with 2hands up. Some with even 2legs up. Bravo tic tac.

Again depends on the buyer's objective... like your example, you're willing to buy as long as you can COMFORTABLY afford (by comfortably you already subconsciously accounted for your future without detailing it out as much... some may not be as mentally capable as you and need to write it down... always the best policy)... and you're also open to selling it in the future when price appreciates (this shows you're more investor.. than for own stay)... I highly doubt a father of two would consider selling his children's home if prices go up!?!?!?

True % of married couples selling houses are not significant.. now... but with the new herd of freshies entering the market??? who's to say what this percentage will be??? I'm just here to share and help... end of the day, if you think you can afford (whether you really can or can't) its your decision to buy. I've done my part... so that I won't feel so bad later on...

let's assume i target RM20k/mth for passive income retirement.
assume 3% FD to generate this amount.
RM240k/annum @ 3% FD rate = RM8mil?

ok. must start buying big sweep more often.

as our gov haven't implemented the GST yet, no one know the exact taxation system. but from their website and explanations residential properties, agriculture lands and essential food items are exempted. developers do not need to absorb any input cost due to GST. Pls study the GST before putting your comments.

This post has been edited by mroys@lyn: Jun 19 2013, 11:57 AM

Smart guy, kindly explain red highlighted above?

What is standard supply?
What is exempt supply?
What is Zero-rated supply?

This post has been edited by firee818: Jun 19 2013, 01:39 PM

20k pm passive is not for everybody. tat wud have taken a lot work, inheritance.

more likely 10k pm, fd n reits can give >5pc, so 4mil wil do.
a good no. at age 40-45 have that net worth if they had worked hard, saved and invested properly over 20 yrs.
but shooting blindly or have cepat kaya mentality, cannot la!

This post has been edited by AVFAN: Jun 19 2013, 01:08 PM

From what I've read, it sounds like Tika is pretty financially sound... with plenty of backup and passive income to sustain himself if the market tanks.... However, would depend on how highly geared his business is, sounds conservative... from his old school approach... I'd think he's bargain kindof guy... i.e. doesn't lead a bling bling lifestyle... further adds to his financial strength... I dunno... just my take...

Others who highly geared, financially stretched and living a bling lifestyle on cheap credit should really worry.

This post has been edited by Rooney1985: Jun 19 2013, 01:38 PM

New motto:-

you know what you know;
you know what you don't know;
you don't know but you act like you know;
you don't know but you don't dare to ask.

No offence, I think you are the one who should study more about GST before putting your comments




mroysd@lyn does not know what he is talking about.....yet. Until he study more about GST

That is why I change my signature!

luckily you did not infringe on copyright. kekeke.
i like yours too. can i borrow?

Haha, in addition to icemanfx, now I can see another person who make himself look like a fool when it comes to GST

Yes.
Sorry! i take yours and amend it.