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Auction properties
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Quang1819
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 Sep 18 2018, 03:49 PM
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QUOTE(lucerne @ Sep 11 2018, 10:47 AM) why no good for investment? buy low and sell high. good yield if for rental income too there r many good property /location there , many auction due to owners over leverage. Only if you can sell high. Sometimes there are reasons why the property ended up being auctioned. If you're buying auction units solely investment then you should know what you're doing in that market This post has been edited by Quang1819: Sep 18 2018, 03:50 PM |
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Quang1819
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Jul 11 2021, 12:32 PM
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QUOTE(Thasmita @ Jul 10 2021, 06:29 AM) 100% agree and lower risk of being vacant when you're juicing from lower end property, the risk mostly comes from the tenant as well Used to have 2 lower end property. One in Selangor and 1 in Malacca. None of the tenants I had that could pay on time. Cannot pay on time never mind, 4 out of 5 tenants will cabut halfway. Some still owe me 5 months worth rental. |
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Quang1819
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Jul 11 2021, 05:01 PM
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QUOTE(Thasmita @ Jul 11 2021, 04:22 PM) Depends on location I guess. I have 5 units in KL/Selangor area- wangsa maju, Kepong, pandan indah, bukit antarabangsa and Ampang. Max rental is 900/-. Never had any payment issues since day one. Mostly between 550 to 750. In fact most of them I have never visited after initial tenancy agreement. Some change tenants but usually old tenant finds the new one. Well those are some very good tenants you have there. Guess mine were all rotten apples. Just wondering, you got any of your units from auction? |
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