REITs are good in terms of diversification rather than owning the actual property outright

SG REITs are most of it are long term tenanted hence less worries for vacancy and lower dividends so you should be fine with appreciating SGD 👏 which will be another record soon in Q3 at RM3.50

just becareful not to be too splashy in terms of your spending... since you have not paid any taxes at all.

that's all I know about rental income tax payable...

The interesting thing abt these SREIT is,... they also have capital gain if we buy the right ones. But w shld look at some dividend ctrs too, egs UMS.

UMS gives out bonus shares every few years. My average price today is 69c 'cos I averaged-up a few times with my dpu's.

Anyway,... investing in SGD instruments has one big advantage. If your reference currency the RM, it's high chance you will get forex gain. But of course, if you invest into the wrong SG instrument, then that'd be a different story.

sure bruh
not paying tax at all ?tak boleh lah.
even my mother at 85 pays tax but of course is mine lah

i slowly increase my tax, sudah near 60k 2022.. tak cukup meh?

LHDN already approved me 3x ha ha...
aka audited.
so me safe lah..

not audited at all u guys watch out!

iirc... irb allows you to deduct some additional expenses wrt said properties, if you have at least... 4 houses, or 2 houses + 1 shoplot, or 2 shoplots... tax is still on personal basis not company

thanks for info... i guess you pay cash, and your cost includes lawyer fees n stamp duties?...

anyways flip an office lot once... was planning as rental but change mind... flipping n rental not my jam...

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)


This post has been edited by guy3288: May 26 2023, 09:23 PM


Attached thumbnail(s)

nice... anyways thanks for sharing...

ok you convinced me to reconsider... maybe get something for the kids...

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...

kids nowadays... sometimes feel like wanna slap them into reality... hahaha... i talking my kids lah... hahaha...

nicer units... lucky to even get 1%... lol

This thread keep me company especially that scam forex MG and FD promo as im waiting for some to matured... even when travelling to Japan. You folks Keep me company while I'm lost in the sea of nihon jin....

If you all bitch and whine on property, here in Japan, house is a depreciating asset and has been depressing since the bubble burst.

House prices will dropped until nominal land value and the next gen will mortgage again to have a rebuilding cost for a new structure.

Plus the aging issues, there are many akiya aka abandoned house here that you technically can have almost for free.... with loads of caveat.....

This post has been edited by gamenoob: May 30 2023, 09:45 PM

True , 850k DS corner rent only RM1200, higher people not willing to pay susah...


if everyone same mentality look down on used properties
must live only in new houses only ...shouganailah.

here decrepit houses in central location people offering good prices also
demolish rebuild sell make money........

same thing cannot be done in places like Tokyo?

Generally those akiya or free/low cost abandoned house are usually with poor location and abandoned for a good reason. Not so much of ex dead owner but rather it cost too much to be rebuilt hence abandoning it. Japan still have inheritance tax which can be prohibitive which is why some offspring rather not having such unless it commercially viable to be inherited for rebuilding. There tend to be situated in country side even within Tokyo or Osaka. With such huge sizes and pocket of area with little access ie train or amenities, it’s fall off the typical Japanese radar. Some soc med trend now in YT with increasing foreign content creators jumping in and buy such and rebuild them for their content. The Chinese investor has been lured onto it for quite a while now (not the YT type) and convert them to Airbnb etc. but Japan city ordinance on such are grey and complicated that commercial return is questionable unless it is located in a prime location like very close to train station etc.

Those that can be rebuild and resell with profits are generally rare and would have been taken up by the owner or real estate company.

This post has been edited by gamenoob: May 31 2023, 08:27 AM

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

1% can FI cannot RE because wanna be 0.1%...

Talking about personal finances, any recommendations on expense tracker app that easy to use and can be ported out to excel and most importantly free?

Don’t need any fancy future retirement planning etc. it’s nice to have but not a must.

Currently I’m doing it old school way that I will tabulate all my expenses every few days with the receipts from CC.

I use Cc for all my expenses as much as possible instead of cash for the receipt and record to ease reconciliation later. I will pay even massimo bread with Cc… 😅 only tough part is food court and roadside with no such facilities hence the apps tracker for it if any.

Thanks

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.

https://www.malaymail.com/news/malaysia/202...-globally/71662

Shows how far we are from Singapore wealthy.