Worth it?
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 Sep 18 2007, 02:29 PM, updated 19y ago
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#1
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor  
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Been considering for awhile now..
Since I'm studying in tar college setapak now, and I'm going to move out with a group of my friends, is it worth buying an apartment, and rent the other rooms out to my friends..? I might be continuing to UTAR afterwards, so I can keep living there and renting the rooms out.. When I leave the place the next 4 years, I can sell it and earn (if it appreciates).. You guys think there's opportunity for this in ss2 wangsa maju..? |
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Sep 18 2007, 04:21 PM
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#2
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(Pai @ Sep 18 2007, 03:40 PM) Jordy mate, Well, the apartments there cost between 90k-120k..whats the selling price and the rental for this particular property u r looking at? That way we can see if its really wort ur while. Numbers dont lie   They are 3r2b, so can fit in 6 people comfortably.. Most of my friends are living there, so I guess that's one of the hottest area for KTAR students.. Rental for one lot is between 500-600 I see.. So that works out to around 7%.. If I buy it, I might be able to sell out at the current price or a bit of premium.. Not sure about property though, just starting to understand it..  |
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Sep 18 2007, 08:46 PM
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#3
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(ejleemy @ Sep 18 2007, 04:24 PM) IMO 7% rental yield is too low... after deducting the maintenance fee and misc expenses, the net is very little only. All you can hope is the land appreciation. But rmb its apartment, not landed house.... Not worth it IMO. What does this mean..? Come come we go BRJ yam cha.  Misc expenses like what..? One thing that I'm worried about is that UTAR is shifting to Kampar soon.. So will that affect the market price for properties there..? |
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Sep 19 2007, 02:15 AM
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#4
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(Pai @ Sep 18 2007, 11:25 PM) im with ejleemy on this, at 7% gross yield not really worth the effort. This is before UTAR shifts to Kampar. Great..however, if you can get a unit below 80k (9% yield) then its definitely worth looking at Looks like I have to really look for other opportunities.. Thanks to those that replied.. But someone mentioned that I can rent the property for myself, and re-rent it out to my friends.. How does this actually work..? Normally would this end up as gain..? |
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Sep 19 2007, 12:12 PM
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#5
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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QUOTE(scorgio @ Sep 19 2007, 03:47 AM) Meaning you rent the unit directly from the landlord. Then no need agreements between me and my friends..?Then sub-lease the rooms to your friends. Collect rental(inclusive of water, electricity & maybe Streamyx) from them. Assuming you rented every available room out, the collected rental should be able to cover the rental you're paying the landlord, ie. you stay for free. Of course, collecting rental & paying utilities bill would be your job & responsibility. The agreement is only between me and the landlord la..? |
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Sep 19 2007, 05:27 PM
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#6
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Elite
5,626 posts Joined: Nov 2004 From: Klang, Selangor
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Wow, very detailed indeed..
So with that apartment I was talking about, how much do you think I could sub-lease the rooms for..?  If I do too high, they might go to other landlords..? |
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