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 Property Investment Strategy, tricks n magic

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jastan
post Sep 30 2013, 05:04 PM

On my way
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Senior Member
510 posts

Joined: Jun 2012


The difficult part is how to start from starting pay of RM 2K + and grow to package close to 5 figures in 7 years.

A lot of time is that you have enough down payment but the low salary can't justify your capability to pay monthly installment.
jastan
post Sep 30 2013, 09:40 PM

On my way
****
Senior Member
510 posts

Joined: Jun 2012


QUOTE(Candlenie @ Sep 30 2013, 09:17 PM)
Even SOHO in KV is above 300k thanks to hardcore inventor. Only option is lower cost area and buy subsale.
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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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