is it after or before tax? If I remember correctly holding more than 5 property is deemed to be an company even if a company isn't setup.

before tax,
but i dont buy all on my name,
use mother´s, wife, kids´names
lower tax, not aware there is limit of units  can rent as individual tax payer

Capital 2012 RM1.73M,
taken back RM1.18M ,
RM554k with return 144k pa,
ROI  25.9% rough estimate la

Had i dumped 1.74M in KWSP FD ASM it will remain same today
Properties appreciation is nice
going by the 5 units sold 1.74M can become 6M now

rentals collected?

1.sold 285k 11.1.22 bought 85k 13.5.12
rentals in 115months period RM70450,
add forfeited sales deposit 3k
minus rental expenses 21.1k
RM93.3k become RM337.3k ,
return 14.3% pa x  9 yrs
2.sold 280k 16.6.21 bought 85k 19.5.12
rentals in 109 months RM63350,
rental expenses 20.1k
RM92.6k become RM323.2k,
dividend 14.7% pa x 9yrs

yes, include reward for agent
share you excel done  by my agent
quite a good job everything reported
i just sit here collect rental,
props 300km away i cant even recognise them

Note:
rental expenses above  over reported
i simply autosum them (purchase costs also in)

ha ha my kids frowned away when wife said each of them can take few units next time....
probably hinting too low class those props...
who cares as long as it can lay silver eggs...

https://www.malaymail.com/news/malaysia/202...es-rm161m/71679

I'm sure it has been discussed somewhere before. if not here you go. Some here already in 1% club but maybe not yet 0.1% club. if cannot FI/RE then something wrong I guess

Given expected lifestyle of top 1%, rm 2.2m is insufficient to retire early.
from top 1% to top 0.1% need to increase wealth by a few order of magnitude.

i have not bought a car for myself since 1990! 

Yeah. i bought 2 cars for waifu since 1990. We still have a Honda CRV from 2002.
No vehicle for myself.   

Depreciate same lah if u calculate %. Just that its cheap, so ok lor.

Renovation won’t help FIRE. Let’s change topic. I’m bad manage my finance need help. Last time I young travel many country sometimes buy property by mistake thinking it’s the last time i willl move. Guess what, old now and back to Malaysia the best place.
Should I sell my flat in spore then convert to ringgit? I will lose exchange rate right? Also will I kena tax? Or should I just keep it in spore but it’s a problem cause I old that time can’t go there collect rent

i was also guilty of that
bought new knocked off side walls extend

Then it is best to make managing money one's hobby...

why bro? you dont like maths or  you dont like counting money?

Those on FIRE, do you have plenty of assets etc that you need to look after.

or are you just a simple person, not much expenses.

and world materials doesn't fancy you....?

Well done ser. Fat fire while having a kid

How young ru ser.

I am also introvert bro. Which is why I rather collect retro computers, fix them and do coding. Lol.

There is a good, hidden outcome as an introvert.... less interaction with others means lesser chance of being conned to invest this or being asked for some money to help with this or that....

OMG. You are Kaki also? I have recently purchased a ZX Spectrum NEXT clone called NGO. It's basically same (actually a little better) to the Spectrum NEXT. PM me if you want to know more.
Now I am trying to code C and Assembly on the NEXT. The NEXT is what the ZX Spectrum will be back in the days if Sinclair hasn't sold to Amstrad.

I still see alot says FIRE and retire and still on the hind side need to work or think about money or 'semi retired'. Or if work once a while can bring in extra money is good etc.

My personal definition of FIRE  is that you no longer need to work & worry about financials. If we still carry around that slight worry about making enough or not getting enough from passive to get by... that would mean we do not have enough.

Inflation and costs of good double up every 20 years, but it might have been accelerated recently due to few factors like shutdowns, logistics and climate change. I can't really see anyone living with 50k annually if they still have about 30-40years in their live ahead of them.

The optimum carefree amount that keeps popping into my head is around RM 4mil-5mil mark .
This is taking into account of inflation, some time to travel, enjoy what you eat, some bits to splurge on shopping and healthcare if needs be.