QUOTE(eddystorm @ May 17 2017, 02:46 PM)
Dear sifu's,
Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not.
I am buying it for own stay and rent out partially to cover some cost.
So i am here to seek some advice or financial plan for my future move.
Gross income : RM 7,500
Net income : RM 6190
Monthly spending below
Medical Insurance : RM 200
Room Rental : RM 600
Internet : RM 72
Mobile : RM 53
Parents : RM 600
Petrol : RM 200
Tolls : RM 60
Parking : RM 110
Food : RM 600
So balance RM 3,695. 60k cash in FD.
Some info for the newly booked condo. Estimate can move in on this August.
mortgage : RM 2,670
Maintenance : RM 400
So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.
I see you doing very good here. Purchasing the property is good to offset you rental and moreover if you can rent out 2 rooms for RM500 each you can get total RM1600 return (plus the rental). For future maybe you may not need to worry much because the installment is fixed unless change in BLR/BR.Recently i booked a condo(loan approved and waiting to sign SPA) but i am kind of not sure if this is a good decision or not.
So i am here to seek some advice or financial plan for my future move.
Gross income : RM 7,500
Net income : RM 6190
Monthly spending below
Medical Insurance : RM 200
Room Rental : RM 600
Internet : RM 72
Mobile : RM 53
Parents : RM 600
Petrol : RM 200
Tolls : RM 60
Parking : RM 110
Food : RM 600
So balance RM 3,695. 60k cash in FD.
Some info for the newly booked condo. Estimate can move in on this August.
mortgage : RM 2,670
Maintenance : RM 400
So my plan is to rent out 2 rooms, hopefully can collect RM 500 per room so i can save some money to replace my 10+ years old car.
May 22 2017, 10:25 PM

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