Cons of leasehold property.

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Cons of leasehold property., freehold vs leasehold

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icemanfx	Aug 2 2024, 03:39 PM Return to original view \| Post #1
20k VIP Club All Stars 21,458 posts Joined: Jul 2012	QUOTE(matrix88 @ Aug 2 2024, 10:44 AM) crazy way of calculation maybe majority type c location very difficult for them to fork out so huge amount in 6 months and many are old/retired. citrus orchard valuation is lower, hence, lease payment and assessment is cheaper. QUOTE(WaCKy-Angel @ Aug 2 2024, 10:50 AM) huh renew lease is so expensive one meh? At $22k rental/month, $1m for 99 years lease is cheap and reasonable. QUOTE(PAChamp @ Aug 2 2024, 11:18 AM) Article says almost 1 mil to renew leasehold for property worth 1.5 mil currently If monthly rental is $22k/month, after lease is extended to 99 years, could worth >$4.4m. the issue is most owners don't have the capacity to pay lease premium upfront and bank will only lend after lease is extended. This post has been edited by icemanfx: Aug 2 2024, 03:41 PM
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icemanfx	Aug 2 2024, 08:52 PM Return to original view \| IPv6 \| Post #2
20k VIP Club All Stars 21,458 posts Joined: Jul 2012	QUOTE(nexona88 @ Aug 2 2024, 07:48 PM) How sure you're getting 4.4mil after lease extension It's won't work that way... Especially in Malaysia... All low-ball one... At $22k/month rental, $4.4m is 6% yield. For certain, many will buy.
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icemanfx	Aug 2 2024, 09:43 PM Return to original view \| IPv6 \| Post #3
20k VIP Club All Stars 21,458 posts Joined: Jul 2012	QUOTE(nexona88 @ Aug 2 2024, 08:57 PM) Not all lots can command such rentals... Don't blindly trust those agents... They would tell all good positive thingy... As long as >6% yield is worthy to consider to buy.
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