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> property flippers come in

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Jliew168
post Jan 16 2016, 11:13 PM

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QUOTE(juiceaddicted @ Jan 16 2016, 09:47 PM)
i am planning not to do flipping for the first property I invest, thinking to buy it for rental only.
100k property loan should be easily covered and still have extra passive income for me.

thanks for reminder, not going for auction sale, know nothing much in property, still learning.
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If u have budget , go for slightly higher medium low cost like 250k above

Those very cheap 1 even u aims for rental very troublesome ..tenant quality usually very low n most of the time u having trouble to collect rental ..your time vs return not attractive

There is new RUMAWIP in kepong area around 200k, this much better because new apartment but u cannot sell in 10 years
juiceaddicted
post Jan 16 2016, 11:25 PM

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QUOTE(Jliew168 @ Jan 16 2016, 11:13 PM)
If u have budget , go for slightly higher medium low cost like 250k above

Those very cheap 1 even u aims for rental very troublesome ..tenant quality usually very low n most of the time u having trouble to collect rental ..your time vs return not attractive

There is new RUMAWIP in kepong area around 200k, this much better because new apartment but u cannot sell in 10 years
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oo. not doing it so quickly, just to do some homework,so when the time come, i know what to do.
I still uni student, now still the stage planning for a car, initially estimated to buy a property maybe around 28-30 years old. (by the time i graduate then 23 already)
but suddenly saw the plp buying property with 50k-100k, then i am thinking will it better if I go for property invest first instead of a car.
but if the return is not so attractive, i think i will stick to car first.
TSxtylish
post Jan 16 2016, 11:50 PM

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QUOTE(juiceaddicted @ Jan 16 2016, 04:11 PM)
TS, where you get RM50k property?
I dont even saw this level of price in ampang area, bandar baru or kampung baru.
I thought now days even flat also 100k,200k?

I didnt go much into property, but I did have intention to invest in property after graduate, so i actually planning my expense and saving now.
Any advice?
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sorry, 50k not in selangor.
juiceaddicted
post Jan 17 2016, 12:17 AM

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QUOTE(xtylish @ Jan 16 2016, 11:50 PM)
sorry, 50k not in selangor.
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ohhh... okay.
bearbearwong
post Jan 17 2016, 12:59 AM

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QUOTE(max_cavalera @ Jan 16 2016, 07:17 PM)
Bos sometimes auction oso cannot believe one....

Price up almost double he reserve price due to bidding war...

Sometimes even more than market value...
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QUOTE(Jliew168 @ Jan 16 2016, 09:42 PM)
O

Those 100k property usually hopeless for capital appreciation

Auction not like subsale , u must settle the balance within 3 months

Some more some auctions have many hidden clause n charges like balance the owe with developer , Cukai tanah etc and u must read carefully proclamation for sale before proceed..if u newbie in property investment I advise u don't go for auction unit

If u can't secure loan , your 10% will be forfeited unless u can pay on time
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Sometimes auctions really crazy.. higher than market value one..

but not all the time..

jliew u bullshit lar.. u ask ppl buy subsales.. you yourself oni buy..new launch and auction dirt cheap..
you wont buy subsales one... u panai know those prop were flipped.. buy sure GG
max_cavalera
post Jan 17 2016, 01:04 AM

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QUOTE(bearbearwong @ Jan 17 2016, 01:59 AM)
Sometimes auctions really crazy.. higher than market value one..

but not all the time..

jliew u bullshit lar.. u ask ppl buy subsales.. you yourself oni buy..new launch and auction dirt cheap..
you wont buy subsales one... u panai know those prop were flipped.. buy sure GG
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Why u suddenly scold jliew?
Lol betul la bro sometimes subsale oso especially now got good deal....
Some desperate owner willin to down 10-5
15% than market value in order for buyer to obtain almost 100% financing...

