2nd hand car and brand new house

One for investment. Another is liability. Errr

Get car since already have own place. Cuz investment is only if you have spare.

Car you drive2 kena hailak mati then investment house goes to who

Chances are if you looking at good location, your rental won't be too bad (can go research rental around your target place). It also depends on what type of properties you are looking at or your objective of buying second house at the first place. I think you buy second house mainly for own stay or investment? if you are making investment then making sure the rental can cover or property price increment is basically a must regardless u buy car or not lo. So you only headache if you wanna buy second house to let your family stay there so you don get roi from there, in a way similar to how you spend on the car, which then really you need to choose wisely in between.

New car, but it doesn't have to be a 150k car . City , HRV or Vios level should be good enough . Better than servicing an old car which is totally not worth it .

I'm not sure if investing into another property would be a good idea nowadays given the supplies getting more than demand .

Buy s house that next to MRT. Take MRT go work.

Old car keep . Only use when nevessary

maybe buy a shop

if either buy car or house then i think buy car
yolo a bit

‘ what would you do now onwards if you know you will die tomorrow or next year or next 5 years？’

i expect i will die before reach retirement age so i withdraw epf 10k

i also expect at that age i will have one or two beloved so i buy insurance and generated a passive income source

maybe you can set a ratio on your income say

30% commitment
30% invest
10% saving
30% just follow your heart

Buy New Waja and new house

If existing car is not falling apart rusting away, every few month need to go repair and dont need to travel on highway speed, do 110-120kmh speed but mostly city speed around 80kmh most of the time, keeping the old Waja is fine. Its is big and still safe compare to a small car. Else can consider changing to a newer car, maybe 3-5 year car as less depreciation compare to a brand new car.

Property wise, if you find a good unit with good returns at good location it is alwasy good, but if possible go for landed ones. Condos are popping up all over and stuck with one with lot of vacant and unpaid fees is a nightmare. I would prefer a lower mid end appartment without much facilities but near train, cheap to buy and cheap to rent, which can be easily sold off in a few years time.

I am still sticking to my 2006 car and saving for a bigger property, but if my mindset was like 10 years ago, I would have sold the car and buy another car as now repair cost is going up due to old age wear and tear, it is leaking water in the boot and rust appearing due to the leak. Always wanted a proper performance car, but 200bhp 6psd manual is not too shabby.

Sharing my journey.
First house was an investment and retirement condo by the beach. Currently doing airbnb and my short holiday gateaway. Minimum airbnb just to cover installment. Meantime rented a kl condo next to mrt to go to work.

Second house after 2 years of purchasing 1st. Currently renting it. But need to top up for maintenance and tax.

Bought a car with no loan. You should check out kia k3. Comfy and cheap used ones.

Third house also after 2 years. This just vp and currently staying here. Small condo central pj. Later when old age. Can sell/rent this unit and move away from the city.

Now looking for a car upgrade.

You could consider getting a prop and rent it. Doesnt matter how much you can rent it. Interest paid by the tenant is good enough. And consider it as forced saving. Then u can use the rental income to apply for other bank facility.
Not married but living with gf. We keep our own accounts.

This post has been edited by Musikl: Apr 19 2022, 10:15 AM

how u handle the airbnb unit? appoint service company?