Is it still possible to get a 80-90% loan from the bank and use rental to cover monthly repayment?

My 400k range condo's monthly yield is less than bank loan, and every year or so after tenant move out always empty 1-3 months before rented out.

it depend on location and how the market put the rental of value..
but for me it cover around 75% monthly repayment

i require to top up the maintenance fee, tax, insurance building and repair...

but u can increase the rental yearly or 2-3 year...depend la..so u can can gain on that part

I heard alot about renter's market now. And many places in KL are always hanging "to rent" or "for sales" which spooks me a little. Do u have any advice which area to look at?

area with college or university...but the student give u a headache...usually dont take ur property well...
since ur budget around 400k why not buy cheap apt first like 200k or flat just make sure the property maintenance are well also...

the rental vs monthly repayment are hard to archive base to break even...the owner will lose eventually but along the road u have assets...
as for me i own 200k apt rental is 750 and maintenance 75 for loan repayment 820...
so i lost around 200 like that if think about etc...i save for raining day if the house require to fix or what...

my advice is if you wanted to rent just prepare u may perhaps encounter bad rental even it is a family or student...
some maybe pay late some even dont want to pay...make it legal document...
for area u can try it near to ur house more better easy u wanted to spot check
just for start...any way good luck

only low cost property can get positive rental income.

If you look hard enuf ypu can get slightly above 400k subsale condo in establish area. Those area no need to afraid no one rent but be prepare to top up little on ur instalmet pymt to bank. Personally i think is still ok if rent can covers 70% of installment plus maintenance as you are building equity to the hse and possibly increase rental for years to come. Utimately is location u will never afraid of not renting out

Wow...interesting.
Guaranty on paper?

currently my apartment rental yield only covers 60% of my bank loan + maintenance fee.

I feel like I want to sell off the property , is it a good idea? Some people tell me to hold on to the property first , sell now also very low price...

Building burn down then lain story la.

Of course we don't mind if you can share the strategy.

Mind sharing which city/area this apartment is?

Equine park area

In Serdang right? I thought that area should be developing quite well....

It is. But rental yield very low due to depressed market

Alright!

In today's market it's not easy finding a property where the rental can cover the monthly bank installment.

That's why I haven't bought any new property lately. Those property that I bought 4-5 years back all giving me positive cash flow (i.e. rental more than monthly bank installment); well except for one in Puchong where it's negative.

Mind sharing which part of Puchong? Thanks man

I agree, my property that completed last year ca generate positive cashflow in cyberjaya... but I look around now, nothing I can buy that will give me confidence to have break even rental. (do tell me where if im wrong!!!)

Based on my limited knowledge, cyberjaya property is priced higher for such as new place because of special reasons - technology center, so-called-future-capital, foreign students etc. So it's a surprise that you are fetching more than you pay. Maybe because the property was bought a few years ago and only completed last year?

This post has been edited by simplylegendary: Aug 14 2017, 11:05 PM

Well its not a suprise to me... I did my homework.

Yes, it was bought a few yrs back. I was agreeing to the guy who said he bought some time back and made positive cashflow.

Will it possible the rental can cover the loan for buying the new property this year and to be completed after 3 or 4 years? what is the rental after 3 to 4 years? will be higher than current rental?