Hi folks,

Here's my situation:

I'm planning to buy a house that is worth roughly RM 100k. Here's why I think I should buy the house

1. The agent can mark up the borrowing to roughly RM 125k. That means I potentially fork out zero $$ for this investment.
2. The rental yield is decent. Minus the maintenance fee, I can (potentially) get RM 500 (which is the market rate) a month for rental. The house itself is close to factories so it shouldn't be too difficult in renting it out.
3. Potentially, the median selling price is RM 110k so I potentially bought the house 10% below market value.

Here's what made me doubt about buying the house

1. Huge amount of miscellaneous fees (lawyer fee, SPA fee and so on). I calculated using PropertyXMalaysia app and I would have spent roughly RM 117k and that is before the agent fee which would be RM 5k. That brings it up to ~125k since there could be some more fees(or I have to fix the house a bit).
2. Potential problem with tenants. I plan to mitigate this by renting my place to logistic companies which provides accommodation to workers (probably foreign ones). But if that fails, I would probably have to rent to regular tenants who might not be prompt with rental payment considering the market I'm renting to.
3. This is the cruncher. If I were to commit to this, I disqualify myself from buying any house under any sort of government assistance since they only cater to first-time house buyers. However, I'm probably disallowed from renting to other people(at least legally) under such scheme so I'm not too sure how much I'm losing from this.

As of capital appreciation potential, I'm not too sure since it's a cheap house so I can probably expect like RM 20k appreciation over the next few years but who knows?

Thanks.