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 Property Investment Strategy, tricks n magic

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joeblows
post Oct 4 2013, 06:56 PM

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QUOTE(Mamapapamsia @ Oct 4 2013, 04:16 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!!
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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....?
joeblows
post Oct 4 2013, 07:03 PM

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QUOTE(sschong @ Oct 4 2013, 06:29 PM)
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.
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).
joeblows
post Oct 4 2013, 07:04 PM

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QUOTE(wil-i-am @ Oct 4 2013, 06:57 PM)
U assume dun have other loans like car, personal n etc
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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.... rolleyes.gif

 

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