well we dont know his income, 50k flat in kl is something like hunting for a unicorn. most times such prices are reserved for lower income group, i think the standard rate a few years back for low cost government based flats was RM150k. also these flats tend to be heavily price controlled and selling them is impressively hard

if its outside KL/PG/SGR/JB, rental income is going to be a challenge, people are moving out from the rurals to the city.

this is also no accounting the fact that a lot of these places attract the people that you dont want to be with.

so all and all, you are taking 100k loan, to put investments in 2 flats, of which the rental tenancy is unreliable that might not cover the initial cost of ownership.

well we dont know his income, 50k flat in kl is something like hunting for a unicorn. most times such prices are reserved for lower income group, i think the standard rate a few years back for low cost government based flats was RM150k. also these flats tend to be heavily price controlled and selling them is impressively hard

if its outside KL/PG/SGR/JB, rental income is going to be a challenge, people are moving out from the rurals to the city.

this is also no accounting the fact that a lot of these places attract the people that you dont want to be with.

so all and all, you are taking 100k loan, to put investments in 2 flats, of which the rental tenancy is unreliable that might not cover the initial cost of ownership.

you can try

How much is the stamp and fees for od? No experience in these. Say if the bank valuation is around 440k. How much cash can be exchanged after deduct everything ? You tried before?

wow. that was a good investment

Did you apply personal loan for the purchase? How long did you wait until managed to sold it?

I pay cash upfront for my car also more then 50k, i dont see LHDN coming to knock on my door.

Start earning minimum /k standard before come tok nonsense.

dont rent too low cause those very low low rent 1, either is horder or long long time not going to pay rent.
rental biz is good revenue but current many ffker, very headache.

lhdn will knock your door if you salary 2000 and below but buy 1000000 property in cash.

i made average rm6000+ a month until today also no buy anything, bank keep calling me u want invest this that.


This post has been edited by RallyNight: Jan 14 2016, 11:34 AM

I pay cash. 6month. Earn bout 70k after rpgt

i now switch to game app developing faster money than property.

u put 50k into car but u still getting loan right?
BTW, they do not track car, bcos car is not a property, it depreciate every day
and you may buy car using other ppl name, this is how those taiko buying luxury car with cash
but u wont buy house using other ppl name
i bet i earn more then u loh

Ur so lucky bro congratz 😊

Not easy to flip in current market situation unless its really in a hotspot or the buyer is very motivated to buy.

Property rental and flipping is competitive right now bro..

If u follow the masses ur luck oso follow the masses...

When bad situation, all owner are gonna be throwing fown rental price or selling price...

If at first place u already overleverage with banks debt...

Gg loh...

How do u fight other neighbours who bought their house 20-30-40-50% down payment or full cash? U need to cover high instalment loan...meanwhile this owner may reduce rental but it only affect their yield profit a bit...

OD if u have more than 200k od favility only got commitment fee....also thrs no fixed repayment amount as long as u service the monthly interest its fine by the banks

Yup agree, that's why dun wan follow the mass, simpan bullet to hit again in June when people start dropping out.

From my experience on rental, the price can't be adjusted by people like me who owns 1 or few unit. If we lower the rental, big player who owns 10 unit follow lower the rental then we really dead.big player dun mind,they got big pipe .
So I rather follow the masses in terms of asking price. Everyone makes money

Some flipper decided to go solo and offers low rental spoiling the market cyberia smarthomes rent now drop to 1200.00. Luckily I escape early. Anyways, rental is dictated by big player who own a few unit in that place. We cant do much.

Be confidence la bro. In the end my buyer is my neighbour of that house few house away only

u bet what you like plebeian

Yup... if your income is sufficient, lhdn wont bother over small stuff liek 50k cash or even 100k cash.

Those ppl who make 2k a month cannot understand this hence all kind of funny comments.

Walao cyberia drop to rm1.2k rental 😱😱

Very hard to find tenant ah?

just a reminder....make sure no roof top leaking before u buy.Best is visit the unit during raining day since u live nearby