Not many have cash to put 10% downoayment upfront not including lawyers fee and etc
bearbearwong
post Jan 17 2016, 08:27 AM

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QUOTE(max_cavalera @ Jan 17 2016, 01:04 AM)
Why u suddenly scold jliew?
Lol betul la bro sometimes subsale oso especially now got good deal....
Some desperate owner willin to down 10-5
15% than market value in order for buyer to obtain almost 100% financing...

Not many have cash to put 10% downoayment upfront not including lawyers fee and etc
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Lol.. jliew burger flipper.. flip many

now 10 to 15% low.. 20 to 30%.. ya agree.. deposit is d problem..but also need to buy money value prop.. minusing all d flip burger activity
Jliew168
post Jan 17 2016, 05:04 PM

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QUOTE(max_cavalera @ Jan 17 2016, 01:04 AM)
Why u suddenly scold jliew?
Lol betul la bro sometimes subsale oso especially now got good deal....
Some desperate owner willin to down 10-5
15% than market value in order for buyer to obtain almost 100% financing...

Not many have cash to put 10% downoayment upfront not including lawyers fee and etc
*
Hahhaha bearbearwong cannot think with sound mind

When we buy for investment we talk about value . ..i dono why he so stupid say buy subsale benefit flipper but auction is not...lol auction also is subsale

I did advise someone buy a new launch or RUMAWIP , prima but seem bearbear is prejudice n read something he like only tongue.gif
bearbearwong
post Jan 17 2016, 05:14 PM

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QUOTE(Jliew168 @ Jan 17 2016, 05:04 PM)
Hahhaha bearbearwong cannot think with sound mind

When we buy for investment we talk about value . ..i dono why he so stupid say buy subsale benefit flipper but auction is not...lol auction also is subsale

I did advise someone buy a new launch or RUMAWIP , prima but seem bearbear is prejudice n read something he like only  tongue.gif
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Now cannot flip di.. sei mou... economy dampen d next 2 years
Jliew168
post Jan 17 2016, 06:18 PM

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QUOTE(bearbearwong @ Jan 17 2016, 05:14 PM)
Now cannot flip di.. sei mou... economy dampen d next 2 years
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Cannot flip? Go find property price in hot location that selling 3 years before price for me see tongue.gif


bearbearwong
post Jan 17 2016, 06:48 PM

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QUOTE(Jliew168 @ Jan 17 2016, 06:18 PM)
Cannot flip? Go find property price in hot location that selling 3 years before price for me see  tongue.gif
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Dat means can flip? U mean dat spiral condo in sentul can flip 1 million?
Jliew168
post Jan 17 2016, 07:46 PM

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QUOTE(bearbearwong @ Jan 17 2016, 06:48 PM)
Dat means can flip? U mean dat spiral condo in sentul can flip 1 million?
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Check at the brickz for real transacted price n don't simply believe some stupid artical that from a writer who don't have experience ....the spiral condo average purchase price that time only between 450-520 psf that time n some more DIBS ...even some unit fire sale at 850k which around 650psf flipper still pocket 150k -200k nett ...by the way average transacted is more than 700 psf tongue.gif


interferens
post Jan 17 2016, 07:57 PM

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QUOTE(juiceaddicted @ Jan 16 2016, 11:25 PM)
oo. not doing it so quickly, just to do some homework,so when the time come, i know what to do.
I still uni student, now still the stage planning for a car, initially estimated to buy a property maybe around 28-30 years old. (by the time i graduate then 23 already)
but suddenly saw the plp buying property with 50k-100k, then i am thinking will it better if I go for property invest first instead of a car.
but if the return is not so attractive, i think i will stick to car first.
*
I buy my 1st house at age 24, my 1st car at age 28
juiceaddicted
post Jan 19 2016, 01:01 AM

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QUOTE(interferens @ Jan 17 2016, 07:57 PM)
I buy my 1st house at age 24, my 1st car at age 28
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Interesting.
at which age you start working? and what's the year you bought your house?

