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 80s babies, have they started buying property?

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BEANCOUNTER
post Jun 20 2018, 03:26 PM

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QUOTE(aaron1717 @ Jun 20 2018, 02:00 PM)
this lady i know her personally one... btw... she is a single malay lady... working in government sector.... night just like any other work-life balance worker... borak, lepak ngan kawan...

mainly all of her properties covered by rental income over the years... she have alot of disposal income for own spending considering she is single also... most of her portfolio are landed which required close to none maintenance fees... recently just bought 1 condo as investment... probably cant fully cover maintenance fees...
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taiko this was what you've written

'based on her portfolio calculation to date... should be from 2013 ba... 2 properties per year... so 5 years required to build to 10 currently...'

you may know her, but did she share her investment secret with you?

2013 already price close to flatliner lioa, and summore she bought two per year? and continue for the next 4 years.

what you didnt say is whether she bought subsale or new. If bought new, i dun think her rental income from 2 properties she bought in 2013 can substain her to buy 8 more properties.

if she bought subsales, how the hell she got so much CASH to pay for 8 more properties?

bear in mind she only earns 5k per month.

obviously your story above only talked abt the 'feel good' factor. many facts remain missing.


flight
post Jun 20 2018, 03:27 PM

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I think property market is at a low now. Many opportunities available. But u nvr know la. Maybe can go down further. If u read back got a lot of ppl was saying the market wont be doing so well, market is nvr going to get bad, better buy now. From 2015 until now. Every year u can see the market deteriorate a little.

Many ppl purchased during 2013 until 2017 have yet to see gains. Most are looking at losses, then u have the inteest rates on the loans that ppl need to pay.

Maybe now is the right time to get in. But rental yields r still very low. Many new props r cashflow negative of 1k and above.
ManutdGiggs
post Jun 20 2018, 03:28 PM

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QUOTE(icemanfx @ Jun 20 2018, 03:06 PM)
If you believe in and practice not to catch a falling knife, why advocate property at current market sentiment?
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Skill is Wat I blif differ u n me. 😊
flight
post Jun 20 2018, 03:29 PM

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QUOTE(BEANCOUNTER @ Jun 20 2018, 03:26 PM)
taiko this was what you've written

'based on her portfolio calculation to date... should be from 2013 ba... 2 properties per year... so 5 years required to build to 10 currently...'

you may know her, but did she share her investment secret with you?

2013 already price close to flatliner lioa, and summore she bought two per year? and continue for the next 4 years.

what you didnt say is whether she bought subsale or new. If bought new, i dun think her rental income from 2 properties she bought in 2013 can substain her to buy 8 more properties.

if she bought subsales, how the hell she got so much CASH to pay for 8 more properties?

bear in mind she only earns 5k per month.

obviously your story above only talked abt the 'feel good' factor. many facts remain missing.
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This story sound damn close to certain things happening in my life. Dont know how the monkeys have been spreading news.
ManutdGiggs
post Jun 20 2018, 03:29 PM

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QUOTE(icemanfx @ Jun 20 2018, 03:04 PM)
In this big data world; if one is aware type of technologies available to lhdn will realize unreported income or wealth is hard to evade lhdn.
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And why donation not captured in LHDN system ar??? 2.6b is peanut to LHDN???
ManutdGiggs
post Jun 20 2018, 03:31 PM

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QUOTE(Andy Lau6235 @ Jun 20 2018, 03:07 PM)
haha, your short form word look die me, apa itu opm and own moolah?
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Opm is other people money

Moolah is money

Fund manager is well known to hav used other people money to play their own game


flight
post Jun 20 2018, 03:38 PM

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Why these story all sound like poking fun at my personal life. . .

Just for the record. I have a pretty high networth, but money is made from investments. Not from working.
flight
post Jun 20 2018, 03:41 PM

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Not just poking fun, very insulting and without the full story. Just a partial story with an offensive ending.
aaron1717
post Jun 20 2018, 03:44 PM

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QUOTE(BEANCOUNTER @ Jun 20 2018, 03:26 PM)
taiko this was what you've written

'based on her portfolio calculation to date... should be from 2013 ba... 2 properties per year... so 5 years required to build to 10 currently...'

you may know her, but did she share her investment secret with you?

2013 already price close to flatliner lioa, and summore she bought two per year? and continue for the next 4 years.

what you didnt say is whether she bought subsale or new. If bought new, i dun think her rental income from 2 properties she bought in 2013 can substain her to buy 8 more properties.

if she bought subsales, how the hell she got so much CASH to pay for 8 more properties?

bear in mind she only earns 5k per month.

obviously your story above only talked abt the 'feel good' factor. many facts remain missing.
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hmm... for a single lady... nett income 5k... imagine cincai one year u just save 2k per mth out of your nett 5k... u also got 24k liao... + your two months bonus + your other investment interest and bonus and excess from rental every month... generally she need use alot pure cash to buy geh prop.. only 2 are require heavy outlay... the others should be minimal initial outflow....

for those LTV 70%... subsales have 5 (3 sell below bank valuation, 2 really use almost 20% dp to buy), new project with high discount have 3... other than the latest one which is still constructing and its a condo... the rest are landed or low rise apartment... the 7 properties which already in hand... all generating positive cash flow regardless how much loan she took... and subsales those newly VP one can still play with valuation to ensure u no need pay full 30% cash every prop ma...

i think you should know those who intend to play this game and have time to play this game... there sure got alot of ways... this is msia... land of opportunity mang... laugh.gif laugh.gif

oh ya location i din mention... all her properties are at or around kuantan... not KL... but to be fair... her income also at lower average spectrum compared to those who earning in KL at same age and same education level....
flight
post Jun 20 2018, 03:49 PM

