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 How do u make money from property investment?

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yewkhuay
post May 9 2007, 12:36 AM

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QUOTE(hackwire @ May 4 2007, 04:13 PM)
How much can you really made from Investing a property?
I noticed some property that was purchased for RM 350K , a loan tenure of 30 years , RM 1800 per month to pay the banker + monthly maintenance does not justified the earning made from the monthly rental collected from the tenant which can be a minimum of RM 1200.

Eg. Loan payment = RM 1800 per month
    maintenance Fee = Rm 150
    Misc                  = RM 500 ( renovation cost, tax, repair,insurance etc)
    Total                  = RM 2450 per month

rental fee (furnish): RM 1600

RM 2450 - RM 1600 = RM 850

Balance to top up some more is RM 850 .
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tht's obviously a very bad investment in realestate....
yewkhuay
post May 14 2007, 12:46 PM

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QUOTE(stargate @ May 14 2007, 09:44 AM)
Yup, I agree. A friend of mine who rent out to an expatriate, lost all his furniture in his furnished condo. Sad case.
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make sure u get all important document from the tenant so tht he /she won't act naughty, best way still, deposit plus passport/ic copy
yewkhuay
post Sep 24 2007, 01:22 AM

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i take 2months rental deposit , bills deposit n IC photocopies from my tenants, but they are good student tenants , so there is nothing much to worry about rental payment every month, they even considered my offer to pay lump sum for 1 yr tenancy with discount given, too bad they didn't come to a full agreement...
yewkhuay
post Sep 24 2007, 10:27 AM

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1yr advanced would be easier coz i can make back the discounted rental from investment with the advanced , per-semester the amount not much n the discount oso not so much difference from monthly rental which i hav oready given discount for early payment by 10th.

tenancy should be a problem coz the unit is new & big built up, close to college & uni , more importantly, they are my juniors who will pass on the tenancy to their juniors after 3yrs....touch wood...
yewkhuay
post Oct 1 2007, 12:48 AM

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QUOTE(lwb @ Sep 24 2007, 11:03 AM)
looks like you've got a good setup there.. smile.gif
did you create additional partition to your unit to accomodate more rooms?
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if i made up my mind to pay (loan ? ) 20K extra to get another unit tht has a space between the rooms (developer decorated as TV hall separated from living room) ,which can be easily put up only 1 partition wall to make it a room....but tht time it wasn't in my budget... tongue.gif

anyway,there is a limit for access card for each unit, my current unit oready hit max 10cards , so don't think making any partition in any apartment can accomodate more students.... laugh.gif
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