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 Invest multiple properties in short time, buy property for long term investment.

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TSyongtaik
post Dec 8 2018, 01:20 AM, updated 7y ago

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Hi all,

Recently I have been recommended to buy multiple properties within a few months or a year, due to the current property market is very quiet, it is easy to get good deal around. I'm very curious how will this works? and how am i gonna pass all the loan together, wonder how is the risk that i need to manage afterwards? Here i got 2 ways being introduce for the multiple property investment:

1. Buy units of landed, get cash back, use the money to renovate the units, adding more rooms, rent out by room to get positive cash flow.

2. Buying units of high rise, get cash back, use the money to renovate, rent out as airbnb, get positive cash flow.

personally, i do think bad economy is the time to do investment, but im pretty concern on the risk, as i do feel insecure if i cant pass the loan. Hopefully there is someone that is generous to share their experience about that for reference. Thanks alot.
TSyongtaik
post Dec 13 2018, 11:24 AM

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QUOTE(AskarPerang @ Dec 8 2018, 01:31 AM)
Spend some time to read this thread: https://forum.lowyat.net/index.php?showtopic=4267280

I suggest is read from the last page and go backwards. Coz early pages of the discussion mainly unimportant stuff.
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thanks alot for your sharing, it is pretty enlighten thought. just abit worry about the risk among that. since it is really depending of the approval of the loan. especially for those 2nd hand property, we have to bear with the 10% downpayment at first, it has the possiblity to burn the seed money.
TSyongtaik
post Dec 13 2018, 11:30 AM

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QUOTE(aaron1717 @ Dec 10 2018, 09:55 PM)
for rental purposes.... good high-rise most of the time are the best options.... they do have very little capital upsize.... but generally better rental yield than buying a landed...

your cut sizes rooms in landed only work with prop near schools, colleges, unis which nowadays most probably developer sell with overpriced pricing since it is assume to be able to generate good income for you and landed is a scarce commodity in KL...
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thanks for the respond, im very curious of the expat who work in malaysia, will expat choose to rent a premium room rather than renting a whole unit? since renting a whole unit in fact is alot more expensive, even cheaper area, expat stand a weak position as well, or other local working adult who want to save money but wanted to remain certain quality of accomodation.
TSyongtaik
post Dec 13 2018, 02:59 PM

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QUOTE(aaron1717 @ Dec 13 2018, 11:33 AM)
expat in premium locations like klcc/mt kiara/hartamas/bangsar... they only focus on the quality of living... they only want two type of sizes... smallest unit like studio/1bedder or large ass units like 1500sqft and above... anything in between no interest... room renting definitely no no... company subsidize them why they wanna rent a room to stay... lol
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how about not premium area, like mayb places around petaling jaya not all is so expensive, because as personal experience, some mid level income expat (mayb not management level employee), they will be quite budget in accomodation? especially those from south east asia, or middel east. correct me if im wrong.
TSyongtaik
post Jan 2 2019, 11:05 AM

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QUOTE(aaron1717 @ Dec 13 2018, 03:03 PM)
also not many expat as u tot especially PJ areas... very hard to find good rental yield high-rise in PJ areas mainly due to very high buying price... even u have mid level expat come and rent from you also wont be good rental compared to those premium locations... and the quality of expat tenant maybe differ as well...
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QUOTE(jimmyng @ Dec 25 2018, 04:09 PM)
and based on my personal experience, quality of the tenant is VERY IMPORTANT.
You will have big headache when having tenants that pay late or they have debt with Ah Long
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thanks for all of your reply, do you guys still put positive expectation in property market? Is this still a good market for doing investment? seems like there tones of new high rise property keep building around selangor, it is pretty scary to me while i imagine that all those properties will create a bubble price of properties, which high purchase price with low rental yield, and high maintainance fee. What do u guys think?

 

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