QUOTE(AskarPerang @ Aug 11 2018, 03:31 PM)
Yes absolutely agree with this statement. I got a friend own 2 landed properties: 1 in Puncak Alam, 1 in Sendayan.
He wanted to cut loss one of the house also no buyer. Coz rental yield negative alot. Not able to hold. And not able to sell as well.
So kesian him. I got advice him if really cannot hold anymore, need to default loan repayment and the house will kena lelong. No choice. In future not able to take any financial loan anymore forever.
Landed is really really hard to rent out, even successfully rent out, mostly can't cover your loan installment too.
For condo, it is like a defensive product for me, and i feel safer.
Just pay that 10% downpayment, let tenant pay the installment for you.
most of the case it wont be able to cover the monthly installment, but it can start offset your loan principle. (example 1.3k rental, 1.5k loan instalment, rm500 goes principle, rm800 goes interest, you pay 200 extra and others fees)
buy landed only if we have extra ordinately strong holding power.
if have moderate holding power only, get a condo zai better.