Exactly! we can't predict the future so let's focus NOW and get what you need. Perhaps you could setup a fomula for yourself.. like eg for me:

30% is used for property home loan repayment. - this would give you an ample buffer incase shits happen you could stretch it to 35%, 40% and to be continued.
9% is used for hire purchase repayment. - calculate them to include your roadtax and insurance as well so you do not need to worry whether you have the money to pay or not when time comes.
3% is used for insurance.
3% is used for PTPTN repayment.
15% is used for monthly expenditure. includes makan makan, jalan jalan.

For my case my other half is paying for the utility bills and other etc so I just focused on this figure and play by it. The rest is used to save up for rainy days and also for more bullets when time comes to reinvest the money. Reason why I don't use all up to finance my property it's because you have to factor in the risk... incase shit really do happen you could stretch the 30% > 40% or even 50% and you will still live like normal with less savings perhaps.. Reaching 60% is just too dangerous.

it will be longer than 6 months.. be prepared..

yup but usually the SNP stated would be for 6 months la. cause my family just sold one of our terrence houses to a government servant back in ktn.. it took a whopping 10 months time to get the process done. my dad was nice not to collect the interest which exceeded by 4 months.. else he would have another 10 - 12k pocket moneh.

bro the delay part would usually be by the vendor in your case.. if i am not mistaken la.. you are buying from someone who took the government loan right?

yup bro but better ask your lawyer to change the term la. after all you paid them to get the job done right.

Simple calculation? Property is a different kind of investment ma. let's say if you have 3 condo.. You only stay in 1.. 2 you are renting out.. Someone is actually paying the installments for you and in x number of year when you sell the property.. Whatever gain after deducting everything from the bank, that's actually a net profit remember to deduct lawyer fee's and downpayment when you first purchase okay..

Back to the question.. though you have 3 owing the bank but on a monthly most probably you are paying for 1 1/2 payment or even less for my case. Calculation? Installment rm1000 + rm1100 + rm1800 + 165 + 165 + 180. Rental collected RM1500 + rm1400.
Total installment you are paying = RM4410 to the bank and management office
Total collection = RM2900

Actual amount paid monthly? RM4410 - RM2900 = RM1510. I would not factor in cukai pintu, indah water or whatsoever la.. you buy stock equity there is also charges la right? just factor them in as etc costs.

This post has been edited by kidmad: Aug 15 2013, 12:50 PM

yup pretty much you are there.. just like buying stock there is risk of losing as well.. it's just that the risk are 2 different kind of ball game.. on a 2nd thought.. even if the property does not appreciate and you sell after the 5th year with the same amount you bought.. let's say rm250k bought and sold at rm250k.. you will still be making let's say around rm40k? That's due to the person who is financing the property for you at the sametime.. However most likely it would not be @ 250k anymore by the 5th year.

haha good luck bro.. to be really honest i got no idea where is that. hahaha

first year i think 90% then 2nd year 80% 3rd year 70%.. then 4th and 5th more and more will be going to your principal. If you are purely flipper living and relying only on the installment then yes you are. But if you are pumping more money in on top of what you are getting from then rental.. then it's a different story..

take for example.. rm1000 is your installment.. What if you are paying rm1500 instead?? and what if you have the extra money and you are paying double monthly? Do the calculation.

read my previous post before commenting la.

and when you talk about inflation.. it's even worst if you keep cold hard cash. u know that right?

All you need to do is calculate the rental you are collecting. RM1.5k x 12 x 5 = rm90k.

So next calculate the total installment.. RM1k x 12 x 5 + rm165 x 12 x 5 + rm7.5k.

Do a simple math and now tell me are you losing money? Man such simple maths and you failed.. no wonder you joined the down camp I suppose? Don't just bash without thinking. start to use a pen and paper.. with your calculator.. do calculations to everything you about to doubt..

Oh shit.. I have not even factor in if the rental increases... nah nvm.. the above is good enough to justify as a quick glance calculation.

This post has been edited by kidmad: Aug 16 2013, 06:32 PM

for someone who had already bought my 3rd recently. Im pretty aware of where i'm putting my money in. perhaps your finding excuses to justify your points? You are talking about a investment which doesn't make any appreciation please do not compare with FD or anything. If you are doing a deposit why are you comparing with a investment?

Next again you are wrong.. taxes and fees like? please dont just say tax and fees dont assume. renovation cost have you calculated how much you need for a decent one? Let me tell you it's approx rm9.5k which i've included as part of my initial payment. agent comission? hello it's part of the 10% what talk you? SPA legal feels loan legal fees do you know how many percent you need there? Let me give you the exact amount for a 250k home purchase. cause i still save my formulas.

Prop 250k
DP - 25k
SNP - 6.7k - 2.5k rebate if it's your 1st home
LOA - rm7.5 inclusive of mrta
repayment for 35 years? RM1071

rm9.5k to have 3 airconds - 2 water heather - washing machine, fridge and that's all you need. the rest all for KC.