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QUOTE(aaron1717 @ Jun 20 2018, 03:44 PM)
hmm...  for a single lady... nett income 5k... imagine cincai one year u just save 2k per mth out of your nett 5k... u also got 24k liao... + your two months bonus + your other investment interest and bonus and excess from rental every month... generally she need use alot pure cash to buy geh prop.. only 2 are require heavy outlay... the others should be minimal initial outflow....

for those LTV 70%...  subsales have 5 (3 sell below bank valuation, 2 really use almost 20% dp to buy), new project with high discount have 3... other than the latest one which is still constructing and its a condo... the rest are landed or low rise apartment... the 7 properties which already in hand... all generating positive cash flow regardless how much loan she took...  and subsales those newly VP one can still play with valuation to ensure u no need pay full 30% cash every prop ma...

i think you should know those who intend to play this game and have time to play this game... there sure got alot of ways... this is msia... land of opportunity mang...  laugh.gif  laugh.gif

oh ya location i din mention... all her properties are at or around kuantan... not KL... but to be fair... her income also at lower average spectrum compared to those who earning in KL at same age and same education level....
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Dunno why i feel that u r saying my income is at a lower average compared to those same age and education lvl.

ManutdGiggs
post Jun 20 2018, 03:51 PM

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QUOTE(flight @ Jun 20 2018, 03:49 PM)
Dunno why i feel that u r saying my income is at a lower average compared to those same age and education lvl.
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Boss honestly I din see any1 toking bout any forumer here wo. Could it b u r just coincidently having the same story???

For all u know v r adoring madam icy here nia. No others can replace her.
flight
post Jun 20 2018, 03:54 PM

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QUOTE(ManutdGiggs @ Jun 20 2018, 03:51 PM)
Boss honestly I din see any1 toking bout any forumer here wo. Could it b u r just coincidently having the same story???

For all u know v r adoring madam icy here nia. No others can replace her.
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Got a troop of monkeys following me around. Everything i do they also reporting.

Got a few ppl talking all types of rhbbish about me, got these monkeys reporting there suddenly is not 2 ppl talking, become 200 ppl talking. 190 of these 200 ppl i dun know 1.
aaron1717
post Jun 20 2018, 03:54 PM

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QUOTE(flight @ Jun 20 2018, 03:49 PM)
Dunno why i feel that u r saying my income is at a lower average compared to those same age and education lvl.
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wa... why u so sensitive one... lol.... wad happened to you in the past in this forum? haha... i'm just giving some simple statistic compare her income for the same level in KL.... lol...
ManutdGiggs
post Jun 20 2018, 03:54 PM

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QUOTE(flight @ Jun 20 2018, 03:54 PM)
Got a troop of monkeys following me around. Everything i do they also reporting.

Got a few ppl talking all types of rhbbish about me, got these monkeys reporting there suddenly is not 2 ppl talking, become 200 ppl talking. 190 of these 200 ppl i dun know 1.
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Follow u in kopitiam???
flight
post Jun 20 2018, 03:56 PM

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Just for the record, i am doing quite well financially, but money is from investments la. Most ppl my age dont have my networth.

But because got ppl sabotage me and got these monkeys around. My career was thrown into a tailspin, nvr managed to get off the ground.

Many enemies pretending to be friends, spread all types of false rumours. A portion of these troop of monkeys purposely spread the negative news.
flight
post Jun 20 2018, 03:58 PM

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QUOTE(aaron1717 @ Jun 20 2018, 03:54 PM)
wa... why u so sensitive one... lol.... wad happened to you in the past in this forum? haha... i'm just giving some simple statistic compare her income for the same level in KL.... lol...
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I got ppl follow me drink coffee in kopitiam 1. I dunno these ppl. They dun talk to me 1.

Report all types of funny thing.
aaron1717
post Jun 20 2018, 04:00 PM

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QUOTE(flight @ Jun 20 2018, 03:58 PM)
I got ppl follow me drink coffee in kopitiam 1. I dunno these ppl. They dun talk to me 1.

Report all types of funny thing.
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wa... why your life is LYN macam so dark one... i been blowing in property section here quite sometime... still okay wor... no heavy impact til real life also affected... so far i see your posts also nothing much worth to report also... haha
ManutdGiggs
post Jun 20 2018, 04:03 PM

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QUOTE(flight @ Jun 20 2018, 03:56 PM)
Just for the record, i am doing quite well financially, but money is from investments la. Most ppl my age dont have my networth.

But because got ppl sabotage me and got these monkeys around. My career was thrown into a tailspin, nvr managed to get off the ground.

Many enemies pretending to be friends, spread all types of false rumours. A portion of these troop of monkeys purposely spread the negative news.
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U mean they even know u r in lyn and they oso joined lyn to attack u???
flight
post Jun 20 2018, 04:03 PM

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QUOTE(aaron1717 @ Jun 20 2018, 04:00 PM)
wa... why your life is LYN macam so dark one... i been blowing in property section here quite sometime... still okay wor... no heavy impact til real life also affected... so far i see your posts also nothing much worth to report also... haha
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No leh, is these monkeys, follow me from real life. Until reach the online.

Offline move to online. Dunno how they contact online forumers 1.
flight
post Jun 20 2018, 04:04 PM

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QUOTE(ManutdGiggs @ Jun 20 2018, 04:03 PM)
U mean they even know u r in lyn and they oso joined lyn to attack u???
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Sound like james bond movie leh. My phone got ppl track 1. So i go what donkey website they also go 1.

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