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 Property Investment Strategy, tricks n magic

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Candlenie
post Sep 30 2013, 04:08 PM

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From: Kuala Lumpur


Thats encouraging but looking at situation now...very hard to grab any prop <300k and we're earning about the same salary =(
Candlenie
post Sep 30 2013, 09:17 PM

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QUOTE(lamode @ Sep 30 2013, 04:15 PM)
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.
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Even SOHO in KV is above 300k thanks to hardcore inventor. Only option is lower cost area and buy subsale.
Candlenie
post Oct 1 2013, 01:27 AM

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From: Kuala Lumpur


QUOTE(jastan @ Sep 30 2013, 09:40 PM)
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.
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QUOTE(lamode @ Sep 30 2013, 09:42 PM)
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.
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Forget to mention just looking for own stay. Forget about investment house when you don't even have a proper place to stay :-S

Btw TS mind to share why you look so highly at Cyber? hmm.gif

 

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