After i moved to my new 2nd house, what should i do for my old 1st house?

A) Sell it (loan fully paid, market price is 400k) to reduce my new house loan?
B) Rent it (loan fully paid, market rental is 1500) to cover my new house maint. fee (500/mth) even after i retired?
C) Sell it and buy another one for better rental (above 1500)?
C1) Sell 1st, so can buy with lower house loan (600k-400k)?
C2) Buy 1st, sell later. Now have a lot offers with 0 down payment and high rebate?

Thanks

If your first house is located in a good location, you can rent it and earn a side income.

Unfortunately, it is not a very good location, therefore thinking of "switching" to a better location for better rental.

So far shortlisted Nidoz, Trinity Aquata & Vyne @ Sg Besi

Then sell la

Sell at 400k to buy a new one at 600k, need to get 200k loan to pay for next N years again, is that a good move?

Good idea too...200k loan around 1k per month.

600k can purchase double storey landed.

Rent it out 1.2-1.5k depends on location. ( Positif cf few hundreds ).

Let the tenant pay for the house installment. Wait for few years.

Tada......wait the house mv goes up to 1mill. Simpan or sell it.

Repeat.

keep it and rent out

rm1k per month extra

600k for double storey landed house? Got such good deal in kl? Mind to share?

That is my original plan, but the condo value not so good due to too high density

Rent it out and buy a new 1. Then use the extra rental to pay the new house installment.

Rent out... 1500 is quite big.

But watch out for legal. Set all agreement.

Yes, I just bought a new one for bigger space and moving in soon,
unfortunately the extra rental is only 1/4 of the new house instalment, hahaha!

1500 is quote by the renting agent, they will charge me for the 1st month rental for 1st year
is that the fee u talking about?

do something financially profiting.

such as? u have all my ears for any suggestion that financially profiting

This you have to calculate yourself

A) Sell if you sell how much interest would save? X amount
B) If you rent how much you gain Y minus expected expenses Z. And plus normalized property appreciation.
C) Typically if you buy , you have to buy new area which price can go up faster than total investment paid. then rental is normally 50% of your repayment only.

Yes, I believe I already listed out my options
A) Sell it (loan fully paid, market price is 400k) to reduce my new house loan?
B) Rent it (loan fully paid, market rental is 1500) to cover my new house maint. fee (500/mth) even after i retired?
C) Sell it and buy another one for better rental (above 1500)?
C1) Sell 1st, so can buy with lower house loan (600k-400k)?
C2) Buy 1st, sell later. Now have a lot offers with 0 down payment and high rebate?

and I totally agreed on you after I visited some new property projects,
- good location with small size will be at least 800k
- far location with medium size will be at least 400k

Buy a new smaller 1.
Better do not treat current staying house as part of investment.

market now quite disaster le better rent it out

I will move and stay in the biggest house,
and keeping the current smaller house for rent out...
so are u suggesting buy 1 more smaller 1 for investment? hahahaha