Buy two properties in the same time, can sign both LO?
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 Jul 15 2018, 11:28 PM
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#1
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989 posts Joined: Feb 2008  
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QUOTE(fades @ Jul 15 2018, 10:59 PM) Considering the property B will only can be finished on 2021, I think the monthly installment will be no issue. But on the safe side yea I think it's better to follow the BNM guidelines. So u are prepared for worst come to worst repayment of 2 units from ur own pocket, in the same time able to top up the balance if interest rate increase? |
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Jul 16 2018, 12:19 AM
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#2
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989 posts Joined: Feb 2008
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QUOTE(fades @ Jul 16 2018, 12:03 AM) Property A is a service residences and my unit is facing the beach. If let the unit managed by developer, can cover the monthly installment. But 30 months contract. I prefer to let agent to manage. Per night stay is rm200 profit. Good location have higher chance to lease out, but u definitely need some buffer for at least short term of vacant period. U might even reduce ur rental in order to lease out soonest possible. Then once interest rate increase ur repayment going to top up while rental might not follow suit.Property B is a dual key studio top floor next to a lift. I plan to stay in one of the studio once completed and rent out the other studio to students nearby. It's subjective. In my opinion both unit locations are very strategic. 😅 Usually bank can approve much higher than the amount that consumer can afford after inclusive other necessary expanses. If squeeze urself too much might be too risky for u. |
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Jul 16 2018, 12:49 AM
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#3
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Senior Member
989 posts Joined: Feb 2008
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QUOTE(fades @ Jul 16 2018, 12:44 AM) Noted bro. Not sure about the increase in interest rates. At how much should we look at? Totally no idea on.this. This part icemanfx is expert. |
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