ZZZ

This post has been edited by kbandito: Jan 9 2019, 07:01 PM

on paper it might look right. again, getting a tenant or not, it's another matter.

Ok.
Let's assume getting tenant is not a problem.
Does it look good?

yea.. is UTAR moving?

there are quite some new condo around ss2 (ameera and ken++), might affect a lil..

Yup, I'm also thinking of the effect of UTAR relocation.
But anyway, UTAR is moving to Kampar right? That should be a opportunity there.
As long as UTAR don't provide student house there, big bucks!

got student or not ss2 houses will always sell? why?.... because the population there is made up of 95% chinese... not racist but now a lot of the retired chinese are staying in ss2 houses... when their kids comes back with millions they want to stay near to their parents... but not together so they try to buy a house nearby...

some paying crazy amount... my terrace house worth 800k... sigh..

Your terrace house is old-type or renovated type?
Can someone help me to calculate the monthly repayment for a 90% loan? 30 years?
I don't know the formula

no, your calculation is wrong. u miss the most important issue, which is the INTEREST by bank. this is not as easy as how u think, kid.

wat kinda calculation is this ?

i keep it simple for u, 500K house, pay 10% d/p, loan 450K, with the a fixed 5.45% loan, for 30yrs, u r paying 2500/month to bank.
on top of tht :
1. Loan agreement fees : 6K
2. ur monthly rental income is lower than ur loan instalment, tenant will thank u for subsidizing their stay.
3. renovation cost?
4. quit rent ? fire insurance?
5. Can u secure a 450K loan?
6. House value goes up? may be,
7. u may not get 12months rental every year, there will be some months u need to clean up or without tenant.

basic intermediate unit worth this much?

u dont need a calculator, just walk in any bank n grab a loan repayment sheet.

i punched some numbers
http://money3.com.my/MalaysiaHomeLoanMarke...00&MOF=90<=30
you'll be paying
2,626.08/mo if 90% loan/10% downpayment
you are getting.. less than 2k?

bad. bad. bad.

i'm in the process of buying a house too
rent around 500, paying bank around 400..
so a little extra in the pocket..
still on paper..
have to figure out other things as well..
tax, for example.

hahaha, very ambitious indeed, but you really lack some research. like ttwangsa said, do some loan calculations using any free websites in the world wide web.

if you plan to pay 10% (50k), and planning only to get a loan tenure of 30 years with say 6% interest rate, you need to pay back ~RM3000 to the bank every month. that means deducting the max you can get from rental monthly, you still need to fork out ~RM1000 personally and pay back to the bank.

but the most important thing is, do you have a salary of RM10k per month? if not, i don't think you'll be eligible for any loans anyway. most banks look at your monthly pay and offers if the monthly installment is 33% or less of your monthly pay.

This post has been edited by livingmonolith: May 16 2008, 01:47 AM

TS, if you put RM500k on FD, at 3.7% pa interest rate.
You get RM18500 per year, which is about RM1542 per month.

Rental at RM1500/month even less than FD interest.
So question!!

Can you sustain long enough for capital appreciation?

I bought my new apartment in Kinrara Mas. I like the model, and location, and it is affordable (1231sf about RM 224k+2 carparks). Maybe u guys should try visit their show unit if u wanna make survey.

kbandito , if u r buying an investment property, suggest you to scout for apartments or condo instead.

Landed generally makes a poor passive-income investment.