Should tell tis to those hoping for crash.

i am open to explore any proper inv that is not scam not mlm.

but no joke in decision on retirement. i won't dare retire even IF i hit rm5m jackpot.

+-rm10m can consider as we can have rental income & cash buffer.

You may be too confident with your government.
RM5.0 million in future is so small and maybe we can hardly survive with that.

Even as at today, you may need > RM2.0mil for a couple to retire. Medical cost is so high and they don't cover when you are 70 years old.

Want to share my exp and future plans

im 27. Started working in 2010. Bought 1st prop in late 2010 at 270k. 10% dp borrowed from papa. Paid within 3yrs using company bonus. Now staying in the unit.

bought 2nd prop at 220k in mid 2011. 0 dp after 10% rebate with DIBS. just got vp last month and under reno for rent out.

now securing another unit at 350k using company loan. MOF is 100%. Dev offer early bid rebates so i'll get 35k once disbursed.

im refinancing the 1st prop at 400k so got abt 110k cash out. Still within lockin period but coz now BNM announce new rules so i better refinance fast or else tenure is 10yrs only.

total cash in hand 145k. Plan to buy a subsale abt 200k with good yields (mentari court? Flora damansara? Lagoon perdana? Pelangi damansara?). Need 30% dp this time so ard 70k inc legal.

left 80k will put in several vehicle like gold, unit trust, etc. This amount also served as emergency fund to help my holding power when no tenants.

so taikor taijee any better way to improve my plans? Esp on the subsale part. Any other better yields unit?

thanks in advance

with all 3 props + other commitment, it went slightly above 100% lol...

but since using company loan it wont appear in CCRIS thus maintaining at ard 69%

When I applied a loan for a subsale with tenancy, the banks (maybank , CIMB, stanchart)   told me sorry we dont count the property's tenancy. So I dont think 'purchase the property w tenancy also help' is valid.

Investz bro

glad that you interested to know more, I received free invitation from my friend for next session. If you want to go meet him, call for booking. Every month there is a session.

"房屋投资说明会
之如何选择赚钱的地点"

讲师: 拿督萧家锋博士
靠房地产赚取千万 !

日期: 16.10.2013 (星期三)
报名交流: 7:00pm - 7:45pm
华语讲座: 7:45pm - 10:00pm

地点: Golden Sun Club Restaurant
Lot 35604, Jalan Kuchai Lama, KL

现场门票: RM50 / 每人
( 提前 2天 报名, 获得免费 )

报名方式: <名字><电话><电邮>
SMS 联络: +6016-233 7188

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Who do you hear from "his company will invest RM10m per year at least" ? A check to ROC he has 8 companies. 4 are enterprise, 4 are sdn bhd. Of the 4 sdn bhd, 3 are making losses based on the latest filing to ROC. The other 1 sdn bhd did not file any return. The biggest company of the 4 has assets of about RM5.5m against a debt of RM6.0m. Others are small companies. Maybe I will attend his talk and see what he has to say

Tok show is usually the speaker tipu audiences. B4 u start learning any so called trick, the speaker oledi suck away ur $$$. It's beta to try out some investment by own self. Experience is more valuable.

Now ko skin oso into kok toking liao. Running out of idea for dev n doc???

Boss u were referring to the suiside???

Yeppers, A very Positive cash flow.. but im staying in a rented house.

At least, if i purchase my own stay house, it become my own house. Instead of renting.

Need some down payment to purchase a landed property while at the same time, Wanna use the profit from the sales to use as down payment for Own Property and will buy few more other properties for investment..

Do you think it's a good move? Need more input from those experienced investors.  

Yeppers, A very Positive cash flow.. but im staying in a rented house.

At least, if i purchase my own stay house, it become my own house. Instead of renting.

Need some down payment to purchase a landed property while at the same time, Wanna use the profit from the sales to use as down payment for Own Property and will buy few more other properties for investment..

Do you think it's a good move? Need more input from those experienced investors.  

Hahahaha, triumph card for a net profit of RM120k only? LOL
That means a tax of RM12k if within 2-5 years.

To make matters worse, exemption is for RM10k and below.

I think I'll only use triumph card much later on in life, then dealing with profits of a few hundred k...

developer will cut down new project launches .. good for existing market!