As for the highlighted part i've done that.. it's no rocket science.. 3 years back there are abunden of rm250k condominium. Google up my property. puri ayu condominium. Check out the price and check out the rental it's always between rm1.4 - rm1.6k. Some ppl are even more greedy wanting rm1.8k. Again i've done that and it's not an assumption. Perhaps you are the one who are making an assumption.

Oh and how often property at such price doesn't appreciate? Oh so now your UUU camp? and again i'm here to stand.. you are not going to lose even if it does not appreciate. If you are selling them in the 1st 5 years then yes but after 5 years selling it? no. Why? I've calculated it in my excel spreadsheet on the breakdown of cost TCO and ROI.

This post has been edited by kidmad: Aug 16 2013, 11:28 PM

Comparing FD vs property investment? Hello!? propperty investment do not guarantee ROI. seremban 2 were talking about stock exchange vs property investment.. and now another bloke comes into the property forum talking about FD? On top of that loongchai answer my simple question. Will Ali, Abu, Ah Chu or Ah Kow pay for your safe deposit? Will they give you the money willingly so that you could bank in RM1.5k to your fixed deposit account? If no.. then stop comparing fixed deposit with property investment. :x such simple comparison also dorno how to think straight.. Y

Bolded part.. You make me laugh hard. :lol: It's rm285k only if you continue serving the loan. On the 5th year if you were to sell @ rm250k. Calculate how much balance you will be getting from the bank la. Perhaps that's the reason why you still don't get the point where i said you will not lose money in the end. :lol: You do know mortgage doesn't work the same with hire purchase right? My annually statements came to me.. last year was balance rm218k.. This year balance most likely rm65k.. rm65k 4.4% interest per annum.. That's something which i could afford. :blush: All my savings went into the home loan current account. :)

The other crap you posted i'm going to ignore it.. cause I obviously told you i bought at rm250k and rm265k respectively. I do not know why are you calculating RM350k property investment. :x If you buy i t today.. You should be looking into another place where could yield you better appreciation / rental income and not Puri Ayu. Regarding the agent part and also the other balance which you need to pay.. Those are variables which if things changes within the next 5 years.. Are you telling me that stocks unit trust, bonds ETC they do not change, fluctuate, or lose within the next 5 years?.. on top of that are you gonna make money if there are no changes within the next 5 year? So now tell me... Compared to my property investment VS stock exchange.. Considering mine had appreciated.. which had given me better result? Have i not told you that both unit of mine comes with 2 parking as well? :D

So in the end.. If my property doesn't appreciate on my 5th year upon selling.. I will still not lose money period. Perhaps you should provide me your property investment which does not appreciate and you will lose that much money as mentioned? With a better example then you would most likely give me/us a better idea on why you would lose money. :)

Bro.. fixed deposit might be an investment but those are for ppl who would not want to risk it. Seremban_2 started with stock exchange and we do agree it's different kind of ball game.. And now someone came in here and talk about fixed deposit while we are talking about rental.. Don't tell me some other ppl would be investing in your deposit monthly without anything in return lor.. Totally irrelevant comparison.

This post has been edited by kidmad: Aug 17 2013, 10:50 AM

Ini i kena like.. where is the like button.

40 years only it's 100%

This post has been edited by kidmad: Aug 17 2013, 12:02 PM

thats the problem these days when ppl don't read.. i'm doing a comparison to show seremban_2 even if property price do not rise we are not losing money. Adding on you from which era one? Heard of things called REIT bo? Ambank buying so many towers what is that? They buy for fun renting it out for free? whether y ou are the UUU camp or not i don't know but 1 thing for sure.. You seriously got no idea what are you talking about..

This post has been edited by kidmad: Aug 17 2013, 10:05 PM

Loongchai, let's talk about fact. you are the one saying why don't bank buy it themselve.. now when i told you they did and this is what you have to say? I guess some ppl's ego are just too great to back out.

kepada boss boss and taukeh taukeh sekalian.. should i cancel my fixed deposit.. take all the money out and buy US dollar? i very takut now.. keeps falling our currency.. damn it.. i change thai bath last month.. rm1k can only get me 9.4k++ bath.. sakit nyer.... use to be 10.2k bath last time.

indeed!!! damn... the other day the moment they say drop... selling 9.7 i fast fast beli liao.. rm1k for my BKK trip and rm1.5k for my krabi trip next month. muahahaha.. now i see drop i lega abit. hahaha but why they say Thailand also going into recession period? to me it's like ringgit getting weaker.

now side impact still not that strong ye t. imagine you ada RM100k.. if you buy USD @ RM3 to 1.. it's like 33k however if you beli @ RM4 when i spike up.. then you miss the boat liao.. i was thinking would it be like last time where ringgit went up to rm4.2 to 1 or rm3.8 to 1.. those making USD that time sibeh happy.