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newbie, plannin to buy a condo < 150K
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Pai
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 Feb 20 2008, 12:51 AM
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QUOTE(ej_italia @ Feb 19 2008, 02:33 PM) But i think, i can cut down my cost a do wat it takes to accomodate a home loan. There may be some other variable cost such as food and entertainment spending which i'm looking to cut. Anyway, IMHO, i may not be as experience as all you guys but i think sometimes we need to take risk and i believe this is the right time for me. I can't wait till i have my own family then only i start to take risk. Besides i don't see myself stucked in the same salary cap for too long. good thinking, I wish I had the same thought when I was a fresh grad. But I think 1st and foremeost, u need to be clear on your investment objective. Is this for your own stay or for investment? |
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Pai
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Feb 20 2008, 10:35 PM
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QUOTE(ej_italia @ Feb 20 2008, 10:23 PM) Well, for long term view, it's definately for investment purpose. I'm looking at some new areas and i feel that new areas normally the supply > demand so probably i'll stay for a short while till the market is more saturated and at the same time i can slowly furnish the place and use it first hand and next time rent it out as furnished. My main concern here is i don't have the capital to start.  uh.....what kind of capital? The 1st 15% for deposit n legal fee's ? |
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Pai
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Feb 24 2008, 01:52 AM
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QUOTE(ej_italia @ Feb 21 2008, 03:00 PM) Yeah, the 10% deposit.... until u have the means to come out with the first 15%, u should be talking about investing.  |
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Pai
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Mar 7 2008, 05:02 PM
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QUOTE(dreamer101 @ Mar 5 2008, 09:32 PM) I do not think anyone should buy 100K apartment. Landed property is much much better and it does nto cost that much. Dreamer I have to disagree as when it comes to property investment, LOCATION always comes 1st. Any landed properties at the right location wont cost less than 100k. |
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Pai
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Mar 7 2008, 08:28 PM
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QUOTE(dreamer101 @ Mar 7 2008, 08:09 PM) Pai, TS is buy the apartment to live. It is NOT an investment. Dreamer Dont think the TS mentioned its for own stay.  But kinda agree that for own stay, one would be better off buying landed. The problem is for 100k budget, its very hard for one to get good landed properties. |
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