Purchase first property, Need help
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 Jan 27 2024, 10:52 AM, updated 2y ago
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#1
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Junior Member
226 posts Joined: Nov 2021  
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Hi everyone
I want to purchase an apartment. This apartment cost around 600k. I have been working with the government for over a decade and have manage to save more than this amount. Can anyone advise what is the best option to buy this property. So far all my salary are paid by government and taxed. Should I cash buy the house or LPPSA or dump all into flexi loan. Thank you. This post has been edited by umboy: Jan 27 2024, 10:53 AM |
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Jan 30 2024, 03:39 PM
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#2
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Junior Member
226 posts Joined: Nov 2021
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QUOTE(soulmixx @ Jan 30 2024, 08:13 AM) Invest in property for long term return, my suggestion is buy 2 unit apartment range 250k using bank loan and rent it out.. use rent income to cover your installment.. maybe need to topup a bit but after 5years most probably can cover your loan installment as rent rate always increase.. It is quite impossible to find 250k apartment in Johor Bahruuse LPPSA to buy your 600k condo.. your 600k cash invest in other good return investment that can help to pay LPPSA loan.. if you bumi can invest in asb/ahb..  By the way I am non bumi Thank you for the helpful feedback  |
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Jan 30 2024, 03:40 PM
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#3
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Junior Member
226 posts Joined: Nov 2021
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QUOTE(em_on @ Jan 30 2024, 08:15 AM) apartment costs RM 600K? must be quite a prime location? Johor Bahruanyway you didn't mention for stay and investment though This is standard price in this location It can be for stay or investment |
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