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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...
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
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
max_cavalera
post Jan 14 2016, 11:49 AM

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QUOTE(FeeD @ Jan 14 2016, 12:35 PM)
I pay cash. 6month. Earn bout 70k after rpgt
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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.
max_cavalera
post Jan 14 2016, 11:54 AM

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QUOTE(wanted111who @ Jan 14 2016, 12:25 PM)
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?
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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
max_cavalera
post Jan 14 2016, 12:41 PM

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QUOTE(wanted111who @ Jan 14 2016, 01:15 PM)
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 smile.gif

Some flipper decided to go solo and offers low rental spoiling the market mad.gif 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.
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Walao cyberia drop to rm1.2k rental 😱😱

Very hard to find tenant ah?



max_cavalera
post Jan 14 2016, 03:25 PM

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QUOTE(FeeD @ Jan 14 2016, 02:45 PM)
Bro. You sure? My unit in the place renting rm1700 wo.
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Lu sana lim cock wing side belum masuk competitor banyak...

The plce low density summore the nearest to lkw...can jalan kaki summore

Competitor only garden plaza but garden plaza quite further away must have transport la...

Anyway u still untung lah the place thr 😏
max_cavalera
post Jan 14 2016, 03:45 PM

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QUOTE(FeeD @ Jan 14 2016, 04:43 PM)
thinking wanna hantam 1 at mmu there, any suggestion
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Taiko atas sudah warning jangan cari pasal bro...

Sana area sudah macam sarang tebuan...high density of highrise...

Lu tunggu pangaea studio all vp confirm banyak flipper mati...nanti kutip ayam mati/durian runtuh boleh lah...
max_cavalera
post Jan 15 2016, 12:09 AM

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QUOTE(wanted111who @ Jan 14 2016, 10:59 PM)
Max pun tengah tunggu pokok durian tumbuh ya ? brows.gif  laugh.gif

boleh share durian apa u target? durian pangaea, durian ceria, durian Mutiara, durian crystal?

Mai kita blow water tengok mana satu sedap sikit? i tengah tunggu yg dari pokok villamas punye. isi banyak, harga sekilo berpatutan  nod.gif  laugh.gif
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Xberani ckp bro later cyber lovers blacklist me 😓
max_cavalera
post Jan 16 2016, 05:47 PM

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QUOTE(juiceaddicted @ Jan 16 2016, 05:11 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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Flat below 100k can get...

Rajin2 lah buka cimb property mart from time to time
max_cavalera
post Jan 16 2016, 07:17 PM

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QUOTE(bearbearwong @ Jan 16 2016, 08:13 PM)
Subsales benefit flippers oh... like dat how price will down
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Bos sometimes auction oso cannot believe one....

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

Sometimes even more than market value...
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

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