Nowadays there is MLTA which is better than MRTA as described by banker. Unlike MRTA, you won't need to pay in lump sum. Furthermore, the coverage of MLTA is not decrease in relative to your loan amount but fixed.

As for renovation works, It all depends on personal preference, some like to renovate in grand manner while others do it in moderate manner.
MAybe I can help you in renovation works, just PM me.

@yewkhuay
hmm.. the sum all seem so big. but i will finance it by selling one of the condo in KK and exchange with one in KL so no worries. hehe.

oh, didn't know u got one condo in KK.....

oh, didn't know u got one condo in KK.....

Kenji1903,

If the person have not pay off the car, the salary requirement will be higher.

Dreamer

hey Dreamer, u said is a bad ideal ? and thus, what do you suggest ? dump all the cash into stock ? you speak somewhow like what a city broker in wall street practised. if not buying a house at young, what age should he/she buy ? when buy a house, is there any age guidelines for better hints ? if everyone keep having this thinking, all the properties market will be so dull. well, i understand it is just your opinions, but, dont you think is sort of bias ?

didn't quite get you here

maybe i am lucky because i'm using my dad's old car, i do not need to buy a car now therefore i put my lump sum into a condo

@yewkhuay
not my condo la.. but my dad's condo. got 2 in KK and 2 landed property in Tawau(sabah) not including my own house. so i plan to sell one of the condo to learn to invest in property.

sell one condo to get cash to learn investment in property ? tht's even higher tactic than buying rm400+ books....

Bkt Beruntung is one great case to show how important marketing is.
Also, how the consumer's blinded when the economy's good.

When Bkt Beruntung was launched, Malaysia's economy was at its peak. Most ppl got spare money in pocket.
Property in Klang Valley blooming. Everyone thinking the outskirt would be the next big thing.

And then the Bkt Beruntung ad, on TV during prime time, newspaper etc. Claiming its 15 minutes drive away from KL via NSE, which is not true.

---

Added on July 31, 2007, 2:03 amWhy u so eager to learn property investment?
It's not like something u can buy today & sell tomorrow.
Just the legal procedure alone would take 4-6 months to complete.

Anyhow, the point of it is similar to other sorts of investments.
See what other people don't see. Buy low sell high.


This post has been edited by scorgio: Jul 31 2007, 02:03 AM

KLIA was supposed to be build near Bukit Beruntung, so some rich guy bought the whole piece of land, developed it and suddenly due to political reasons KLIA's plans was moved to where it is now...

my dad's friend bought one there and can't even sell off at half the price!

well, the outskirts are still a big thing:
1. KL city centre land is too expensive, MK going around RM450-RM600 psf, KLCC around RM750-RM1100 psf
2. less dense and expensive highways to the city makes it a better place to stay, less congestion, slightly better air.
else why would there be so many landed developments in Klang, Shah Alam, Sg. Buloh, Serdang and Rawang?

a6meister,

Have you read carefully?? TS does not have the cash yet. Even if he does, he only has the minimum. And, he probably has not pay off his car yet.

So, do you think it is a GOOD IDEA for a person to buy both car and house and get themselves into serious DEBT HOLE at young age??

Do a person buy a 300K house while still paying for a car?? The person only works for 3 years after graduation. Can a normal person afford this??

Should a person get into this kind of serious DEBT?

<<if not buying a house at young, what age should he/she buy ? when buy a house, is there any age guidelines for better hints ? >>

I had mentioned this before. The best time is after a person pay off their car and had worked for 5 to 10 years. Paying for both car and house at the same time is a serious burden for most people

<<If everyone keep having this thinking, all the properties market will be so dull. >>

Most people do not think this way. And, they ended up paying to the bank for their whole life and making me rich. This is one of reason why most average people are not rich. They spent most of their income on interest that they pay to the bank.

Actually, if people do not listen to my advice, it is better for me. I make more money this way.

Think carefully....

Dreamer

ya...and alot of surprised additional costs might come in way.
And suddenly if u found your buyer is a PR after assuming that he is a Local, more time needed and other cost.
sometimes your house nobody wanna buy.....every year u gotto pay upkeep, utilities and etc.....
ohh..its not easy especially when u in need of money. I think only shd buy if u are very ready or when opportunity arises.

ya. now waiting opportunities to airse. so selling the condo in KK 1st. so can have spare cash when the time comes. anyway, i chose real estate because i'm better off with it than stocks or funds. and it requires less time once you found the right property. unlike stocks which u have to monitor everyday.

Eh.. now is 2007.
Bkt Beruntung time is 1993 (if not mistaken).

Did any purchaser ever envision the property he/she bought would be left vacant for 14 years. No, not even in worst nightmare.

hey guys thank you for the information
hmm business im in is insurance basically a retail financial service provider main product im selling are investment links products and many more, going to do unit trust after my studies
no im not married but i plan 2 marry at 24 so i need a house..

k my future i plan to have a few companies such as event organizers and advertisement company 1st and later on a few more.. insurance is just the start for me 2 pump all my capitals in to these new businesses

i bought a few investment/financial magazines this month and i found my answer about getting a house thank you again guys, these are the 3 magazines i got, Smart Investor(Purchasing home tips), Personal money by the edge and 4E journal
thank you guys for your time it means alot to me, i believe as human beings we need to learn constantly because learning is a never ending process!