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 How much salary to buy 1mil landed?

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sweetpea88 P
post Nov 21 2019, 11:57 AM

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My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k
ctraveller
post Nov 21 2019, 01:27 PM

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QUOTE(sweetpea88 @ Nov 21 2019, 11:57 AM)
My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k
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Oh thanks for the headsup. Can roughly gauge how much is needed for house loan approval. smile.gif
sweetpea88 P
post Nov 21 2019, 02:19 PM

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QUOTE(ctraveller @ Nov 21 2019, 02:57 PM)
Oh thanks for the headsup. Can roughly gauge how much is needed for house loan approval. smile.gif
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Good luck! Depends on ur DSR- debts service ratio. As long as total comitment not exceed DSR, bank will approve. Different bank, different dsr, cimb accept 85-90% i think. Maybank 75-80%. But its also depend on ur salary. Dont forget about criss, and credit cards.
msiajacky P
post Nov 21 2019, 02:23 PM

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QUOTE(sweetpea88 @ Nov 21 2019, 11:57 AM)
My spouse just sign snp early this year, his second house 950k, 90% loan with his salary 14k. We have 2 small kids. No fancy car. To live comfortable i suggest have nett income 15k-20k
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Wah interesting... are you employed or housewife?
sweetpea88 P
post Nov 21 2019, 02:30 PM

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QUOTE(msiajacky @ Nov 21 2019, 03:53 PM)
Wah interesting... are you employed or housewife?
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Employed, now quite struggle, but not until makan maggie. Still can pay all personal loan, insurance, investment, still can eat outside. Current house single terrace 250k, 1.2k monthly. I also bought condo 400k, now pay progressing around rm800 monthly, complete next year. We have to let go one of the house later. The new house will complete in 2022.
msiajacky P
post Nov 21 2019, 02:35 PM

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QUOTE(sweetpea88 @ Nov 21 2019, 02:30 PM)
Employed, now quite struggle, but not until makan maggie.  Still can pay all personal loan, insurance, investment, still can eat outside. Current house single terrace 250k, 1.2k monthly. I also bought condo 400k, now pay progressing around rm800 monthly, complete next year. We have to let go one of the house later. The new house will complete in 2022.
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Looks like I been worried too much...having 0 commitment now but scared to buy 650-700k house sad.gif
SUStalentrecruiter
post Nov 23 2019, 12:02 AM

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QUOTE(msiajacky @ Nov 20 2019, 06:02 PM)
Salary 9k & no other commitment
Was wondering is it feasible to buy a RM650-700k subsale property?
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yes. but 9k nett?
moosset
post Nov 23 2019, 11:16 AM

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those working in OnG offshore should be able to buy it easily ....
mini orchard
post Nov 23 2019, 11:19 AM

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QUOTE(moosset @ Nov 23 2019, 11:16 AM)
those working in OnG offshore should be able to buy it easily ....
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Only OnG earned good money?
moosset
post Nov 23 2019, 11:23 AM

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QUOTE(mini orchard @ Nov 23 2019, 11:19 AM)
Only OnG earned good money?
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they usually go offshore so while they earn good money, they don't really have a place to spend.

and their hotels are also provided, so they also save on food & accommodation.
mini orchard
post Nov 23 2019, 11:24 AM

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QUOTE(moosset @ Nov 23 2019, 11:23 AM)
they usually go offshore so while they earn good money, they don't really have a place to spend.

and their hotels are also provided, so they also save on food & accommodation.
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Correct.

Only OnG earned good money?
EddieBrock
post Nov 23 2019, 07:56 PM

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My doctor friend bought with his wife last time. RM 5k + RM 5k take home pay.
EddieBrock
post Nov 23 2019, 07:58 PM

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Buying RM 1 mil house for own stay and RM 1 mil house to rent out is not the same. Own stay, you have to bear all expenses yourself. Investment, tenant will partially cover the installment.
msiajacky P
post Nov 24 2019, 05:29 PM

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QUOTE(talentrecruiter @ Nov 23 2019, 12:02 AM)
yes. but 9k nett?
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Deducted EPF, Sosco etc...roughly 7.1k
SUStalentrecruiter
post Nov 24 2019, 07:48 PM

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QUOTE(msiajacky @ Nov 24 2019, 05:29 PM)
Deducted EPF, Sosco etc...roughly 7.1k
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7k minus 3k left 4k which is a fresh grad salary.
msiajacky P
post Nov 25 2019, 10:50 AM

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QUOTE(talentrecruiter @ Nov 24 2019, 07:48 PM)
7k minus 3k left 4k which is a fresh grad salary.
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Is fresh earning 4k nett these days? shocking.gif
SUStalentrecruiter
post Nov 25 2019, 11:10 AM

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QUOTE(msiajacky @ Nov 25 2019, 10:50 AM)
Is fresh earning 4k nett these days?  shocking.gif
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More or less, 1k different is it a lot?

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