Outline ·
[ Standard ] ·
Linear+
Property Investment Strategy, tricks n magic
|
Siao_Lang
|
Oct 19 2013, 01:32 PM
|
|
Wanna seek for Some advice from experience investors .
I bought a property in PJ. Under MV for RM 280k in 2010. VP after sign S&P. Stay free for One year. Cause wait for transfer. Been renting it out since 2012 for RM2.7k per month. I rented out my property While currently Staying in a Rented house for RMl .3k . My monthly installment IS Rm 1.4k. DO you think it's advisable to sell off my property now and get the profit to buy my own stay property & few more properties for investment? MV for my condo is Rm 480k at the moment. Planning to sell @ RM 500K at least.
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 02:01 PM
|
|
QUOTE(Xccess @ Oct 19 2013, 01:40 PM) Installment 1.4K while renting is out at 2.7K, this prop already giving you passive income, why still want to sell this cash cow? Go check for other available options for you to fund your new props investment. 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. This post has been edited by Siao_Lang: Oct 19 2013, 02:02 PM
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 02:20 PM
|
|
QUOTE(Xccess @ Oct 19 2013, 02:10 PM) Be patient, u already on the positive track. Wait for more input from rest of taikor. You can choose to refinance for cash flow too.  Thank you very much for your ideas  Appreciate it!
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 02:29 PM
|
|
QUOTE(Glcotan @ Oct 19 2013, 02:25 PM) You first need to know if there is anymore potential upside for existing unit... Though from 280 to 500 in 2 years is very respectable already I guess there will still be. Strong demand for the property. Cause that's the only condo in that area. Near Kampung Tunku. Less than 5 mins walk to LRT.
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 02:31 PM
|
|
QUOTE(Xccess @ Oct 19 2013, 02:29 PM) Have you check with bank on your loan capacity? Since you are paying 1.4K as rental, you can get a condo within your budget, use the master room and rent out rest of the bedrooms. Errrm, looking for landed property in Shah Alam for own stay. Cause i heard, can't really buy landed properties with G&G concept at a lower price nowadays.. Eyeing @ Ken Rimba.
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 07:31 PM
|
|
QUOTE(flyingleaf01 @ Oct 19 2013, 06:11 PM) For me, 3 props better than 2 props due to: 1. More diversified. 2. I guess it is easier to go from 300k to 400k, than from 700k to 800k? But more props more hassle, may lose some precious family time. just m2c. cheers  Yeah. I have the same opinions as well.
|
|
|
|
|
|
Siao_Lang
|
Oct 19 2013, 07:32 PM
|
|
QUOTE(DrPitchard @ Oct 19 2013, 06:07 PM) Depends on the purpose. If one has too many properties, although all are giving very good, positive cash flow, it's still best to consolidate to have less properties. For example, if one has 3 RM300k properties and is planning to get a fourth prop, also at RM300k, he/she will need at least 30% downpayment. Instead, I would rather sell all 3 and get 2 properties worth RM700k each. It's pretty much the same as refinancing, as one will be taking loans that is based on the property's current market value. Refinancing a current property will give cash but without a doubt also increase the monthly installment. Mathematically, it will work out to be the same. Yeah. I agree as well... Refinancing will add up to the debt income ratio as well.
|
|
|
|
|