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 Jul 25 2019, 03:54 PM
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897 posts Joined: May 2019 
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QUOTE(se800i @ Jul 24 2019, 08:23 AM) Renting out sometimes is more profitable than selling a house ... For residential property, renting is never a profitable business especially at current situation, as most residential properties net rental yield is about 1-3%, which is not enough to cover loan interest nor beat FD interest rate as well. Profitable renting is for commercial/business property, not residential. |
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Jul 26 2019, 04:14 PM
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#2
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897 posts Joined: May 2019
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QUOTE(se800i @ Jul 26 2019, 10:43 AM) for me... I didnt want it to be profitable.... But to cover up my instalment, maintenance then it is good enough for me. Those "good day" are gone already. as at the end of the day i get a free property whereby every month got ppl help me to pay instalment. Most residential property hardly can get positive cashflow nowadays, in fact, renting out may also difficult let alone "profitable". |
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