QUOTE(DesRed @ Apr 16 2019, 06:03 PM)
You really sure this aunty I'm referring to is your mum?
That aunty I was describing lived right next door to it. If memory serves me, she lives alone and most of her kids have flown from the coop dy. Late 50s or early 60s. Not really sure she bought other houses and turned them into 'student ghettos', though.
But I have to admit, you mum does have a knack for property investment.
When she first started she rented out 2 of the rooms in the house, then she bought the neighbouring unit and made it into 4 rooms. This was in 1995, after that she bought the 3rd house and moved out of the area to live in Damansara Jaya to do the same just this time it was KDU students. Same formula 4 room house, 1 room she reserved for herself and 3 other she rented out. After that bought 2 other units to do the exact same thing.
Then when her daughter went to Melbourne for her Bachelors she bought a 4 bedroom house, 1 for the daughter and 3 rented out to other students. Then when the daughter graduated and moved on to Sydney for her Masters, she did exactly the same thing again, found a 5 bedroom house and had it converted to be a student house. After that she moved back to Melbourne for her PhD, instead of asking someone to vacate she bought another 5 bedroom place and had it converted to be 7 bedrooms. Only took her 10 years to pay off each of those houses.
Finally her last foray into this was in Semenyih when Nottingham Uni opened the campus there. She bought 3 units side by side. Same formula again and if I'm not wrong all those houses are all paid for in full.
Now all the properties are paid for, only maintain and make sure there is a constant supply of China students renting from her.
QUOTE(Harry_Bobinski @ Apr 16 2019, 06:07 PM)
Even his dad has it. That huge "haunted house" which he destroyed. Was it in Bangsar?
It was how they met actually from a seminar on buying real estate using government loan. All while having a government servant quarters at Cochrane Rd area. Ironically it was also the reason they split up
The house is in Damansara.