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> Flipping propertys within 1 to 3 years

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TSmousepad87
post May 18 2019, 02:58 PM, updated 6 months ago

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Hi,

Last year and this year i manage to bought 780k and 600k property.

My initial intention to buy and renting out.

After renovation and furnished the whole houses I manage to get RM6k rent for 780k property and 4k for 600k property.


My property agent said investor looking for property can give 6% annual return. She said 1 buyer willing to RM780k house for RM1.2m.

Base on my rough calculation i should able to make gross profit of rm400k. then deduct tax 30%

Nett profit should be 280k. Not bad for 1 property.



Is there any property Sifu or good books i can refer for me to learn more how to maximize the profit ?

thanks
ManutdGiggs
post May 18 2019, 03:06 PM

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QUOTE(mousepad87 @ May 18 2019, 02:58 PM)
Hi,

Last year and this year i manage to bought 780k and 600k property.

My initial intention to buy and renting out.

After renovation and furnished the whole houses I manage to get RM6k rent for 780k property and 4k for 600k property.
My property agent said investor looking for property can give 6% annual return. She said 1 buyer willing to RM780k house for RM1.2m.

Base on my rough calculation i should able to make gross profit of rm400k. then deduct tax 30%

Nett profit should be 280k. Not bad for 1 property.
Is there any property Sifu or good books i can refer for me to learn more how to maximize the profit ?

thanks
*
If tats the figure u get after rpgt and all fees then u dun need a book to max profit

Use cocr then u see how much % after annualised. Just beware irb could treat it as biz income. Either way u won't lose provided the figure u get is a real thg.
Bjorn1688
post May 18 2019, 03:06 PM

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QUOTE(mousepad87 @ May 18 2019, 02:58 PM)
Hi,

Last year and this year i manage to bought 780k and 600k property.

My initial intention to buy and renting out.

After renovation and furnished the whole houses I manage to get RM6k rent for 780k property and 4k for 600k property.
My property agent said investor looking for property can give 6% annual return. She said 1 buyer willing to RM780k house for RM1.2m.

Base on my rough calculation i should able to make gross profit of rm400k. then deduct tax 30%

Nett profit should be 280k. Not bad for 1 property.
Is there any property Sifu or good books i can refer for me to learn more how to maximize the profit ?

thanks
*
Can you show us which property sells for RM600k and rents for RM4k in today's market?

Actually never mind that part, tell us which property you can buy today for RM780k and after renovation could sell for RM1.2m.
matrix88
post May 18 2019, 03:24 PM

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bull story, now market is so soft no possibility to flip and make so much

and dount the rental yield is so high
TSmousepad87
post May 18 2019, 03:37 PM

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QUOTE(Bjorn1688 @ May 18 2019, 03:06 PM)
Can you show us which property sells for RM600k and rents for RM4k in today's market?

Actually never mind that part, tell us which property you can buy today for RM780k and after renovation could sell for RM1.2m.
*
i bought 1 big house which consist of 4 small houses. Each house have 2 bedroom. dirty and need minor renovation and major cleanup. After that i furnish include high speed internet. than i rent out by bed. each bed rm350. 1 room 2 person... so for 4 houses


4 houses x 2 rooms x 2 person/room x rm360 = RM5760


Previous owner rent out each house for rm700. (Total income only RM2800)






Takuro82
post May 18 2019, 04:29 PM

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QUOTE(mousepad87 @ May 18 2019, 02:37 PM)
i bought 1 big house which consist of 4 small houses. Each house have 2 bedroom. dirty and need minor renovation and major cleanup. After that i furnish include high speed internet. than i rent out by bed. each bed rm350. 1 room 2 person... so for 4 houses
4 houses x 2 rooms x 2 person/room x  rm360  = RM5760
Previous owner rent out each house for rm700. (Total income only RM2800)
*
I don’t think you should sell this property with this kind of great positive cash flow.
Or you can sell it immediately with 1.2mil and exit. Doesn’t matter about the rgpt.

With 1.2mil after deduct your loan and tax and other fee, you can easily hunt your next property in current market
heavensea
post May 18 2019, 05:09 PM

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Current circumstances,
Got value
No market
icemanfx
post May 18 2019, 05:19 PM

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QUOTE(heavensea @ May 18 2019, 05:09 PM)
Current circumstances,
Got value
No market
*
Got value but no market = Syok sendiri.

This post has been edited by icemanfx: May 18 2019, 05:19 PM
lollipopkan
post May 18 2019, 05:45 PM

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Can you enlighten me which 2 properties can fetch such rental? Thanks.
TOMEI-R
post May 18 2019, 05:51 PM

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Wow.. sounds like typical sales talk by property agents.
CyrusC
post May 18 2019, 05:55 PM

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Seems like those do multiple partition rooms and rent to students concept.
pysh
post May 18 2019, 05:55 PM

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rent by beds.. student or Airbnb?
dave1987
post May 18 2019, 06:11 PM

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If got this property I think many buyer want it..
Keep it bro...
400k profit after u sell it.. Oni can buy 900 sq condo with uncertain rental
matrix88
post May 18 2019, 06:13 PM

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QUOTE(TOMEI-R @ May 18 2019, 05:51 PM)
Wow.. sounds like typical sales talk by property agents.
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+1
New Klang
post May 18 2019, 09:56 PM

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U dont need a book.

U can write one.
nexona88
post May 18 2019, 11:08 PM

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wow too good...

mind sharing which property can get such good value / returned...


jcts
post May 19 2019, 12:30 AM

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QUOTE(mousepad87 @ May 18 2019, 03:37 PM)
i bought 1 big house which consist of 4 small houses. Each house have 2 bedroom. dirty and need minor renovation and major cleanup. After that i furnish include high speed internet. than i rent out by bed. each bed rm350. 1 room 2 person... so for 4 houses
4 houses x 2 rooms x 2 person/room x  rm360  = RM5760
Previous owner rent out each house for rm700. (Total income only RM2800)
*
Wow, your house must be damn big. It consist of 4 small houses.
pinksapphire
post May 19 2019, 12:53 AM

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QUOTE(New Klang @ May 18 2019, 09:56 PM)
U dont need a book.

U can write one.
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Lol, this...

To TS, can you perhaps share the location/area of your esteemed properties?
matrix88
post May 19 2019, 01:14 AM

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i think it's bull story la. not even telling location or anything.
Bjorn1688
post May 19 2019, 02:30 AM

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QUOTE(mousepad87 @ May 18 2019, 03:37 PM)
i bought 1 big house which consist of 4 small houses. Each house have 2 bedroom. dirty and need minor renovation and major cleanup. After that i furnish include high speed internet. than i rent out by bed. each bed rm350. 1 room 2 person... so for 4 houses
4 houses x 2 rooms x 2 person/room x  rm360  = RM5760
Previous owner rent out each house for rm700. (Total income only RM2800)
*
What kind of house is that and how on earth did you find such a property?

You don't need any books, you should be writing one instead.

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