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Property for own use, Any recommendation?
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dzi921
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 Sep 23 2007, 09:39 AM
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Since there is this topic, I would like to tumpang tanya opinion regarding property for own use from you guys
Me and wife's net income is > RM10k
Our age is 28
Our breakdown of monthly expense:-
Food: Home Cook (Free) & RM500 (Weekend - Optional)
My Car Loan: RM800 Hers is paid
Our Car Insurance & Road Tax: RM400
Parents: RM1000 (My side) + RM1200 (Her side)
Personal & Wife Insurance: RM600
Annual Vacation: RM1000
Entertainment/Wife Shopping: RM500
Car Petrol & Maintenance & Parking & Toll: Claim Company
Telephone: Claim Company
Internet (3G Unlimited): Claim Company
Whatever left goes into investment (FD & UT)
We are currently staying in her place (my parents is at johor). In return paying RM1200 to her parents (consider this as rental / commitment to her family). Home cook food is inclusive
She is the youngest in her family. So the house is left with her parents and us.
My job requires to travel outstation a lot. I'm usually back during the weekends
If her parents is on vacation and I'm not around. Her parents will ask my wife's sister to stay with her cause don't want her to be alone
Q: I have not bought a property for my own use because of the reason above (me traveling and her parents won't let her alone in house). So if you are me, what would you do?
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dzi921
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Sep 23 2007, 10:16 AM
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QUOTE(dreamer101 @ Sep 23 2007, 09:53 AM) dzi921, 1) Don't buy a property. 2) Re-visit that decision when you have children. 3) Perhaps buy a property near your in-law when (2) happened. But, remember if you move away, child care is big problem. 4) But, you may not like how your in-laws raise your child. Grandparent tend to spoil grand kids. But, are you willing to let your wife stay home?? 5) In summary, do nothing until (2) happen. Dreamer My wife has been bugging to move out, but I've explain to her many times that I'm always not around with my current job So I told her once my job settles down and does not require that much traveling, then I will buy our house But what you suggested is true also  Thanks  |
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dzi921
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Sep 23 2007, 05:18 PM
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QUOTE(Pai @ Sep 23 2007, 05:12 PM) Dreamer has a point, no point buying a property for own stay now due to the nature of your current job. Therefore, perhaps you might want to consider buying an investment property that you could ALSO use for own stay in the future. Noticed that you currently place all your cash in either FD & UT, so IMO you should try diversifying your portfollio and perhap give your idle $$$$$ a workout. If you look hard enuff, getting a rental property that gives u double digit returns is possible. And this is before we start calculating the potential capital gains u might enjoy 5-10 years down the road  That is the problem 1) Finding a good property 2) Getting a loan 3) Finding a good tenant I'm always not around, it is not easy to do all the mention 3 above. That is why I've to resolve to other types of investments |
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dzi921
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Sep 23 2007, 05:55 PM
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QUOTE(Pai @ Sep 23 2007, 05:44 PM) For no.2, i think there you can get plenty info on homeloans just by doing a 15 minutes research. As for no.1 & no.3, you can get agents to work for you bro Im not so free myself, but am lucky enough that my agent always provide me with decent leads. Its free and I only have to pay the fella IF i decided to go with his reccommendation. Bought my 2nd property using this method, and so far so good  But, u need to be careful as there are many agents out there with vested interest, or basically just trying to sell what ever property they have in their hands. Talk to a few and you'll know what I mean Thanks for the tip , but I think I'll stay off from property investment for now |
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dzi921
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Sep 24 2007, 03:21 PM
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DPC is consider under KL or PJ?
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dzi921
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Sep 24 2007, 03:33 PM
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QUOTE(Pai @ Sep 24 2007, 03:28 PM) DPC is @ Kepong, mate I know. I'm Kepong mali also mar Just curious whether they DPC is under KL or PJ Like BU last time is supposed to be KL, but then they managed to change it to PJ (according to my auntie who stayed there) |
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dzi921
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Sep 24 2007, 03:50 PM
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QUOTE(Pai @ Sep 24 2007, 03:41 PM) Last time I checked, its KL. Really BU was converted from KL address to PJ adress? Weird  She says BU is near TTDI which is KL, but then the developers applied for it to convert to PJ to increase the value of the property |
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