down down down

Agreed

Unlikely to happen

Have been surfing for long time, wanna share my experience too!

I joined the game last year and never believe in new launch or flipping strategy. It just doesn't appear to be sustainable, IMHO. Wondering why youngster like me (turning 25 soon) has such an old skool thought.

I bought a Setapak condo below 300psqf last year and Ampang apartment below 350psqf this year. Both are subsale with self sustained rental income. In fact, I got extra cash flow to cover the rental of my tiny room. (Yes, I'm renting). Both props are on auto-pilot mode (I don't fork out money after acquiring it) so I can sleep well.

Any taikor is kind enough to enlighten me for new launch play? I can't cross the barrier where loan interest is higher than rental and don't BS with me that locals can afford 3k rental.

I am awed by you since you are only 25 and can buy 2 units and willing to rent a room yourself to stay. my question to you is both also 90% loan? do you cost in your agent fees and your cukai pintu and yet you can get positive cash flow?

Yup, I got 90% loan as I will not buy above valuation price. The valuation price is there for a reason. I grad from a local U. In term of living, I'm pretty satisfied when the basic like accessibility, privacy and cleanliness is taken care.

I have factored in all chapalang costs like assessment, maintenance, indah water and even a small reserve for fix and repair. (I've never used it up though, touch wood, lol!) I don't pay agent fee. I advertise the Setapak one on my own and Ampang one comes with tenancy. The Koreans tenants will stay for a few more years.

not bad!
good for you to have this kind of thinking and attitude.

no doubt, your way is the safest

Yes right, now we are using 70/100 of nett income to calculate

not too sure abot this......
bankers getting more strict.

Taikor, I follow many of your comments! I think it is safe too! However, I can't duplicate this strategy anymore due to two huge barriers, the 30% LTV and the sibeh low yield. I have thought of two transforming strategies. First, it is to venture into short term stay to boost the yield. It requires more effort and a good system to maintain it. Second, I would have to go commercial or factory. That means I need longer time to earn bullets. Do you have a better game plan to share?

Some ppl flip a few condo and managed to fund a new landed without any loan. its a real story from someone who invest since 2008. Isnt that is more rewarding than playing rental? And stay in rented room. But ofcoz, no one can predict the future. Late comer into the party hold the highest cost of entry. need to be extra careful. Thats life. But early flippers already hv hundreds of thousand in their bank. They dont stay in rented room.

When you are talking about reward, do you take into account of the risk that you are assuming? Party doesn't last forever and we will know who is the naked swimmers when the low tide comes.

Also, when are talking about being extra careful? What strategy do you have when the storm comes? My income can withstand a 10% of loan interest while no one is renting either of my props.

Well, maybe I just don't have the gut.

Prudent strategy will last you forever !

when u plan to hv your own house then? keep renting forever? my income and saving can last me 2 yrs of loan... no need to rent, no need to borrow...n i already hv my own landed house. if u do not have the holding power... then u better play safe... nothing wrong... ppl keep saying crash will come... but who cares? early flippers hv a lot of money to withstand increase in BLR.... as i sed earlier, late comer hv higher entry cost... that's y they need to be careful.

how to move forward?

here is my thought and plan.

i am a final yr med student n yet still dont have any property in my hand. right now, my only choice to invest is ASB loan as it not require any work to maintain it. but right after my grad i will look for a house to start in this game. but i hear from somewhere they said ASB will affect our ccris. should i terminate it for capital or just continue paying it. bcoz my early target for ASB loan is to get a cash of 1Mil approx after 25 years. not in a liquid form (properties).

i know real estate will give more reward if we do it long term. i think fresh doctor dont have enough time to enter this game right after grad. at same time the house price keep rising. so what u all suggest?

If I have cash $1mills basically I can retire early as I can put into crude oil investment and earn 12% per year which is equivalent to $10k per month. enough to make end meet.

sounds like robert kiyosaki style by entering crude oil inv. great suggestion there. but i still wanna enter real estate inv in the mean time (during works day) is that possible? still working out on how the way i should approach my financial management

Locking period for crude oil investment is 2 years slightly shorter than real estate investment and lower entry cost at $5k.