Initially i think in that way also, buy house first then only car.
but then i find it is quite hard unless i am so lucky to have my workplace near public transport area and not consuming too much times.
currently i travel to uni by lrt, it took me average 2hours 30mins to travel everyday, which my uni is only 15mins driving distance from my house(less than 20km). Most of my time wasted for waiting.

and sometimes you need a car as an opportunities, who knows your boss want you to outstation or travel several places to work.
so i still have to buy a car first i think.


Zavia/GenX
post Jan 19 2016, 03:21 PM

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You can drive there in 15 mins, more like 25 mins. Unless 100% of the road is highway for u to travel at 100km/h.

Since we talk abit about car/house...

Anyway I bought my first car 2 years after i started working, and first condo a year after that. I started being able to pay taxes on the 4th year only. Now is 6th year for reference.

Why car first? Car = freedom and savings over public transport (used to take 2 hrs back n forth to KL by car+2x trains each way) Then from there, built cash reserved and looked for DIBS property.
TSxtylish
post Jan 19 2016, 03:37 PM

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QUOTE(Zavia/GenX @ Jan 19 2016, 03:21 PM)
You can drive there in 15 mins, more like 25 mins. Unless 100% of the road is highway for u to travel at 100km/h.

Since we talk abit about car/house...

Anyway I bought my first car 2 years after i started working, and first condo a year after that. I started being able to pay taxes on the 4th year only. Now is 6th year for reference.

Why car first? Car = freedom and savings over public transport (used to take 2 hrs back n forth to KL by car+2x trains each way) Then from there, built cash reserved and looked for DIBS property.
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so tough
interferens
post Jan 24 2016, 02:45 PM

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QUOTE(juiceaddicted @ Jan 19 2016, 01:01 AM)
Interesting.
at which age you start working? and what's the year you bought your house?

Initially i think in that way also, buy house first then only car.
but then i find it is quite hard unless i am so lucky to have my workplace near public transport area and not consuming too much times.
currently i travel to uni by lrt, it took me average 2hours 30mins to travel everyday, which my uni is only 15mins driving distance from my house(less than 20km). Most of my time wasted for waiting.

and sometimes you need a car as an opportunities, who knows your boss want you to outstation or travel several places to work.
so i still have to buy a car first i think.
*
i graduate at age 22 working as RA (small salary only) than at age 24 got stable job and straight away buy a house after 9 months working...i have ngam2 rm15k at that time and actually not enough to pay for deposits + lawyer fee + stamp duty, but when you buy the house, you don't need to pay all at same time...1st pay the booking fee about 3% from house price..after few weeks/months than sign S&P pay another 7% than pay thee lawwyer fee half...wait for several months pay the stamp duty after several months than all the transfer process clear sattle all the lawyer fees...so during the waiting period, have time to collect money...
TSxtylish
post Jan 24 2016, 04:07 PM

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QUOTE(interferens @ Jan 24 2016, 02:45 PM)
i graduate at age 22 working as RA (small salary only) than at age 24 got stable job and straight away buy a house after 9 months working...i have ngam2 rm15k at that time and actually not enough to pay for deposits + lawyer fee + stamp duty, but when you buy the house, you don't need to pay all at same time...1st pay the booking fee about 3% from house price..after few weeks/months than sign S&P pay another 7% than pay thee lawwyer fee half...wait for several months pay the stamp duty after several months than all the transfer process clear sattle all the lawyer fees...so during the waiting period, have time to collect money...
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what is RA?
paskal
post Jan 24 2016, 04:49 PM

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QUOTE(xtylish @ Jan 24 2016, 04:07 PM)
what is RA?
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research assistant.
usually paid RM50-60 a day to do research sit all day tokok and dota
interferens
post Jan 24 2016, 05:57 PM

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QUOTE(paskal @ Jan 24 2016, 04:49 PM)
research assistant.
usually paid RM50-60 a day to do research sit all day tokok and dota
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Haha, true but ayam fixed rm2k/month most of the week sleep at lab, can saving for petrol and some utilities

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