I'm a banana

agree cyberjaya have tonnes of student and expat

the exit plan i suggested is for worst-worst case scenario , like other forum-er suggested , if no one rent

TS, your trick and magic is dangerous bro.

Cyberjaya you've to be really x many times picky, you know what I mean
* x = multiply

This post has been edited by ecin: Oct 4 2013, 03:56 PM

Let me share some of my property investments so far. Turned 28 this year and thought that I had enough of renting and paying for other peoples dreams. I decided to invest in my own dreams!



2013 - This is the year I BUYBUYBUY after many years of hard work and savings.Bought a condo in Mont Kiara for about 900k,then another studio in Mont Kiara also for about 600k.

With all the Bank Negara restrictions,it was one hell of a struggle to get loans. But finally got the 90% loans required after being rejected by many banks.As it was my first 2 properties , it was easier for the banks to look at my application.

Luckily for me my DSR was only 45% which was well below the limit of 80%.I found out that maintaining a clean record in your CCRIS is so damn important!

Anyway, 2 properties in a year is enough for me...but more to come in 2014!!

This post has been edited by Mamapapamsia: Oct 4 2013, 04:21 PM

wow, only 28, so yound and able to buy total of 1.5mil property, your salary must be super high, Salute

very impressive..1.5 mil affortability

U must b earning > 30k/mth

Sharing mine..

2 years ago I bought a 1-sty terrace for 375k (now market vallue 550k-600k), then this year just signed S&P and secure a 2-sty terrace for 760k (self estimated 5 years down the road will reach 1M), so my loan profile up to a million debt already...

My strategy is to combine both property investment and share investment, where later I'll re-finance the house, cash out then put the money into share investment. Earnings from shares will eventually goes back to cover the property loan.

The main point of the strategy is by using the value stability, high leverage power and low interest rate of housing loan to get cash to invest into shares for it's high return rate. Rental income is merely a bonus as rental for terrace is low.

This post has been edited by sschong: Oct 4 2013, 06:32 PM

Reverse calculation

1.5M loan 90% would 1.35M. Monthly installment around 6.75k if 30 years loan. DSR 45% so nett salary is around 15k. So gross salary would be around 22k. Very geng for 28 year old to earn that much and also bought 1.5M property.

Good one man bro.

Keep it up and one day you can be like me. Turning 30 this year and sitting on 50M worth of properties, with my model wife, my Lamborghini Diablo and my Premier League football team (hey a man gotta relax somehow, right!)

Oh, you were being serious....?

U assume dun have other loans like car, personal n etc

While your strategy is definitely a viable strategy (family member has used it well in the past before), one would do well to remember that the share market is not always a money generator, nor is it consistent. No doubt one can earn a huge bundle from the stock market, but those earnings are rarely consistent month-on-month (unless one relies on dividend payouts, which are hardly high enough to cover the refinance costs).

There will be months you will earn, some you will break even and others where you will lose.

One way you would definitely profit from this strategy would be if you expect median property prices as well as the KLSE to both appreciate significantly over the long-term from the current levels today. This way, you would be able to profit on both ends with leveraged money.

In order to be a proponent of this strategy, however, would be to be bullish about Malaysia's outlook in general over the next 5-10 years (at a minimum).

On top of this, he managed to accumulate RM150-180k in CASH by 28 years old to pay the downpayment of the property, S&P, etc etc not including rennovations.

Young people today, really awesome.

Have to take my hat off to this young man....

yeah, im just wondering if any vacancy available from his company?

Just want to spell out ny true feelings after reading this thread...loads of BS story here i think. No offence, just expressing my feeling right away.

Well, ur not the first to say that. Thr r so many negative ppl in this world. I am so used to it.

Oh well, life just goes on.

Yes understood what you mean, share market is risky, but as I have been in investing share market for 7 years+ experienced both bear and bull markets, realizing on the share market power, I think that this is a strategy that fits me....

What? ONly a Lambo Diablo? Come on bro, i was expecting an Aventador at least!