Before I start, let's have this thread focus on strategies n methods instead of bashing others, I'm sure there are other taikor, leng lui, leng chai and smarter people with better strategy out there.

Saw some comments @ MOVE TO COOL OFF PROPERTY INDUSTRY COULD BACKFIRE, so let me share mine in here since I am 25 and I believe in knowledge sharing.

2007 - I had my first fulltime job when I was 19 with about 2k+ package in IT industry, renting room here n there. Prior to that I was a student with about 3 years exp in FX trading and fundamental of investment, played it on my own free time as an interest n source of money.

2009 - close to 3k package. I had enough of renting, after few month of searching, i bought my first property, a 3 rooms condo in cheras @ 210k. It wasn't easy to get a loan from bank, but it was do-able and I did it. I used my savings + money from investment n trading + loan from my mother + loan from bank. Moved in with minimal reno n basic Cavenzi furniture, rented out the master room n mid sized room...




2010 - Bought second property, 1120 Park Avenue, it was the HOT n affordable, so called high end flat at 265k. I shared name with my brother as we both wanted to invest, but lack of cash & borrowing capability, by joint name, we secured the loan. btw, we applied few banks, only one approved.

At the same time, I realized that I had to somehow increase my income to increase my borrowing capacity. Took some professional certs n started to job hop, by the end of 2011, my package was around 5k.



2012 - Getting some side incomes, played around with 0% credit card balance transfer etc etc, nothing much to shout.

2013 - This is the year of reaping of what was sow
- Planned to refinance my first condo, as the bank valuation is ~360k, but decided against it due to failed to get a loan with early exit penalty waiver.
- 1120 PA is completed, before the VP, I sold the unit to my bro at about 380k (market price was about 400k at that time tho), we will sort out the paperwork next year. He then rented out with our names in tenancy agreement.
- Just before CNY, I bought two units of SOHO in Cyberjaya, for a total of around 550k under commercial title. Managed to get loan by standard income docs, tenancy agreements and some FD certs.
- With package close to 5 figures. Now looking at EkoCheras which is less than 5 mins walk from my condo, the project priced at ~750k, hopefully it works out fine
- For a better or worse future, now my debt exceed 1M, and for greater good, it might be 2M in 2014.

2014 - Refinanced at the first condo since bank value it at 480k.

2015 - Unloading and loading this year.
- Loaded 2 units Nidoz by Exsim in AUG, loan settled, SNP target End of DEC.
- Sold the first condo in OCT.

2016 - Finally signed the SNP for Nidoz.
- Sold 2 units of Hyve SOHO Cyberjaya.

Think positive, learning, planning and actions are main drivers in my life over the years.

Prop	Location	Purchase YR	Sell-off YR
Awana Puri Condominium	KL	2009	2015
1120 Park Avenue Condominium	PJ	2010	2013
HYVE SOHO (2 units)	Cyberjaya	2013	2016
Nidoz Condominium (2 units)	KL	2015	N/A

This post has been edited by lamode: Dec 26 2016, 09:18 PM

Impressive.

Thats encouraging but looking at situation now...very hard to grab any prop <300k and we're earning about the same salary =(

yup, its not lucrative as it used to be, but isn't that just the nature of any business?

<300k prop in KV, still got. The question is whether flat, shophouses and smaller sized SOHO can fit into your eyes or not.
There are hell lot of SOHO/Studio <300k in Cyberjaya.

This post has been edited by lamode: Sep 30 2013, 04:16 PM

you got a good start if the best (those first bought in 2008)...
now the property price is just too crazy...

The difficult part is how to start from starting pay of RM 2K + and grow to package close to 5 figures in 7 years.

A lot of time is that you have enough down payment but the low salary can't justify your capability to pay monthly installment.

Please share more granular info...You have total loans of 1 million.... Your monthly loan installment is ???

So that means your total income is ???

Even SOHO in KV is above 300k thanks to hardcore inventor. Only option is lower cost area and buy subsale.

Normally lower cost area translate the rental is negative cashflow. This will deplete ur savings for future downpayment.

Buy subsale need high cash outlay. Eg: a RM 300 K property cost 10% downpayment which is RM 30K + lawyer fee, stamp duties etc which total about RM 50K.

Practically, one need few years to save RM50k. So, not easy to get another property in few years.

Wonder how TS got to buy 2 units cyberjaya property in 1 go.

I just purchased at 250k before CNY, the price is up a bit now, but still below 300k for sure. last mth I chk, 80% sold only.

search around topics about dev on cyberjaya.

It's a new project, come with free SPA + loan agreement + DIBS (i opted out for one unit) + some cash rebate.
Booking fees was paid with credit card, and the balance transfer strategy was partial used.

hondaracer monthly installment is around 3k for both condo. The rest not yet started to pay as still under construction.

This post has been edited by lamode: Sep 30 2013, 10:03 PM

TS got income from forex and other investments ...

Got friend work with hasil

rpgt 30% start already since 16 spet.

Not announced yet but can start charging 30%?

Didn't hear that it is implemented...
For <2 yrs from spa date? What about 2-5 yrs?

Gov havent declare anything yet. Can increase diam diam one meh?

How about investing in retail lots@The Two,Rawang R&R Station?

price starting from 350k for a 171sf shop lot

Nice sharing

Started working at the age of 19 means one yr after spm? Really impressed by the way u struggling thru ur career n how u invest. Tx for sharing bro!