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

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

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?

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

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?

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

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

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

Disaster in which way?
after visited few new properties launched recently
i personally do feel it is supply over demand

all developers giving quit attractive of rebate (8%, 10%, 15%)
but this also caused the s&p price shoot up too high (rm500++ psf)
end up the prices is at least 600k++ for a 1000sf condo
600k++ of house loan in 30y is around rm3k per month
average rental is only rm2k (if lucky)
still have to pay rm1k each month to balance up!!

great! that is my plan B actually.... that y still looking around
but so far what i see is "small in size not equals to cheap in price"!! hahaha
only "location" does the matter

Agreed. But value of money is getting old (low) too... hahahaa

That is why i am listening to some one like you for guidance and suggestion.
However i camnot catch what you mean from your calculation, are u suggesting me to sell/buy/rent?
My situation is i soon to settle my 1st house loan, and going to move to bigger new house, so planning to rent for some extra income, or sell to buy another house for better rental.
So what is that saving of 17k, 26% of income tax and 10k appreciation coming from? Sorry for my dummy questions, i am learning.

You suggesting me to sell my old house to keep case in bank,
or reduce the new house's loan?
Because my old house's loan already fully paid....


But seem like u got a point! So, if i do...

1) sell my old house at 400k, put into FD @ 3.5% p.a
future value after 10 yrs is 564k in cash!

2) rent out my old house at 1500/month
and i assume 3 months rental is for the maintenance (120/mth), bills (100/mth),
and agent fee (1 mth for 1st year, and 0.5 mth for subsequence year)
so after 10 yrs is 1500 x 9 mth x 10 yr=135k
future value after 10 yrs is 135k in cash and 400k++ in property value
so total is 535k++

pls correct me if i m wrong

Yes, after some deeply think through, i will sell it and buy a unit in M101 SkyWheel @ KL

http://www.propertyguru.com.my/new-propert...a-lumpur-124335