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> property flippers come in

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zephyrus9999
post Jan 13 2016, 12:19 PM

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Many sohai here never consider

Bank loan interest
Tenancy guarantee
Renovation
Furnishings
Snp and all legal fees

Too bad party is over
melt
post Jan 13 2016, 12:23 PM

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QUOTE(silent_stalker @ Jan 13 2016, 12:05 PM)
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
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Risk, yes as a flipper you must take but there is different type of risk.

assume 2 properties each 50k means you are asking ts to double the risk. If it doesnt work well, the extra loan that he/she take might get him/her into a bigger problem.
SUScall me random
post Jan 13 2016, 12:35 PM

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QUOTE(zephyrus9999 @ Jan 13 2016, 12:19 PM)
Many sohai here never consider

Bank loan interest
Tenancy guarantee
Renovation
Furnishings
Snp and all legal fees

Too bad party is over
*
i say oredi maa

too bad ts never layan me laugh.gif
Starbucki
post Jan 13 2016, 12:38 PM

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People say if buy in cash, tax will come after you.

If 50k pay cash also will come?
jonn zee
post Jan 13 2016, 12:38 PM

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QUOTE(silent_stalker @ Jan 13 2016, 10:04 AM)
Oh.. Rm50k, if me,  ill still go for laon. Better if can get personal loan coz interest is much lower compared to house loan. Rm50k property u usually can get high rental yields,  so can cover the loan and the cash i have will use for other things
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ketum or weed? share sikit
Kwalau
post Jan 13 2016, 07:51 PM

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QUOTE(silent_stalker @ Jan 13 2016, 10:00 AM)
U have rm300k cash. U buy 1 property cash. After 5 years u sell value at rm400k, u get rm100k profit.

If take loan, u buy 2 ptoperties with 30% dp.  After 5 years, u sell both at rm400k value. U get rm200k profit.  While waiting for 5 years, u can use the balance of that rm300k to invest in something else
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first you need bank to approve your loan
Intimidated
post Jan 13 2016, 08:04 PM


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QUOTE(silent_stalker @ Jan 13 2016, 10:22 AM)
Personal loan i will always look at bank rakyat which interest seldom reach 4%. Whats the everage BR for banks now? Last I got was still using blr with interest at an everage of 4.2-4.4.

And personal loan interest wont be affected by any change in opr, blr or even br. U maintain the installment throughout the tenure
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ever heard of "fixed rate home loan"?
Intimidated
post Jan 13 2016, 08:08 PM


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QUOTE(xtylish @ Jan 13 2016, 11:18 AM)
take loan also need to do so many procedures! same as buying 1million property. lol
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main reason to get loan: you keep liquidity for shitty months instead of sinking more than half of your savings into a house

get a fixed rate home loan, and treat the interests as insurance

even better if you can rent the place out closer to the sum of monthly loan payment
Intimidated
post Jan 13 2016, 08:09 PM


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QUOTE(Starbucki @ Jan 13 2016, 12:38 PM)
People say if buy in cash, tax will come after you.

If 50k pay cash also will come?
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if your tax filing (or the lack of it) says you are no better than homeless people (they probably earn more than you anyway), then suddenly you buy house with cash? confirm kena siasat
Intimidated
post Jan 13 2016, 08:11 PM


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QUOTE(mowlous @ Jan 13 2016, 11:29 AM)
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.
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must have appetite for risk lor. spend some money, draw up actual tenancy agreement. if payment delay more than deposit amount, forcibly remove with help of law enforcement
max_cavalera
post Jan 13 2016, 08:16 PM

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QUOTE(xtylish @ Jan 13 2016, 11:23 AM)
u see ah, ppl buy rm250k property and rent out like rm600 per month

i buy same area rm25k flat and rent out rm400 per month.

u see the diff?

plus i stay at that flat before, just different unit.
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U already expert at this. Proceed ahead. Dont listen to ppl that wants u to be drowned in debt just like em...

