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 New project VS existing property., For investment purpose

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TSLuVz
post Jan 22 2017, 04:17 PM, updated 9y ago

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
Hi all,

I am about to get try first property for investment.

I am dilemma at buying new projects or buy existing property.

Please advise.

If buy existing property, where/how to find good location?
TSLuVz
post Jan 31 2017, 12:17 AM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(goks @ Jan 29 2017, 12:05 PM)
I have refrained from buying new projects as those are almost always overpriced. But it's become a sucker for 1st time buyers as u don't pay legal and most of the times the rebates take care of your downpayment.

My view is and it's a strong view, if u cannot pay 10% downpayment, u should not be buying a house. You should save up instead.

I give u some example of a discussion I had with a lady last week, she was considering skyluxe in BJ at 800psqft price right smack at a fucked up jam every morning getting out to kesas. But down the road near Z, trees and even kiara2 u can get fairly new units at 450- All the way to 700psqft. Why pay so much more for skylux? All the more when LRt was an attraction for her. Her issue was down payment.

So I told her, u rather pay 300more per sqft for a smaller apartment farther to LrT then a nearer one cheaper which has less financial stress on you? She then decided to ditch skyluxe and decided to go for kiara 2 1k sqft unit which she is hunting for at 500-530sqft. Her dad will loan her down.
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Agree.
That is why I am confused. In dilemma.

I wanted to invest. But I dont know how to search for good location or rental.
TSLuVz
post Jan 31 2017, 12:21 AM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(corleone74 @ Jan 30 2017, 11:41 AM)
what is your meaning of investment? buy for appreciation? for rental? intend to stay? etc.

your current location of subang jaya is good. since you know the area, buy there.

ok la since i'm alrd to tired to buy more property. give my strategy here.

what i would do if i'm much younger and have spare cash. buy an old unloved house in SS15, restore / renovate it nicely (can do it as a hobby) and hold for long term.
landed property safer  dry.gif
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Property price in subang jaya is kinda overprice?

Owner tend to demand alot because of the place.
Recently they build LRT and BRT.

They ask for higher price.

Note : If you take in subang. You will notice. Nobody take LRT from Usj21 until ss15.

People start going in from subang jaya(behind aeon big) and glenmarie. Which mean Subang people dont even use those facility.


TSLuVz
post Jan 31 2017, 01:58 PM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(BEANCOUNTER @ Jan 31 2017, 01:02 PM)
You need to study more and read more on property investment strategy.

You cant create a thread here and hope for the light bulb to 'ding'.

Most time or not...good located and good price properties u cant afford.

Inferior located and good priced properties u dunwan.

Its indeed a very difficult task. But you need to start somehow....to get the ball rolling....
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Ofcourse I dont. Can you teach me how to find?
TSLuVz
post Jan 31 2017, 02:00 PM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(corleone74 @ Jan 31 2017, 11:12 AM)
well nobody says it's easy to find a good buy, right? must find the right one at the right price . anyway i'm not trying to buy a house there (no more energy.), just a general observation.

your investment strategy is? buy condo for rental?
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I also know is not easy to find. Thats why I need someone to advise me on how to find.

How to start?
Whhat kind of property is worth to buy, what is not.

I am looking for 5-8year rental and then sell ?
TSLuVz
post Feb 1 2017, 01:17 AM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(goks @ Jan 31 2017, 11:55 PM)
Not true,many condos next to mrt also low rental due to supply issue.
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I agree with you.

Nowadays people using the *walking distance to LRT/MRT* advantage and increase the price.

But the rental is still low.
TSLuVz
post Feb 1 2017, 01:42 AM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(corleone74 @ Feb 1 2017, 12:15 AM)
start by checking the classifieds, iproperty, mudah then  talking to agents and go for viewing, attending seminars, reading a lot, walking the areas that you intend to invest in.
that's always the first step. or if you have any relative that has multiple property, that person can give you guidance as well .
good luck.

p/s> oh sorry! very important. a bit more to add. when you talk to agent and go seminar listen to guru.. keep an open mind but remember, they all tell big time kok and bull story . so remember to crosscheck their story with your own research. heh heh.
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Yeah. But... what is the criteria for investment?

What do we need to label it as good investment?
TSLuVz
post Feb 2 2017, 01:07 AM

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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(corleone74 @ Feb 1 2017, 10:19 PM)
if you're talking about metrics - well, i go for undervalued property,
but for rental play property you should look at sustainability of rental, as well as the COCR (cash on cash return) and if the property gives you positive cash flow. It's difficult to find these days.
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What is cash on cash return?

Noted. Means rental cover installment is good investment.

*if only I manage to found one.

Nowadays highrise price is overrated. Crazy man.
TSLuVz
post Feb 3 2017, 03:55 PM

Getting Started
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From: Kota Kemuning , Subang Jaya , Bandar Sunway
QUOTE(nakedtruth @ Feb 3 2017, 02:07 PM)
i'm not sure if you notice area such as pdn indah/cahaya/cempaka/miharja is very easy to get tenant due to close proximity to lrt...
if you let out room it is even easier.
the price maybe is on the high side but the current market seem stagnant maybe ts can survey and get good deal
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Thanks for the tips. rclxm9.gif

 

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