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 plan to get a new house with an existing house, how should i plan it financially

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xswatch
post Jun 15 2023, 12:46 AM

On my way
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Junior Member
592 posts

Joined: Dec 2016
From: johor


u can rent out ur current house purchasing the second house. normally if u can get tenant that can pay >85% of ur house installment considered quite good already. that way, u just need to pay the 1.5m house that u live in ±15% of that 600k house.

personally, I rent oout several of my house at ±90% of my monthly installment. landed & no maintenance fees. so every month I just need to cover 10% installment of each house. and once a year, need to fork out own money for cukai pintu. Anyway, it didn't burden me at all.

 

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