Such low cost flats usually attract much undesirables. Just beware of who you rented out to.

don't put all your eggs into one basket. sometimes you got to put in apples too.

50k flat u wan for waT?

I suggest you get a loan.

With the rent collected, it can cover the loan repayments.

You can then utilise your cash on other things. Like putting in fixed deposit.

but i just got a huge housing loan last few months.

i am no longer buying first property.

anyway, the only perks is that first housing loan can get up to 80% right. other than that? nothing special?

90 % if I'm not mistaken but that is dependant on what prop you buy

also first property gets a discount on stamping


second one however no such discount

because flipping is an art of squeezing as much value from your money as possible.

1mil can buy 6-7 condos (Rm500k) paying 150k downpayment. flip each unit earn rm50k = RM300-350k.

1mil buy cash 2 condos (RM500k), after flip only earn rm100k.

big difference!

of course, you must be able to get the loan for the 7 condos in the first place. which was why they set up these investor clubs/investor groups.

u not get 90% for first loan?

i think 80% only.

http://www.iproperty.com.my/propertylistin...ma-flat-forsale

bukit mertajam.

a simple search can find u lots of flats under 50k

oh means your income can't get the 90%… 1st n 2nd property can get 90%..

or izzit 89%

i dun remember lulz.

only know how to sign initials on the papers.

others all lawyer gaotim

First and second housing loan can get up to 90%, IIANM.

Note the words - up to.

As it is a second property, your earlier loan would be taken into account when they calculate how much they can loan to you.

See - https://loanstreet.com.my/learning-centre/h...ow-based-on-dsr

Paying RM50K cash isn't a lot, especially since you are earning S$.

But there are also advantages in taking a loan......

take loan also need to do so many procedures! same as buying 1million property. lol

RM50k below property guarantee a lot of mix squatters in that place. You no takut this people move in d dun wanna pay rent and dun wanna move away? Happens a lot especially low property area. Rich or middle class decent family one won't rent this kind of place because too dense and mix with low income earners.

Ur assets need to have the same value as the two properties you bought for u to loan. Which era are u living in

That is example la dey. The point is, u can get more profit with 2 properties instead of 1. If u buy cash n use it all to buy 1 property, ur profit will only be with that 1. If use loan, u can get more than 1 property so ur profit will be more

That IF you can make profit.

Yea IF. Thats a risk u as a flipper must take. U want to be flipper, it comes with the risk. U cant be flipper with zero risk

Ko jangalah ko loan lama aangat. Bagi setahun settle habis dah la.