QUOTE(banggala @ May 18 2021, 11:44 AM)
What are your thoughts on buying a property during this pandemic?
Is it good or bad.
Asking this because I see a lot of very different views of Pros and Cons when googling this.
What are the benefits or buying a property right now vs another 3 or 5 years?
Buying for Investment:-Is it good or bad.
Asking this because I see a lot of very different views of Pros and Cons when googling this.
What are the benefits or buying a property right now vs another 3 or 5 years?
1) As the pandemic is hitting hard on the current unemployment and many of the businesses due to the MCO, it could be a right time but you will need to justify on your price of entry and assume the future position of the disposal of the property by predicting the outlook based on your views in the future
2) Always remember to buy within your budget and also ensure that you don't rush too fast to your decision. Also make sure you yourself equipped with the knowledge and skills of identifying a good property for investment. Rental yield and price range, again also quite important, pairing with the catalyst in the location.
3) Becareful with cash out options as not necessary all cash outs are good. It could be a trap when cash flow went into some problems. For instance, if the cash out is RM100,000, make sure it is used as reserve and not to use it for the wrong purpose because when the Occupation Permit or Certificate of Fitness (CF) out, because sometimes these properties with cash out experience a higher loan outstanding that the market valuation so selling it might be a bit difficult.
Buying for Staying:-
Only depends on you and your comfort in terms of budget and location.
May 20 2021, 09:43 AM

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