Id pay cash too for flat...

Every month rental 80-90% straight to my pocket...
Intimidated
post Jan 13 2016, 08:19 PM


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QUOTE(max_cavalera @ Jan 13 2016, 08:16 PM)
U already expert at this. Proceed ahead. Dont listen to ppl that wants u to be drowned in debt just like em...

Id pay cash too for flat...

Every month rental 80-90% straight to my pocket...
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if you got like 150k savings, then straight away buy flat with cash 50k no need blink eye also

but if your saving is like 57k, risky to just buy like that without any sort of loan
max_cavalera
post Jan 13 2016, 08:21 PM

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QUOTE(Intimidated @ Jan 13 2016, 09:19 PM)
if you got like 150k savings, then straight away buy flat with cash 50k no need blink eye also

but if your saving is like 57k, risky to just buy like that without any sort of loan
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Lol worry what...

U can always pledge ur house geran as collateral to the bank to open overdraft loan account...

Bank would gladly accept
Intimidated
post Jan 13 2016, 08:25 PM


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QUOTE(max_cavalera @ Jan 13 2016, 08:21 PM)
Lol worry what...

U can always pledge ur house geran as collateral to the bank to open overdraft loan account...

Bank would gladly accept
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that's the point: shit hits the fan, you might end up losing more than just interests

but i guess it's just me being paranoid. i insist on keeping 1 year worth of loan-payment in cash, just in case shits are really bad. at least i got 1 year to work things back on track without going through these hassles
mowlous
post Jan 13 2016, 08:55 PM

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QUOTE(Intimidated @ Jan 13 2016, 08:11 PM)
must have appetite for risk lor. spend some money, draw up actual tenancy agreement. if payment delay more than deposit amount, forcibly remove with help of law enforcement
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Even if got draft agreement still messy one .... telling trough exp.
TSxtylish
post Jan 14 2016, 10:52 AM

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legal fees .......
+3kk!
post Jan 14 2016, 10:54 AM

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QUOTE(max_cavalera @ Jan 13 2016, 08:21 PM)
Lol worry what...

U can always pledge ur house geran as collateral to the bank to open overdraft loan account...

Bank would gladly accept
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OD high interest also you are paying twice teh interest on the loan of your mortgage

its essentially a loan on your house

not a wise thing to do.
max_cavalera
post Jan 14 2016, 11:10 AM

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QUOTE(+3kk! @ Jan 14 2016, 11:54 AM)
OD high interest also you are paying twice teh interest on the loan of your mortgage

its essentially a loan on your house

not a wise thing to do.
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Lol worry what...pay cash 50k 1 flat...

Then pledge house get od from banks...

Buy another flat 50k...

Now u got 2 flat rental offsetting 1 50k loan...

Now thats real leverage on investor side
MeToo
post Jan 14 2016, 11:15 AM

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QUOTE(cloudwan0 @ Jan 13 2016, 10:35 AM)
if u buy in cash
HASIL will come and buy u coffee
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No they wont.

It depends on your yearly tax returns... if u makign 20k a month, paying 50k cash they wont give a fck
RallyNight
post Jan 14 2016, 11:18 AM

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QUOTE(zerorating @ Jan 13 2016, 10:24 AM)
yup, apartment are easy to rent out, reason because your target market were cheapskate and people that cant loan for a house.
i think quite impossible to get 25k flat for hot area, maybe in the range of 100k already (still can yield minimum of rm500 rental per month)
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yup cheapskate damn fucking alot recently.

my rental service:
what their pricing RM350 a room but must have

include aircon, fully furnish, no partition house, water heater and internet.

base on my experience on electric bill for ^
aircon already took 600+ if none stop running,
water heater i doubt will turn off also took rm300 +
cooking etc rm100+

1 room already took 1000+, yea RM350 for these bullshit.
doh.gif
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