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Buying property for investment in 2021, complete newbie hoping to ask some sifus
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TSMxmagic
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 Sep 23 2021, 09:14 PM, updated 5y ago
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Getting Started
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Hi,
I'm currently thinking about buying a property for around 270k that can be rented for around 1.1k. I'm not sure if this is the place to ask but if not, would appreciate it if I can be redirected to where to ask. I am a complete newbie, and I'm not too sure what questions I should ask either. Property seems rather dauting to me as there are stamp duty, insurance, property tax, fire insurance(?).
Are properties in Malaysia good investments? Are there any tax advantages for owning a property? Is this a "good time" to buy? What are the "hidden cost"?
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hightechgadgets8
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Sep 23 2021, 09:16 PM
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can u pay bank installments if 2 years no tenant?
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TSMxmagic
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Sep 23 2021, 10:09 PM
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Getting Started
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QUOTE(hightechgadgets8 @ Sep 23 2021, 09:16 PM) can u pay bank installments if 2 years no tenant? Yup, I would be able to |
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mini orchard
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Sep 24 2021, 06:16 AM
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QUOTE(Mxmagic @ Sep 23 2021, 09:14 PM) Hi, I'm currently thinking about buying a property for around 270k that can be rented for around 1.1k. I'm not sure if this is the place to ask but if not, would appreciate it if I can be redirected to where to ask. I am a complete newbie, and I'm not too sure what questions I should ask either. Property seems rather dauting to me as there are stamp duty, insurance, property tax, fire insurance(?). Are properties in Malaysia good investments? Are there any tax advantages for owning a property? Is this a "good time" to buy? What are the "hidden cost"?1. Entry, Holding and Exit cost can take away a big portion of the investment. 2. Landlord's nightmare .... are you ready financially and mentally ? |
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