Hi all, I need opinion for family financial standing. (This is quite close to current scenario)

Fixed Income
Salary RM3450 net + Salary RM4220 net + Rental RM4000 (4 units) = Total RM11670.00

Fixed Expenditure
Home Loan (5 units) RM4223 + No Car loan except Expenditure RM300 + Family Expenditure RM3000 = Total RM7523.00

Balance after fixed expenditure RM4147.00

CC o/s RM35k - paying RM2.5k to finish in paying around <2yrs time

Balance fixed disposable income – around RM1.647K

We do work part time that generates around RM1-2k+ monthly and we try to save around 2K monthly for cash

Currently we do have Cash in Hand around RM40K (this is for contingency)

I am looking to buy another Apt around RM160K for rental purposes – RM800-1300

Which I will fork out D/P RM48k, Legal RM8K

Loan RM112K, RM630P/m no issues of getting loan

I have to look for cash RM16K i.e drawing from CC to top up from the contingency monies

By buying the house I will have CC debt increase nearly RM50K in short term and w/o contingency cash.

(I ended having 35K CC debt is due to I purchases apt early of the year for d/p purposes)

After I purchased the unit I would still be able to keep >RM2k a month, but I will need time <2 yrs to built 50k contingency cash again. What is your take on this kind of situation? Will you buy or forgo the purchase…Many thanks