Hi. Need opinion from sifus. Just had some modest inheritance left to my name and have spare cash from it.
Recently had an offer for a 2 storey shoplot in east coast state with ready tenant paying around rm4k rental per month total. Freehold. Located behind a university, near a mall and mcdonalds.
Asking price is 860k, off hand valuation by bank around 900k Planning to take 560k loan and the rest pay cash. HSBC may give 4.1-4.3% interest and after mortgage, rental will provide some 1k profit.
Is it a wise investment? Or should i get cheaper properties and pay cash.
Ideas welcome. I’m very noob in property investment.
If u have cash to spare, would you buy this