QUOTE(HarpArtist @ Mar 4 2016, 10:46 AM)
when buying for earning money whether buy landed or condo or unit or donation (LOL) is irrelevant as long as the profit is good right? if rm1 can earn another rm 2 doesnt matter which type of investment kan?
yes boss. but 500k prop the loan is abt 800 capital and 1.4k interest a month right? belum add maintenance insurance mrta and taxes what not etc
also hidden cost is opportunity cost like.
- the deficit cash of 1k per month.
- 1 more prop in ur name which reduce future loan eligibility, LTV, etc.
- risk factor
Okay, that is true for flipper. Semenyih never a good platform for flipper, already known long time liao lah.
If there is condo can flip at a very good price after vp and no need holding power, definitely a very good investment if compare to SEH landed. But, please share with us on these condo which is recently VP, okay?
I already mentioned just now for 500k loan, interest for 5 years is around 100k. But if you able to rent 1k per month, you actually collect back 60k, the interest paid only 40k.
Those misc charges (valuation + maintenance + legal fees + SA commision) is around 30k from my calculation..
If this is the case, your cost is 30k + 40k extra, means the cost is RM 570k after 5 years. What's the appreciation price for 5 years?
This post has been edited by samkps: Mar 4 2016, 11:00 AM