For purpose of adding another passive income. I calculated i can get 5% p.a returns. Good or bad idea? Or Cash is King?
Buy a property wish cash today, What is your thoughts?
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 Sep 26 2020, 11:00 AM, updated 6y ago
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#1
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Junior Member
280 posts Joined: Jul 2020  
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Thinking of buying a property for rental purpose by cash. No point hoarding too much cash when FD so low. What do you guys thing? Unker also old already, cannot and don't want to take loan anyway.
For purpose of adding another passive income. I calculated i can get 5% p.a returns. Good or bad idea? Or Cash is King? |
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Sep 26 2020, 11:17 AM
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#2
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Junior Member
280 posts Joined: Jul 2020
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QUOTE(MUM @ Sep 26 2020, 11:07 AM) post 30 of this thread Dodgy. Don't trust.Ubb Trustfund covid19 6.5% https://forum.lowyat.net/topic/4955758/+20#entry98300437 gives him 7% nett pa...  |
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Sep 26 2020, 02:21 PM
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#3
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Junior Member
280 posts Joined: Jul 2020
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QUOTE(adamhzm90 @ Sep 26 2020, 01:10 PM) Later got maintenance cost/problematic tenant unker. Unker already pump max RM60k into EPF this year, kennot pump anymore...Leave it at epf je.. Got 5% pa |
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Sep 26 2020, 02:22 PM
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#4
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Junior Member
280 posts Joined: Jul 2020
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QUOTE(mini orchard @ Sep 26 2020, 12:51 PM) The first 2 years of rental collection goes toward the cost of purchase, agent's fee, basic reno and fittings .... 0% returns btw, if letting out condo, who pays the sinking fees? Landlord or tenant?3rd year collection ... about 40% goes toward agent's fee, repair and painting if the 1st tenant leave. Other than mentioned above, investor have to take into consideration of void period, tenant's profile and capital appreciation, if any. |
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Sep 27 2020, 05:52 PM
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#5
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Junior Member
280 posts Joined: Jul 2020
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QUOTE(Bora Prisoner @ Sep 27 2020, 05:30 PM) Just be sure to get those properties in good location ie always someone who wants to rent. If you think about it, not having a tenant for a couple of months a year will already hit your 5% margin. Same my tenants also asked for discount. Ok lah, sikit-sikit, i help you, you help me. One fella even cannot pay for 1 or 2 months, but since he is with me for many years, ok lah. Unker just treat as helping friend.And yes, with covid, a few of my tenants have asked for discount. But i haven't have a condo property to let so far. Thinking of buying another property to stay while current condo let it out. |
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Sep 27 2020, 07:36 PM
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#6
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280 posts Joined: Jul 2020
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QUOTE(zstan @ Sep 27 2020, 06:15 PM) go put in stashaway or wahed better lah. old liao don't take so much risks in non liquid investments I have started with Stashaway already. Not sure how the return is yet.This post has been edited by NB01: Sep 27 2020, 07:36 PM |
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